Investments in Uzbekistan up 8.3% in first half of 2017


TASHKENT (TCA) — Investments in fixed assets in Uzbekistan totaled 26.6 trillion soums (US $7.5 billion) in January-June 2017, an 8.3-percent increase on-year, the Jahon information agency reported.

According to the State Statistics Committee of Uzbekistan, investments from the state budget were directed to fulfill targeted investment programs aimed to support the social sphere and develop the infrastructure of Uzbekistan.

A total of 5.308 trillion soums (20%) were directed at crude oil and natural gas sectors, 3.7 trillion soums (13.9%) at manufacturing industry, including 500.3 billion soums (1.9%) for food, beverages and tobacco and 636.9 billion soums (2.4%) for textiles and clothing.

Investments worth 477.6 billion soums (1.8%) were directed at the chemical industry, 519.3 billion soums (2%) at non-metallic and non-mineral sectors, 474.5 billion soums (1.8%) at metallurgy, 1.653 trillion soums (6.2%) at electricity, gas, steam and air conditioning, 956 billion soums (3.6%) at construction, 2. 183 trillion soums (8.2%) at transportation and storage, 1.306 trillion soums (4.9%) at wholesale and retail trade, 809.5 billion soums (3%) at information and communication, 1.07 trillion soums (4%) at professional, scientific and technical activities, 451.5 billion soums (1.7%) at education, and 5.167 trillion soums (19.4%) at housing construction.

In January-June 2017, the volume of foreign investments and credits in fixed assets reached 6.556 trillion soums, which is 13.8% more than in the same period in 2016.

The share of direct foreign investments and credits of the non-state sector of the economy in the total volume of foreign investments and loans amounted to 90.3% in the first half-year.

Significant volumes of foreign investments and credits were utilized in such sectors as crude oil and natural gas – 67.6% of the total investment (an increase by 34.9 percentage points compared to January-June 2016), information sector – 9.9% (increase by 1.7 percentage points), and production of chemical products – 2.2% (increase by 0.5 percentage points).

At the same time, investments reduced in transportation and storage, production of textiles and clothing; electricity, gas, steam and air conditioning; and non-metallic mineral products.

Sergey Kwan