The number of countries investing in Uzbekistan's economy has increased to fifty

The number of countries investing in Uzbekistan's economy has increased to fifty
  • 3
  • 07.02.2023 14:26:00
  • 2 min read

Various barriers to business and investments have been removed in our country, and an open and strict policy is being pursued. This was an important factor in establishing close cooperation with major international financial institutions and organizations such as the World Bank, the Asian Development Bank, the Islamic Development Bank, the European Bank for Reconstruction and Development, and the Asian Infrastructure Investment Bank.
As a result of active foreign policy, the geography of countries investing in our republic is also expanding. By 2022, the number of countries investing in our economy will increase to 50. Countries such as Russia, China, Turkey, Germany, and South Korea are leading among them.

According to the analysis of the experts of the Institute of Forecasting and Macroeconomic Research, the volume of foreign investments and loans to our country amounted to 3.3 billion US dollars in 2017, and by the end of 2022, this indicator has tripled to 9.8 billion US dollars. . As a result, the share of foreign investments and loans in total investments increased from 23.8 percent to 40.5 percent.

At the same time, the volume of foreign direct investments and loans amounted to 2.5 billion US dollars in 2017, and by 2022 it increased 3.4 times and reached 8.5 billion US dollars. Their share in total investments increased from 17.7% to 35.4%.

The number of enterprises and organizations with foreign investments is also increasing year by year. Let's say that in 2017 there were 5.5 thousand, and by 2022, their number will reach 15.8 thousand.

6.4 thousand of them are joint ventures, 9.3 thousand are wholly foreign enterprises. 30.5% of enterprises with foreign capital are trade, 27.5% are industry, 8.0% are construction, 4.8% are agriculture, 4.1% are accommodation and catering facilities, 2.9% are storage and transportation, 4.8% work in communication and information fields, 17.4% work in other fields.
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Source: UzA

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