The event was attended by President of the European Bank for Reconstruction and Development Odile Renaud-Basso, heads of such leading companies and banks as Suez, Calik Holding, Cengiz Enerji, Halyk Bank, VEON Group, TBC Bank , Abu Dhabi Development Fund, ACWA Power, Zeppelin International AG, EDF, AME International, CNH Industrial, Youngone Corporation, Procter & Gamble, Mitsui, Sojitz Generation DMCC, KIA Motors, General Electric, John Deere, Silverleafe, Knauf, White & Case, as well as representatives of international financial institutions – the World Bank, the International Finance Corporation, the Asian Development Bank and the Islamic development bank.
The Council of Foreign Investors was established in accordance with the decree of the President of the Republic of Uzbekistan dated November 13, 2019, its main task is to advise the government of Uzbekistan in the most important areas of investment, industrial, technological and innovative development of the country based on the most successful experience and achievements of world practice.
At the first session of this consultative and advisory body, issues of further expansion of long-term and mutually beneficial investment cooperation, implementation of specific cooperation projects in our country in priority areas of cooperation were discussed.
In his speech, the head of our state noted the special significance of today’s meeting against the backdrop of serious crisis phenomena at the global level, in the face of a growing demand for close cooperation based on mutual trust and respect.
It was emphasized that in recent years Uzbekistan has been implementing large-scale reforms, one of the priorities of which is to ensure the openness of the national economy and create the necessary conditions for its integration into the international market.
Thus, the foreign exchange market was liberalized, the opportunities for the activities of private investors in the fields of energy, geological exploration, chemistry and petrochemistry, medicine, education and others were expanded.
Revolutionary decisions have been made to support private entrepreneurship. More than 200 types of licenses and permits have been canceled in this area. The tax burden on business has been reduced, and the most comfortable conditions for foreign investment are being created.
As a result, despite the pandemic and the difficult situation on world markets, we managed to maintain and continue the positive dynamics of economic growth. Over the past five years, the inflow of foreign investment into our country has increased 10 times, its volume has reached almost $40 billion.
