THE ROLE OF INVESTMENTS IN ECONOMIC DEVELOPMENT AND THEIR IMPACT ON TOURISM SECTOR GROWTH IN UZBEKISTAN

This article examines the role of investments in the economic transformation of Uzbekistan, focusing on the modernization of industries, diversification of production, and improvement of regional welfare. Based on statistical data and the national policy directions, the study highlights how investments contribute not only to industrial efficiency but also to the growth of the tourism sector—an area that increasingly requires modern infrastructure, digitalization, and sustainable financing mechanisms. The article argues that foreign and domestic investments serve as a core driver for enhancing tourism services, improving competitiveness, and accelerating the development of regional tourism products, including those in Karakalpakstan.