The Institute of Macroeconomic and Regional Studies analyzed the efficacy of investment attraction in different regions of Uzbekistan. As per the report, Tashkent and Khorezm have attracted comparatively fewer investments relative to their contribution to GDP.
The study employed the Investment Productivity Index (IPI), indicating the alignment of cash injections with regional contributions to national development. A value of 1.0 signifies a successful strategy in attracting investments for sustainable development.
Over the first nine months, fixed asset investments reached UZS 226.6 trillion ($18.4bn), a notable 11.8% increase compared to the same period in the previous year. Foreign direct investment concurrently rose by 16%, reaching UZS 91.8 trillion ($7.4bn).
Syrdarya region secured the top spot in both IPI rankings, scoring 2 for investments in fixed capital and an impressive 3.93 for foreign direct investment, including loans. Bukhara followed in second place with IPIs of 1.67 and 1.78 for fixed capital and foreign investment, respectively. Jizzakh region rounded out the top three with IPIs of 1.48 and 1.65.
IMRS highlights that a high IPI for capital investment could result from creating opportunities for investors or the impact of strategic projects. Likewise, a high IPI for foreign investment indicates the potential for more efficient utilization.
Tashkent displayed significant variations in its rankings. While it shared 5th place in the IPI for fixed capital investments with 1.21, it ranked last in terms of IPI for foreign investments with 0.67. Conversely, the Tashkent region excelled in the IPI for foreign investment with a high score of 1.52. The Namangan region also entered the top five, scoring 1.35 for fixed capital and 1.26 for foreign investments.
Surkhandarya, Kashkadarya, and the Fergana region demonstrated optimal IPI levels for fixed capital investments (1.1 and 1.0, respectively). In the foreign investment category, aside from Tashkent, Khorezm (0.68) and Karakalpakstan (0.89) occupied the bottom positions, prompting IMRS to stress the need for increased focus on attracting foreign investments in these regions.
Above is the map of investment projects in Kyrgyzstan. As per the Investment Portal of Kyrgyz Republic, the country is traditionally strong in the agricultural sector. There are however other industries that possess huge development potential, such as hydroenergy, tourism, and textile processing.
The report of Kazakh Invest national company suggests that the mining and quarrying industry is the most popular among investors.
The data in the 4th and 5th columns on the table of investments to Tajikistan represents data for 202 and 2021 respectively. The last two columns represent the percentage change over the same period in the previous year.
IMRS underscores that the IPI solely assesses investment volume at the regional level, omitting considerations of their quality.
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