Regional & International Cooperation

Uzbekistan to hold Tashkent International Investment Forum

On January 27, President of Uzbekistan Shavkat Mirziyoyev held a government meeting on the organization of the Tashkent International Investment Forum due in March, the president’s official website reported.

In recent years, the investment climate in Uzbekistan has improved significantly. The influx of investment considerably increased last year — the Year of Active Investments and Social Development. The volume of foreign direct investment amounted to $4.2 billion, which is $3.1 billion as much as in 2018.

During his address to parliament last week, the head of state said that an active investment policy will be consistently continued this year in order to develop the economy at a fast pace. In particular, it is planned to attract $5.8 billion of foreign direct investment in the economy this year. The Tashkent International Investment Forum would serve this end.

The main goal of the forum is to attract foreign direct investments in the driver sectors of the economy like energy, engineering, electrical engineering, information technology, textile, agriculture and food industries, construction sector, as well as in the regions of the country.

The government meeting identified specific tasks for holding the event at a high organizational level.

In particular, the Ministry of Investment and Foreign Trade has been instructed to prepare, together with regional leaders, presentation materials on promising projects to be offered to foreign investors.

The president stressed the need to pay special attention to establishing direct partnerships between local producers and foreign investors in implementing regional programs.

The Ministry of Foreign Affairs has been tasked with inviting representatives of leading foreign companies, international financial organizations and the media to the forum.

Source: Times of Central Asia

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