State Program 2019: Economic Development And Investment Promotion

The President of the Republic of Uzbekistan issued the Decree No. UP – 5635 dated January 17, 2019 (the "Decree") approving a state program for 2019 "The Year of Active Investments and Social Development". The program was devised as a part of the Strategy of Actions for Further Development of Uzbekistan in 2017-2021. It encompasses state incentives that touch all five priority areas; however, this review is concentrated on the area of economy enhancement and attraction of investments.

Priority directions of the State Program

Annex 1 to the Decree provides for a broad range of state incentives and brief descriptions of prospective laws and regulations that are planned to be adopted this year, thereby giving a clear picture about the state's course of action for 2019 and its priorities in the economy. The economic sectors, on which the Government sharpens the focus, are aimed be primarily developed through attraction of direct investments, including foreign ones.