Discussing current tasks implementation and further plans for investment cooperation
May 10, 2024
President Shavkat Mirziyoyev has been briefed on the implementation of agreements and further plans for investment cooperation with foreign partners.
Cooperation projects and investment programs implemented jointly with partners such as Russia, China, Qatar, and Saudi Arabia deserved some special attention within the discussions.
It is widely known and publicized that Tashkent hosted the International Industrial Trade Fair 'INNOPROM: Central Asia' on April 22-24 this year. The event became an instant vivid example of successful trade and economic cooperation with the Russian Federation.
By the end of 2023, the trade turnover between our countries had reached almost 10 billion dollars.
The ambitious task at hand is to double this volume by 2030.
Uzbekistan boasts over 3 thousand successfully operating joint ventures. Over 700 new enterprises have been created solely in 2023. Last year, Uzbekistan utilized about 3 billion dollars of Russian investments. This year it is expected to attract 5 billion dollars.
On May 2-3, the Tashkent International Investment Forum attracted over 2.5 thousand visitors from 93 countries. Various business events within the Forum managed to secure a solid package of investment agreements and export contracts signed amounting to the total worth of 26.6 billion dollars.
These include major projects in construction, green energy, mining, infrastructure development, chemical, food, textile, and healthcare industries.
The forum stimulated creating a roadmap for implementing various investment and trade agreements signed with foreign partners. The document specifically defines all stages, deadlines, and persons in charge. Another important roadmap developed was the one for implementing proposals and initiatives put forward by foreign investors during the Forum, as well as at the meeting of the Council of Foreign Investors under the President's advice.
Having heard the report, the head of our state emphasized the need to ensure strict control over the timely and full roadmap implementation, constant dialogue and interaction with investors fostering most favorable conditions for them and providing systematic solutions of any emerging issues.
The persons in charge are instructed to begin preparations for the Fourth Tashkent Investment Forum by forming a selection of promising projects in priority sectors of the economy.
Source
It is widely known and publicized that Tashkent hosted the International Industrial Trade Fair 'INNOPROM: Central Asia' on April 22-24 this year. The event became an instant vivid example of successful trade and economic cooperation with the Russian Federation.
By the end of 2023, the trade turnover between our countries had reached almost 10 billion dollars.
The ambitious task at hand is to double this volume by 2030.
Uzbekistan boasts over 3 thousand successfully operating joint ventures. Over 700 new enterprises have been created solely in 2023. Last year, Uzbekistan utilized about 3 billion dollars of Russian investments. This year it is expected to attract 5 billion dollars.
On May 2-3, the Tashkent International Investment Forum attracted over 2.5 thousand visitors from 93 countries. Various business events within the Forum managed to secure a solid package of investment agreements and export contracts signed amounting to the total worth of 26.6 billion dollars.
These include major projects in construction, green energy, mining, infrastructure development, chemical, food, textile, and healthcare industries.
The forum stimulated creating a roadmap for implementing various investment and trade agreements signed with foreign partners. The document specifically defines all stages, deadlines, and persons in charge. Another important roadmap developed was the one for implementing proposals and initiatives put forward by foreign investors during the Forum, as well as at the meeting of the Council of Foreign Investors under the President's advice.
Having heard the report, the head of our state emphasized the need to ensure strict control over the timely and full roadmap implementation, constant dialogue and interaction with investors fostering most favorable conditions for them and providing systematic solutions of any emerging issues.
The persons in charge are instructed to begin preparations for the Fourth Tashkent Investment Forum by forming a selection of promising projects in priority sectors of the economy.
Source
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