Stay up to date with the latest news
Subscribe to our telegram channel
Finance
01/08/2012
Uzbekistan attracts US$589.8m within RIPs in 1H
Uzbekistan attracts US$589.8m within RIPs in 1H
Tashkent, Uzbekistan (UzDaily.com) --
Uzbekistan attracted investments for US$589.8 million as of 1 July 2012 within 1,250 projects, included to the regional investment programmes (RIPs, taking into account additional projects), which grew by 53.9% year-on-year.
Some US$232.3 million within 313 projects were foreign direct investments and loans, which rose by 36.3% year-on-year.
Ministry of Foreign Economic Relations, Investment and Trade of Uzbekistan in cooperation with local administrations developed a regional investment programmes for 2012 in line with the presidential resolution from 28 December 2011.
The regional investment programmes for 2012 include 1,184 projects and it is planned to attract investments for US$1.163 billion (+38.3% year-on-year).
Implementation of the regional investment programmes for 2012 will allow to increase goods production by 2.545 trillion soums and exports – by US$301.9 million, as well as create 25,100 new jobs.
Foreign investments were attracted to such sectors as light industry (74 projects, US$60.1 million), services (35 projects, US$28.8 million), chemical and petrochemical industry (38 projects, US$27.4 million), production of construction materials (28 projects, US$21.4 million), food industry (22 projects, US$13 million), production and processing fruits and vegetables (16 projects, US$11.8 million), production of paper products (9 projects, US$10.6 million), metal processing (9 projects, US$10.1 million), construction (5 projects, US$7.9 million), issue of spare parts (4 projects, US$6.1 million), processing leather and production of footwear (19 projects, US$5.9 million), tourism (5 projects, US$3.1 million), pharmaceuticals (8 projects, US$3.2 million), and other spheres (41 projects, US$13.5 million).
Uzbekistan attracted investments from Great Britain for US$49.1 million (21.1% from total foreign direct investments and loans), China – US$27 million (11.6%), Cyprus – US$24.6 million (10.6%), Russia – US$19.2 million (8.2%), Switzerland – US$12.8 million (5.5%), Turkey – US$11.7 million (5%), the United States – US$11.6 million (5%), South Korea – US$7.5 million (3.2%), Germany - US$6.7 million (2.9%) and other countries - US$16.9 million (7.3%).
The volume of loans of international financial institutions made up US$34.1 million in the reporting period within the RIPs, which is 14.7% of total volume of attracted investments.
LATEST NEWS