Uzbekistan masters foreign investments worth $2.9 bln in 2011
Uzbekistan, Tashkent, Jan. 21 / Trend D. Azizov /
Uzbekistan drew $2.9 billion of foreign investments to the real economy in 2011. About 78.8 per cent fall to foreign direct investments, Uzbek President Islam Karimov said at the meeting of the Cabinet of Ministers on Thursday.
Uzbekistan mastered more than 10.8 billion capital investment in 2011 from all sources of financing or 11.2 percent more than in 2010, the president said.
Karimov stressed that the investment share in GDP was 23.9 percent. This indicates about a high activity of the investment process in the country.
According to the president, the positive qualitative changes occur in the structure of financing the sources and directions of using capital investment. "Over 73 percent of all investments is formed due to domestic sources - own funds of enterprises and the population, commercial bank loans, which are more involved in the investment processes, as well as the state budget and extrabudgetary funds," he said.
Karimov stressed that more than 73.5 percent of total investment are spent to the industrial construction. About 45.3 percent of investments were spent to buy modern high-productive equipment.
Tens of modern enterprises were commissioned as a result of implementing the active investment policy in the reporting period.
The first stage of using the propane-butane mixture to increase the production of liquefied gas was completed at the "Mubarek Gas Processing Plant".
The active phase of the construction work includes such major projects as the construction of the third branch of the gas pipeline Uzbekistan-China.