Problems and Solutions of Attracting Investments in Economic Regions

  • Jiyanov Laziz Najimovich Lecturer at the Department of Accounting and Statistics, Bukhara State University
Keywords: Uzbekistan, investment climate, economic regions, foreign direct investment (FDI), regional development, SWOT analysis, investment policy, economic growth, infrastructure, public-private partnership

Abstract

This study examines the pressing challenges and viable solutions associated with attracting both foreign and domestic investments to the economic regions of Uzbekistan. Although the country has made substantial progress in reforming its investment climate—evident in legal enhancements, infrastructure upgrades, and the creation of special economic zones—persistent regional disparities and bureaucratic inefficiencies continue to hinder balanced development. By analyzing statistical trends from 2020 to 2024 and identifying key investor countries, this research provides a comprehensive overview of investment dynamics in the country. A SWOT analysis is utilized to diagnose internal strengths and weaknesses alongside external opportunities and threats. The study concludes by offering targeted policy recommendations that emphasize innovation, regional infrastructure, human capital, and public-private partnerships as essential pillars for fostering long-term, inclusive growth across Uzbekistan’s diverse economic landscape.

References

[1] World Bank, "Uzbekistan Country Economic Memorandum," Washington, DC: World Bank Group, 2023.
[2] UNCTAD, "World Investment Report 2022: International Tax Reforms and Sustainable Investment," Geneva: United Nations, 2022.
[3] Asian Development Bank, "Uzbekistan: Promoting Private Sector Development and Investment," 2021.
[4] State Committee on Statistics of the Republic of Uzbekistan, "Investment Statistics 2020–2024," 2024.
[5] Ministry of Investment, Industry and Trade of Uzbekistan, "Annual Investment Report," 2023.
[6] OECD, "Enhancing Regional Investment in Central Asia: Policy Perspectives," Paris: OECD Publishing, 2020.
[7] O. Abdukarimov, "The Role of Special Economic Zones in Regional Development of Uzbekistan," Central Asian Economic Review, vol. 3, no. 1, pp. 45–59, 2022.
[8] S. Davronov and B. Juraev, "Foreign Direct Investment Trends in Uzbekistan: A Regional Analysis," Journal of Development Economics and Policy, vol. 12, no. 2, pp. 88–101, 2023.
[9] United Nations ESCAP, "Investment Facilitation for Sustainable Development in Asia-Pacific Economies," 2021.
[10] U. Zokirov, "Barriers to Attracting Investment in Uzbekistan’s Regions: Legal and Institutional View," Uzbek Journal of Legal Studies, vol. 5, no. 3, pp. 34–47, 2021.
[11] EBRD, "Transition Report: Business Environment in Central Asia," London: EBRD, 2022.
[12] G. Abdullaeva, "Infrastructure and Investment Attractiveness in Regional Uzbekistan," Economic Sciences, vol. 4, no. 2, pp. 23–37, 2020.
[13] M. Karimova and N. Tashkenbaev, "Investment Climate Reforms in Uzbekistan: SWOT-Based Evaluation," Int. J. Emerging Markets, vol. 18, no. 1, pp. 135–150, 2023.
[14] IMF, "Republic of Uzbekistan: Selected Issues Paper," Washington, DC, 2021.
[15] USAID, "Regional Economic Development in Uzbekistan: Constraints and Opportunities," 2023.
Published
2025-05-15
How to Cite
Laziz Najimovich, J. (2025). Problems and Solutions of Attracting Investments in Economic Regions. Central Asian Journal of Innovations on Tourism Management and Finance, 6(3), 709-715. https://doi.org/10.17605/cajitmf.v6i3.911
Section
Articles