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Uzbekistan absorbs over $3.5B of investments

Business Materials 26 April 2019 14:27 (UTC +04:00)

Baku, Azerbaijan, Apr. 26

By Fakhri Vakilov – Trend:

In 1Q2019, 29.88 trillion soums ($ 3,541,676,400) of investments in fixed assets were disbursed in Uzbekistan, of which 68.7 percent, or 20.52 trillion soums were borrowed funds, and 31.3 percent, or 9 , 36 trillion soums are the own funds of enterprises and organizations, Trend reports with reference to the State Statistics Committee of Uzbekistan.

In the reporting period, 12.49 trillion soums of investments, or 41.8 percent of the total investment, were utilized at the expense of centralized sources of financing, which is 23.9 percentage points (p.p.) more compared to the same period last year.

In the reporting period, due to decentralized sources of financing, 17.39 trillion soums of investments were used, or 58.2 percent of the total investment, which is 23.9 p.p. less than in the same period last year.

At the expense of own funds of enterprises and organizations, 6.21 trillion soums of investments in fixed capital, or 20.8 percent of their total volume, were utilized. At the expense of the population, investments made up 3.62 trillion soums, or 12.1 percent.

In the reporting period, under the guarantee of Uzbekistan, foreign loans were disbursed by 7.55 trillion soums, which is 16.1 percentage points or 25.3 percent of the total investment more than in 2018.

In territorial aspect of investment in fixed assets the highest growth rate was observed in the Navoi region - 2.1 times more than last year. The increase in growth rates was achieved through the construction of a mine for the extraction of precious metals.

In Kashkadarya region, the increase in investment by 2 times was achieved through the construction of an organization for the production of synthetic liquid fuels, the development of oil and gas fields, and other major investment projects.

The growth by 86.0 percent compared to last year in the Namangan region is primarily associated with the construction of a thermal power station in the Turakurgan district.

The decline in investment growth over the corresponding period last year was noted in the Bukhara region - by 50.0 percent, which was due to large investment projects of past years for the construction of a complex associated with gas processing.

Tashkent city still leads in the regional context, which is 19.6 percent of the total investment in fixed assets. In Kashkadarya and Navoi regions this figure reached 17.4 and 15.4 percent, respectively.

The share of investments in fixed assets to the total volume in the country was the lowest in the Khorezm and Syrdarya regions - 1.7 percent.

As a result of organizing the production of synthetic liquid fuels, the largest share of investments allocated to new construction was noted in the Kashkadarya region and accounted for 90.5 percent of the total investment in this region.

This figure was 78.3 percent in the Namangan region, 72.9 percent - Karakalpakstan, 57.6 percent - Tashkent, 56.3 percent - Samarkand regions.

The lowest level of this indicator was observed in the Andijan region, which amounted to only 23.3 percent.

In the structure of investments by types of economic activity, electricity supply and gas supply prevail. There were 8.23 trillion soums, or 27.6 percent of total investments in fixed assets, mastered from all sources of financing in this industry.

A significant amount of investment has also been mastered in the manufacturing industry - 5.54 trillion soums.

In the mining industry, 2.03 trillion soums were used, or 6.8 percent of the total investment, of which 1.25 trillion soums, or 4.2 percent, were used to extract natural gas and crude oil.

($1-8436.68 soums on Apr. 26)

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