Tashkent, Uzbekistan (UzDaily.com) -- On 14 November, in the format of a video conference from a studio in Karshi under the leadership of the Deputy Prime Minister of the Republic of Uzbekistan Sardor Umurzakov with the involvement of members of the Government Commission on the Development of Export and Investment, heads of ministries, departments, industry associations, joint-stock companies, commercial banks, diplomatic missions of the Republic of Uzbekistan abroad, local authorities of the Republic of Karakalpakstan, regions and Tashkent city discussed topical issues of investment and export activities in the country.

During the discussion, in the context of industries and regions, the indicators of investment activity for 9 months of the current year were considered, key trends were studied and the main factors affecting the dynamics of investment development and the pace of implementation of investment projects were identified.

In a positive way, the fact was emphasized that in the period under review, despite the negative factors caused by the pandemic, against the background of a global decline in investment activity, in Uzbekistan, thanks to measures to improve the investment climate, as well as the implemented measures to support entrepreneurs and initiators of investment projects, it was possible to achieve positive dynamics in terms of the development of foreign investments - according to the results of 9 months, their volume made up US$4.9 million, which rose by 1% in relation to the same period of last year.

At the same time, the heads of the relevant organizations were pointed out to the systemic problems that negatively affect the investment climate and entrepreneurial activity, and instructions were given to eliminate them by establishing a direct dialogue with entrepreneurs and initiators of investment projects, which will create a mechanism for the timely identification of emerging issues and their prompt solutions.

The state of implementation of 371 large industrial projects worth US$12.4 billion has been studied, the launch and commissioning of which is planned to be carried out by the end of this year, which in total will create about 60 thousand additional jobs.

Taking into account the priority of these projects for the economic development of the regions, practical measures were identified to accelerate their implementation, responsible executors and deadlines. In particular, it was instructed to organize the assignment of managers and employees of the relevant ministries, departments and commercial banks to projects, the tasks of which are determined: taking an inventory of ongoing projects, resolving existing issues, developing proposals for attracting additional foreign investment in promising projects.

The analysis of the process of formation of regional investment programs and activation of investment activity of regions and cities of the Republic is carried out. It was emphasized that when developing and agreeing on projects, it is necessary to prioritize the most promising industries - "points of growth" of each district (city), in order to achieve the maximum economic effect through accelerated growth of industrial production, increasing export potential and creating new jobs. The priority of certain areas of industry should be determined on the basis of an in-depth analysis of the economic and investment opportunities of the region or city in question, as well as the demand for this product in the domestic and foreign markets.