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Economy 10/05/2024 Implementation of current tasks and further plans for investment cooperation were discussed
Implementation of current tasks and further plans for investment cooperation were discussed

Tashkent, Uzbekistan (UzDaily.com) -- President of Uzbekistan Shavkat Mirziyoyev got acquainted with the report on the current state of implementation of agreements and plans for investment cooperation with foreign partners.

Particular attention was paid to cooperation projects and investment programs implemented in partnership with countries such as Russia, China, Qatar, Saudi Arabia and others.

From 22 to 24 April, the international industrial exhibition “Innoprom. Central Asia", which has become a striking example of successful trade and economic cooperation with the Russian Federation, was held in Tashkent. The total volume of trade turnover between Uzbekistan and Russia at the end of 2023 amounted to almost US$10 billion, and the goal is to double this volume by 2030.

More than 3 thousand joint ventures with Russian capital are successfully operating in Uzbekistan. In 2023, more than 700 new enterprises were created. Last year, about $3 billion of Russian investments were disbursed. This year, US$5 billion is expected to be disbursed. In general, a package of agreements worth $4 billion was adopted within the framework of Innoprom.

The Tashkent International Investment Forum was also held with the participation of more than 2.5 thousand guests from 93 countries. As a result of the forum, investment agreements and export contracts totaling US$26.6 billion were signed. These agreements relate to various areas, such as construction, green energy, mining, infrastructure projects, chemical, food, textile and healthcare.

Based on the results of the forum, a roadmap was developed for the implementation of signed investment and trade agreements, as well as for the implementation of proposals and initiatives of foreign investors.

The President of Uzbekistan emphasized the need for strict control over the implementation of each point of the road maps, constant interaction with investors and the creation of the most favorable conditions for them.

Responsible persons were instructed to begin preparations for the fourth Tashkent Investment Forum, including priority sectors of the economy in the package of promising projects.

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