Uzbekistan becomes increasingly attractive to investors

Tashkent is hosting the 150th anniversary Assembly of the Inter-Parliamentary Union. The program of the Assembly on April 7 included several important events. One of them was a panel session on the topic: "Sustainable economic growth, investments, development of green energy: current achievements and future plans."

Speakers participating in the panel session shared information about Uzbekistan's economic growth indicators and emphasized that the business environment in the country is steadily improving, which is attracting foreign investors. In particular, according to Erkin Gadoev, Chairman of the Senate Committee on Budget and Economic Issues, the volume of foreign investment attracted this year is expected to increase by 1.6 times compared to last year. He also noted that by 2025, the GDP per capita is planned to reach at least 40 million soums.

Additionally, Sharofiddin Nazarov, Chairman of the Committee on Budget and Economic Issues of the Legislative Chamber, spoke about efforts to increase the country's GDP. He highlighted that by 2030, the GDP per capita is expected to reach 5,000 USD. Last year, 242 medium and large-scale projects worth $10 billion were implemented. Bobur Bekmurodov, Chairman of the Committee on Entrepreneurship, Development of Competition and Industry of the Legislative Chamber, spoke about the progress made in transport, particularly in logistics.

Sayyora Abdikarimova, Deputy Chairwoman of the Senate Committee on Agricultural, Water Management and Environmental Issues, addressed the topic of climate change. She provided information on the work being done at the parliamentary level to protect the environment, combat climate change, improve the ecological situation, fight against drought, and develop a green economy. She also emphasized that more than 20% of arable land has been degraded.