Uzbekistan Will Attract USD 3 Billion in Foreign Investment
OREANDA-NEWS. February 03,
Investment plans for this year reflect government policies aimed at restructuring the economy amid the world financial crisis. Early in 2009, the Uzbek government adopted a program of modernization and technological reequipping of basic industries in 2009-2014. The program includes 327 investment projects worth USD 42.5 billion, including USD 20 billion of foreign investments.
The USD 3 billion foreign investments expected in 2010 will include USD 555.2 million in foreign loans provided under Uzbek government guarantees and USD 2.43 billion in foreign direct investment (FDI). Priority is given to FDIs due to the country's large foreign debt (around 30% of the export).
According to Uzbekistan-based Central Asia Investment analyst Ilkhat Tushev, under conditions of the world crisis,
In 2010 the largest volume of foreign investments - USD 2.3 billion - will go to the fuel and energy sector, including USD 2.1 billion to the oil and gas industry.
Malaysian Petronas in 2010 plans to start hydrocarbon extraction in
Such investors as
Комментарии