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NEWS

Uzbekistan draws foreign investments worth $2 bln for nine months

5 November 2012

http://en.trend.az of 11/5/2012 - The total amount of foreign investments and loans attracted in Uzbekistan in the January-September 2012 amounted to $2 billion. Around $ 1.6 billion were mastered (the sum increased by 9.6 per cent compared to the same period of 2011). Around 1.3 billion of this amount fell to the foreign direct investments.

This was stated in a joint statement of the Ministry of Economy and the State Statistics Committee of the country on "Results of socio-economic development of the Uzbek Republic for the first nine months of 2012" published in the official media.

According to the report, the total amount of investments made in fixed assets from all sources from early 2012 amounted to 15.3 billion soums (the sum increased by 9.8 percent).

"The measures of stimulating the investment activity of economic entities and population have contributed to the growth of investment volume from own funds of enterprises by 10.3 percent, the population's funds - 23.6 percent," the report said. "Increasing the funds from the Uzbek Fund for Reconstruction and Development by 1.5 times accelerated the implementation of major strategic industrial and infrastructure projects."

Around 106 investment projects have been implemented since early 2012. The expansion and renovation of the Kalmakir mine, the creation of a new complex for the production of trucks and components in the Samarkand region (the second stage - the assembly line), organizing the LCD-TV production at White Machine Technology joint venture, reconstruction of the passenger terminal of the airport in Navoi and a number of other projects are among them.

Around 155 new facilities using local raw materials and components, including - those producing 45,000 cubic meters of foam products in Andijan, Kashkadarya and Syrdarya regions, 72,000 square meters of laminate in the Tashkent region, 50,000 tons of cement in the Fergana region, two million square meters of drywall, 70,000 panels and 64,000 square meters of modern coatings in Tashkent, 19 brick production facilities with a capacity of 102.3 million pieces have been commissioned within the territorial regional development programs of building materials.

In general, around 882 production facilities, including those in light industry - 337 facilities, food industry - 234 facilities, the building materials industry -189 facilities, woodworking - 46 facilities, engineering 14 facilities, chemical industry - 16 facilities, other sectors - 46 facilities have been commissioned since early 2012.