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Government plans to attract $676 million for ICT development

During 2020-2022, Uzbekistan plans to attract $676.8 million of investments to support the projects in the field of information technologies and communications, the press service of the Finance Ministry reported.

In 2020, the total investment will amount to $178.7 million, of which foreign direct investments will be $139.2 million, foreign loans under state guarantee – $37.5 million;

In 2021, the total investment will amount to $241.7 million, of which foreign direct investments will be $171.9 million, foreign loans under state guarantee – $67.7 million;

In 2022, the total investment will amount to $256.4 million, of which foreign direct investments will be $180.1 million, and foreign loans under state guarantee – $73.1 million.

In accordance with the presidential decree No. 4699 “On measures for the widespread adoption of the digital economy and e-government”, dated April 28, 2020, 35 priority projects worth 17.6 trillion soums are planned to be implemented in the field of ICT development.

Of these, the planned volume of attracted foreign direct investment and non-guaranteed loans is 44.8%, loans under state guarantees – 33%.