Uzbekistan will attract $53 billion in foreign investment in 2026.
The President stated that investment quality must be the main criterion for all leaders.
At a meeting chaired by Shavkat Mirziyoyev, issues of investment efficiency and project quality were discussed.
The head of state emphasized that every new project and attracted funds must create added value in the economy, establish high-income jobs, and serve to increase export volumes. According to him, investment quality must be the main criterion for all leaders.
At the meeting, it was announced that a platform for monitoring investment projects after their launch has been created. This system is integrated with databases of tax, customs, employment, cadastre, and utility sectors, and analyzes the activities of enterprises based on 39 indicators.
As a result of the analysis, it was found that out of 688 enterprises launched in the last three years, 210 are not fully utilizing their production capacity. Consequently, a production volume worth 33 trillion soums was lost, and nearly 23,000 jobs remained unfilled.
This situation was presented as an assessment of the performance of deputy governors for investment. The responsible officials were tasked with developing a specific "roadmap" for the 210 enterprises, setting deadlines for resolving problems, and appointing those responsible.
It was also established that regional deputy governors for investment will work directly with these enterprises and enter the work done into a special platform. It was noted that if no results are achieved by the end of the first half of the year, their suitability for the position will be reconsidered.
It was reported that attracting $53 billion in foreign investment is planned for 2026. According to the President, to achieve quality in investment, it is important to make the right choice at the initial stage of the project and attract capable investors.
At the meeting, the need to identify the most effective projects for the economy through the use of artificial intelligence technologies was noted. To this end, the launch of a platform that analyzes existing production capacities and domestic and foreign market demand, providing recommendations on where and what kind of project to implement, was instructed. Investors and consulting companies will be given the opportunity to use this system on the "single window" principle.
Currently, more than 18,000 enterprises with foreign investment are operating in the country. However, 526 enterprises engaged in production have never exported. Another 767 enterprises are mainly engaged in imports, selling products on the domestic market.
It was emphasized that it is important to talk to these enterprises, offer projects for those importing and selling their products to establish production locally, connect them with local entrepreneurs to establish cooperation in producing spare parts and components, and study what assistance is needed for those selling their products on the domestic market to enter exports.
The responsible officials were tasked with developing a separate program in this regard.
