In­vest­ment Flows

Uzbek­istan plans to at­tract more than $ 3.5 bil­lion in for­eign in­vest­ment in 2019.

Uzbekistan Today (English) - - REGIONS -

If by the end of 2017, the vol­ume of for­eign di­rect in­vest­ment in other sec­tors of the econ­omy (ex­clud­ing the vol­ume of Uzbekneftegaz) de­creased by more than twice com­pared to 2016 and amounted to $ 423 mil­lion, then by the end of 2018 the growth of this in­di­ca­tor (ex­clud­ing Uzbekneftegaz) is ex­pected to be more than 4.2 times up to reach $ 1.7 bil­lion, and in 2019 it is ex­pected to dou­ble to reach $ 3.5 bil­lion.

Such in­di­ca­tors have been achieved through the im­ple­men­ta­tion of car­di­nal mea­sures aimed at im­prov­ing the eco­nomic sit­u­a­tion in the coun­try and lib­er­al­iz­ing leg­is­la­tion in the field of en­tre­pre­neur­ial ac­tiv­ity.

Spe­cial­ists of the State In­vest­ment Com­mit­tee are con­fi­dent that with the cur­rent scale of the econ­omy of Uzbek­istan and its com­par­i­son with de­vel­op­ing and tran­si­tion economies, the an­nual vol­ume of for­eign di­rect in­vest­ment should be in the range of $ 4-12 bil­lion.

Over the past 20 years, the vol­ume of for­eign di­rect in­vest­ment and non-guar­an­teed loans in the econ­omy of Uzbek­istan amounted to $ 25.3 bil­lion, of which $ 11.8 bil­lion (47%) were at­tracted over the past 5 years.

The av­er­age an­nual vol­ume of in­vest­ments mas­tered in the re­pub­lic re­mains at the level of $ 2-2.5 bil­lion (less than 4% of GDP), which is lower than the av­er­age for coun­tries with tran­si­tion economies ($ 3.4 bil­lion), as well as data from in­di­vid­ual CIS coun­tries (Kaza­khstan – $ 15- 20 bil­lion, Azer­bai­jan – $ 5-8 bil­lion, Be­larus – $ 3-6 bil­lion).

Over the past 5 years, for­eign di­rect in­vest­ment was at­tracted mainly to the oil and gas in­dus­try (73%), elec­tric power in­dus­try (2%), to the field of in­for­ma­tion tech­nolo­gies and com­mu­ni­ca­tions (6%), re­main­ing in­signif­i­cant in other sec­tors of the econ­omy. For ex­am­ple, in the light and tex­tile in­dus­try it is about 1%, the au­to­mo­tive in­dus­try has 0.2%.

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