Since 2017, Uzbekistan has attracted a total of $188bn in investments from various sources, with $87bn sourced from abroad. This has contributed to the country’s economic growth, with investments now accounting for more than 30% of the nation’s GDP.
On December 19, President Shavkat Mirziyoyev held a meeting to review the country’s investment performance in 2024 and discuss plans for the coming year. This year, the volume of investments increased by 1.3 times, surpassing $36bn.
As a result, 560 large and medium-sized projects have been launched, generating an additional value of UZS 70 trillion ($5.4bn). The government is optimistic that exports will rise by an additional $1bn in 2025.
The Minister of Investment, Industry, and Trade provided details on plans for 2025, which include attracting $43bn in investments. This is expected to finance over 300 major projects and the production of 662 new import-substituting products.
President Mirziyoyev emphasized the importance of working closely with foreign investors, creating favorable conditions, and ensuring the implementation of all agreements at the highest levels.
The meeting also highlighted ongoing projects, with 1,890 projects currently in progress. Officials have been tasked with speeding up their implementation to meet the country’s growing economic goals.
In addition, the meeting focused on challenges in foreign trade. With global economic uncertainty, export and logistics chains have become more complex, and the availability of finished products in key export markets is decreasing. In response, President Mirziyoyev called for greater mobilization of domestic resources and accelerated economic development.
A key goal set for 2030 is to double Uzbekistan’s annual export volume to $45bn. Achieving this will require the timely completion of investment projects, the production of high-value goods, and the expansion of export markets.
Officials have been instructed to ensure the quality and timely execution of these plans to drive the country’s future economic growth.
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