Key economic trends have been analyzed, highlighting additional opportunities for growth and development.
On October 22, President Shavkat Mirziyoyev held a meeting regarding localization, the development of public-private partnerships, and the attraction of foreign investments.
012Significant efforts are being made in these areas that drive the economy. Over the past seven years, our country has received more than 78 billion dollars in foreign investments. A law on public-private partnerships has been adopted, and over a thousand projects have been launched. The production of 1,800 new types of products has been established.
Nevertheless, there is still immense potential. Each of these areas was analyzed during the meeting, highlighting additional opportunities.
Currently, 366 major projects worth 140 billion dollars are being implemented across all sectors. As part of the investment projects, equipment, raw materials, and construction materials worth 15 billion dollars are imported annually. It was noted that the share of local products could be increased in each project.
Such opportunities also exist in the major industries of our country. For instance, according to the energy sector development program, 164 energy facilities worth 36 billion dollars will be built by 2030, with 88 of them based on public-private partnerships.
A program worth 1 billion 230 million dollars has also been adopted for the mining industry. Local enterprises have been linked to major industry plants on mutually beneficial terms.
In the automotive industry, there are also many untapped opportunities. In neighboring countries, the annual demand for automotive parts is 1 billion dollars.
It was emphasized that localization must pay special attention to producing products that are competitive in both price and quality, as well as increasing exports.
The necessity of forming concrete projects in these areas and turning opportunities into results was underscored. Suggestions were made to enhance cooperation between industries and regions, and to increase the share of domestic products and services in public procurement.
Recently, investment projects worth 30 billion dollars based on public-private partnerships have been approved. Specifically, programs worth 10 billion dollars in the transportation sector, 6 billion dollars in the social sphere, and 5 billion dollars in the utilities sector have been planned.
Tasks for attracting investors to these projects and effectively directing funds were highlighted.
The meeting also discussed the dynamics of foreign investments and future plans.
In the first nine months of this year, 23 billion 660 million dollars in foreign investments have been received. Additionally, 120 major production facilities worth 4 billion 600 million dollars have been launched.
This pace is expected to continue until the end of the year. Thus, the total amount of foreign investments attracted from 2017 to 2024 is anticipated to exceed 100 billion dollars.
During the meeting, responsible officials presented information regarding the plans to fulfill the assigned tasks.