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Tashkent International Investment Forum to be held at a high organizational level

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Tashkent International Investment Forum to be held at a high organizational level

President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting on the issues of organizing Tashkent International Investment Forum.

In recent years, the investment climate in the country has improved significantly. The legislative framework of the sphere has been updated, legal guarantees for investors have been strengthened.

The influx of investment considerably increased last year – in the Year of Active Investments and Social Development. Thus, the volume of foreign direct investment amounted to 4.2 billion dollars, which is 3.1 billion USD, or 3.7 times, as much as in 2018.

During his Address to the Oliy Majlis last week, the Head of the state noted that an active investment policy will be consistently continued this year in order to develop the economy at a fast pace, and that a significant part of investments attracted in 2020 will be foreign direct investment and loans.

In particular, it is planned to attract 5.8 billion USD foreign direct investment in the economy of the country this year. Tashkent International Investment Forum would serve this end.

The main goal of the forum is to attract foreign direct investments in the driver sectors of the economy like energy, mechanical and electrical engineering, information technology, textile, agriculture and food industries, construction sector, as well as in the regions of the country.

The meeting participants identified specific tasks for holding the event at a high organizational level.

In particular, the Ministry of Investments and Foreign Trade has been instructed to prepare, together with regional leaders, presentation materials on promising projects to be offered to foreign investors.

The President noted the need for paying special attention to establishing direct partnership between local producers and foreign investors in implementing regional programs.

The Ministry of Foreign Affairs has been tasked with inviting representatives of leading foreign companies, international financial organizations and the media to the forum.

Issues related to the high-quality grounding of premises for the occasion, along with extensive promotion and coverage of the forum in the media, were discussed at the meeting.

Responsible officials reported on the preparations for the event and the expected agreements and deals.