$43 bn
Foreign investment

The best investment opportunities open up where the economy is at a point of rapid growth. Today that country is New Uzbekistan. Find out why now is the optimal time to invest.
Why Uzbekistan$43 bn
Foreign investment
20.7%
Foreign trade growth (2025)
60%
Population under 30
7.7%
GDP growth (2025)
As the grid expands at record pace, the country is turning to localization — with $823.9 million allocated across 12 projects to manufacture the components it currently imports. U zbekistan's energy system is entering a new stage of development. Rising demand for electricity, the rapid construction of solar and wind power plants, the introduction of energy storage systems, and the expansion of trunk transmission networks are creating new and sustained demand for electrical engineering products. This growth is no longer limited to building new power plants alone. Connecting new capacities to the grid, managing power flows, regulating voltage, rapidly detecting faults, storing energy, and digitally managing consumption all require modern electrical engineering components — most of which are still sourced abroad. The core problem While the country's energy infrastructure expands, a large share of the high-tech components required for its operation — BMS modules, DSP processors, HVDC and FACTS equipment, OLTC, high-voltage bushings, protection automation, smart circuit breakers, wind components and residential storage — is imported. That raises foreign-currency outflow, deepens external dependence, and limits local engineering capability. Localization is not simply import substitution — it is a strategic task that ensures energy security and industrial independence. Ministry of Investments, Industry and Trade Managing energy storage systems import → BMS manufacturing Real-time signal processing import → DSP chip manufacturing Long-distance transmission import → HVDC manufacturing Voltage & power flow control import → FACTS manufacturing Transformer voltage regulation import → OLTC manufacturing High-voltage insulation import → HV bushings Digital grid monitoring import → Smart breakers/sockets Residential energy storage almost absent → Home storage systems Twelve projects, five regions The Ministry has developed 12 investment projects aimed at closing these gaps — spanning storage and digital management, trunk transmission and high-voltage equipment, transformer components, and renewable energy parts. Project Region CAPEX, $M Revenue, $M IRR ROI BMS module manufacturing Karakalpakstan 8 15.5 34.4% 24.7% DSP chip manufacturing Karakalpakstan 300 136.3 21.2% 35.5% Wind generator components Navoiy 116.3 120 27% 21% Relay & protection automation Andijan 5 5 35% 31% OLTC manufacturing Andijan 20 14.9 32.1% 38.4% High-voltage bushings Andijan 17 70 28.2% 45.2% HVDC equipment manufacturing Sirdaryo 200 201 32.3% 32% FACTS equipment manufacturing Sirdaryo 60.2 73.6 34% 1.3% High-voltage circuit breakers Sirdaryo 41.3 36.3 26.9% 25.1% Smart circuit breaker Tashkent city 17.4 13.1 23.2% 33.1% Smart sockets and relays Tashkent city 17.9 12 26.6% 29.6% Home energy storage systems Tashkent city 20.8 23.1 26.6% 33.1% 12 projects 5 regions 823.9 720.8 — — Source: investment proposals submitted for each project. Conclusion The next stage of Uzbekistan's energy sector will be defined not only by building new power plants, but by domestically manufacturing the technologies that manage, protect, transmit and store that energy. Together, these projects form a foundation for a modern electrical engineering industry — expanding the manufacturing chain and strengthening the sector's technological independence.
