President Shavkat Mirziyoyev stated on Friday at the St. Petersburg International Economic Forum that Uzbekistan is a 'reliable and stable country for the global business community.'
He noted that ten years ago, based on openness, inclusiveness and pragmatism, the construction of New Uzbekistan began. During this period, a solid foundation for long-term growth was created: a favorable business environment, a stable industrial base and new infrastructure.
Over 10 years, the economy grew from $50 billion to $147 billion, with growth forecast above 8% this year (7.7% last year). Over $150 billion in foreign investments were attracted, and exports of goods and services almost tripled.
The president emphasized that even amid global instability, Uzbekistan demonstrates sustainable growth dynamics: the economy is diversifying, the domestic market is expanding, and demand for modern technologies, infrastructure and quality jobs is increasing.
Mirziyoyev called the young, active and rapidly growing population one of Uzbekistan's key priorities, but noted that demographic growth alone does not guarantee success. 'We must turn this potential into a powerful intellectual resource — competencies, productivity, the ability to create high value-added products and technologies.'
He stressed that from the very beginning of reforms, the government has sought to 'harmonize market efficiency and social responsibility,' which is a distinctive feature of the Uzbek model of economic development.
According to the president, the 'Uzbekistan-2030' development strategy aims to raise incomes to above-average levels, transfer all sectors to a technological and innovative growth model, and increase the economy to over $240 billion.
Mirziyoyev called on investors to create new industrial chains with high added value, noting the priority of deep localization of competencies, production and development, as well as the development of modern engineering and new export directions.
It was noted that there is great potential for cooperation in public-private partnership projects in energy, aviation, education, geology and other sectors. Partners can use not only the domestic market but also direct access to neighboring countries and regions.
The president announced the launch of the Tashkent International Financial Center to develop the capital market and form a stable financial and investment platform operating according to world standards, and invited everyone to the Tashkent International Investment Forum on June 16-18.
Source: www.gazeta.uz