In the first seven months of 2023, Uzbekistan created 54,783 new enterprises, marking significant economic development in various sectors.
Here's a breakdown:
- Trade leads the way with 20,437 units.
- Industry follows with 8,944 units.
- Agriculture, forestry, and fisheries accounted for 6,135 units.
- Accommodation and food services constituted 3,484 units.
- The construction sector saw 2,966 units.
- Transportation and storage had 2,578 units.
- The information and communication industry reported 1,792 units.
- Healthcare and social services reached 858 units.
- Other types amounted to 7,589 units.
In an interview with Bekhruzbek Ochilov of Alkes Research, this type of economic diversification was highlighted as being a key to Uzbekistan's financial success. A diversified economy is a major contributing factor to many countries' economic strength and sustainability.
Earlier this year, the President of Uzbekistan, Shavkat Mirziyoyev, assigned the preparation of a $30 bn package to boost foreign investment in the country.
The plan includes directing $12.1 bn towards 1500 projects, accelerating 272 major projects worth $11.5 bn, providing infrastructure for 89 regional projects, and attracting $3 bn for new projects.
An individual "investment manager" will assist each foreign investor, and consulting firms have identified 2,000 promising projects in underdeveloped areas. The Ministry of Investments and Foreign Trade is tasked with formulating projects worth $30 bn by year's end, aiming to create 27,000 job opportunities and boost the economy.
These figures exclude farms and dekhkan farms
