Uzbekistan to accelerate implementation of investment projects
Tashkent, Uzbekistan (UzDaily.com) -- A working meeting was held at the Ministry of Investment and Foreign Trade on 20 March, devoted to the strict implementation of the instructions of the President of the Republic of Uzbekistan to accelerate the implementation of investment projects and increase the level of development of attracted investments.
The necessity of prompt elimination of deficiencies in this direction was noted, bearing in mind the elaboration of external factors complicating investment activity, as well as ensuring active intra-and inter-agency cooperation, which would allow to achieve synergies in solving common problems.
In this regard, comprehensively considered the possibility of simplifying the mechanisms of administrative and licensing procedures of one of the most important tasks facing the state to achieve the effectiveness of its investment policy.
The meeting participants also touched on issues of activating the implementation of public-private partnerships in all sectors of the economy, as a well-established and effective system in this area is a key factor in attracting investments, and therefore the heads of relevant departments were instructed to form investment proposals.
Following the meeting, specific measures were planned as part of instructions from the Republic’s leadership on the formation of a portfolio of investment projects involving foreign direct investment in the energy, oil and gas, chemical industries, engineering, electrical engineering, information technologies and other important areas, and a set of measures to ensure the implementation of instructions was formed, data during a meeting held by the President of the Republic of Uzbekistan earlier in the day.