Uzbekistan talks investment priorities for 2021

Uzbekistan talks investment priorities for 2021

BAKU, Azerbaijan, Jan. 14

By Klavdiya Romakayeva - Trend:

Uzbekistan plans to involve more than 2,000 new enterprises in export activities and to organize the export of 120 new types of finished products, Trend reports referring to the press service of the Ministry of Investments and Foreign Trade of Uzbekistan.

Deputy Prime Minister, Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov, Deputy Ministers of Investments and Foreign Trade, the leadership of the Ministry of Foreign Affairs, commercial banks and other departments, as well as representatives of the media and the public discussed the results of investment and foreign trade activities of the Uzbekistan in 2020 and priorities for 2021.

According to the information, the volume of foreign direct investment in fixed assets by the end of 2020 amounted to $6.6 billion, increasing by 1.5 percent compared to the same period in 2019. Some 197 projects were implemented within the framework of the Investment Program, due to which 38,000 jobs were created.

In addition, 10,586 projects were implemented for a total of 59.1 trillion soums ($5.6 billion) within the framework of regional investment programs, which made it possible to create 131,500 new jobs.

Also, the indicators of foreign trade activity were considered according to which the volume of exports by the end of 2020 amounted to $15.1 billion. At the same time, export deliveries of 47 types of new types of products were established and new promising markets were mastered in a number of countries.

In addition, the leadership of the ministry shared plans for the coming year, detailing the priority tasks in the near, medium and long term, new principles and mechanisms of work, and disclosing information on the expected indicators of investment and foreign trade activity in 2021.

Thus, according to the forecast, the volume of foreign investment will amount to $10.5 billion, of which $7.6 billion will be foreign direct investment, and 226 large and industrial projects of high economic importance will be put into operation, which will create 34,000 workers places.

Moreover, it is planned to develop 94.8 trillion soums ($9 billion) and introduce 7,106 investment projects within the framework of regional investment programs, as a result of which about 162,000 new jobs will be created.

In this context, it was announced that this year, a study of the structure of imports of Uzbekistan, the CIS countries, Central and South Asia, Turkey, South Korea and China, as well as a detailed analysis of the investment and industrial potential of industries and regions will be carried out.

The ministry noted that the comparison of these indicators will allow a new approach to the development of investment proposals and ensure a high economic effect from the implementation of these projects.

It was also announced that the expected export volume in 2021 will amount to more than $17 billion, which will be ensured by a significant increase in export supplies in such areas as agriculture, textile, silkworm breeding and electrical engineering, etc.

