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Thursday, October 17th, 2019

Uzbekistan absorbs $1.7 bln of foreign direct investment in 2019

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In the first half of this year, Uzbekistan has absorbed $ 1.7 billion of direct foreign investments, which is 2.5 times more than in the same period last year. This became known yesterday, Aug. 12 during a video conference call, chaired by President Shavkat Mirziyoyev, UzA news agency reported.

It was noted that the number of foreign loans, issued without a state guarantee, increased by 3.7 times. Almost 75% of foreign direct investments are made in regional projects.

The President instructed the Government to ensure the commissioning of industrial facilities within 145 projects worth a total of $4.2 billion within the time frame, provided for in the 2019 Investment Program.

Henceforth, the focus should be on the full development of investments in the remaining period of the current year, the report says.

Source: Kyrgyz National News Agency

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