Important economic directions were analyzed and additional opportunities were indicated

On October 22, President Shavkat Mirziyoyev held a meeting on localization, development of public-private partnerships, and attracting foreign investment, the press service of the head of our state reports.

A lot of work is being done in these areas that drive the economy. Over the past seven years, our country has received more than $78 billion in foreign investment. A law on public-private partnerships has been adopted, and over a thousand projects have been launched. The production of 1,800 types of new products has been established.

At the same time, the potential is still enormous. Each of these areas was analyzed at the meeting, and additional opportunities were identified.

Currently, 366 major projects worth $140 billion are being implemented in all industries. Within the framework of investment projects, equipment, raw materials, and construction materials worth $15 billion are imported annually. It was noted that the share of local products can be increased in each project.

Such opportunities exist in large industries of our country. For example, in accordance with the program for the development of the energy sector until 2030, 164 energy facilities worth $36 billion will be built. Of these, 88 are based on public-private partnership.

A program for 1 billion 230 million dollars has also been adopted in the mining industry. Local enterprises are tied to large industrial plants on a mutually beneficial basis.

There are also many untapped opportunities in the automotive industry. In neighboring countries, the annual demand for auto parts is 1 billion dollars.

It was noted that when localizing, special attention should be paid to the production of products that are competitive in both price and quality, as well as increasing exports.

The need to form specific projects in these areas and turn opportunities into results was emphasized. Proposals were made to develop cooperation between industries and regions, to increase the share of domestic products and services in public procurement.

Recently, investment projects worth 30 billion dollars were approved based on public-private partnership. In particular, programs for 10 billion dollars are envisaged in the transport sector, 6 billion dollars in the social sector, and 5 billion dollars in the utilities sector.

The tasks of attracting investors to these projects and the effective allocation of funds were noted.

The dynamics of foreign investment and future plans were also considered at the meeting.

For the first nine months of this year, $23 billion 660 million in foreign investment was received. Also, 120 large production facilities worth $4 billion 600 million were launched.

This pace will be maintained until the end of the year. Thus, it is expected that the total amount of foreign investment attracted in 2017-2024 will exceed $100 billion.

At the meeting, the responsible persons presented information on plans for the implementation of the tasks set.