Tashkent, Uzbekistan (UzDaily.com) -- In January-September 2020, compared to the corresponding period of last year, there was a decrease in investment activity. The investments in fixed assets decreased by 8.7%.

In January-September 2020, 138.1 trillion soums of investments in fixed assets were disbursed, of which 63.7%, or 88.0 trillion soums, financed by borrowed funds, the remaining 36.3%, or 50.1 trillion soums, at the expense of own funds of enterprises and the population.

Out of the total volume, due to centralized sources of financing, 30.18 trillion soums of investments in fixed assets, or 21.8%, were disbursed, which is 6.7 percentage points less than in the same period last year.

Accordingly, at the expense of decentralized sources of financing, 107.98 trillion soums of investments were disbursed, or 78.2% of their total volume, which is 6.7 percentage points more than in the same period last year.

In January-September 2020, 37.91 trillion soums of investments in fixed assets, or 27.5% of their total volume, were spent at the expense of the own funds of enterprises and organizations. At the expense of the population, 12.15 trillion soums of investments, or 8.8%, were spent. 

Due to direct foreign investments, 15.08 trillion soums were spent, which, compared to the corresponding period of last year, is less by 5.0 percentage points, or 10.9% of their total volume.

Along with this, due to bank loans and other borrowed funds, 19.72 trillion soums were disbursed (of the total volume of investments in fixed assets 14.3% and this indicator, compared to the corresponding period of last year, decreased by 1.4 p.p.), foreign loans guaranteed by the Republic of Uzbekistan, amounting to 18.46 trillion soums (13.3% decreased by 1.4 p.p.), other foreign investments and loans – 23.04 trillion soums (16.7% increased by 8.1 p.p.), the Fund for Reconstruction and Development – 1.36 trillion soums (1.0% decreased by 3.4 p.p.), the Republican budget – 8.98 trillion soums (6.5% decreased by 2.0 p.p.), the Fund for the Development of Water Supply and Sewerage Systems – 1.36 trillion soums (1.0% increased by 0.1% p.p.) of their total volume.

The highest indicators and growth rates in terms of sources of financing for investments in fixed assets were noted for non-guaranteed and other foreign investments and loans, which, compared with the corresponding period of the last year, amounted to an increase of 77.9%. This is associated with large investment projects, in particular with such as the organization of production and production of cement, electronic gas meters, yarn, medicines in the form of infusion and injection solutions, the construction of a mine for the extraction and processing of gold ores of the Auminzo-Amantai ore field - I- Stage II, development of the Muruntau open pit (Stage V) - Stage I, construction of a complex for processing industrial waste - Stage I-II, construction of the Tashkent Metallurgical Plant, etc.

As for investments financed by direct foreign investments, in comparison with the corresponding period of the last year, a decrease of 37.0% was observed. This can be explained by investment activity last year on such projects as the organization of cement production, the construction of a five-star Hilton hotel and Congress Hall on the territory of the Tashkent city IDC, the construction of a metal processing plant, a textile factory, etc.

In the territorial context of investments in fixed assets, the highest growth rates were noted in Syrdarya region - 116.9%, which is more than in the corresponding period of last year. This result was achieved due to the phased modernization of the power units of the Syrdarya TPP.

Along with this, high growth rates were observed in Bukhara region - 7.6%. This result can be explained by the development of investments under the Program for 2017-2021 to increase hydrocarbon production.

Investment growth by 7.2% in relation to the corresponding period of last year in Jizzakh region is primarily associated with the construction of cement plants. 

A high share in the republic in terms of investments in fixed assets is occupied by the city of Tashkent - 20.7%, Kashkadarya - 10.4% and Tashkent region - 8.9%.

In the technological structure of investments in fixed assets in the Republic of Uzbekistan, 71.94 trillion soums were allocated for the purchase of machinery, equipment and inventory, which made up 52.1% of their total volume, investments in construction and installation works reached 57.14 trillion soums (share in the total volume 41.4%), for other expenses – 9.02 trillion soums (6.5%).

The highest share of construction and installation works in the total volume of investments in fixed assets was observed in Bukhara region - 59.0%, or 5.1 trillion soums.

The lowest level of this indicator was noted in Jizzakh region - 25.0%, or 1.71 trillion soums and, accordingly, in this region the highest share of expenses for the purchase of machinery, equipment and inventory was recorded - 72.5%, or 4.95 trillion soums.

Most of the investments in fixed assets in the reporting period were directed to new construction, the volume of which reached 68.76 trillion soums, which amounted to 49.8% of its total volume. 

Investments for expansion, reconstruction, modernization and technical re-equipment of existing facilities made up 38.35 trillion soums, or 27.8% of their total volume. The remaining 22.4%, or 30.99 trillion soums, were sold in other directions. 

As a result of the development of investments under the Program for 2017-2021 to increase hydrocarbon production, the largest share of investments aimed at new construction was noted in Kashkadarya region, which reached 68.2% of the total.

The manufacturing industry prevails in the structure of investments in fixed assets by type of economic activity. At the expense of all sources of financing in this industry, 44.58 trillion soums, or 32.3% of the total investment in fixed assets, were disbursed. The following three types of activities are leading in the manufacturing industry: 

- production of textiles – 11.18 trillion soums (share in the total volume of investments in fixed assets 8.1%); 

- production of other non-metallic mineral products – 9.63 trillion soums (7.0%); 

- metallurgical industry – 8.19 trillion soums (5.9%).

In the mining industry, 14.18 trillion soums, or 10.3% of the total volume in the republic, were mastered, of which 7.7%, or 10.61 trillion soums of investments in fixed assets, were mastered in the extraction of crude oil and natural gas resources.

In January-September 2020, 56.59 trillion soums, or 40.9% of the total investment in fixed assets, were foreign investments and loans. 

In the overall structure of foreign investments and loans, foreign investments reached 17.07 trillion soums and, accordingly, 39.52 trillion soums fell on foreign loans.

Direct foreign investments and loans in the noted period amounted to 38.13 trillion soums, foreign loans guaranteed by the Republic of Uzbekistan – 18.46 trillion soums. 

The growth rates of foreign investments and loans, compared to the same period last year, decreased by 4.1%.

In total, 1 122.3 km of water supply networks, 47.0 km of gas networks were commissioned in the republic.

In general, for the construction of water supply networks, 515 billion soums of investments, gas networks – 4.75 billion soums.

For social facilities, hospitals with 1 250 beds, polyclinics designed for 2 025 visits, schools with 77 951 student places, as well as preschool educational institutions for 5 510 places have been put into operation.