established enterprises is carried out within the framework of one instance that registers enterprises in accordance with legislation of the Republic of Uzbekistan. It also should be noted that the authorized state bodies come to a decision on the state registration of a business entity as a legal entity or refusal in registration within 3 working days.
Favourable investment climate and stimulating measures, as well as guaranteed protection of the rights of investors, contributed to the increase in the volume of accumulated investments to $ 190 billion, including almost $ 70 billion of foreign investments. Only in 2016 the volume of attracted foreign capital has exceeded 3.7 billion US dollars. Today, Uzbekistan’ s most promising areas for foreign direct investment are oil and gas sector, first and foremost it is in-depth processing of hydrocarbon raw materials and production of high value added products; chemical industry, in particular, the production
of polyvinyl chloride, plastics, new types of chemical fertilizers; mechanical engineering; electro-technical field; production of construction materials; textile industry; mastering of mineral resources, including search and joint development of new deposits of natural resources; introduction of alternative energy sources; information technologies. What attracts foreign investors to Uzbekistan? First, an important advantage of our country is that Uzbekistan is one of the few countries
in the world economy with absolute energy independence. Uzbekistan possesses huge reserves of minerals and natural resources. The country occupies leading positions in the world in terms of gold, uranium, copper, silver, lead, zinc, tungsten, rare metals and other resources. The country is among the top ten countries on reserves of oil and gas, coal and uranium.
2 www. uzbekistan. be
Uzbekistan profile | January- 2017