NEWS AND EVENTS
December 28, 2010
Uzbekistan to invest US$30.075bn into industry in 2011-2015
The Government of Uzbekistan will invest about US$30.075 billion to development of industry in 2011-2015. This is envisaged in the resolution of the Uzbek President “On priorities of development of industry in Uzbekistan in 2011-2015”.
The presidential resolution approved programme on priorities of industrial development of Uzbekistan for 2011-2015.
The programme includes 259 projects with total cost of US$30.075 billion. The document includes both projects realized in Uzbekistan and prepared to implementation.
Within programme, Uzbekistan is planning to invest about US$23/05 billion to new construction, US$5.242 billion to projects on modernization and reconstruction of existing enterprises and US$1.783 billion to projects of technical and technological re-equipment.
The government is planning to attract US$20.449 billion of foreign investments and loans for projects’ implementation. Local companies will invest US$6.284 billion to the projects. The volume of loans of Fund for Reconstruction and Development of Uzbekistan will make up US$2.207 billion and commercial banks of Uzbekistan – US$1.084 billion.
The resolution also approved 99 new investment projects, which are under development now, with total cost of US$6.446 billion (projects of new construction – US$4.265 billion and projects on modernization and re-equipment of capacities – US$2.18 billion).
The document includes 158 perspective investment projects with preliminary cost of US$10.98 billion in various sectors of industry.
The project implementation will allow to ensure industrial growth in the country from 8.3% in 2011 to 11.8% in 2015. The volume of industrial goods production will grow from 30.748 trillion soums to 50.412 trillion soums.
Adopted measures, according to forecasts, will help to increase share of industry in GDP of Uzbekistan from 23.9% to 28%. Share of ready products in total volume of industrial output will increase from 50.6% to 61.2% and total export volume – from 51.1% to 71.8%.