NEWS AND EVENTS
January 20, 2012
Uzbekistan utilizes capital investments for US$10.8bn in 2011
Uzbekistan utilized capital investments for US$10.8 billion due to all sources of financing in 2011, the President of Uzbekistan Islam Karimov said at the session of the Cabinet of Ministers on 19 January 2012.
According to the President of Uzbekistan, the growth rate made up 11.2% year-on-year.
He said that share of investments in GDP made up 23.9%, which is evidence for high investment activity in Uzbekistan.
President Islam Karimov said that the real sector of economy attracted foreign investment for almost US$2.9 billion, of which 78.8% were foreign direct investments.
He said that positive changes take place in structure of financing source and directions of capital investments. Over 73% of all investments are formed due to own internal sources – own resources of enterprises and population, loan of commercial banks, which actively participate in investment process, as well as state budget and off-budget resources.
Islam Karimov said that over 73.5% of all investments were directed to construction of production capacities and, which is important, about 45.3% of investments were directed to purchase of modern production equipment.
Uzbek leader said that active investment policy helped to launch sever modern enterprises, like General Motors Powertrain Uzbekistan on production car engines, production of Samsung products, etc. He said that several project are in active phase of implementation, like construction of third line of Uzbekistan-China gas pipeline. (Source: UzDaily.com)