According to a report by the United Nations Conference on Trade and Development (UNCTAD), Uzbekistan attracted a record $2.5 bn in foreign direct investments in 2022, Spot.uz has reported.
Global foreign direct investment flows decreased by 12.4% to $1.3 trillion in 2022. This decline was influenced by the armed conflict in Ukraine, high food and energy prices, recession risks, and the debt burden in many countries.
Foreign direct investment inflows to developed countries dropped by 37% to $378 bn. The decrease in investment flows is attributed to uncertainty in financial markets and the winding down of stimulus packages.
However, foreign investment flows to developing countries increased by 4% to a record $916 bn. Thus, developing countries accounted for up to two-thirds of the global foreign direct investment volume.
Foreign investment inflows to Central Asia increased by 39% to $10 bn, with most of the growth seen in Kazakhstan and Uzbekistan.
Uzbekistan attracted a record $2.5 bn in foreign direct investments, marking an 11% increase compared to 2021.
This achievement was mainly driven by a doubling of reinvested earnings.
Foreign investment inflows to Kazakhstan nearly doubled, surpassing $6.1 bn. Dutch and American multinational companies invested over $4.1 bn in Kazakhstan's extractive industries.
Earlier, Daryo.uz reported that Egyptian companies are investing $300 mn in city Jizzakh, Uzbekistan.
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