President Shavkat Mirziyoyev announced the results of the Tashkent International Investment Forum during a video conference meeting, stating that 177 agreements worth $43 billion were signed.

The head of state emphasized that each agreement must be transformed into a concrete project, creating jobs and high added value. Officials were instructed to make decisions on 120 proposals made by foreign investors.

Mirziyoyev noted that over the past five years, half of all investments went to four regions, but returns vary significantly. For example, in Fergana region, one million soums of investment yields 273,000 soums of added value, while in Bukhara it is only 117,000 soums.

The president ordered local governors to clearly calculate which projects in which districts will bring maximum effect. Fourteen “knowledge centers” and 37 industry-specific research institutes and universities were attached to 12 economic sectors.

For instance, the Institute of Macroeconomic Research, the Center for Competition Policy, the Institute of Materials Science, and the Tashkent University of Architecture and Civil Engineering are responsible for construction materials. They will analyze demand and identify promising areas.

All industry leaders were tasked with preparing project packages that will boost gross regional product growth.

Source: podrobno.uz