President Shavkat Mirziyoyev familiarized himself with a presentation on drawing foreign investment in Q1 and priority goals for the next quarter, the presidential press service said.
Reportedly, over $8.7 billion in foreign investment was disbursed in the first three months of this year, which is by 20% more than in the same period last year.
The funds have been contributed to implement projects in the energy, metallurgy, chemical and pharmaceutical industries, transport, agriculture and water management, as well as in the utilities and social areas.
Over $18 billion in foreign investment is expected to be disbursed in the first year-half, and in general for 2025 - $42 billion. It is planned to implement 81 large projects, as well as more than 8,000 medium and small ones.
Shavkat Mirziyoyev instructed to ensure a targeted approach to each project with the involvement of relevant ministries, departments and mayor offices, as well as to promptly resolve emerging issues.
According to him, priority attention should be given to the rapid launch of new projects, diversification of industry and creation of high-income jobs.
In an interview with the Uzbekistan 24 TV channel, Minister of Investment, Industry and Trade Laziz Kudratov said that the goal had been set to disburse a record $10 billion in investments in the second quarter. In his opinion, "this figure is achievable, but it will require persistent and systematic work from us to create the most favorable conditions for all project initiators."
"Instructions have been given to speed up processes related to the allocation of land for investment projects and the execution of various permitting procedures, resolving issues related to the approval of decisions of the government and the president," he said.
The head of state instructed the departments of the Presidential Administration and the leadership of the Cabinet of Ministers to continue "targeted and pinpointed" work with investors to launch projects on time. According to the minister, the main goal is to create new jobs, additional opportunities for export, and to increase the well-being of the public.
