President Mirziyoyev holds a meeting on improving efficiency of investment projects

As the press service of the head of state, 442 projects launched in recent years are working with a partial load. An on-site study showed that 238 of them have problems sourcing raw materials and entering markets, 115 projects have faced credit-related problems, 35 projects have infrastructure issues. The regional khokims have been instructed to assist entrepreneurs in solving these problems. The Ministry of Investment and Foreign Trade has been tasked with launching 139 large and 3,000 regional projects by the end of the year.

The head of state stressed that each invested soum should have an economic effect and serve the interests of the people. In this regard, the intended use and effectiveness of loans taken under the projects will be taken under strict control.

The main focus in industrial projects is on the production of modern, competitive, in-demand products. Therefore, advanced foreign technologies have been purchased for them. It was noted at the meeting that more than 270 lines of equipment imported this year have not yet been installed. The need to simplify procedures and speed up the commissioning of equipment was indicated.

“Shavkat Mirziyoyev at meetings with voters before the presidential elections said that a new system for the implementation of investment projects would be introduced. For this, it is planned to create regional project groups and holding companies in each region. These new structures will become business partners of entrepreneurs. They will support entrepreneurs on issues such as developing a business idea, attracting investors and bringing projects to full capacity. The head of state instructed executives to organize effectively this new system in a short time,” the report reads.

The President also stressed that the activity of ambassadors in foreign countries is important in increasing the volume of foreign investments and exports. The heads of regions and industries were instructed to develop promising projects and interact with ambassadors during their implementation.

Deputy PMs, ministers and khokims provided information on the issues discussed.