Uzbekistan approved a new investment program for 2020-2022

Uzbekistan has approved a new investment program for 2020-2022. The document provides for the development of investments worth 850.5 trillion soums, among which 337.4 trillion soums are foreign.

In 2020, 206 new production capacities and over 31 thousand workplaces will be created.

Last year, the Republic was declared the Year of Active Investment and Social Development, and these are not big words: in 2019, Uzbekistan managed to absorb 184 trillion soums of investments, which is 1.3 times higher than the figure for 2018. The share of investments in GDP exceeded 34%.

Recall that since 2020, a new system of formation and implementation of the state program for a three-year period has been introduced in the republic.

According to the document, the cost of engineering communications networks of projects worth more than $ 50 million, in which the share of foreign investors is at least 50%, will now be financed from the state budget.

Moreover, the investment project must also meet certain requirements, in particular, on economic efficiency, the presence of the conclusion of the Agency for Urbanization on the feasibility of the project on the selected land. In addition, he must have a positive opinion on environmental impact assessment.

A comprehensive examination of pre-project and project documents will be carried out by the Center for Comprehensive Examination of Projects and Import Contracts under the Ministry of Economy and Industry.

25-02-2020 18:38