TASHKENT, Uzbekistan, December 22. Russia holds the largest share of foreign investments in Uzbekistan with 2,889 enterprises as of December 1, 2023, Trend reports.
According to the State Statistics Committee of Uzbekistan, the total number of active firms and organizations with foreign investments in Uzbekistan reached 13,353 in the first 11 months of 2023, highlighting the growing global interest in Uzbekistan's commercial potential.
China, with 2,125 firms, is the closest competitor to Russia. Türkiye ranks third with 1,802 businesses, followed by Kazakhstan and South Korea with 994 and 703 businesses, respectively.
Meanwhile, the share of investments and loans from Russia for the development of Uzbekistan’s economy amounted to approximately $2.9 billion from January through September 2023
As per data provided by Uzbekistan’s State Statistics Committee, the recorded number comprises 15.9 percent of the total foreign investments, thus making Russia the top second country among those investing in Uzbekistan.
According to the agency, investments and loans from the Russian Federation constituted 20.3 percent of the total foreign investments in the country in 2022, which translates to roughly $2 billion, standing as the biggest figure among all investing nations.