Uzbekistan attracts US$929.8 million of FDI in 1Q

Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan used foreign direct investments (FDI) for US$929.8 million in the first quarter of 2010, which is up 2.6 times year-on-year, the statement of the Economy Ministry and the State Statistics Committee of Uzbekistan said.

Share of FDI in total share of foreign investments and credits reached 94.8% against 85.3% in the same period of 2009, the document said.

The statement said investment policy helped to realize strategic projects, directed at modernization and re-equipment of leading industries, development of transport and communication infrastructure.

In the result, Uzbekistan used investments for 2.91 trillion soums in the first quarter of 2010, which is up 1.2% year-on-year. About 79.5% of investments were directed at construction of production capacities.