President Shavkat Mirziyoyev President Shavkat Mirziyoyev chaired a yearly summary government meeting, which also discussed the main plans for 2025 and investment yesterday business via videoconference call, the presidential press service said.
Reportedly, the speakers at the meeting is underscored that, $188 billion in investments have been attracted to the Uzbek economy from all sources since 2017, of which $87 billion were foreign investments. This made it possible to increase the share of investments in GDP to more than 30%.
In 2024, the volume of investments exceeding $36 billion, recording an increase by 1.3 times. Thanks to this, 560 large and medium-sized projects have been commissioned year-to-date, standing at a total of 70 trillion soums. This also made it possible to create a basis for increasing exports by $1 billion next year.
At the meeting, Minister of Investment, Industry and Trade Laziz Kudratov presented plans for 2025.
Next year, it is planned to disburse US$ 43 billion in investment. This will allow implementing more than 300 large projects and launching the production of 662 new types of items to be marketed abroad.
Shavkat Mirziyoyev reportedly emphasized the need for targeted work with foreign investors, expanding conditions for them and high-quality implementation of all agreements reached.
At the moment, work is underway on 1,890 projects are being eleaborated, with all persons in charge identified.
At the meeting, the president also discussed Uzbekistan’s international trade.
"In the context of a difficult international situation, success in this area requires special efforts. Export and logistics chains are becoming more complex, and demand for finished products in key export markets is declining. In such conditions, full mobilization of domestic resources is necessary to accelerate the pace of economic growth, it was emphasized at the meeting. The goal by 2030 is to double the annual exports value, bringing it to 45 billion dollars,” the report says.
To do this, it is important to launch investment projects in a timely manner, increase the production of goods and services with high added value, and expand export markets, Shavkat Mirziyoyev said.
Minister of Industry and Trade Laziz Kudratov told Uzbekistan 24 TV channel that 1,888 projects are planned to be implemented in 2025.
“We took an individual approach to all areas and will be focusing on reducing imports and increasing the level of localization. Every year, the competition for investment intensifies in the world. A 14% reduction in global investment intensifies this competition. In these conditions, it was instructed to approach the work in a new way,” he said.
