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Finance 17/01/2012 Uzbekistan attracts investments for US$841.2m within RIPs
Uzbekistan attracts investments for US$841.2m within RIPs
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan attracted total investments for US$841.2 million in January-December 2011 within the regional investment programmes (RIPs, including additional projects) on 1226 projects. The growth rate made up 18.55% year-on-year.

In line with the presidential decree “On investment programme of Uzbekistan for 2011” dated 29 December 2010, regional administration in cooperation with Ministry of Economy and MFERIT developed regional investment programmes for 2011.

Within the RIP for 2011, it is planned to implement 892 projects with investments for US$764 million (+7.6% year-on-year), including foreign direct investments US$378 million on 201 projects (21.5% year-on-year). Share of foreign direct investments makes up 49.5%.

In 2011, within the RIPs (including additional projects) some US$841.2 million (+10.2% to forecast and +18.5% compared to 2010) were attracted on 1226 projects. Within the programmes, about 22,100 new jobs were created. The volume of foreign direct investments made up US$402 million, which were attracted on 380 projects (+6.3% to forecast and +29.1% compared to 2010).

The foreign direct investments (FDIs) were attracted to such sectors as light industry (96 projects, US$100.3 million), production of construction materials (50 projects, US$45.4 million), exploration and mining natural resources (six projects, US$30.3 million), construction and development of infrastructure (31 projects, US$29.4 million).

The volume of foreign direct investments into processing agriculture goods, installation of refrigerator chambers and organization of greenhouses (22 projects) made up US$22 million, production of consumer goods (2 projects) – 5.8 million, services (26 projects) – US$28.9 million, food industry (32 projects) – 28.4 million, processing of metals (13 projects) – US$26.7 million, automobile industry – production of spare parts (15 projects) – US$16.9 million.

The FDIs were also attracted to such sectors as processing of leather and footwear production (14 projects, US$13.9 million), chemistry and petrochemical industry (23 projects, US$11.3 million), electrotechnical industry (7 project, US$10 million), trade (7 projects, US$9 million), pharmaceuticals (10 projects, US$8.9 million), poultry development (5 projects, US$4.6 million) and other industries (20 projects, US$10.1 million).

It is worth to mention that as of 1 January 2012, 659 projects of total number of projects within the RIPs were fully implemented. This allowed to use investments for US$296.8 million, including foreign direct investments on 120 projects worth US$136.8 million.

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