---

Follow the author on Twitter: @romakayeva

Subscribe to Trend in Google News! Subscribe
Weekly actual topics in Azerbaijan (April 16-20)
Weekly actual topics in Azerbaijan (April 16-20)
Weekly tenders in the region (April 16-20)
Weekly tenders in the region (April 16-20)
Last week’s laws, orders and decrees in Azerbaijan (April 16-20)
Last week’s laws, orders and decrees in Azerbaijan (April 16-20)
Loading Bars
Latest
Azerbaijani MFA comments on Armenian side’s allegations about alleged "pogroms"
Azerbaijan’s economy growing sustainably
Jordan army officer killed in shooting along border with Syria
Over 139 mln coronavirus vaccine shots given in Turkey to date
Iran's Energy Exchange announces products to be on sale on January 16
Azerbaijan is of great regional and global importance - American Jewish Committee
Azerbaijani Defense Ministry presents weekly review (VIDEO)
Georgia publishes COVID-19 data for January 16
National Bank of Georgia shares data on liabilities to non-residents
Kyrgyzstan logs 874 new COVID-19 cases
Iranian currency rates for January 16
Britain will no longer require COVID tests for fully vaccinated travellers
Argentina's COVID-19 tally surpasses 7,000,000
All synagogue hostages "out alive and safe" in U.S. Texas (UPDATE)
Russia, West are ‘on totally different tracks’ - Kremlin spokesman
Restoration work in liberated areas - foundation to Azerbaijan's further development
Philippines finalises deal to acquire missile system from India for $375 mn
Czech president opposes abuse of Olympic idea for political aims
Turkey confirms 63,967 daily COVID-19 cases
England opens COVID booster jab programme to 16- and 17-year olds
AICTE, 5ire partner to launch the world's biggest happiness blockchain
US hopes to continue security dialogue with Russia - Department of State
French 2021 budget deficit seen lower than expected at 7% of GDP -minister
Migrant caravan leaves Honduras en route to U.S.
Piyush Goyal suggests 5-point reform agenda for FCI
Omicron detected in Beijing as China battles COVID-19 clusters
UK seven-day COVID-19 infections down 33% on week before
Under pandemic cloud, 24k people to attend R-Day parade with protocols
Iran president eases COVID curbs as deaths fall
Covid-19 India highlights: India logs over 2.6 lakh cases, 402 deaths in a day
Apple to require employee proof of COVID-19 booster
Azerbaijan hands over one more citizen who got lost back to Armenia
Passenger vehicle dispatches slide 13% in December on chip shortage: SIAM
Israeli finance minister tests positive for coronavirus
We welcome beginning of Turkish-Armenian contacts - Deputy FM of Azerbaijan
Tsunami recorded in southwestern Japan, with waves of about 1.2 meters
20 attacks on healthcare facilities were committed during riots in Kazakhstan - Ministry of Health
CSTO peacekeepers will be withdrawn from Kazakhstan until January 19
10th century idol discovered in England, handed over to India
"Red level" of terrorist threat remains in three regions of Kazakhstan
Opening of Zangazur corridor to create new opportunities for region - Analysis
Representative delegation of Afghanistan arrived in Turkmenistan (PHOTO)
225 people die as result of riots in Kazakhstan
Azerbaijan to hold Technofest festival in 2022
Uzbekistan’s GDP grew by 7.4% in 2021 – President
Turkey eyes $35 billion in tourism revenues in 2022
Georgian Ministry of Health reduces quarantine period for fully vaccinated
Azerbaijan to hold auction for privatizing state properties
Baku Metro to receive four more new trains
Iran’s MOGPC could resume maximum crude oil extraction in short time
5.0-magnitude quake jolts eastern Iran
Iran’s Bahar Azadi gold coin price dips
IED found at Ghazipur flower market; defused, says report
Azerbaijan to hold Second Karabakh Economic Forum in 2022
Iran reveals COVID-19 data for January 15
World Bank continues digital development in Georgia
Turkmenistan considering purchasing road construction equipment from John Deere
Russia reports record high of 27,179 daily coronavirus cases since December 19
Georgia records drop in number of visitors from Turkmenistan
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 710 more COVID-19 cases, 260 recoveries
Former vice-minister of energy of Kazakhstan detained
Russian Rosselkhoznadzor expands list of livestock product suppliers to Uzbek market
Turkish company to build hybrid power plant in Turkmenistan
LUKOIL Uzbekistan Operating LLC opens tender for examination of calculations of production
President of Kazakhstan instructs to reform national security systems
Azerbaijan's offshore wind energy potential 20 times higher than installed capacity – deputy minister
Azerbaijan, Turkey eye holding joint digital transformation forum in late 2022
Iran's Oil Minister talks about energy plans with neighboring countries
Turkmenistan begins second stage of Balkan-Dashoguz power line construction
Number of flights from Iran’s Bushehr International Airport soars
Facebook's VR Oculus business probed by U.S. states
India better positioned to navigate any financial turbulence: UN body
Maruti Suzuki hikes vehicle prices by 4.3% to offset rise in input costs
India Inc says 'Aatmanirbhar Bharat' schemes help revive economy: Deloitte
Azerbaijan-Ukraine agreement in food safety to eliminate barriers between two countries
Georgia sees increase in cheese imports
Azerbaijan's pensioners to start receiving increased pensions following indexation
Iran’s NIORDC, Bank Mellat sign contract on transportation of oil products
Turkmenistan to launch construction of glycyrrhizic acid production plant
Weekly review of Azerbaijan’s energy market
Uzbek Central Bank notes increase in total assets of microcredit organizations
Chinese company intends to develop bilateral cooperation with Uzbek association
President Ilham Aliyev receives delegation led by Chief Executive Officer of American Jewish Committee (PHOTO/VIDEO)
Iran could become helium gas exporter in future - NIOC
Georgian Water and Power LLC announces tender on renovation works procurement in Tbilisi
Caspian Sea has huge potential for wind energy – Azerbaijani Deputy Energy Minister (VIDEO)
Passenger transportation via Iran's Abadan International Airport up
Georgia publishes COVID-19 data for January 15
U.S. households can order 4 free COVID-19 tests starting Jan. 19 - White House
State Social Protection Fund of Azerbaijan records increase in revenues
Uzbekistan shares domestic COVID-19 data for January 14
Georgia sees increase in visitors from Uzbekistan
IDB and OPEC Fund to finance construction of three ships for Turkmen fleet
Azerbaijani oil prices increase
Iran FM officially announces beginning of implementation of Iran-China long term deal
Iran to start construction of Persian Gulf Bridge
Iran begins new round of economic ties with Syria
Kazakhstan Railways opens tender to buy uninterruptible power systems
SOCAR Georgia Gas announces tender on construction, repair materials purchase
All news