$43 bln
Foreign direct investment and loans attracted
New Uzbekistan -The Big Country with Big Opportunities
The greatest investment opportunities emerge where growth accelerates. Today, that place is New Uzbekistan. Discover why the best time to act is now.
BB
Credit Rating (Fitch, S&P)
60%
Population under 30 (out of 38.6 mln)
7.7%
GDP growth 2025
- $87.6 bln$87.6 bln
- Industrial production in 2025
- $64.3 bln$64.3 bln
- International reserves August 2026
- 20.6 mln20.6 mln
- Labor force 2025
- $81.2 bln$81.2 bln
- Foreign trade turnover 2025
- 4.8%4.8%
- Unemployment rate 2026 Q1
The 4th International Congress and Exhibition “Pharma Uzbekistan & Central Asia” took place in Tashkent
On September 24–25, 2025, Tashkent hosted the 4th International Congress and Exhibition “Pharma Uzbekistan & Central Asia”. The event brought together over 300 pharmaceutical companies, investors, initiators of large-scale projects, international experts, and consultants. Tashkent Pharma Park, Dora Line, Kusum Uzbekistan, Nika Pharm, Lafz, Immunomed, Ziyo Nur Pharm, Unimed Pharmaceuticals and other industry leaders participated in this event. Abdulla Azizov, Director of the Pharmaceutical Industry Development Agency under the Ministry of Health of the Republic of Uzbekistan, opened the plenary session with a speech on the sector’s potential. He highlighted broad opportunities for expanding production, introducing innovative technologies and boosting export capacity. He also noted that from January to August of this year, the sector attracted over USD 290 million of investments, including USD 262.7 million of foreign investments. In addition, Roksana Nesor, Acting Deputy Director of the Investment Promotion Agency under the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan delivered a speech on the country’s investment climate. Within the framework of the congress, organizers presented more than 20 major projects in the pharmaceutical industry and discussed the construction of new production facilities, the modernization of existing enterprises, and the introduction of personalized medicine concepts.
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New prospects for cooperation: Uzbekistan Investment Promotion Agency engages with international partners
The Investment Promotion Agency under the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan held a series of bilateral meetings with international partners, including the leadership of AIM Global Foundation, representatives of the Export and Investment Fund of Denmark, the delegations of Invest Qatar and Qatar Development Bank and Malaysian companies. Meeting with AIM Congress On September 18, 2025, acting Director of the Agency, Mansurjon Rasulev, met with Mr. Dawood Al Shezawi, President of AIM Global Foundation and Chairman of the AIM Congress Organizing Committee. The parties discussed opportunities for cooperation, including the organization of a dedicated “Uzbekistan Investment Forum” session within the framework of AIM Congress. They agreed to strengthen collaboration within AIM Congress and the Tashkent International Investment Forum, and to jointly promote investment projects in priority sectors such as energy, industry and innovation. Cooperation with the Export and Investment Fund of Denmark (EIFO) On September 23, 2025, representatives of the Agency met with a delegation from EIFO led by Mr. Jakob Pilegaard Hansen, Head for cooperation with large companies. The Danish side expressed interest in launching joint projects in energy and the food industry. The parties also explored potential cooperation in logistics, information technology, and the digital economy, including investment opportunities in the development of IT Park and the creation of modern data centers. EIFO confirmed its readiness to support the organization of a roadshow in Denmark to attract new partners and investors to projects in Uzbekistan. Partnership with Invest Qatar and Qatar Development Bank On September 24, 2025, representatives of the Agency and delegations from Invest Qatar and Qatar Development Bank explored sectors of infrastructure, energy, mining, digital economy, logistics, and the food and textile industries as perspective avenues for partnership. Meeting with the Malaysia-Uzbekistan Business Alliance On September 25, 2025, the leadership of the Agency hosted a delegation from the Malaysia-Uzbekistan Business Alliance (MUBA), including representatives from Perbadanan Nasional Berhad (PERNAS), SME Corporation Malaysia, Serai Group, Nimroc, Bonda Kiddo, and others. Malaysian entrepreneurs showed interest in launching projects in Uzbekistan, including the opening of restaurants and fast-food enterprises. They also explored cooperation in education, in particular the creation of modern educational institutions based on the Islamic model. For reference : AIM Congress (Annual Investment Meeting Congress) is an initiative of the AIM Global Foundation, an independent international organization fully committed to empower the world's economy. It serves as a key venue for creating investment opportunities, fostering strategic partnerships, and advancing dialogue on sustainable development and innovation across various sectors. Export and Investment Fund of Denmark is a Danish state fund that supports companies in export and investment. It provides guarantees on loans and investments, reduces business risks, and finances promising sectors, including defense technologies and renewable energy. Invest Qatar is Qatar’s national investment promotion agency. It drives the attraction of foreign direct investment (FDI), supports economic diversification, and assists investors from project initiation to business expansion. Qatar Development Bank (QDB) provides loans and financial services to support the development of industry, tourism, education, healthcare, agriculture, and other key sectors of the economy. MUBA (Malaysia-Uzbekistan Business Alliance) serves as a cooperation platform uniting leading companies from both countries .
