23.10.24
Foreign investment in Uzbekistan since 2017 is expected to exceed $100 billion by the end of 2024. This forecast was announced at the meeting on localisation, public-private partnership and foreign investment in Uzbekistan’s economy chaired by President Shavkat Mirziyoyev, the press office of the President reported.
Over the past 7 years, the Republic has attracted over $78 billion, of which $23.66 billion were attracted in the first 9 months of 2024. During this period, 120 large-scale production facilities worth $4.6 billion were launched.
The authorities are set to maintain the current pace of investment activity. Currently, Uzbekistan is implementing 366 major projects worth $140 billion in various sectors. Equipment, raw and building materials worth $15 billion are imported annually as part of these investment initiatives. The focus is on increasing the share of domestic goods, particularly in the energy and mining sectors.
In accordance with the energy sector development programme, build 164 facilities worth $36 billion are to be built by 2030, of which 88 will be set up through public-private partnership.
In the mining industry, the programme worth $1.23 billion, providing for cooperation between local companies and large-scale enterprises, has been initiated. The automotive industry has a significant potential to develop, given an annual demand of auto parts worth $1 billion in neighbouring countries.
https://centralasia.news/30839-foreign-investment-in-uzbekistan-may-reach-100-billion.html