BAKU, Azerbaijan, June 4
By Ilkin Seyfaddini - Trend:
The total volume of foreign investments made up $2.5 billion, with direct foreign investments amounting to $1.7 billion and foreign loans - to $831 million in the period from January through April 2020, Trend reports citing the Ministry of Investment and Foreign Trade of Uzbekistan.
The growth rate compared to the same period of 2019 made 1.6 times. The share of assimilated direct foreign investments in the total volume of investments has grown to 26 percent.
During the reporting period, 336 projects were commissioned including eight large production enterprises and 328 industrial facilities of regional importance.
The leading positions in attracting investments into the economy of Uzbekistan were occupied by Russia, China, Germany and South Korea, while the total number of countries investing in the country's economy made up 37.
“Following the results of the reporting period, the most attractive for investors were electrotechnical industry (growth by 24 times compared to similar period of 2019), chemical industry (growth - 13 times) and leather, footwear industry (growth - 2,5 times). Oil and gas industry (2.3-fold growth) and production of construction materials (1.6-fold growth) also demonstrate good indices,” the message said.
Strengthening of the trend for the growth of flows of foreign direct investments and credits in the projects of regional importance, the total value of which in the reporting period made $958 million, having increased by 2.6 times was noted. High growth dynamics by region is observed in Jizzakh region (by 13 times), Namangan (9.4 times) and Surkhandarya regions (4.2 times).
According to the investment program approved by the president of Uzbekistan, in 2020, the development of investments in fixed assets is projected at 233.2 trillion soum ($22.9 billion), of which $7.1 billion are foreign direct investments and $2.7 billion are loans under state guarantee.
In particular, more than 2,000 social, infrastructural and production facilities are expected to be commissioned in 2020 including 206 new large production facilities, 240 production facilities of regional significance, and 1,600 social and infrastructural facilities.
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