TASHKENT, Uzbekistan, February 20. Uzbekistan plans to absorb foreign investments worth $7.1 billion in the first quarter of 2024, Trend reports.
Uzbekistan has adopted a resolution on measures to implement investment projects in the first quarter of 2024.
According to the document, the volume of direct foreign investments will amount to $6.5 billion, and loans attracted under the guarantee of the government - $630 million.
The resolution notes that the Ministry of Energy will implement $1.68 billion in investments from January through March 2024, Almalyk Mining and Metallurgical Combine - $331 million, Uzbekneftegaz - $254.1 million, and Navoi Mining and Metallurgical Company - $220 million.
Tashkent plans to implement $428 million in investments, Namangan region - $329.4 million, and Fergana region - $327 million.
Meanwhile, Uzbekistan has attracted more than $22 billion of foreign investments in 2023.
The figure was revealed in an annual report, discussed at a recent government meeting. The report also included measures planned for 2024 to implement investment policy.
In particular, the report said the volume of foreign investments increased 1.8 times in 2023 year-on-year.