IMPROVING THE ORGANIZATIONAL MECHANISM FOR ATTRACTING INVESTMENT PROJECTS IN THE DEVELOPMENT OF TOURISM IN UZBEKISTAN

Abstract

This study is devoted to the analysis and improvement of organizational and economic mechanisms for the effective attraction and management of investment projects in the accelerated development of the tourism sector in Uzbekistan. Despite the fact that the reforms being carried out in the field of tourism, the rich cultural and historical heritage and natural resources of the country create wide opportunities for investors, there are still certain problems in the organizational mechanisms, legal framework, and institutional environment for ensuring investment activity. The study thoroughly analyzes the factors hindering the implementation of investment projects related to tourism, in particular, the difficulties in preparing project engineering documentation, long-term formalization in the process of land allocation, insufficient financial guarantees, and the problems of coordination between local authorities and the private sector.