The Ministry of Investment launches a new mechanism to stimulate investment and foreign trade activities

Within the framework of the new mechanism, project groups will be created under the khokimiyats of all 206 districts and cities.

On October 6 of this year, under the leadership of the Deputy Prime Minister of the Republic of Uzbekistan S. Umurzakov in the format of a video conference, an expanded meeting of the Government Commission on foreign trade, investment, development of local industry and technical regulation was held, dedicated to the introduction of a fundamentally new mechanism for the development, financing and implementation of investment projects in regions of the country.

The meeting considered the indicators of investment and foreign trade activities of the country based on the results of 9 months of this year.

The factors that positively influenced the dynamics of attracting investments and exports in the context of industries and regions have been identified. The reports of the responsible leaders on the implementation of regional investment programs were heard.

The key topic of the meeting was a new developed mechanism to increase the volume of attracted investments and increase exports, built on the basis of a systematic approach to the development processes, search for sources of financing and implementation of investment projects, as well as subsequent monitoring of the activities of launched enterprises and industrial facilities.

The mechanism is aimed at making full use of the economic and industrial potential of regions and cities of the country and stimulating their accelerated and even socio-economic development.

Within the framework of the new mechanism, project groups will be created under the khokimiyats of all 206 districts and cities, which will analyze the existing unused opportunities, bearing in mind unused land plots, buildings and structures, natural and infrastructural resources.