Uzbekistan plans to attract $6.8 billion foreign investment in 2019

On May 30, a joint meeting of the Senate of Oliy Majlis committees on international relations, foreign economic relations, foreign investments and tourism and the committee on budget-economic reforms was held.

During the meeting, the report of the Ministry of Investment and Foreign Trade on the work performed in the first quarter of the year was heard.

The work carried out by the Ministry was discussed in detail. In particular, in 2019, it is envisaged to attract $6.8 billion of foreign investment and loans, that is, compared to 2018, 1.2 times more.

The development plan for 345 industry investment projects in the current year is $7.8 billion, in January-March 2019 - $2,193.3 million or in relation to the established plan of the reporting period ($1,171.4 million) 187.2% and annual target figures - 28%.

In addition, during the meeting it was noted that in order to create a direct investment fund a draft resolution of the Cabinet of Ministers, agreed with the responsible ministries and departments, was developed and submitted to the government.