As a result of improving the investment environment in the country, direct investments are actively being attracted into economic sectors and regions. In particular, over the past five months of 2018, 776 new joint ventures and foreign enterprises have been registered. This is by 496 more compared to the same period of the last year. In addition, this year, it is planned to implement 377 territorial and 148 industrial projects with participation of foreign investments.

The Head of the state noted that the actual task is to facilitate the implementation of projects.

The resolution of the President of the Republic of Uzbekistan “On additional measures for accelerated implementation of investment and infrastructure projects” of June 20, 2018, is aimed at achieving this goal.

According to the resolution of the President of the Republic of Uzbekistan “On additional measures for accelerated implementation of investment and infrastructure projects” of June 20 of this year, from now on, the fee is not charged for pre-project and project document examination on infrastructure projects, implemented on the basis of Decisions of the President of the Republic of Uzbekistan and the Cabinet of Ministers.

In addition, there is no fee for the examination of tender documents and import contracts on public procurement of goods, carried out at the expense of the State budget and state trust funds, the Fund for reconstruction and development, loans attracted under the guarantee of the Government. The amount of payment for complex examination of preliminary and final technical and economic bases is reduced by 4 times.

The requirement for development of a financial and economic report on loans, realized through loans of international financial institutions or in one-stage procedure has been canceled.

At the meeting dedicated to the state of implementation of investment projects in industries and regions, analysis of the results of attracting and developing foreign direct investment, the President gave instructions on consistent implementation of measures stipulated in the resolution, development of a new simplified procedure for preparation, examination and approval of documents on investment and infrastructure projects.

At the meeting that was held on June 21, the President of the Republic of Uzbekistan Shavkat Mirziyoyev noted the need for accelerating each project introduced in the list of investment and infrastructure projects approved for this year, in implementation of which slowness was allowed. Specific tasks have been set on financing construction and timely commissioning of affordable housing in rural areas and cities, water pipelines, social facilities.

Within the framework of programs, developed following the results of trips to the Republic of Karakalpakstan and the regions, it is envisaged to implement 6 thousand 317 projects on integrated development of these regions in 2018-2019. As a result, it is planned to create more than 219 thousand jobs. It was emphasized that it is necessary to allocate space for important projects of socio-economic importance, to timely resolve work on connecting them to infrastructure networks.

At the meeting, devoted to the state of implementation of investment projects in industries and regions, special attention was paid to issues of attracting and effective development of investments, especially, foreign direct investment.

It was emphasized that as a result of foreign visits and dialogues, an initial agreement was reached on implementation of 182 prospective projects worth 17 billion dollars. Development of these investments is associated with preparation of business plans and technical-economic bases. Therefore, instructions are given on accelerating activities in this area, direction of foreign investments in prospective projects and achieving high efficiency.

It was noted that despite the availability of wide opportunities 10 projects are being implemented in Bukhara region with participation of foreign investments, 9 projects in Navoi and only 1 in Kashkadarya region. It was criticized that no project involving foreign investments has been implemented in 13 districts of Kashkadarya, 11 districts of Fergana, 10 districts of Surkhandarya, 8 districts of Tashkent, Bukhara and Jizzakh regions, 7 districts of Khorezm, Navoi regions, 6 districts of Karakalpakstan and Samarkand, 5 districts of Andijan and Syrdarya, and in 4 districts of Namangan regions.

To do this, it is necessary to intensify activity in this direction. Regional, city and district departments of the Investment Committee need to attract foreign investments and provide practical assistance to foreign investors on all issues. In addition, khokims of districts and cities, each of the heads of sectors should contribute to attracting foreign investments in their region, said Shavkat Mirziyoyev.

Instructions were given for introduction of a single electronic information system, which will fully cover all processes of project implementation, will allow monitoring from development stage to their implementation.

At the meeting, reports of the authorized persons on all discussed issues were heard. A number of instructions were given for preparation of investment proposals, finding investors, developing projects, carrying out examination, financing and their implementation.