Large-scale work is being carried out in these areas that drive the economy. Over the past seven years, Uzbekistan has received more than $78 billion in foreign investment. A law on public-private partnerships has been adopted, and over a thousand projects have been launched. The production of 1,800 types of new products has been established.

At the same time, the potential is still enormous. Each of these areas was analyzed at the meeting, and additional opportunities were identified.

Currently, 366 major projects worth $140 billion are being implemented in all industries. Within the framework of investment projects, equipment, raw materials, and building materials worth $15 billion are imported annually. It was noted that the share of local products can be increased in each project.

Such opportunities exist in the country’s prominent industries. For example, in accordance with the program for developing the energy sector until 2030, 164 energy facilities worth $36 billion will be built. Of these, 88 are based on public-private partnerships.

A program for 1 billion 230 million dollars has also been adopted in the mining industry. Local enterprises are tied to large industrial plants on a mutually beneficial basis.

There are also many untapped opportunities in the automotive industry. In neighboring countries, the annual demand for auto parts is $1 billion.

It was noted that when localizing, special attention must be paid to manufacturing products that are competitive in both price and quality, as well as increasing exports.

The need to develop specific projects in these areas and turn opportunities into results was emphasized. Proposals were made to develop cooperation between industries and regions and to increase the share of domestic products and services in government procurement.

Investment projects worth $30 billion were recently approved based on public-private partnerships. In particular, programs worth $10 billion are envisaged in the transport sector, $6 billion in the social sector, and $5 billion in the utilities sector.

The tasks of attracting investors to these projects and effectively directing funds were noted.

The dynamics of foreign investment and plans were also considered at the meeting.

Over the first nine months of this year, $23 billion 660 million in foreign investment was received. Also, 120 extensive production facilities worth $4 billion 600 million were launched.

This pace will be maintained until the end of the year. Thus, the total amount of foreign investment attracted in 2017-2024 is expected to exceed $100 billion.

At the meeting, the responsible persons presented information on plans for completing the assigned tasks.