The Minister of Investments and Foreign Trade, S. Umurzakov met with the new vice president of the Asian Infrastructure Investment Bank (AIIB), K. Limitovsky, for whom the trip to Uzbekistan was the first official visit since the appointment.
World Bank Vice President for Europe and Central Asia, Cyril Muller, welcomed the Government of Uzbekistan’s progress in transforming the economy and pledged the institution’s continued support for further reforms. Visiting Tashkent on January 16-17, he met with President Shavkat Mirziyoyev and senior government and parliamentary officials.
The volume of investment amounted to 220.7 trillion soums, or US$ 23 billion in 2019, exceeding the target by 2 times, while the volume of fixed investment amounted to 189.9 trillion soums, or US$ 19.8 billion, a 1.3 times year-to-year increase, the Ministry of Investment and Foreign Trade said.
The Hyatt Regency Tashkent hotel will be privatized through the funds by The Abu Dhabi Uzbek Fund, Shavkat Mirziyoyev announced at the government meeting devoted to the implementation of agreements reached at visits to the United Arab Emirates and Japan.
The controlling stake in Asia Alliance Bank set to be sold to Japanese Sawada Holdings, it follows from the Dec. 28 presidential decree, signed following the official visit by Shavkat Mirziyoyev to Japan last December.
By the end of 2019, the total nominal value of securities issued in Uzbekistan is at 92.35 trillion soums. Of these, only 1.5% or 1.4 trillion soums, or less than 0.4% of GDP, is in free circulation.