Experts from the Uzbek Institute for Forecasting and Macroeconomic Research (IMPI) analyzed and annouced the results of measures taken in 2017-2022 in order to attract foreign investment to Uzbekistan, Nova24.uz reports.
In the past few years, Uzbekistan has pursued a policy of openness, removing various barriers to business and investment. The country closely cooperates with such major international financial institutions and organizations as the World Bank, the Asian Development Bank, the Islamic Development Bank, the European Bank for Reconstruction and Development, the Asian Infrastructure Investment Bank, the Institute reports.
As a result of an active foreign policy, the geography of countries inverting into the economy of Uzbekistan is expanding. By 2022, the number of stable investing countries-investors has grown to 50, with Russia, China, Turkey, Germany and South Korea occupying the leading positions.
The volume of inflow of foreign investments and loans by the end of 2022 increased to $9.8 billion compared to $3.3 billion in 2017, or almost 3 times. As a result, the share of foreign investments and loans in the total volume of investments in the economy increased from 23.8% to 40.5%.
In turn, if in 2017 the volume of foreign direct investment and loans to the economy amounted to $2.5 billion, then by 2022 this figure increased by 3.4 times and reached $8.5 billion, and their share in total investment increased from 17.7% to 35.4%.
The number of enterprises and organizations with foreign investment is also increasing every year: if in 2017 there were 5.5 thousand enterprises with foreign capital, by 2022 their number reached 15.8 thousand, of which 6.4 thousand are joint ventures, and 9.3 thousand are completely foreign.
Of the total number of enterprises with foreign investment, 30.5% operate in trade, 27.5% in industry, 8.0% in construction, 4.8% in agriculture, 4.1% in housing and public catering, 2.9% - in the field of transportation and storage, 4.8% - in the field of information and communications, 17.4% - in other industries.
CentralasianLIGHT.org
February 7, 2023