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TASHKENT, Jun 10 (APP): President of the Republic of Uzbekistan Shavkat Mirziyoyev on Tuesday said that the volume of investments into the Uzbekistan national economy reached at $35 billion and exports amounted to $27 billion in the last Fiscal Year 2024. This is also a practical result of the Tashkent International Investment Forum, now being held for the fourth consecutive year and the country’s gross domestic product has doubled over the past eight years and we have set a goal to increase it to $200billion by 2030”, he said.
President of the Republic of Uzbekistan Shavkat Mirziyoyev said this while addressing The fourth Tashkent International Investment Forum (TIIF) along with other regional leaders in Tashkent. Today’s Fourth Tashkent International Investment Forum (TIIF) is attended by more than 7.5 thousand delegates, including almost 3 thousand foreign guests from around 100countries, he said. “We see this as a true expression of respect for our country, as well as an indication of mutual trust and close cooperation” he said.
On the issues “I have just outlined, we urge all our partner states to engage in open and broad-based international cooperation, because the core theme of the forum is investments that guarantee not only economic development, but also peace and stability” the President said. Shavkat Mirziyoyev said the effectiveness of reforms in New Uzbekistan is duly reflected in international rankings and our position in the Index of Economic freedom has risen by 48 places over the past five years.
Uzbek President said that attention is waning to the most pressing problems of humanity: food security, poverty and climate change and it is more important than ever to restore peace, justice and a shared belief in human dignity around the world. In the current challenging environment, we are focusing our primary attention on maintaining economic stability in Uzbekistan and we all understand that today, the world economy is on the threshold of a new era and changes, he said.
The President of Uzbekistan said that we would also attract $4 billion to upgrade the power grids and in this regard, this year, we would transfer the Samarkand power grids, and next year, another 8 regional power grids to private partnership. In addition, he said, we have launched the sale of green certificates and carbon units for the first time. This year, we will join global carbon markets and create a “Green Uzbekistan” climate investment platform. The President said that digital technologies and AI were turning into the “drivers” of the economy and this year alone, IT exports in our country would reach $1 billion. We have enough potential and opportunities to increase this figure fivefold by 2030, he added.
He said that Uzbekistan was home to substantial reserves of minerals, including tungsten, molybdenum, magnesium, lithium, graphite, vanadium, titanium and others. In total, he told, the potential of our subsoil resources is valued at $ 3trillion. “We have all the necessary capabilities to transform our region into a hub for the production of high value-added goods from minerals”. In this regard, he told we are constructing “Metals of the Future” techno parks in the Tashkent and Samarkand regions.
Talking about regional cooperation, he said as a result of our open and friendly policy towards our neighbors in recent years, a new environment for cooperation has been created in Central Asia. It notes that the volume of trade with our neighbors has increased by more than 3.5times in eight years, reaching almost $13 billion.
The construction of the China-Kyrgyzstan-Uzbekistan railway has begun, and significant progress has been made on preparing major energy and infrastructure projects to connect the regional countries.
In his concluding remarks, he said, “I am also delighted to welcome His Excellency Rumen Radev, President of Bulgaria, His Excellency Robert Fico, Prime Minister of Slovakia, His Excellency Olzhas Bektenov, Prime Minister of Kazakhstan, Excellency Adylbek Kasymaliev, Chairman of the Kyrgyz Government, His Excellency Kohir Rasulzoda, Prime Minister of Tajikistan, His Excellency Ali Asadov, Prime Minister of Azerbaijan, Deputy Prime Minister of Russia Mr. Alexander Novak and Deputy Chairman of the Cabinet of Ministers of Turkmenistan Mr. Nokerguli Ataguliev, who are with us today. I would also like to welcome the distinguished delegations from Russia, China, the United States of America, and the Arab, European, Asian, and African countries, he expressed.