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Uzbekistan reveals monitoring results on investments commitments

Business Materials 23 October 2018 17:56 (UTC +04:00)

Baku, Azerbaijan, Oct. 23

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In January-September 2018, investment commitments under 192 contracts worth a total of 274.1 billion soums and $4.3 million were fully fulfilled in Uzbekistan, the State Committee of Uzbekistan for Assistance to Privatized Enterprises and Development of Competition (the State Competition Committee) said in a report.

According to the information, more than 7,334 new jobs were created during the reporting period.

Lemon International LLC fulfilled investment commitments worth 8.4 billion soums to create textile production and opened 120 new jobs.

Bektemir Metall Konstruksiyalari LLC made 129.5 billion soums worth of investments in the production of galvanized lighting poles. At the same time, 255 new jobs were created.

As of Oct. 1, 2018, monitoring is conducted on 1,078 contracts for a total amount of 2,939.2 billion soums and $542.0 million, including 17 contracts concluded with foreign investors.

The total amount of fulfilled investment obligations under these contracts amounted to 1.3 trillion soums and $168.8 million . More than 8,775 jobs were created.

(8226.10 soums = 1 USD on Oct. 23)

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