Implementing current tasks and further plans for investment cooperation discussed

    Uzbekistan 10 May 2024 3179

    President Shavkat Mirziyoyev was reported on the progress of the implementation of the agreements and further plans for investment cooperation with foreign partners.

    Particular attention was paid to cooperation projects and investment programs implemented jointly with partners such as Russia, China, Qatar, Saudi Arabia, and others.

    As is known, on April 22-24, the International Industrial Exhibition “Innoprom. Central Asia” was held in Tashkent, which became a striking example of successful trade and economic cooperation with the Russian Federation.

    In 2023, trade turnover between our countries reached almost $10 billion.

    The goal is to double this volume by 2030.

    More than 3 thousand joint ventures operate successfully in Uzbekistan. In 2023, more than 700 new enterprises were created. Last year, about $3 billion of Russian investments were disbursed. This year, $5 billion is expected to be attracted.

    In general, a package of agreements worth $4 billion was adopted within the framework of “Innoprom”.

    On May 2-3, the Tashkent International Investment Forum was held with the participation of more than 2.5 thousand guests from 93 countries. Following the business events within the forum, a solid package of investment agreements and export contracts worth $26.6 billion was signed.

    These include major projects in construction, green energy, mining, infrastructure development, and chemical, food, textile, and healthcare.

    Following the forum, a roadmap for implementing investment and trade agreements signed with foreign partners was developed. The document specifically defines all stages, deadlines, and responsible persons. A roadmap has also been developed for implementing proposals and initiatives voiced by foreign investors during the forum and at a meeting of the Council of Foreign Investors under the President.

    After listening to the report, the Head of state noted the need to ensure strict control over the timely and full-scale implementation of each item of the roadmaps, constant dialogue and interaction with investors, creating the most favorable conditions for them, and systematically resolving emerging issues during project implementation.

    Responsible persons have been instructed to begin preparations for the fourth Tashkent Investment Forum now, forming a package of promising projects in priority economic sectors.