President approved the Investment program for 2019

The presidential decree “On Measures to Implement the Investment Program of the Republic of Uzbekistan for 2019” was signed.

The document eyes to continue the active investment policy, to attract foreign direct investment for the implementation of strategically important investment projects on maintaining a technical and technological re-equipment of existing industries and to establish new high-tech industries taking into account the ongoing efforts and rational use of available resources, consequently, to ensure the public employment and improve their standard of living.

The State Committee for Investments of the Republic of Uzbekistan jointly with the Ministry of Finance, the concerned ministries, departments and other organizations have worked out the following Investment Program of the Republic of Uzbekistan for 2019:

•  main parameters of capital investments in 2019;

•  forecast of running social, residential, engineering and transport infrastructure facilities in 2019;

•  targeted program for the launch of facilities and production capacities in 2019, including the followings:

a) targeted program of construction and reconstruction of objects in 2019 funded by the State budget of the Republic of Uzbekistan;

b) below are funded by the centralized investments:

•  targeted program for the construction and reconstruction of land reclamation facilities, as well as procurement of equipment in 2019;

•  targeted program for the construction and reconstruction of roads, bridges and road transporters in 2019, as well as the procurement of facilities and equipment;

•  targeted programs of construction, reconstruction, overhaul and equipping of educational institutions of higher education, specialized boarding schools for Olympic reserves, children's music and art schools, medical, scientific, research, general and pre-school institutions in 2019;

•  targeted program on construction and reconstruction of drinking water supply and sewerage in 2019;

•  targeted program for the Development of the Aral Sea region by organizing the financing of projects in the Republic of Karakalpakstan and Khorezm in 2019;

c) targeted program of investment projects in 2019 attracting foreign loans under the state guarantee of the Republic of Uzbekistan;