On December 23, the President Shavkat Mirziyoyev chaired a meeting to discuss the effectiveness of the policies to boost investment and foreign trade and the main tasks for 2021.
As reported earlier, next year it is planned to draw over than US$ 7.5 billion in foreign direct investment. Shavkat Mirziyoyev identified measures for the full and timely use of these funds in each project. He instructed to take measures for the timely implementation of 226 large projects through these investments. He set the task for quality realization of 69 new industrial projects, thereby creating additional reserves for economic growth, the presidential press service said in a statement.
Focus will reportedly be placed to the chemical industry, energy, geology, electrical engineering and light industry as the main drivers.
He pointed to the importance of introducing from January 1, 2021 a new system for the realization of projects financed by loans from international financial institutions, conducting appropriate training for managers and employees of “project offices” for effective development and ensuring the effectiveness of funds for each project.
Exports are projected at around US$ 17 billion next year. In this regard, the officials were instructed to enter into export contracts in advance, and from January 1 to establish a system of pre-export financing at the expense of the Export Support Fund.
