Sunatullaeva Shakhnoza Khurshid kizi
Tashkent State University of Economics
Senior Lecturer PhD, Tashkent, Uzbekistan.
Email: sunatullayeva_sh@gmail.com
ORCID: 0009-0006-6262-2894
Abstract. This article discusses the role and importance of the investment climate in increasing the investment attractiveness of regions from a scientific and theoretical perspective. Investments are an important factor in the sustainable development of the regional economy, expanding production capacity, creating new jobs, and improving the well-being of the population. Therefore, the formation of a favorable investment climate in each region is one of the main conditions for attracting local and foreign investors. The article analyzes the economic, legal, institutional, and infrastructural factors that shape the investment climate. In particular, it is argued that economic stability, tax and customs privileges, access to financial resources, transport and logistics infrastructure, energy supply, labor resource potential, and the business environment directly affect the investment attractiveness of regions. It is also noted that the natural resources of regions, geographical location, market capacity, and state support mechanisms play an important role in strengthening investment activity. The study examined the opportunities for modernizing industrial sectors, developing the service sector, and increasing the activity of small businesses and private entrepreneurship by creating a favorable investment environment. At the same time, reducing investment risks, eliminating administrative barriers, expanding public-private partnership mechanisms, and introducing digital management systems were assessed as priority areas for increasing the investment attractiveness of regions. The results of the article show that the formation of an effective investment environment in the regions serves to increase capital flows, accelerate economic growth, expand export potential, produce competitive products, and reduce interregional economic disparities. In this regard, improving the investment environment is an important direction of the regional development strategy.
Keywords: investment environment, investment attractiveness, regional economy, foreign investments, local investments, investment potential, infrastructure, investment activity, economic growth, competitiveness.