Uzbekistan reached out to the world, and the world embraced Uzbekistan
Thoughts on the third Tashkent International Investment Forum
The world is standing up like a bird's nest built on a poplar tip. Various interstate conflicts are raging. Human discord, living within talatos. On top of that, as a result of overexploitation of Natural Resources, ecology came to the brink of crisis. Global warming, drought, desertification, degradation, and enumeration create such problems that humanity is forced to ask for “forgiveness” from him to justify the sin he has committed before nature.
Let's not go too far, let's remember one of the first Tashkent International Investment Forum three years ago. At the first investment forum in 2022, more than 2 thousand large investors from 56 countries came to Tashkent. Look at this, and in 2023 at the forum, 2,500 participants from 70 countries reached the capital. And in 2024, this amount was increased. That is, more than 2,500 large investors from 93 countries entered the Tashkent land.
Tell me, what is this evidence? Where are the countries of Uzbekistan, USA, England, Africa or East Asia? What do you think are the reasons why large investors are coming to the Tashkent forum from all continents of the world, investing? In my opinion, this is a convenient opportunity created for investors in our country, a business environment for emin-free operation, while on the other hand, peace in our region, peace of mind, I will not exaggerate. In our country there are all the elements recorded in the Mendeleev periodic table. It is clear that this is also attracting investors. But the investor is not anoyi. He cuts one in seven measures. When making its investment, it studies, analyzes the political, economic and social situation in the country from the OB. What do you say this is necessary?
Investment is a profitable resource that will return to itself tomorrow. After that, as large investors explore the country, even the peoples living here learn from mintaletiti to their historical values. A clear example of this is that large businessmen who came to the third Tashkent International Investment Forum are interested in the life, lifestyle, national values and traditions of our people. Because today's modern investor is not just about making a profit and adjusting the pair, he wants both himself and this country to make a profit, tomorrow a good name will remain in his footsteps. Without this, the investor will not be able to achieve his goal clause. From this, at the last investment forum held this year, contracts worth $ 26 billion were signed. It's easy to say. Do you know how much funds will serve as the basis for how much renewal and development.
Like each other, the last forum included a plenary session at the level of the head of state, more than 50 meetings of experts devoted to the discussion of various issues, including panel discussions, round tables and B2B discussions. Each participant of the Forum found points of intersection of interests with partners, studied certain investment projects, discussed the latest trends taking place in dozens of directions and received promising proposals. As we noted above, this can be clear evidence that the world is embracing Uzbekistan, becoming the investment center of our country, Central Asia.
The decision of the president “on measures to ensure the implementation of agreements reached within the framework of the third Tashkent International Investment Forum and the next meeting of the Council of foreign investors”further increased the prestige of the conference. Within the framework of the third Tashkent International Investment Forum and the meeting of the Council of foreign investors, agreements were reached on the implementation of investment projects worth more than US $ 26 billion.
The head of our state noted that over the past three years, this forum has become an effective communication space for expanding bilateral and multilateral cooperation, discussing the most pressing problems, developing advanced ideas and approaches. This, in turn, indicates a huge interest in reforms that do not go back in our country, in establishing mutually beneficial cooperation. The idea that reforms will not go back is a fair truth. Our people now demand that reform be continuous, both from us and from the leadership. Separately, I would like to say that the reforms that have become irreversible in our country will continue, the president said.
Going back to numbers, this year, a record number of participants took part in the forum, and the arrival of delegates, including heads of government, heads of large companies and representatives of prestigious international organizations such as the UN, EBRD, OPEC and SCO, shows an increasing interest in this large investment conference. The Forum provided a unique opportunity to establish business relations in such promising sectors as digital transformation, development of transport and logistics, infrastructure and green economy.
Our opinion is confirmed by the fact that more than 40 events, including sections, round tables and presentations, were held to reveal the investment potential of Uzbekistan. The most important part of the forum was the launch of a number of large projects with the participation of foreign partners. In addition, within the framework of the forum, the second plenary session of the Council of foreign investors under the president of Uzbekistan was held.
The Tashkent Forum once again proved that the East is the center of World Solidarity. Because it is no secret that complex and threatening processes, uncertainties on a global scale in the world seriously undermine the world economy. This threatening situation itself is encouraging countries to unite, cooperate. Uzbekistan is becoming an example of the world in this respect. The strengthening of economic cooperation relations between states is a vital necessity. Of course, it is difficult to describe in words how much the third Tashkent International Investment Forum has gained great importance in it. Because this forum has become the most effective center of communication between large businessmen to expand bilateral and multilateral cooperation, discuss the most pressing problems, develop advanced ideas and approaches.
Another fact lies in the fact that the largest investors in the world will be concentrated in Tashkent. This is closely related to the adoption of our Constitution in the new edition in our country. Because in our Prime, it is established the inviolability of private property, the development of market relations and the creation of conditions for honest competition, the right of entrepreneurs to carry out any activities in accordance with the legislation and independently choose the directions of their activities, the secrecy of bank operations, deposits and accounts. Of course, there is no doubt that this serves as an important factor for the world's businesspeople to bet their funds for Uzbekistan.
The world needed a space for large investors to communicate, find solutions to problems in conditions of deep transformation processes, close ties on goods and services, decreased international trade, decreased investment flows, and most importantly, climate disasters. Tashkent forum they entered the soul. This was discussed by the president in his lecture, who showed that the growth rates of the world economy have been declining for the past three years. Trends related to foreign direct investment also do not justify expectations. In 2023, the total volume of investments in developing countries decreased by 9%.
The head of state noted that today there is an unparalleled struggle for investors in the world, saying that no country can solve such acute problems alone. The spirit of mutual trust and respect emphasized that the principle of mutual support would continue to be a strong pillar of long-term cooperation.
As the leader of Uzbekistan said, the investment and business environment in our country is radically improving. Obstacles to this are being overcome in stages. Every investor who bets his funds on our country is creating every opportunity for him to feel free and confident. For example, our economy has grown almost twice in recent years. Trade turnover rates are increasing. In recent years, more than 60 billion dollars of foreign investment has been mastered in our country. In 2023, the volume of foreign investment almost doubled. It should also be noted that certain results are being achieved in attracting funds from international financial institutions to the social and infrastructure sectors.
Now it is natural to have a question at this point. Why is so much attention paid to this issue in our country? This is due to the fact that the importance of attracting investments in raising our national economy, technical and technological renewal, achieving high stability and economic ups is enormous. That's why Uzbekistan is opening its door big to investors. Take, for example, the energy sector. “ACWA Power”, “Masdar”, “Total Eren”, “Voltalia”, “Ҫalɩk” and “Aksa”, leading companies in the chemical industry such as “Air Products”, “Indorama” and “CAMCE”, in mining and Metallurgy-“Orano” and “DANIELI”, in automotive and electrical engineering, “BYD”, “Kia” and “Samsung”, in the construction sector “Koҫ” and “KNAUF”, and more than 300 investment and industrial projects with major brands we will not exaggerate that these efforts have been brought down and hundreds of thousands of new jobs have been created.
