BAKU, Azerbaijan, February 28. Uzbekistan has attracted foreign direct investment in the amount of $31 billion within the framework of the programs aimed atforcountry’s industrial field, President of Uzbekistan Shavkat Mirziyoyev told at a recent meeting on attracting investment and industrial development, Trend reports via the press service of the Uzbek president.
According to the statement, owing to the foreign direct investments Uzbekistan over the past 5 years was able to increase by 1.4 times the volume of industrial production, while exports of these products by 1.5 times.
During the meeting, Mirziyoyev said that an additional increase
of 1.5 times in industrial production and bringing the figure of
its exports up to $30 billion depends on $120 billion of
investment, including $70 billion of foreign investment.
Furthermore, in order to manufacture industrial products worth 10
trillion soums, by the end of 2023 Uzbekistan plans to launch 304
large and 3,000 regional projects.
Mirziyoyev also set a task to attract $11 billion of foreign direct investments and to establish contacts with the largest international financial institutions.
The president also emphasized the importance of launching new types of products in the textile, and leather industry, building materials, electrical engineering, food industry, pharmaceuticals, and jewelry.
Meanwhile, during the first month of 2023, Uzbekistan produced products worth 33.6 trillion soums ($2.9 billion) - an increase of 2.1 percent, compared to the figure for January 2022 (32.9 trillion soums or $2.8 billion).
In January 2023, the country produced refrigerators (19,800 units), buses (22 units), automobile engines (4,984 units), lead batteries (88,300 units), trucks (138), as well as 139,600 tons of gasoline, 31,500 tons of cotton yarn, 5.5 million liters of beer, and 116,500 tons of flour from soft wheat and spelled.