The Investment Will Be Controlled By The New Agency For Strategic Development
PROJECTS AND INVESTMENTS TO BE HANDLED BY THE AGENCY FOR STRATEGIC DEVELOPMENT OF UZBEKISTAN
The President signed a new Decree No.PD-6264 dated 19.07.2021 "On measures to establish the Agency for Strategic Development of the Republic of Uzbekistan".
The Decree determines the main directions and steps for the creation of the Agency:
study of strategic issues of attracting investment and implementing projects in the context of industries and regions, identification of promising industries and areas of investment activity;
organisation of systematic work to improve the investment climate and foreign trade activities in the country, creating conditions for further improving the competitiveness of regions and industries, establishing close cooperation with international organisations in order to form and promote a positive image of the country;
ormation and constant maintenance of the rating of investment attractiveness of regions and sectors of the economy using international methods and conducting regular surveys, conducting on this basis an analysis and evaluation of the effectiveness of the activities of state bodies in solving problems in the field of improving the investment climate, the development of regions and industries;
organisation of the work of the Secretariat of the Council of Foreign Investors under the President of the Republic of Uzbekistan, as well as the resident office of the Adviser to the President of the Republic of Uzbekistan on economic development, effective governance and international cooperation;
development of proposals to determine the strategy and policy for further increasing the investment attractiveness and export potential of regions and industries, the effective use of free economic zones;
coordination of work on the organisation of investment forums in the Republic of Uzbekistan, including expert and analytical support and development of recommendations based on the results of their holding;
implementation of targeted monitoring of the effectiveness of the implementation of reforms for the development of regions and sectors of the economy, development of proposals to eliminate systemic problems that hinder their implementation;
development of recommendations for the protection of the interests of the Republic of Uzbekistan in matters of trade and economic relations and investment cooperation with foreign partners;
Thus, the new Agency received the status of a state organisation with its own management structure and was given part of the powers of the existing Ministry of Investment and Foreign Trade of Uzbekistan.
The agency will allow investors to receive more detailed information about new projects, materials and roadmaps, which in turn will increase the efficiency and attractiveness of Uzbekistan as a promising and developing country for foreign investment.
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