Uzbekistan plans to attract investments, loans worth $11 B
Baku, Azerbaijan, Oct. 14
By Fakhri Vakilov-Trend:
Uzbekistan plans to bring the volume of attracted foreign direct investment and loans to $11 billion in 2025 compared to $ 1.6 billion in 2018, Trend reports citing Uzbekistan’s Ministry of Economy and Industry.
The ministry published the Investment Policy Strategy of Uzbekistan until 2025 developed based on the analysis of international experience, trends and problems in the development of investment processes, the economy of the country, its industries and regions.
The goal of the investment policy strategy until 2025 is to increase the competitiveness and balance of the economy, boost the development of production and export potential, the development of regions and the improvement of living conditions of the population.
The main objectives of the Strategy are identified in three key areas: improving the investment climate; enhancing domestic sources of investment and increasing the efficiency of using investment resources; implementing effective operational measures and developing new approaches to attract foreign investment.
The main sources of investment by 2025 will be direct investments, including public-private partnerships, public investments and investments from corporate securities.
In the framework of ongoing and new investment projects in 2019-2025, it is planned to develop decentralized investments in the amount of over $106.1 million. Moreover, about 30 percent of this sum will be financed from the own funds of enterprises.
An increase in the share of investments in fixed assets in GDP is expected from 30.5 percent in 2018 to 37.5 percent in 2025.
The result of the implementation of the Investment Policy Strategy will be to ensure the comprehensiveness of the regional and industrial development of Uzbekistan, as well as the formation of value chains of products from raw materials to finished products, the strengthening of existing and the formation of new interregional and intersectoral relations, the development of cooperation between industries, regions, state bodies and private business.
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