Read more📢 ANNOUNCEMENT Dear Youth, In accordance with the priorities set by the Head of State during the meeting with young people on February 24, Youth Day is held every Thursday in state bodies and organizations. Within the framework of this initiative, held under the motto “The 35th Anniversary of Independence through the Eyes of the Youth of New Uzbekistan,” the Foreign Investment Promotion Agency announces the “My Volunteer Story” competition. The competition aims to promote volunteerism, foster civic engagement among young people, and support initiatives that contribute to positive changes in society. 🔹 Competition Terms Young people and volunteers aged 18 to 29 are invited to participate. Participants are encouraged to share their stories about: their personal experience in volunteer activities; social projects and initiatives they have implemented; their contribution to positive changes in society; the knowledge, skills, and values they have gained through volunteering. Entries may be submitted in text or video format . 📅 Submissions will be accepted until 6:00 PM on June 27, 2026. Entries should be uploaded via the following link: https://drive.google.com/drive/folders/1MXVif7OQwnjyRKwVIuKO24bRZV3IThnE?usp=drive_link Entries submitted after the deadline will not be considered. 🔹 Evaluation Criteria The competition committee will evaluate submissions based on the following criteria: relevance to the competition theme; depth and quality of content; originality and creativity of the author’s approach; social significance of the story; logical structure and coherence; literacy and quality of language. 🏆 Awards Three winners will be selected at the end of the competition. They will receive commemorative gifts – books on business, leadership, and personal development – as well as diplomas from the Agency. The winners will be determined by the competition committee based on the established evaluation criteria. If volunteering has become an important part of your life and you have a story worth sharing, tell it. Perhaps your story will inspire others to take their first step toward doing good.

Point programs in digitalization, IT elopment, and technological modernization ......
Ipoteka Bank OTP Group подтверждает свою приверженность развитию устойчивой энергетики и поддержке экологически ответственных инвестиций, став ключевым кредитором двух крупных ветровых проектов, реализуемых компанией ACWA Power в Бухарской области. Эти проекты направлены на выполнение амбициозной стратегии развития возобновляемых источников энергии (ВИЭ) Узбекистана и активное стимулирование экономического роста страны. Инновации и устойчивое развитие как драйверы экономического прогресса Проекты Bash Wind и Dzhankeldy Wind общей мощностью 1000 МВт представляют собой одни из крупнейших в Центральной Азии ветровых электростанций. С ожидаемой ежегодной выработкой 3.3 ТВт·ч чистой энергии эти объекты станут значительным вкладом в достижение национальной цели — доведения доли ВИЭ в энергобалансе страны до 25% к 2030 году. Ipoteka Bank OTP Group, выступая единственным кредитором с оборотным финансированием по 20 миллионов долларов на каждый проект, подтверждает свою роль как финансового института, активно стимулирующего переход Узбекистана к "зеленой" экономике. Совместно с международным партнером ACWA Power из Саудовской Аравии, банк поддерживает передовые технологии — современные ветряные турбины Envision и комплексное обслуживание NOMAC, обеспечивающее надежность и эффективность электростанций. Реализация проектов Bash Wind и Dzhankeldy Wind создает новые рабочие места, способствует развитию инфраструктуры и привлекает международные инвестиции, что стимулирует устойчивый рост экономики Узбекистана. Кроме того, проекты соответствуют высоким стандартам ESG и классифицируются как «зеленые», что снижает углеродный след страны и укрепляет ее позиции на мировом энергетическом рынке. «Ipoteka Bank OTP Group гордится своим вкладом в развитие возобновляемой энергетики Узбекистана, поддерживая инновационные проекты, которые не только способствуют экономическому росту, но и создают устойчивое будущее для нашей страны», — отметил Председатель Правления Ipoteka Bank OTP Group Cандро Ртвеладзе. Данные инвестиции являются ярким примером того, как стратегическое сотрудничество между финансовыми институтами, государством и международными партнерами может способствовать устойчивому развитию, инновациям и укреплению экономического потенциала Узбекистана. Ipoteka Bank продолжит активно поддерживать проекты, направленные на создание «зеленой» энергетики и реализацию национальных приоритетов в области экологии и экономики, внося значительный вклад в будущее страны и региона.
This comprehensive investment guide, developed in cooperation with PwC, provides an in-depth analysis of Uzbekistan’s investment climate, recent economic reforms, and opportunities across key sectors. It covers macroeconomic indicators, tax and customs regimes, legal framework, and business setup procedures. Special focus is placed on strategic sectors such as agriculture, energy, oil & gas, ICT, textiles, chemicals, and pharmaceuticals. Ideal for foreign investors, public institutions, and researchers, the document features investment success stories and detailed information on incentives within Special Economic Zones (SEZs).
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