Translated with AI
Uzbekistan signed agreements and reached investment deals worth over 40 billion US dollars following the International Investment Forum that was held in the capital of the republic. This was reported by the event's organizers.
The large-scale forum, which lasted for three days, became the largest international investment platform in the region. The event was attended by over 8 thousand guests and more than 3 thousand representatives of business, governments and international organizations from 75 countries.
The forum has become not only a venue for concluding investment agreements, but also a demonstration of the transformation processes taking place in the country's economy. Uzbekistan, which previously attracted about $3.5 billion in foreign investment per year (as of 2017), has increased this figure to $35 billion by 2024. Thus, over the past seven years, there has been a tenfold increase, which indicates growing interest and trust in the country on the part of the international business community.
Particular attention was paid to the industrial and export potential of Uzbekistan during the forum. The National Exhibition of Economic Achievements was presented for the first time, where ten priority industries were demonstrated to foreign investors, including mechanical engineering, pharmaceuticals, textile and food industries. Forum participants noted that the country is actively modernizing production facilities and offers competitive conditions for doing business.
The forum organizers emphasize that the total volume of agreements and memoranda concluded following the meeting exceeds 40 billion dollars. This is further evidence that Uzbekistan is becoming an important player on the investment map of Eurasia.
The International Investment Forum in Tashkent, held for the eleventh time, confirmed its role as a key platform for attracting foreign investment, promoting economic reforms and developing interstate partnerships.
