Uzbekistan to raise $7.5bn FDI in 2021, says President Mirziyoyev
Mirziyoyev urged to take specific, targeted measures to attract investments, ensure forecast export indicators, and ramp up the production of import-substituting products.
The Uzbek government is intending to carry out 226 major projects and raise some $7.5 bn worth Foreign Direct Investments (FDI) to deal with the economic uncertainties in 2021. Challenges in the field of investment and foreign trade in the forthcoming year were under scrutiny at a regular meeting chaired by President Shavkat Mirziyoyev on Wednesday.
Mirziyoyev urged to take specific, targeted measures to attract investments, ensure forecast export indicators, and ramp up the production of import-substituting products.
He set the task to implement 69 new promising industrial projects, thereby creating additional reserves for economic growth. Special attention is set to paid to the chemical industry, energy, geology, electrical engineering and light industry as these areas are considered as the main driver of the economy.
The volume of exports in 2021 is expected to reach $17bn. With this in mind, the responsible persons were instructed to conclude export contracts in advance and to establish a system of pre-export financing at the expense of the Export Support Fund from January 1.
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