Uzbekistan attracts $26b foreign investment in 10 months

Uzbekistan saw a significant milestone in foreign investment, attracting over $26 billion in the first ten months of 2024. This represents a 1.7-fold increase compared to the same period last year, Uzbek news portal Daryo reported on Thursday.

These investments have fueled economic growth, creating 6,300 new enterprises, generating $2.33 billion in added value, boosting exports by $305 million, and providing 163,000 high-paying jobs.

While Uzbekistan is on track to attract an additional $8.6 billion by the end of the year, President Shavkat Mirziyoyev has urged for a more strategic investment approach. He highlighted the need to address shortcomings in certain regions and industries, as well as expedite project implementation.

Attribution: Daryo

Subediting: Y.Yasser