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Economy 01/11/2014 Uzbekistan used investments for US$10bn in Jan-Sep
Uzbekistan used investments for US$10bn in Jan-Sep
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan used investments in US dollar equivalent for US$19 billion in January-September 2014 within implementation of active investment policy, directed at speeding up launch of high technological modern objects and capacities, deepening modernization, equipment and re-equipment of production capacities.

According to the Ministry of Economy and State Statistics Committee, the volume of foreign investments and loans made up US$2.1 billion or 20.7% from total used investments and loans. The volume of foreign direct investments made up US$1.7 billion with the growth rate of 22.3%.

In the reporting period, Uzbekistan complete implementation of 105 large investment projects for US$875.7 million.

In particular, Uzbekistan launched the plant on production of Portland and white cement in Jizzakh region, expansion of production of enriched raw phosphorite with the capacity of 716,000, the plant on production of Damas and Orlando cars in Khorezm region with the capacity of 80,000 cars, plant on production of sugar plant in Angren special industrial zone and other objects.

In nine months of 2014, Uzbekistan implemented 4,271 projects in industrial sector within the programme on social-economic development of the regions. About 2,715 new industrial objects were commissioned, including 1,333 objects were launched in sphere of production of construction materials, 1,152 in food industry, 939 in light and textile industry, 376 in furniture and paper sphere, 310 chemical and petrochemical industries.

The commercial banks issued 822.6 billion soums to implementation of these projects. The project initiators directed 1.19 trillion soums of own resources and attracted US$38.3 million of foreign investors. Over 60,000 new jobs were created in the result.

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