Thursday, 02, May, 2024

As reported earlier, Shavkat Mirziyoyev attended the session of the 2nd Tashkent International Investment Forum. Shavkat Mirziyoyev in his remarks focused on new opportunities for expanding cooperation between Uzbekistan and foreign investors.

First area is the green economy. In Uzbekistan, with the participation of prestigious international companies, projects for the construction of solar and wind power plants are being implemented. This year alone, more than 2,000 megawatts of capacity will be commissioned, and next year - 8,000 megawatts.

"Green economy" opens up new areas of industry. This means that investors will have the opportunity to invest $8 billion.

Second is the public-private partnership. In the process of reforms, private investments began to be actively attracted to previously “closed” areas. In particular, great opportunities have opened up for the private sector in the aviation sector, which was previously considered 100 percent state-owned. Along with this, in such rapidly developing areas as IT, tourism, education, medicine, Uzbekistan is becoming a regional hub, which also opens up a wide road for investment.

This year, with the assistance of international financial institutions, standalone public-private partnership programs have been developed totaling $14 billion. They cover such important areas for the state as transport, utilities and water management, and healthcare.

Third area is the privatization of state-owned property. This year, the program “1 thousand +1 thousand + 40” was adopted. This means that government stakes in 1,000 enterprises and another 1,000 state-owned objects will be put up for auction, 40 enterprises will be put up for IPO.

Fourth is industrialization. At present, the textile, leather and footwear industries, the building materials, electrical engineering, mechanical engineering have a sufficient raw material base and qualified personnel. In these areas, there are all prerequisites for increasing production and exports by 2 times. To do this, it is necessary to establish cooperation with large brands, to develop foreign markets, innovations and modern technologies.

Fifth is cooperation with neighboring countries. Joint investment funds are being created for the purpose, large regional projects are being implemented in industry, energy, transport and water management. It is necessary to continue the establishment of cooperative ties in industry and the agricultural sector on the principle of complementarity of economies.

He voiced Uzbekistan's readiness to create the necessary legal guarantees for investors, separate technology parks and industrial zones, and provide additional benefits.

“I am convinced that the upcoming negotiations and meetings will allow you to see unlimited business opportunities in the new Uzbekistan. In our country you will find everything you need for business - peace, stability, a favorable investment climate and reliable guarantees. I am sure that the new Uzbekistan will become the best country for your business activities and leave a bright mark on it,” Shavkat Mirziyoyev concluded.

Latest in National

2024-05-01