Foreign investments in Uzbekistan increase
Tashkent, Uzbekistan, Oct. 30
By Demir Azizov- Trend:
Uzbekistan spent $2.4 billion of foreign investment in January-September 2015, which is 11 percent more than in 2014, according to the State Statistics Committee of Uzbekistan.
The volume of spent direct foreign investments increased by 7.4 percent and amounted to $1.8 billion.
In total for nine months of 2015, the total volume of capital investments through all sources of financing in Uzbekistan increased by 9.9 percent - up to 28.5 trillion soums (2675.84 UZS = 1$), of which foreign investment accounted for 21.1 percent, according to the agency.
The amount of funds of the Fund for Reconstruction and Development of Uzbekistan, aimed at the implementation of major investment projects in strategic sectors of the economy, amounted to over $514 million.
Implementation of 76 major investment projects worth over $888 million for the organization of high-tech production and the construction of modern infrastructure facilities was completed with the participation of foreign investment since early 2015.
Uzbekistan GM JSC implemented the project "Production of Labo cars in the Khorezm region" worth $5.9 million and with an annual production capacity of 5,000 cars.
It was previously reported that Uzbekneftegaz completed the project "Further development of Kultak field with the modernization of Pamuk booster compressor plant worth $51.7 million, the first phase of the project "Electrification of the Marokand-Karshi railway section" worth $234.7 million.
Projects for the organization of production of telecommunication equipment on Jizzakh special industrial zone on construction of objects of the infrastructure for Ustyurt gas chemical complex, more than 9,300 individual houses on standard projects in rural areas have been commissioned, 194.3 kilometers of railways rehabilitated, construction and reservation of more than 1,500 kilometers of fiber-optic broadband network have been implemented.
It was previously reported that Uzbekistan in 2015 plans to spend foreign investments in the amount of $3.534 billion within 156 investment projects. It is planned to spend $965 million on 76 projects at the expense of foreign loans guaranteed by the government, and $2.57 billion on 80 projects at the expense of foreign direct investment.
The largest volume of foreign investments - $2.29 billion on 35 projects is planned to be spent in the fuel and energy sector, including $2.07 billion on 15 projects at the expense of direct investment of foreign companies.
Edited by CN