President Shavkat Mirziyoyev created a direct investment fund of Uzbekistan with a capital of $ 1 billion, the UzTAG reports.

“To agree with the proposals of the State Committee for Investments, the Ministry of Finance, the Ministry of Economy and Industry, the Fund for Reconstruction and Development of the Republic of Uzbekistan to establish the Direct Investment Fund of the Republic of Uzbekistan (hereinafter referred to as the Fund) with a declared capital of $ 1 billion,” the presidential decree says.

About the State Program for the implementation of the Action Strategy for the five priority areas of development of the Republic of Uzbekistan in 2017-2021 in the “Year of active investment and social development”.

According to the document, its main tasks will be to attract foreign direct investment and innovative technologies to expand the production potential, also further increase the competitiveness of the republic’s economy, stimulate and develop investment activities by forming long-term mutually beneficial partnerships with private domestic and foreign investors, evaluating investment proposals, developing and implementation of investment projects, assistance in improving investment of climate, as well as a wide promotion of the investment potential and opportunities of the republic abroad.

“The Qazaq Times”