On December 19, the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, held a meeting to review the results of investment activities in 2024 and discuss objectives for 2025.
Since 2017, $188 billion in investments have been attracted to Uzbekistan’s economy from all sources, with $87 billion coming from foreign investors. This has increased the share of investments in GDP to over 30%, providing a foundation for sustainable economic growth.
In 2024, the volume of investments in the economy grew 1.3 times, exceeding $36 billion. As a result, since the beginning of the year, 560 large and medium-sized projects, worth a total of 70 trillion soums, have been commissioned. This also created a basis for increasing exports by $1 billion in the upcoming year.
These results can be further enhanced by leveraging emerging opportunities in various industries and regions.
During the meeting, the Minister of Investments, Industry, and Trade presented plans for 2025.
Next year, investments totaling $43 billion are planned to be attracted. This will enable the implementation of over 300 major projects and the launch of 662 new types of products capable of competing with imports.
The head of state emphasized the importance of targeted work with foreign investors, expanding opportunities for them, and ensuring the quality implementation of all agreements reached.
Currently, work is ongoing on 1,890 projects. Responsible leaders have been appointed to expedite their progress.
The meeting also addressed issues of foreign trade.
Amid a challenging international environment, success in this area requires special efforts. Export and logistics chains are becoming more complex, and demand for finished products in key export markets is declining.
In such conditions, a full mobilization of internal resources is necessary to accelerate economic growth, as emphasized during the meeting. The goal by 2030 is to double the annual export volume, increasing it to $45 billion.
To achieve this, it is crucial to launch investment projects on time, expand production of high-value-added goods and services, and broaden export markets.
Responsible officials were instructed to continuously monitor the execution of planned tasks and ensure effective organization of work on the ground.
Source: President.uz