Foreign investments in Uzbek economy to increase 40%

April 15, 2008

Foreign investments in the economy of Uzbekistan are expected to comprise USD 5.4 billion this year (40% increase year-on-year), including USD 1.5 billion of foreign direct investments.

More than 80 investment projects should be implemented and over 30 objects worth a total of USD 1.4 billion launched by the year end using the foreign investments.

Last year, investments in the Uzbek economy increased by 23% to USD 4.3 billion.

More than 70% of those investments were used for construction of industrial objects, including almost 50% for modernization of enterprises.

Over 300 large investment projects were completed last year, and more than 700 new enterprises were created with participation of foreign investors.