During the period from January to March 2024, the Republic of Uzbekistan demonstrated remarkable achievements in the field of capital investment, marking a record volume of 107.1 trillion soums.

This impressive figure surpassed the results of the same period in 2023 by 174.5%, indicating a truly impressive pace of economic development in the country.

Of particular significance is that 75.9% of this total volume, specifically 81.3 trillion soums, was attracted through active investment strategies and the mobilization of external financial resources. Equally noteworthy is that 24.1%, or 25.8 trillion soums, was invested from the own funds of enterprises, organizations, and the population, indicating a high level of confidence in the country’s economic potential.

It is interesting to note that a significant portion of investments, totaling 7.6 trillion soums, was carried out through centralized funding sources, emphasizing the effectiveness of the state’s policy in stimulating investment activity. Concurrently, 99.5 trillion soums was allocated from decentralized funding sources, demonstrating a wide variety of investment support sources in the country.

These impressive results not only attest to the dynamic development of Uzbekistan’s economy but also affirm the country’s attractiveness to investors, creating a favorable platform for further growth and prosperity.

When examining the growth rates of investment volume over the past five years, it becomes evident that until 2020, it steadily increased, reaching 104.6%. In 2021, there was a slight decrease to 97.8%, followed by an increase to 115.2% in 2022, and then continued to grow to the current level of 174.5%.

The highest indicators and growth rates in terms of investment sources in fixed capital were noted due to foreign direct investment, which, compared to the same period in 2023, amounted to 258.0%.

In January-March 2024, 18.8 trillion soums of investments in fixed capital were utilized from the own funds of enterprises and organizations, accounting for 17.6% of their total volume. Investments from the population amounted to 6.9 trillion soums, or 6.5%.

Through foreign direct investments, 33.3 trillion soums were utilized, which is 10.1 percentage points higher compared to the same period in 2023, or 31.1% of their total volume.

Alongside this, investments from bank loans and other borrowed funds amounted to 5.2 trillion soums (4.8% of the total investment volume in fixed capital), foreign loans guaranteed by the Republic of Uzbekistan accounted for 5.2 trillion soums (4.8%), unsecured and other foreign investments and loans – 35.3 trillion soums (33.0%), Reconstruction and Development Fund – 0.4 trillion soums (0.4%), Republican Budget – 1.7 trillion soums (1.6%), Water Supply and Sewerage System Development Fund – 0.2 trillion soums (0.2%) of their total volume.

In the technological structure of investments in fixed capital in the Republic of Uzbekistan, 54.5 trillion soums was directed towards the acquisition of machinery, equipment, and inventory, accounting for 50.9% of their total volume, while investments in construction and installation work reached 42.7 trillion soums (39.9%), and other expenses – 9.8 trillion soums (9.2%).

A significant portion of investments in fixed capital during the reporting period was directed towards new construction, reaching 66.5 trillion soums, which accounted for 62.1% of its total volume.

Investments in expansion, reconstruction, modernization, and technical re-equipment of existing facilities amounted to 25.5 trillion soums, or 23.8% of their total volume. The remaining 14.1% or 15.1 trillion soums were implemented in other directions.

In January-March 2024, a significant portion of foreign investments and loans in fixed capital were utilized in the manufacturing industry, accounting for 37.3% of their total volume, or 27.5 trillion soums.

In electricity and gas supply, this indicator amounted to 14.1 trillion soums or 19.1% of the total volume of foreign investments and loans.

Source: The Statistics Agency under the President of the Republic of Uzbekistan