Page 95 - Theoretical and Practical Interpretation of Investment Attractiveness

mandatory allocations to the Republican Road Fund and the Fund for Reconstruction, Perfect
Repair and Equipment of Educational and Medical Institutions from the state register of these
enterprises it was determined that it has the right to apply the norms and rules in effect on the
date of transition.
2. A procedure was established that within the framework of investment projects whose
value exceeds 50 million US dollars and the share of a foreign investor is at least 50 percent,
the construction of the necessary external engineering and communication networks outside
the production area is determined to be carried out at the expense of budget funds and other
internal financing sources 127 .

Summary of the second chapter
1. Summarizing the above-mentioned analysis and considerations, it should be noted
that in the context of increasing modernization processes, it is appropriate for the medium-
and long-term investment strategy of the state to focus on solving the following tasks:
- consistent implementation of structural changes aimed at ensuring high
competitiveness of the national economy;
- development of models for efficient use of economic resources and optimal use of
economic resources based on the law of finite diminishing of capital resources in increasing
territorial wealth;
- to ensure the steady development of the regions and to develop and implement
comprehensive programs that serve their uniform development without large differences;
- support leading priority sectors that serve to increase the import and export potential
of the economy, as well as create high added value;
- support of priority investment projects aimed at the development of the regional
infrastructure sector;
- ensuring the attractiveness of the investment environment in order to increase the
innovation-investment activity of local and foreign investors;
- creating a favorable business environment that serves to organize joint projects based
on high technologies and creating high added value.
2. In our opinion, economic potential as an economic category determines the state and
capabilities of the economic system and serves to ensure the emergence of high economic
potential. It is important to take into account not only the production of goods and services,
but also their quality, the competitiveness of enterprises and the efficient functioning of the
economic system in the future.
It should be noted that the economic potential is considered as a consequence in the
policy of administrative and economic management of regions, and the future position of the
region is determined by its effective use. That is why it is important to correctly assess the

127 Decree of the President of the Republic of Uzbekistan. On additional measures to encourage the attraction of foreign
direct investments. Collection of legal documents of the Republic of Uzbekistan, 2012, No. 15, Article 167; 2013, No. 12,
Article 150.

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