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Economy 04/08/2011 Uzbekistan attracts investments for US$376.7m within RIPs
Uzbekistan attracts investments for US$376.7m within RIPs
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan attracted total investments for US$376.7 million in January-June 2011 within the regional investment programmes (RIPs, including additional projects) on 853 projects. The growth rate made up 33% year-on-year.

According to the Ministry of Foreign Economic Relations, Investment and Trade (MFERIT) of Uzbekistan, this helped to create about 9,500 new jobs.

At the same time, some US$170.4 million of foreign direct investments were attracted on 247 projects, which grew by 27% year-on-year.

Foreign direct investments were attracted to such sectors as light industry (62 projects, US$36.2 million), services (16 projects, US$20.5 million), chemistry and petrochemical industry (19 projects, US$20.2 million), production of construction materials (26 projects, US$17.6 million), food industry (26 projects, US$14.3 million), processing of leather and footwear production (10 projects, US$10.1 million).

The volume of foreign direct investments to processing of agriculture products, installation of refrigerator chambers and organization of greenhouses (11 projects) made up US$9.98 million, electrotechnical industry (6 projects) – US$8 million, production of consumer goods (18 projects) – US$8 million.

Foreign direct investments were also directed to metallurgy (6 projects, US$3.9 million), development of poultry (5 projects, US$3.28 million), development of infrastructure (5 projects, US$3.26 million), pharmaceutics (8 projects, US$3 million), automobile industry – spare parts production (4 projects, US$1.57 million) and other spheres of economy (23 projects, US$10.4 million).

It is worth to mention that as of 1 July 2011, 326 projects of total number of projects within the RIPs were implemented. This allowed to use investments for US$122.9 million, including foreign direct investments on 57 projects worth US$47.1 million.

In line with the presidential decree “On investment programme of Uzbekistan for 2011” dated 29 December 2010, regional administration in cooperation with Ministry of Economy and MFERIT developed regional investment programmes for 2011.

Within the RIP for 2011, it is planned to implement 892 projects with investments for US$764 million (+7.6% year-on-year), including foreign direct investments US$378 million on 201 projects (21.5% year-on-year). Share of foreign direct investments makes up 49.5%.

These projects will allow to increase annual production by 2.13 trillion soums and exports volume by US$239.4 million. They will also create 30,300 new jobs.

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