President of Uzbekistan Shavkat Mirziyoyev has announced the priority directions of the country’s new investment policy. Uzbekistan plans to attract $50 billion in foreign investments by 2026.
The head of state emphasized that each dollar of investment should not only finance projects but also focus on adopting advanced technologies and producing high value-added products. Special support measures are planned for strategic investors.
Specifically, land plots for project implementation will be allocated directly at market value. When the category of land is changed, investors will have the opportunity to make payments for the unused portion of land in installments.
Additionally, to simplify procedures, an electronic platform operating on the “single-window” principle will be launched. Through this platform, investors will be able to resolve issues related to land allocation, changing its category, obtaining construction permits, and connecting to infrastructure without needing to contact multiple agencies.
It has been determined that all relevant ministries and agencies will be connected to this system.
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