Uzbekistan

Uzbekistan's economy is expected to exceed 180 billion dollars in 2026 — President

The head of state emphasized that Uzbekistan is always open to investors who are ready for equal and mutually beneficial cooperation.

Uzbekistan's economy is expected to exceed 180 billion dollars in 2026 — President

President Shavkat Mirziyoyev, in his speech at the plenary session of the Tashkent International Investment Forum, emphasized that Uzbekistan's economy is growing at a rapid pace and announced that the country's gross domestic product is expected to exceed 180 billion dollars by the end of 2026.

 

"Many of you may recall that at the first forum four years ago, we set a goal to increase Uzbekistan's gross domestic product to 100 billion dollars by the end of 2026. Our rapidly growing economy is expected to exceed 180 billion dollars this year!" – said the President.

 

According to the President, last year Uzbekistan's economy grew by 7.7 percent, and 43 billion dollars in investments were attracted to the economy. Additionally, the country's international reserves exceeded 70 billion dollars.

 

The President noted that over the past years, more than 150 billion dollars in foreign investments have been attracted to Uzbekistan, of which 123 billion dollars were accounted for in the last five years.

 

The head of state emphasized that Uzbekistan is always open to investors who are ready for equal and mutually beneficial cooperation.

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Six Uzbekistani citizens who found themselves in a difficult situation in Bulgaria have been returned to their homeland.

Relevant authorities urged citizens seeking work abroad to find employment only through official sources and to legally formalize their labor contracts.

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The value of Uzbekistan's underground resources is estimated at $3 trillion.

An open digital geological database will be created to present opportunities in this field to foreign investors.

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A sovereign Islamic bond (sukuk) program will be implemented in Uzbekistan.

Broad opportunities will also be created for the activities of international clearing companies.

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The prospects for cooperation between JSC "Business Development Bank" and Standard Chartered were discussed.

The negotiations considered issues of attracting long-term foreign capital to Uzbekistan, expanding cooperation in international credit markets, and developing strategic partnerships.

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Saida Mirziyoyeva held a meeting with the Chairman of the Government of Russia.

During the meeting, the current state of trade and economic cooperation between the two countries and the prospects for new joint projects were discussed.

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In Navoiy, shops and a warehouse caught fire.

The fire was completely extinguished within about an hour after it was surrounded. No information has been received about any casualties.

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Saida Mirziyoyeva met with heads of US financial institutions.

Special attention was paid to the topic of developing a joint investment platform during the dialogue.

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In Tashkent, three people died as a result of a collision between a Lacetti and a BYD.

The Lacetti driver made a sharp left turn at the intersection and collided with an oncoming vehicle. The BYD was driven by a minor.

Certificate: №1346 Issue date: 28.05.2020

Idea author: Firdavs Fridunovich Abdukhalikov

Founder: "Master Media Production and Broadcast"