The results in the field of investment were critically analyzed

On November 27, President Shavkat Mirziyoyev held a meeting to discuss the current state of attracting foreign investment and plans for the next year, the press service of the head of our state reports.

Over the past 10 months, our country has attracted more than $26 billion in foreign investment, which is 1.7 times more than last year. Of this amount, about $24 billion are direct investments.

These funds made it possible to launch 6.3 thousand new enterprises, create added value in the amount of 30 trillion soums and increase exports by $305 million. It is especially important that 163 thousand high-paying jobs were created thanks to investments.

Another $8.6 billion in investment is expected to be attracted by the end of the year.

At the meeting, which was held in a critical spirit, the results of attracting investment and implementing projects in the context of regions and industries were comprehensively analyzed.

Thus, in eight districts and cities, investment indicators remain low, and in some sectors there is a decrease compared to last year. The implementation of a number of projects carried out jointly with international financial institutions is progressing slowly. In particular, the development of project documentation and tenders are being delayed for 17 projects.

The responsible persons presented information on the projected results by the end of the year and plans for 2025.

The President noted that it is necessary to increase the investment activity of the regions and radically change approaches to work in this area. For example, the European Bank for Reconstruction and Development, taking into account the positive changes in the country’s business environment and the pace of economic growth, expressed its readiness to finance projects with the participation of the private sector.

It was emphasized that the regions should effectively use such opportunities and independently attract financial resources. It is also necessary not only to increase the volumes, but also to improve the quality of investments. That is, every dollar attracted should serve the development of industry, the creation of new jobs, and the growth of export potential.

At the meeting, an order was given to once again review the volumes and directions of attracting funds from international financial institutions and foreign government financial organizations. The task has been set to identify specific projects for 2025, including those based on public-private partnerships and with the participation of private investment, across industries and regions.