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Uzbekistan's Karakalpakstan sees growth in fixed capital investments

Business Materials 3 September 2021 17:35 (UTC +04:00)
Uzbekistan's Karakalpakstan sees growth in fixed capital investments

BAKU, Azerbaijan, Sept. 3

By Fakhri Vakilov – Trend:

The growth rate of the volume of utilized investments in fixed assets in Uzbekistan’s Karakalpakstan amounted to 0.8 percent in January through June 2021, compared to the corresponding period of the last year, Trend reports citing Uzbekistan’s State Statistics Committee.

In the total volume of investments, the share of investments in fixed assets financed from decentralized sources of financing amounted to 77.9 percent, and the growth rate was 9.7 percent compared to the corresponding period of the last year.

Accordingly, the share of investments in fixed assets financed from centralized sources of financing was 22.1 percent, and the growth rate was 78.4 percent compared to the last year.

In the context of regions of Karakalpakstan, the highest growth rate in the development of investments in fixed assets was observed in the Karauzak region, which increased by 85.8 percent. This is mainly due to the utilized foreign loans for the expansion of cement production.

Moreover, high growth rates were observed in the Beruniy region, which compared to the previous year amounted to 42.5 percent. This result can be attributed to the investment earned under the food production program.

The growth in the volume of investments in fixed assets in the Buzatovskiy district in comparison with the same period of the last year amounted to 38.9 percent, mainly due to foreign loans used for the development of animal husbandry.

The largest share in the volume of utilized investments in fixed assets in Karakalpakstan is noted in the city of Nukus - 21.5 percent, Muynak region - 17.9 percent, and Turtkul region - 10.3 percent.

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