TASHKENT, Uzbekistan, October 12. Uzbekistan witnessed a total of 7,712 projects initiated within its investment program, collectively valued at $5.1 billion from January through September 2023, Trend reports.
As per Uzbekistan’s Ministry of Investment, Industry and Trade, the initiatives created a total of 130,000 new employment opportunities.
Notably, Uzbekistan’s Government Commission played a pivotal role in development of investment environment as it led 2,021 of these projects with a total worth of $1.4 billion, resulting in approximately 26,000 new job opportunities being generated.
Upon closer examination of the distinct spheres of country’s development, it is recorded that in the industry sector, 2,451 projects were launched, with a combined investment of $2.38 billion. These projects generated 66,628 new job opportunities, strengthening the country's labor market.
Within the services sector, a total of 3,978 projects were initiated, with investments amounting to $2.31 billion. This has not only enhanced the range and quality of services available but has also created 43,940 new job opportunities, further contributing to the overall economic growth.
In the agricultural industry, 1,283 projects were set in motion with a total investment of $385 million. These projects made 19,220 new jobs available for Uzbek citizens, bolstering the nation's agricultural sector.
Meanwhile, the total number of active enterprises with foreign capital in Uzbekistan amounted to 12,750 as of September 1, 2023.
Overall, companies have invested a total of 139.1 trillion Uzbek soums ($11.4 billion) in Uzbekistan in the first six months of 2023. A significant share of these investments, 59 trillion soums ($4.8 billion), or 42.4 percent, account for foreign investment and loans directed to fixed capital.