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Uzbekistan to spend $3 bln worth of foreign investment in 2013

Uzbekistan plans to spend $3.017 billion worth of foreign investment on 151 projects next year, a source in government circles has told Interfax.
By Sophie Davies 14 December 2012 Europe & Russia / Companies & Finance 0 14847

Uzbekistan plans to spend $3.02 billion worth of foreign investment on 151 projects next year, a source in government circles has told Interfax.

The spending is enshrined in the country's investment programme for 2013, which has been confirmed by a decree of Uzbek President Islam Karimov.

In particular, Uzbekistan plans to spend $836.5 million in foreign loans under government guarantee on 56 projects, as well as $2.18 billion in foreign direct investment on 95 projects.

The lion's share of foreign investment - $2 billion on 34 projects - will...