Baku, Azerbaijan, Apr. 23
By Fakhri Vakilov –Trend:
The inflow of direct foreign capital continues to decline in Uzbekistan, Trend reports with reference to the State Statistics Committee of Uzbekistan.
The volume of foreign direct investment in Uzbekistan in the first quarter amounted to 2.4 trillion soums or 8.1 percent of the total capital investment in the country's economy and is 5.4 percent less than the corresponding period last year.
In the framework of the Investment Program for 2019, it is planned to use over $4 billion of foreign direct investment, of which over $2.3 billion is allocated for various industry sectors.
In the industry, a significant proportion of foreign direct investment, over $ 550 million, is accounted for by the oil and gas complex.
The largest investment project of the current year in this area is the program to increase hydrocarbons for 2017-2021 which is implemented by the Russian Gazprombank and the Chinese Silk Road Fund.
The official estimates show that $390 million have to be spent within the framework of this project in 2019.
The Uztextileprom Association, whose enterprises have to absorb $250 million of foreign direct investment this year, traditionally holds the second place in the inflow of foreign direct capital into the industry.
The enterprises of the Uzstroymaterialy association, according to the forecast, will attract $ 160 million of foreign direct investment in the modernization and creation of new industries. The largest project cost of $70 million is associated with the construction of a new energy-efficient cement plant on the basis of JSC Akhangarancement.
($1- 8451.30 soums on Apr. 23)
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