Sunday22 December 2024
centralasiabusiness.com

Uzbekistan aims to attract $43 billion in investments and launch hundreds of new projects by 2025.

Uzbekistan, Tashkent – According to AN Podrobno.uz, President Shavkat Mirziyoyev held a meeting on December 19, where he reviewed the investment performance for 2024 and outlined the key objectives for the upcoming year, as reported by a Podrobno.uz correspondent.
Узбекистан нацелился привлечь 43 миллиарда долларов инвестиций и запустить сотни новых проектов к 2025 году.

During the meeting, it was noted that in 2024, investment in Uzbekistan's economy increased by 1.3 times, exceeding 36 billion dollars. A total of 560 large and medium projects have been put into operation, amounting to 70 trillion sums, which lays the groundwork for a one billion dollar increase in exports next year.

The Minister of Investments, Industry, and Trade presented ambitious plans for 2025. It is expected to attract 43 billion dollars in investments, enabling the implementation of over 300 major projects and the launch of production for 662 new types of products that can compete with imports.

The President emphasized the importance of targeted work with foreign investors, creating favorable conditions for them, and ensuring strict oversight of the implementation of agreements.

Currently, work is ongoing on 1,890 projects. Responsible leaders have been appointed to expedite their implementation.

Furthermore, the meeting addressed issues related to foreign trade. Given the challenging international environment and declining demand in key export markets, success requires full mobilization of domestic resources. The President set a goal to double the export volume by 2030, bringing it to 45 billion dollars.

To achieve this goal, it is essential to timely launch investment projects, increase the production of high value-added goods and services, and expand export markets.

The President also instructed responsible individuals to ensure the accomplishment of set tasks and to organize work effectively on the ground.

It is worth noting that remote areas of Uzbekistan will receive investments and new job opportunities.