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    Uzbekistan Economics

    Uzbekistan attracts over $60bn in foreign investments: President Mirziyoyev unveils at TIIF2024

    Uzbekistan attracts over $60bn in foreign investments: President Mirziyoyev unveils at TIIF2024

    President Shavkat Mirziyoyev announced at the onset of the third Tashkent International Investment Forum the absorption of over $60bn in foreign investments in Uzbekistan in recent years, Presidential Press Service reported. This milestone underscores the country's commitment to fostering a conducive environment for global investors amidst escalating geopolitical and economic challenges.

    Photo: Global leaders gather at TIIF
    Source: Daryo

     

    The forum, inaugurated by President Mirziyoyev, convened a distinguished array of global leaders including Tatiana Molcean, Deputy Secretary General of the UN; Akylbek Zhaparov, Chairman of the Cabinet of Ministers of Kyrgyzstan; Cevdet Yılmaz, Vice President of Türkiye; Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia; Xia Kian Peng, Speaker of the Parliament of Singapore; Odile Renaud-Basso, President of the European Recovery and Development Bank; and Abdulhamid Al-Khalifa, President of OPEC International Development Fund. The session was adeptly moderated by CNN journalist Richard Quest.

    Photo: President Mirziyoyev addresses escalating geopolitical and economic challenges at the forum
    Source: Daryo

     

    President Mirziyoyev underscored the pivotal role of the annual investment forum in fostering bilateral and multilateral cooperation, addressing pressing global issues, and fostering innovative ideas and approaches. With over 2,500 foreign guests from 93 countries in attendance, the forum's significance has grown exponentially, reflecting Uzbekistan's deep commitment to reforms and mutually beneficial collaborations.

    In his address, President Mirziyoyev acknowledged the current global economic landscape characterized by escalating risks and threats to sustainable development. Amidst declining global economic growth and faltering trends in foreign direct investment, he emphasized the imperative for collective action and mutual support among nations.

    https://twitter.com/daryoeng/status/1785919227519471653

    Acknowledging the fierce competition for investors worldwide, President Mirziyoyev reaffirmed Uzbekistan's commitment to creating an investor-friendly environment by undertaking comprehensive reforms to eliminate obstacles and ensure investor confidence. The country's economy has witnessed substantial growth, nearly doubling in recent years with a 6% growth rate recorded by the end of the last year. Inflation has been curtailed to 9%, while trade turnover continues to surge. The stability of the foreign exchange market and robust gold-currency reserves further underscore Uzbekistan's economic resilience.

    President Mirziyoyev highlighted the absorption of over $60bn in foreign investments, along with attracting more than $14bn from international financial institutions into critical social and infrastructure sectors. These achievements underscore Uzbekistan's emergence as a promising destination for global investment, underpinned by a commitment to sustainable development and mutually beneficial cooperation.

     

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    02.05.2024, 12:25   Comments (0)   1355
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