Strategies for Enhancing Foreign Direct Investment in Uzbekistan

Recently, the role of foreign direct investment in economic development in emerging countries has been emphasized. Therefore, competition for FDIs among countries has been on the rise. Since Uzbekistan is an emerging country, it is vital to develop effective strategies for attracting FDIs from other countries. This paper seeks to conduct an evaluation on the efforts made by Uzbekistan in enhancing its competitiveness in the global environment for attracting FDIs. In analyzing the investment environment and formulating effective strategies for attracting FDIs, Global RPM and QSPM methods have been used in combination with expert interview techniques. In this research, Global RPM analysis is used for evaluating globalization, rationality, professionalism, and morality for FDIs in UzbekistanMoreover, by using these strategies for attracting FDIs in Uzbekistan, economic development could be promoted, and new employment opportunities could be created for its citizens.