More than five billion U.S. dollars (USD) have been invested in Tajikistan’s economy over the past five years. A totaled included 2 billion USD provided in a form of foreign direct investment (FDI).
Tajik President Emomali Rahmon noted this today while inaugurating the International Entrepreneurship Investment Forum in Dushanbe.
The forum entitled “Development of Entrepreneurship and Investment, and Modern Economic Processes” is expected to provide a wide range of opportunities for the dialogue between entrepreneurs and investors regarding the innovation entrepreneurship development, improvement of economic reforms and attraction of foreign and domestic investment.
Speaking at the event, the head of state noted that the attracted funds had been invested mainly in enhancement of industrial, construction, energy and tourism sectors.
“The share of the private sector in the structure of gross domestic product (GDP) has risen 12 percent over the past five years, reaching 70 percent,” Rahmon said.
He stressed that due to attraction of foreign direct investment the share of the industrial sector in the country’s GDP last year amounted to 17 percent.
Rahmon noted that Tajikistan had enough potential to export finished products and pointed to the necessity of taking efforts to increase export of the finished products.
He also said that economic entities should effectively use benefits and preferences provided by the country’s legislation.
On the tax collection problems, the head of state note that 1.240 billion somoni worth of tax evasion cases had been revealed in the country over the last year and the first eight months of this year.
It is to be noted that foreign investment in Tajikistan is a major monetary source for economic development the country.
