The goal of the work is to develop theoretical, methodological and practical aspects of improving the mechanism for attracting foreign investment into the economy of the Republic of Uzbekistan. To achieve this goal, it is necessary to solve a number of interrelated tasks: to study the essence and role of foreign investment in the development of the national economy; study the types and forms of foreign investment; study benefits and preferences for foreign direct investment in the Republic of Uzbekistan; explore the role of foreign investment in the development of the economy of Uzbekistan; identify the dynamics and trends in the development of attracting foreign investment in the conditions of economic modernization; reveal the main directions of attracting foreign investment to the Republic of Uzbekistan.