President Shavkat Mirziyoyev convened a meeting on October 22 to discuss vital economic areas such as localization, public-private partnerships, and foreign investment attraction. Over the past seven years, Uzbekistan has attracted more than $78 billion in foreign investments, launched over a thousand public-private partnership (PPP) projects, and started producing 1,800 new types of products domestically.

During the meeting, it was highlighted that there is still significant potential in these areas. Currently, 366 large-scale projects worth $140 billion are being implemented, including $15 billion annually spent on imported equipment, raw materials, and construction supplies, with the potential to increase local content. The automotive sector, in particular, has many untapped opportunities.

Mirziyoyev stressed the need to develop concrete projects and attract investors for PPPs. Plans have been outlined for $30 billion in PPP investments across transportation, social sectors, and public utilities.

In the first nine months of 2024, Uzbekistan attracted $23.66 billion in foreign investments, and it is projected that by the end of the year, the total amount of foreign investment since 2017 will exceed $100 billion.