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Uzbekistan steps up efforts to attract foreign investors

Uzbekistan needs to make further reforms to attract the foreign investment necessary to unleash its renewable energy potential and expand its gas sector Uzbekistan needs to make further reforms to attract the foreign investment necessary to unleash its renewable energy potential and expand its gas sector.
By Andreas Walstad 8 October 2018 0 32822
A well in Uzbekistan Drilling in Uzbekistan. (Gazprom)

Uzbekistan has plentiful gas and renewable energy resources, but the country’s totalitarian regime and lack of economic liberalisation have typically put off foreign investors.

However, there are signs Uzbekistan’s business environment is improving, and recent reforms have helped boost investor confidence in the country’s energy sector. The rate of growth in Uzbekistan’s economy is now the fifth-highest in the world, and the country is ranked 74th on the World Bank’s ‘ease of doing business’ list, up from 166th last year.

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