• Sign in
  • 1744009905_435.svg 1744009905_642.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12834.61
    • RUB162.65
    • EUR14662.26
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +31°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Uzbekistan

    President Mirziyoyev criticizes officials over insufficient investment initiatives

    President Mirziyoyev criticizes officials over insufficient investment initiatives

    President Shavkat Mirziyoyev expressed concern over the sluggish pace of the investment and foreign trade system in a meeting on export, investment, and local industry on January 18. The meeting focused on addressing the challenges faced by the nation in these critical areas, presidential press secretary, Sherzod Asadov reported. The president, chairing the meeting, underscored the need for a concerted effort to enhance foreign investments and increase exports to sustain the momentum of economic growth.

    Photo: President of Uzbekistan, Shavkat Mirziyoyev
    Source: Presidential Press Secretary / Telegram

    Highlighting the significant strides made in augmenting the gross domestic product (GDP), the head of state emphasized that relying solely on domestic investment and the domestic market would not be sufficient to achieve the overarching economic goals.

    "Our only way forward is to actively attract foreign investments and increase exports," remarked the president, setting the tone for the discussions that followed.

    However, President Mirziyoyev expressed concern over the sluggish pace of the investment and foreign trade system, comprising 11 ministries and offices directly responsible for investment, industry, and export, along with 10 associations, diplomatic missions abroad, and deputy heads overseeing export and investment in all ministries, sectors, and regions.

    Photo: President Mirziyoyev stresses the need to actively attract foreign investments for economic growth
    Source: Presidential Press Service

    Sherzod Asadov in his telegram channel noted that in the current complex situation, the system lacks a thorough analysis of investment and export, urging for a more dynamic and responsive approach to the challenges faced by the nation.

    One of the major challenges highlighted was the decline in exports due to the devaluation in the countries that serve as the primary markets. Global conflicts and logistical issues have also contributed to a reduction in exports to these markets.

    President Mirziyoyev noted it is crucial to recognize that this complex situation did not arise overnight. He further emphasized that the Ministry of Investment and sector leaders must take responsibility for not diversifying export markets in a timely manner.

    The meeting aims to foster collaboration among various stakeholders to formulate effective strategies for boosting foreign investments, revitalizing the local industry, and devising plans to diversify export markets. 

    Earlier Daryo reported that Uzbekistan saw a substantial increase in foreign investments in 2023, disbursing over $22bn—an impressive 1.8 times more than in 2022. President Mirziyoyev has emphasized the continued necessity of expanding investments in 2024, particularly in key sectors such as the electrical industry, mechanical engineering, pharmaceuticals, textiles, and leather. Mirziyoyev has also stressed the importance of harnessing the potential of Free Economic Zones (FEZs) and industrial zones, along with a commitment to diversify the economy. These strategic measures aim to bolster the nation's economic resilience and facilitate sustainable growth.

     

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    18.01.2024, 11:49   Comments (0)   1377
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    President Mirziyoyev directs training 100,000 citizens for organized labor migration in Uzbekistan

    17.01.2024, 09:30

    Uzbekistan's president criticizes privatization delays and outlines reform measures

    17.01.2024, 23:10

    President Mirziyoyev spurs tourism boom with $2mn fashion week, 90% tax cut

    18.01.2024, 09:01

    Uzbekistan and U.S. forge tourism partnership: MICE and green initiatives at forefront

    18.01.2024, 10:00

    Uzbekistan records staggering 18% surge in car sales in 2023, over 1.5mn vehicles sold

    17.01.2024, 23:57

    Less than 15% of public catering services contribute to VAT in Uzbekistan

    17.01.2024, 19:32
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Beeline Uzbekistan started 2025 with a significant network modernization


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?

     

    Recommended

    "We wouldn’t have won without U.S. aid" – The hidden truths behind the USSR’s World War II victory

    12 May, 15:39

    Uzbekistan's banking deposits surge to $25.2bn in March

    8 May, 17:24

    Uzbekistan to host 59th ADB Annual Meeting in Samarkand for second time

    8 May, 11:26

    Uzbekistan sees rise in cross-border travel as outbound tourism jumps 20%

    7 May, 12:38
     
     
     

    Latest news

    Uzbekistan, China sign new deals and boost regional ties at Samarkand Interregional Forum

    Uzbekistan | 3 June, 09:00

    Tajikistan’s fruit exports hit by rising costs and stronger currency, EastFruit warns

    Tajikistan | 2 June, 17:05

    Pakistan moves to restore Ambassador role as ties with Afghanistan improve

    Afghanistan | 2 June, 14:40

    Kazakhstan’s PM and UN Deputy Secretary-General discuss cooperation on SDGs and climate resilience

    Kazakhstan | 2 June, 12:38

    Uzbekistan and Turkey to fully digitize transport permits by 2026

    Uzbekistan | 2 June, 11:43

    Uzbekistan receives first 2025 shipment of Hepatitis C drugs from Egypt

    Uzbekistan | 2 June, 10:30

    Uzbekistan’s annual inflation falls to 8.7% despite sharp monthly price rise

    Uzbekistan | 2 June, 09:30

    Uzbekistan, Kazakhstan customs officials meet at Gisht Kuprik to streamline border operations

    Uzbekistan | 1 June, 16:03

    Uzbekistan launches youth campaign 'Land of Talents' with mass events in Tashkent

    Uzbekistan | 1 June, 13:31
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.