TASHKENT, Uzbekistan, January 23. The share of Russia's investments and loans in 2023 in Uzbekistan's economy fell to 13.4 percent of total foreign investments in the country a year earlier (20.3 percent), Trend reports.
The data from Uzbekistan's statistics agency shows that the volume of Russian investments in Uzbekistan amounted to 25.1 trillion soums ($2 billion) last year. This is the second-highest figure among investor countries.
China tops the list (25.6 percent), and Saudi Arabia (7.9 percent) is also in the top three.
The total amount of foreign investments and loans directed to Uzbekistan's fixed capital increased 1.53 times in 2023 year-on-year to 187.9 trillion soums ($15.2 billion), or 53.4 percent of all investments in the country's economy.
According to the agency, the total volume of investment in fixed capital in Uzbekistan grew by 22.1 percent to 352.1 trillion soums ($28.4 billion) in 2023.
Earlier, the state agency also reported that Russian businesses created 745 enterprises in Uzbekistan in 2023; this is also the second indicator after China among the countries whose companies have created enterprises with foreign investment in the country. Uzbekistan has 3,044 enterprises (21.7 percent of the total number of operating enterprises) with the participation of Russian business as of January 1, the best indicator among investor countries.
Meanwhile, trade turnover between Russia and Uzbekistan amounted to $9.8 billion. Exports accounted for $3.3 billion and imports for $6.5 billion.