Baku, Azerbaijan, Dec. 24
By Fikret Dolukhanov – Trend:
In 2019, investments worth $7.83 billion will be made in various industry-specific projects in Uzbekistan, Trend reports on Dec. 24 referring to Uzbek media.
The corresponding figures are provided by in the resolution of President of Uzbekistan Shavkat Mirziyoyev “On measures to implement the Investment Program of the Republic of Uzbekistan for 2019”.
According to the document, in 2019, enterprises will send $1.5 billion to implement investment projects. The Fund for Reconstruction and Development of Uzbekistan (FRDU) will allocate $927.9 million.
Uzbekistan intends to get $2.31 billion of foreign direct investment and loans and $2.68 billion of foreign loans under the state guarantee. The volume of commercial bank loans will exceed $401.5 million.
In 2019, some $4.15 billion of funds will be used to build new facilities, $1.45 billion for modernization and reconstruction of the existing ones.
Investments for $1.93 billion will be mastered in the oil and gas industry, in the energy sector - $715.2 million, by Navoi MMC - $526.1 million, by Almalyk MMC - $184.6 million, in the chemical industry - $457.1 million, by Uzbek Metallurgical Combine JSC - $117 million.
The total cost of projects under the program is $56.02 billion. The expected balance of Jan. 1, 2019 will be $35.66 billion.
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