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Uzbekistan plans to master $3bn of foreign investments in 2013

13 December 2012 13:19 (UTC+04:00)
Uzbekistan plans to master $3bn of foreign investments in 2013

Uzbekistan plans to master foreign investments in the amount of $ 3.017 billion for 151 investment project in 2013, according to the state investment program approved by the country's president, Trend news agency reported.

$836.5 million of the total planned amount of investments, will be mastered for 56 projects through foreign loans guaranteed by the government, while mastering of $2.18 billion for 95 projects is planned through direct foreign investments.

The largest volume of foreign investments -2.002 billion for 34 projects - is scheduled for mastering in the energy sector, including mastering 1.724 billion for 22 projects through direct investments of foreign companies.

In particular, Russian oil company Lukoil will invest $678.5 million within two PSAs with total cost of $ 4.3 billion in Uzbekistan.

The consortium of Korean companies led by Kogas will continue construction of Ustyurt gas-chemical complex with total cost of $4.1 billion in the north-west of the country. Next year, mastering $602.3 million of foreign investment is planned within the project.

China's CNPC will invest $260 million in the construction of the third line of the Central Asia - China gas pipeline's Uzbek section with total cost of $ 2.1 billion.

Previously, it was reported that the investment program for 2012 envisages foreign investment in the amount of $3.198 billion.

According to official statistics, in 2011, the volume of mastered foreign investments increased by four per cent, reaching $ 2.9 billion, while direct investments decreased by 4.2 per cent, to $ 2.3 billion. The share of foreign investments in the total capital of investments in the economy amounted to 25.1 percent last year compared to 28.8 percent a year earlier.

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