Tashkent, Uzbekistan (UzDaily.com) — In 2024, Uzbekistan plans to attract US$37.5 billion in foreign investments, which is 25% more than in 2023. This was announced by Ogulnur Atayeva, Deputy Head of the Department at the Ministry of Investment, Industry, and Trade.

As of mid-August 2024, Tashkent leads in the volume of attracted investments, reaching US$1.2 billion. Namangan region follows in second place with US$879 million, and Tashkent region is third with US$739 million.

Atayeva also noted that investments in Uzbekistan’s energy sector have increased by US$3.8 billion this year. According to her, by the end of the year, 228 projects with a total value of US$15.2 billion are expected to be launched, creating 28,500 new jobs.

Of the US$37.5 billion in foreign investments, US$22 billion will be allocated to industry development, while US$15.5 billion will be directed towards regional development.

Additionally, the country will build production facilities worth 42 trillion soums, achieve import substitution worth US$1.4 billion, and create export opportunities valued at US$710 million.