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Uzbekistan spends $1.8 billion on investment projects

Business Materials 31 July 2016 17:26 (UTC +04:00)
Uzbekistan used foreign investments and loans in the amount of $1.8 billion in H1 2016 that is by 17.2 percent more than in the same period of 2015.
Uzbekistan spends $1.8 billion on investment projects

Tashkent, Uzbekistan, July 30

By Demir Azizov – Trend:

Uzbekistan used foreign investments and loans in the amount of $1.8 billion in H1 2016 that is by 17.2 percent more than in the same period of 2015, according to the country’s Economy Ministry and State Statistics Committee.

Meanwhile, the volume of direct foreign investments amounted to $1.2 billion.

Total volume of used capital investments increased by 11.8 percent in January-June 2016, foreign investments and loans accounted for more than 23 percent of the total volume, according to the Uzbek Statistics Committee.

In January-June 2015, Uzbekistan received capital investments from all sources of funding in the amount of $7.3 billion in its equivalent, including more than $1.5 billion, or 21.3 percent foreign investments and loans, including $1.2 billion – foreign direct investments.

Uzbekistan completed the implementation of 43 industrial projects worth $1.9 billion in H1 2016 as part of an investment program. Meanwhile, the implementation of 72 new large investment projects with a total cost of more than $3.4 billion has been started in the country.

In 2015, total amount of investments was $15.7 billion (in its equivalent), which is by 9.6 percent more than in 2014.

The investment program for 2016 envisages foreign investments in the amount of $4.042 billion for 154 investment projects in Uzbekistan.

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