Uzbekistan uses investments for US$7.5bn in 1H

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Uzbekistan uses investments for US$7.5bn in 1H

Tashkent, Uzbekistan ( — Total volume of investments in fixed assets in Uzbekistan made up 26.6 trillion soums (in dollar equivalent – US$7.5 billion) in January-June 2017, which rose by 8.3% year-on-year.

According to the State Statistics Committee of Uzbekistan, the ratio of investment in fixed assets to GDP made up 25.9%.

Investments from state budget were directed to fulfill targeted investment program, purpose of which was to support social sphere and life support systems, development of the infrastructure of Uzbekistan.

About 5.68 trillion soums were directed to 5.68 trillion soums (21.4% of total volume of investments), including 5.308 trillion soums (20.0%) – crude oil and natural gas, 3.7 trillion soums (13.9%) – manufacturing industry, including 500.3 billion soums (1.9%) – food, beverages and tobacco, 636.9 billion soums (2.4%) – textiles and clothing.

Investments for 477, 6 billion soums (1.8%) were directed to chemical industry, 519.3 billion soums (2.0%) – nonmetallic non-mineral, 474.5 billion soums (1.8%) – metallurgy, 1.653 trillion soums (6.2%) – electricity, gas, steam and air conditioning, 956.0 billion soums (3.6%) – construction, 2 183.7 billion soums (8.2%) – transportation and storage, 1 306.3 billion soums (4.9%) – wholesale and retail trade, repair of motor vehicles and motorcycles, 809.5 billion soums (3.0%) – information and communication, 1.07 trillion soums(4.0%) – professional, scientific and technical activities, 451.5 billion soums (1.7%) – education, 5.167 trillion soums (19.4%) – in housing construction.

In January-June 2017, the volume of foreign investment and credits in fixed assets reached 6.556 trillion soums, which is 13.8% higher compared to 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 for the reporting period amounted to 90.3%.

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

At the same time, the volume of investments was reduced in such sectors as transportation and storage – 4.7% (9.6 percentage points), production of textiles and clothing – 3.0% (1.9 percentage points), electricity, gas, steam and air conditioning – 1.6% (by 11.6 percentage points), non-metallic mineral products – 1.3% (by 1.3 percentage points).


Source  :  UzDaily

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