President Shavkat Mirziyoyev chaired a government meeting on Wednesday to discuss the current state of attracting foreign investment and plans for 2025.
According to the presidential press service, over the past 10 months, more than $26 billion in foreign investment has been drawn to the country, which is 1.7 times more than last year. It is noted that of this amount, about $24 billion are direct investments.
These funds reportedly made it possible to launch about 6,300 new enterprises, create 30 trillion soums worth of added value, increase exports by $305 million, and create 163 thousand high-paying jobs.
Another $8.6 billion in investment is expected to be drawn by the end of the year.
The meeting, which was held in a critical spirit, analyzed the results of attracting investment and implementing projects by province and industry.
In eight districts and cities, investment indicators remain low, and in some sectors there is a decrease compared to last year. The implementation of a number of projects carried out jointly with international financial institutions is progressing slowly. In particular, the development of project documentation and tenders are being delayed for 17 projects.
The president noted that it is necessary to increase the investment activity of the province s and radically change approaches to work in this area. For example, the European Bank for Reconstruction and Development, "considering the positive changes in the country's business environment and the pace of economic growth," expressed its readiness to finance projects with the participation of the private sector, the report says.
The head of state emphasized that the province s should effectively use such opportunities and independently attract financial resources. It is also necessary not only to increase the volumes, but also to improve the quality of investments.
"That is, every dollar drawn should serve the development of industry, the creation of new jobs, and the growth of export potential," it was said at the meeting.
Shavkat Mirziyoyev instructed to once again review the volumes and directions of attracting funds from international financial institutions and foreign government financial organizations. The task has been set to identify specific projects for 2025, including those based on public-private partnerships and with the participation of private investment, across industries and province.
