BAKU, Azerbaijan, Jan. 29
By Klavdiya Romakayeva - Trend:
Uzbekistan implemented 202 trillion soums ($19.3 billion) of investments in fixed assets in 2020, which is 8.2 percent less than in 2019, Trend reports referring to the State Statistics Committee of Uzbekistan.
At the same time, the investments at the expense of the own funds of enterprises and the population amounted to about one third of the total volume.
According to the State Statistics Committee, the total volume of investments in 2020 was formed from centralized investment, including Water Supply and Sewerage Development Fund - two trillion soums ($191 million), Republican budget – 13.8 trillion soums ($1.3 billion), Fund for Reconstruction and Development – 1.9 trillion soums ($181 million) and foreign loans guaranteed by Uzbekistan – 22.5 trillion soums ($2.1 billion).
As for decentralized investments implemented in 2020, they include funds of enterprises - 52 trillion soums ($5 billion), funds of the population - 18 trillion soums ($1.7 billion), non-guaranteed and other foreign investments and loans – 35.4 trillion soums ($3.4 billion), commercial bank loans and other borrowed funds – 28.5 trillion soums ($2.72 billion) and direct foreign investments – 28.7 trillion soums ($2.73 billion).
It was noted that the highest indicators and growth rates by sources of financing investments in fixed assets were noted for non-guaranteed and other foreign investments and loans reaching 63.2 percent.
According to the information, the increase in financing investments in fixed assets is associated with large investment projects, in particular, the organization of launching and production of cement, electronic gas meters, yarn, medicines in the form of infusion and injection solutions, the construction of a mine for the extraction and processing of gold-bearing ores from the Auminzo-Amantai ore field - stages I-II, Muruntau open pit development (Stage V) - Stage I, construction of a complex for processing industrial waste - Stage I-II, construction of the Tashkent Metallurgical Plant.
However, there was a decrease of 32.7 percent in terms of foreign direct investment compared to 2019. This can be explained by investment activity in 2019 in such projects as the organization of cement production, the construction of a five-star Hilton hotel and Congress Hall on the territory of the Tashkent city IDC, the construction of a metal processing plant, a textile factory and others.
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