Uzbekistan has received close to US$ 2 billion foreign investment so far in the year 2012; Islamic Development Bank to provide a US$ 100 million loan to Uzbekistan for upgrading and capacity building of two hydropower stations; United States to build two
  • Share
  • Tweet
  • Email
  • Whatsapp
  • Linkedin
  • Print
  • (NOVEMBER 5-11)

    Reports noted that Uzbekistan has attracted $2 billion in foreign investment in the first nine months of 2012 which is an increase of 9.6 per cent as compared to the previous year. Foreign investment allowed for the completion of 106 projects, which included the construction of a compressor station for thermal power plants in the central region of Navoi, the expansion and reconstruction of the Kalmakir gold, silver, and copper mine, as well as a new complex for assembling automobiles in the Samarkand region. 1

    In another development, according to reports, Islamic Development Bank to provide a US$ 100 million loan to Uzbekistan for upgrading and capacity building of two hydropower stations in the country’s eastern mountains. 2

    In other developments, reports noted that the United States has provided a US$ 4.1 million donation to Tajikistan in order to build two new guard posts on the country’s border with Afghanistan. 3

    Tajikistan has received U$ 38 million grant from the World Bank in order to cover Tajikistan’s budget deficit and upgrade the government’s tax collecting capabilities. 4

    French energy major Total has purchased 75 percent interest of two onshore Kazakh exploration blocks. French-Kazakh ties were intensified during the administration of former French President Nicolas Sarkozy, with over $11 billion in agreements reached in nuclear energy and mining at a bilateral business forum in February. 5

    Top