A total of 14,199 enterprises and organizations benefiting from foreign capital infusion, as of February 1, 2024, Uzbekistan's statistics agency reported. The landscape of foreign investment in Uzbekistan continues to evolve, with recent statistics shedding light on the countries contributing the most to the republic's economic growth through enterprise participation.
Among these establishments, a significant portion comprises joint ventures and wholly foreign-owned enterprises, numbering 4,675 and 9,524 respectively. These figures underscore Uzbekistan's attractiveness to international investors, reflecting the country's ongoing efforts to foster a conducive environment for business development and foreign partnerships.
Leading the pack in terms of active enterprises are companies hailing from Russia, with a formidable presence of 3,049 establishments. This substantial involvement highlights the robust economic ties between Uzbekistan and its northern neighbor, reflecting a longstanding history of collaboration and mutual interest.
Following closely behind is China, with 2,432 enterprises contributing to Uzbekistan's economic fabric. China's presence underscores the strengthening of bilateral relations and the deepening of economic cooperation, marked by strategic investments across various sectors.
Turkey emerges as another prominent player, with 1,901 enterprises actively engaged in Uzbekistan. The Turkish contribution signifies the expanding avenues of partnership and investment between the two nations, bolstered by shared cultural ties and economic interests.
Kazakhstan, with 1,084 enterprises, underscores the importance of regional cooperation and integration in fostering economic development. Similarly, South Korea's 736 enterprises highlight the increasing influence of East Asian economies in Uzbekistan's business landscape.
While regional actors dominate the scene, contributions from countries farther afield also leave their mark. The United States, with 314 enterprises, maintains a notable presence, reflecting enduring economic ties and shared interests in various sectors.
Furthermore, countries like Tajikistan (289 enterprises), Kyrgyz Republic (276 enterprises), Azerbaijan (235 enterprises), Germany (220 enterprises), and Turkmenistan (182 enterprises) each play a significant role in Uzbekistan's economic diversification and growth trajectory.
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