On November 27, President Shavkat Mirziyoyev chaired a meeting to discuss the current state of attracting foreign investments and plans for the coming year.
Over the past 10 months, our country has attracted more than $26 billion of foreign investment, which is 1.7 times more than last year’s figure. Of this amount, about $24 billion are direct investments.
These funds allowed launching 6.3 thousand new enterprises, creating added value worth 30 trillion soums and increasing exports by $305 million. It is of particular importance that the investments have created 163 thousand high-paying jobs.
Another $8.6 billion of investment is expected to be attracted by the end of the year.
The meeting, held in a critical spirit, comprehensively analyzed the results of investment attraction and project implementation in the context of regions and industries.
Specifically, in eight districts and cities, investment indicators remain low, and some sectors have seen a decline compared to last year. The implementation of a number of projects implemented jointly with international financial institutions is progressing slowly. In particular, development of project documentation and tenders are delayed for 17 projects.
The responsible persons presented information on the projected results by the end of the year and plans for 2025.
The President noted the necessity to increase the investment activity of the regions and radically change the approaches for work in this field. For instance, the European Bank for Reconstruction and Development, in view of the positive changes in the country’s business environment and economic growth rates, has expressed its readiness to finance projects with participation of the private sector.
It was emphasized that regions should effectively utilize such opportunities and independently attract financial resources. It is also essential not only to increase the volume, but also the quality of investments. That is, every dollar attracted should contribute to the development of industry, creation of new jobs, and growth of export potential.
At the meeting it was instructed to reconsider once again the volumes and areas of attracting funds from international financial institutions and foreign governmental financial organizations. The task has been set to define specific projects for 2025, including those based on public-private partnership and with the participation of private investment, in terms of industries and regions.