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NEWS

Uzbekistan plans to master $ 3 billion in foreign investments in 2013

13 December 2012

www.trend.az of 12/13/2012 - According to the state investment program approved by the country's president, Uzbekistan plans to master foreign investments in the amount of $3.017 billion for 151 investment projects in 2013.

Some $836.5 million of the total planned amount of investments will be reserved for 56 projects and come from foreign loans guaranteed by the government, while the remaining $2.18 billion will come through direct foreign investment and will go to 95 planned projects.

The largest volume of foreign investments, 2.002 billion that is allocated for 34 projects, has been designated for exploitation in the energy sector, including the use of $1.724 billion of direct investment from foreign companies for 22 projects.

In particular, in 2013, Russian oil company Lukoil will invest $678.5 million within two PSAs with total a cost of $ 4.3 billion in Uzbekistan.

A consortium of Korean companies led by Kogas will continue the construction of the Ustyurt gas-chemical complex with a total cost of $ 4.1 billion in the north-west of the country. Next year, $602.3 million of foreign investment is planned to be invested in the project.

China's CNPC will invest $260 million in the construction of the third line of the Uzbek section of the Central Asia - China gas pipeline with total cost of $ 2.1 billion.

Previously, it was reported that the investment program for 2012 envisages development of foreign investment in the amount of $3.198 billion.

According to official statistics, in 2011, the volume of exploited foreign investments increased by four per cent, reaching $ 2.9 billion, while direct investments decreased by 4.2 per cent, to $ 2.3 billion. The share of foreign investments in the total capital of investments in the economy amounted to 25.1 percent last year compared to 28.8 percent a year earlier.