NEWS AND EVENTS
February 27, 2013
Uzbekistan attracts US$11.7bn of investments in 2012
Uzbekistan attracted investments for US$11.7 billion in 2012, the material of the Ministry of Foreign Economic Relations, Investment and Trade of Uzbekistan (MFERIT).
According to the MFERIT, over 22% of investments or US$2.5 billion were foreign investments, of which 79% were direct.
The publication said that Uzbekistan plans to speed up and expand modernization of industries in 2013. It is planned to implement 370 projects. As Uzbek leader stated 25% of allocated US$13 billion to finance these projects will be foreign investments.
The ministry said that strengthening investment image of Uzbekistan abroad will be one of main tasks for 2013. It added that provision of full, transparent and up-to-date information to investors will be key issue. It is planned to create single investment projects database, the ministry said.
The publication said that Uzbekistan will continue work on organization of business forums, presentations, seminars, and other events to inform business circles on investment climate in the country.
It said that free industrial zones Navoi and Angren became important projects in attracting investments. Taking into account positive experience, Uzbekistan plans to create free industrial zone Jizzakh. (Source:UzDaily.com).