Tashkent hosted an international conference on “Ongoing work to attract investments to improve the population’s well-being, support entrepreneurship and plans for the future”.

The event was attended by the heads of 15 foreign companies, including Data Volt, Marubeni Corporation, SUEZ, ACWA Power, Masdar, OTP Green Fund, CAMSE, Vision Invest, and Data Volt, as well as the heads of almost 80 companies in Uzbekistan.

The event’s purpose was to present to the international community information on the economic reforms carried out in Uzbekistan under the leadership of President Shavkat Mirziyoyev, which aimed, in particular, at improving the investment environment and supporting entrepreneurship.

Akram Aliyev, Deputy Minister of Investments, Industry and Trade, noted that in 2017-2023, Uzbekistan achieved significant economic growth and took a leading position in the region regarding development.

The conference participants confirmed that Uzbekistan’s economic growth rate constantly exceeds the regional average, which indicates the country’s financial sustainability. A decrease in the inflation rate from 15 to 8 percent and a decrease in the poverty rate from 17 to 11 percent in 2021-2023 indicate that the country’s economy is becoming active and competitive.

Akram Aliyev also announced the intended goal – doubling labor efficiency and bringing the volume of exports to $45 billion.

An agreement was reached on implementing long-term plans, particularly on ensuring economic sustainability by attracting investment and supporting entrepreneurship.

Bekhruz Khudoyberdiyev, UzA