On March 31 of this year the President of the Republic of Uzbekistan signed the Decree “On the formation of the State Committee of the Republic of Uzbekistan for Investments”. In accordance with the Decree, the new committee, being an authorized state body, will be responsible for coordinating the formation and implementation of a unified state investment policy and attracting foreign investments.
The State Committee for Investments is formed to fully implement the investment potential of the Republic of Uzbekistan, further improve the investment climate, create the most favorable conditions for attracting foreign investment, expand cooperation with international financial institutions, leading foreign companies and banking structures, as well as Increase of efficiency of attracted foreign investments.
The State Committee for Investments will become a part of the complex of Cabinet of Ministers for development of territories and communal sphere, transport, capital construction, construction industry.
The nomenclature of the committee will include the posts of the Counsellors on trade and economic issues of diplomatic representations of Uzbekistan abroad and the permanent representative of Uzbekistan in international and foreign financial institutions that will be appointed and dismissed by the order of the chairman of the State Committee of the Republic of Uzbekistan for Investments upon agreement with the Cabinet of Ministers of the Republic of Uzbekistan .