NEWS: Uzbekistan uses foreign investments and loans for US$1.5bn in 1H .
29 July 2015
- Uzbekistan used foreign investments and loans for US$1.5 billion in January-June 2015, which grew by 11% compared to the same period of 2015, a publication of the Ministry of Economy and State Statistics Committee of Uzbekistan said. According to the material, total volume of used investments in Uzbekistan exceeded 18 trillion soums in the first half of 2015, which grew by 9.8% year-on-year.
The growth of investments along with further development material-technical base of special construction organizations helped to increase volume of construction works by 18%.
About US$1.5 billion or 21.3% from total used investments were foreign investments and loans, which grew by 11%. The volume of foreign direct investments from them was US$1.2 billion (+10.9%).
The volume of used resources of the Fund for Reconstruction and Development, directed to implementation of large investment projects in strategic industries of economy, in the first half of 2015 made up US$225 million, which rose by 5.6% year-on-year. Largest volume of used investments in the reporting period fell to share of own resources of businesses (32.3% from total volumes), which grew by 31.8% year-on-year and reflects active realization of industrial programmes of diversification and increasing competitiveness of production, as well as territorial programmes of social-economic development of the regions.
Within the investment programme, realization of 63 projects for US$160.9 million was completed in the first six months of 2015.
Five projects with total cost of US$16.1 million were completed in special industrial zones, including projects on production of sewing machines, automobile brake pads, metal products and metal structures, polypropylene pipes, fittings, valves and accessories in the territory of special industrial zone Jizzakh and the release of antibacterial and antiviral medicaments in the territory of Free industrial and economic zone Navoi.
Overall, 1,866 production capacities have been launched in Uzbekistan in January-June 2015, which created over 24,800 new jobs.
Largest number of projects was realized in industry of construction materials (666 projects), food industry (461 projects), textile and sewing industry (337 projects), furniture (169), chemical and petrochemical industries (149).
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UzDaily.