$43 billion worth of agreements signed at 11 of

A period of major transformation continues in the economy of Uzbekistan. This was reported by Zamin.uz.

During a video conference meeting chaired by President Shavkat Mirziyoyev, the results of the recently concluded fifth Tashkent International Investment Forum were discussed. The figures achieved within the framework of the forum were truly record-breaking.

The main task now is to move these funds from paper to real life. This year's forum once again proved how high the interest of foreign investors in Uzbekistan is.

According to the results of the discussions, 177 agreements were signed, the total value of investments amounted to exactly 43 billion dollars, and 120 new large-scale proposals were put forward by foreign partners. The head of state strictly emphasized that every cent of these funds must serve the welfare of the people: every agreement must turn into a project, a job, and high added value.

During the meeting, certain problems in attracting investments were also openly criticized. It was noted that nearly half of the investments brought into our country over the last five years were concentrated in only four regions.

Furthermore, the return on funds to the economy varies sharply across regions. For example, every 1 million soums of investment adds 273 thousand soums to the gross regional product in Fergana region, 262 thousand soums in Samarkand region, and 117 thousand soums in Bukhara region.

These indicators clearly demonstrate the difference in efficiency between regions. Instead of chasing numbers in attracting investments, a new system based on quality and high efficiency will be established.

Henceforth, science and analytical power will be mobilized to thoroughly develop projects. For this purpose, 14 centers of excellence have been assigned to the 12 most important sectors of the economy, and 37 sectoral scientific institutes and higher education institutions have been involved.

Their main task is to deeply study the economic potential of each region, direct foreign funds toward modern production enterprises that create high added value, implement new technologies, and develop ready-made projects for training personnel suitable for the sector. Uzbekistan is preparing for great strides.

The next task is to distribute these vast funds equally and efficiently to every corner of our country.