Assessment of the investment attractiveness of Samarkand region: the impact of digital economy development on investment attractiveness

Аннотация

This study aims to examine the investment attractiveness of the Samarkand region by focusing on the Samarkand region and analyzing the impact of the development of the digital economy on investment potential. The research is based on the major indicators such as openness index, economically active population, infant mortality rate, crime rate, export and import, per capita income, pollution, registered legal entities, Internet users, wages in the information and communications industry, and employment in the knowledge economy. The results underscore the importance of digitalization in improving the transparency of the economy, and the overall attractiveness of investments. The findings also provide further recommendations necessary to increase investment in the region and strengthen digital structures. Keywords: Investment attractiveness, IPI, digital economy, economic development, Samarkand region. Introduction: Attracting investments is of great and in which areas it is slower. importance in the development of the economy of First of all, in recent years, investments in agriculture Samarkand region, providing great opportunities for have significantly increased in the region. This is mainly increasing the economic potential of the region and explained by the high potential of Samarkand for the creating new jobs. Effective attraction of investments production and export of agricultural products. and their efficient use serve to ensure the Projects implemented to develop homestead farms, competitiveness of the region. On November 20, 2024, introduce modern irrigation systems, and modernize at a meeting held by our President on the socio- agricultural machinery are a vivid example of this. Also, economic development of Samarkand region, it was with the help of foreign investments, the possibilities noted that next year, within the framework of regional for processing and storing agricultural products have programs, Samarkand region has the opportunity to improved. absorb at least The scale of investment attraction in the industrial 1 billion 850 million dollars in investments, create 20 sector is also growing. The region's industrial thousand jobs and produce an additional 1.2 trillion enterprises are implementing a number of projects to soums of products. By conducting a comparative upgrade technologies and increase the range of analysis of the state of investments attracted to products. In particular, investments are being made in economic sectors in Samarkand region, it is possible to the light industry, construction materials production, determine in which sectors this process is more active and the food industry. Investments attracted to these International Journal of Management and Economics Fundamental 13 https://theusajournals.com/index.php/ijmef International Journal of Management and Economics Fundamental (ISSN: 2771-2257) sectors allow the region to increase production Domestic Product (GDP). This scenario often arises due volumes and expand exports. At the same time, the to factors such as high profitability potential, region's wealth in mineral resources provides technological advantages, strategic location, post-crisis additional opportunities for continuing to attract recovery, mass privatization, or the discovery of new investment to the industrial sector. natural resources. Additionally, a surge in investor interest can contribute to a higher IPI. The service sector, in particular, tourism and transport infrastructure, occupy a special place in attracting IPI < 1 – A value below 1 indicates that the share of investments in the Samarkand region. Samarkand's rich investments in the region contributes less to the cultural heritage and tourism potential have country’s GDP than expected. This may be linked to significantly increased the flow of investments aimed at economic instability, ineffective or inconsistent the tourism sector. The construction of new hotels, investment policies, weak competitiveness, or restaurants and other tourism facilities is increasing the structural constraints. attractiveness of the region for international tourists. By integrating IPI with other economic, social, and The modernization of transport infrastructure, in digital transformation indicators, the study provides a particular, the international airport and high-speed comprehensive assessment of the investment climate railway lines, has become one of the important factors in the Samarkand region and its alignment with in attracting investments in the service sector. national and global economic trends. METHODS Data Collection and Sources Such a comprehensive analytical approach to assessing Primary and secondary data sources are used in the the factors affecting the investment attractiveness of study. The statistical data for major economic the Samarkand region is proposed in this research, indicators, digital infrastructure, business activity and paying special attention to the impact of the growth of socioec