State Investment Committee (Uzbekistan)

The State Committee of the Republic of Uzbekistan for Investments (hereinafter - the Committee) is an authorized government body responsible for coordinating the formation and implementation of a single state investment policy, as well as attracting foreign investment.

The Committee in its activity is accountable to the Cabinet of Ministers of the Republic of Uzbekistan.

The main tasks and activities of the Committee are:

• coordination of work on the formation and implementation of a unified state investment policy, including the attraction of foreign investments aimed at stimulating the expansion of investment in the economy and regions of the country, further improving the investment climate in the country, supporting the development of enterprises with foreign capital;
• development and implementation of measures to further improve the regulatory framework in the field of attracting foreign investment and create even more favorable conditions for expanding investment activities in the territory of the Republic of Uzbekistan;

• participation in the formation, coordination and implementation of monitoring of the annual investment programs of the Republic of Uzbekistan and regional investment programs, including those related to foreign investment projects, maintaining a unified database of investment proposals for attracting foreign investment, loans and financial and technical assistance;
• development of proposals on the development and diversification of the areas of investment cooperation of the Republic of Uzbekistan with foreign countries, international economic and financial institutions, foreign banks, funds, agencies, companies and other subjects of international law on a mutually beneficial basis;
• coordinating the activities of state and economic management bodies, local government bodies, advisers on trade and economic issues of diplomatic representations of the Republic of Uzbekistan abroad and permanent representatives of the Republic of Uzbekistan in international organizations in identifying and implementing the main directions for attracting foreign investments, as well as implementing investment cooperation with international financial institutions and foreign investors;