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    Finance

    Uzbekistan's industry development sees investments of over $9.3bn

    Uzbekistan's industry development sees investments of over $9.3bn

    In the first nine months of this year, Uzbekistan has experienced a notable surge in industrial production, marking a 5.7 % increase, as reported by the Institute of Macroeconomic and Territorial Studies. This positive growth trend aligns with a substantial rise in investments dedicated to industry development, reaching an impressive UZS 113.2 trillion (over $9.3bn). These investments constitute almost half of the total investments in the country's economy, accounting for 49.9 %.

    Source: Aniq.uz

    Elvira Bikeeva, Chief Scientific Officer of MHTI, highlighted the significant growth in investment volume, emphasizing a remarkable 6.2 % age points increase compared to the same period last year. The distribution of these investments reflects a diversified approach, with the mining sector witnessing a 9.9 % increase, the manufacturing industry experiencing a substantial 28.9 % rise, and the energy supply sector recording a notable 7.9 % upswing.

    Examining the efficacy of direct and indirect regulatory mechanisms, as well as targeted support, reveals promising results. The mining industry achieved a production stabilization rate of 100.4 %, signaling a consistent level of output. The energy supply sector maintained a growth rate of 108.9 %, indicating positive momentum, while the manufacturing industry saw an increased production rate of 106.4 %.

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    15.11.2023, 12:46   Comments (0)   1164
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