The volume of foreign direct investment has increased 2.4 times

The Ministry of Investment and Foreign Trade of the Republic of Uzbekistan provided a report on attracted direct and used investments for the past 2019.

According to the results of the first five months of 2019, the volume of direct foreign investments was $ 2.5 billion, or 40% of the year’s forecast, and in the first half of the year, this figure is expected to be $ 3.7 billion, or 52% of the year’s forecast. At the same time, compared to the same period of 2018 ($ 618.2 million), the net growth in the volume of development will exceed $ 3.06 billion (an increase of 5.9 times).

MIVT notes the growth of investment activity in industries and areas that are not related to areas traditionally recognized to attract foreign direct investment, such as, in particular, the oil and gas sector.

The growth of foreign direct investment is more than 2 times observed in the metallurgical industry (2.4 times compared to 2018), the textile industry (2.7 times), the production of food products (3.1 times), the pharmaceutical industry (6.3 times).

The Ministry also notes the growth in foreign direct investment in projects of regional subordination, which increased 4 times compared with the figures for 2018.