Uzbekistan became a leader in attracting investment in Eurasia

Uzbekistan has become the leading country in attracting investments in the Eurasian region. This was reported by Zamin.uz.

According to the Eurasian Development Bank, the volume of investments attracted to the country has exceeded 10.7 billion US dollars, accounting for 22 percent of the region's total indicator. At the same time, Uzbekistan is also actively participating in investing abroad.

Compared to 2022, the country's capital exports have doubled, reaching 396 million US dollars. The majority of these funds are directed towards the processing industry of other countries in the region.

Overall, the volume of mutual investments among Eurasian countries has reached a record level of 48.4 billion US dollars. Despite the global decline in direct investment flows, this indicator continues to grow in the Eurasian region.

The main driver of growth is private business, which accounts for 72 percent of all investments or 34.7 billion US dollars. The region is gradually moving away from dependence on raw material resources.

While investments directed to the mining industry are decreasing, funds allocated to manufacturing, finance, and construction sectors are increasing. Over the past one and a half years, investments in the processing industry have increased by 1.5 billion US dollars.

Central Asia stands out separately, with regional investment volume reaching 1.3 billion US dollars, a 42 percent increase compared to last year. Approximately 80 percent of the funds are directed to construction, industry, and finance sectors.

Kazakhstan is one of the main economic players in the region and is actively investing in Uzbekistan. Over the past one and a half years, Kazakhstan's investments directed to Uzbekistan have increased by 60 percent.

Source: one.uz