Uzum and DataVolt partner to boost Uzbekistan’s IT infrastructure
Uzum, Uzbekistan’s leading digital ecosystem, and DataVolt, a global leader in sustainable digital infrastructure, signed a memorandum of strategic partnership to expand the country’s IT capabilities and scale cloud services. The partnership strengthens Uzbekistan’s digital foundation and accelerates the rollout of cloud-based solutions. Uzum is actively building local IT infrastructure and, through this collaboration, will expand its service capacity. “The development of local digital infrastructure is key to accelerating the digitalization of Uzbekistan’s economy and strengthening the country’s position as a regional IT hub. What unites Uzum and DataVolt is not only a shared belief in the potential of Uzbekistan, but also the commitment to invest in the foundations required to realize this potential: people, hardware, and services,” said Djasur Djumaev, Founder and CEO of Uzum ecosystem. “Our partnership with Uzum represents a milestone in DataVolt’s journey to enable Uzbekistan’s digital transformation. By combining Uzum’s market leadership in digital services with DataVolt’s expertise in building sustainable digital infrastructure, we are laying the groundwork for world-class cloud and AI capabilities in the country. We are excited to partner with Uzum as we work to accelerate the growth of Uzbekistan's digital economy,” Anil Vijayachandran, Deputy Chief Development Officer, DataVolt. The companies will launch joint projects and initiatives to demonstrate how cloud technologies can enhance business and public sector efficiency. For reference : DataVolt is a developer, owner and operator of data centers, integrating dedicated high-availability renewable energy infrastructure solutions and green fuels, with a strong focus on innovation, sustainability, and scalability Headquartered in Saudi Arabia, with offices in the USA, Uzbekistan, India and the UAE, company is expanding across the Middle East, Africa, and Asia. Uzum integrates fintech, e-commerce, and banking services for individuals and SMEs in Uzbekistan. Its ecosystem includes a marketplace, express delivery, banking, BNPL services, a car marketplace, and an app for entrepreneurs. More than 17 million users in Uzbekistan rely on Uzum monthly.
Investment opportunities of the Khorezm region were presented in the city of Khiva
On September 21, 2025, the Khorezm International Investment Forum brought together Uzbekistan’s government officials, foreign and local investors in the ancient city of Khiva. Acting Director of the Investment Promotion Agency, Mansurjon Rasulev, showcased Uzbekistan’s investment climate and highlighted opportunities available for foreign investors in the Khorezm region. As part of the forum, the Khokimiyat of Khorezm region and Allied Green Ammonia Pty Ltd signed an agreement to implement a carbon-free aviation fuel production project in the region.
Uzbekistan–China project cooperation meeting held in Tashkent
On 18 September 2025, Tashkent hosted the Uzbekistan–China project cooperation meeting, which brought together 50 participants, including representatives of 38 Chinese companies and 5 local enterprises with Chinese capital. During the event, Acting Director of the Investment Promotion Agency, Mansurjon Rasulev, delivered a presentation on Uzbekistan’s investment climate. Director highlighted successful joint projects with Chinese partners, showcased opportunities in the energy and IT sectors, and introduced the investment potential of Uzbekistan’s largest urban development initiative – New Tashkent City. The forum concluded with G2B meetings aimed at fostering joint projects in the energy and agriculture sectors.
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).
Prepared for the 5th anniversary of the Tashkent International Investment Forum (TIIF), Uzbekistan: Big Market. Bold Reforms. Real Opportunity. provides a comprehensive overview of the country’s evolving investment landscape, economic transformation, and growing role as a regional investment hub. The report examines key macroeconomic trends, foreign direct investment performance, sectoral opportunities, and regional investment potential, offering valuable insights for international investors, financial institutions, and business leaders. Drawing on official data, market analysis, and perspectives from global investors and corporate executives, the report highlights Uzbekistan’s progress in economic diversification, privatization, infrastructure development, digital transformation, and global integration. It also presents the findings of the EY Investor Perception Survey, reflecting increasing investor confidence in Uzbekistan’s reform agenda and long-term growth prospects.
Investment Guide
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).
Prepared for the 5th anniversary of the Tashkent International Investment Forum (TIIF), Uzbekistan: Big Market. Bold Reforms. Real Opportunity. provides a comprehensive overview of the country’s evolving investment landscape, economic transformation, and growing role as a regional investment hub. The report examines key macroeconomic trends, foreign direct investment performance, sectoral opportunities, and regional investment potential, offering valuable insights for international investors, financial institutions, and business leaders. Drawing on official data, market analysis, and perspectives from global investors and corporate executives, the report highlights Uzbekistan’s progress in economic diversification, privatization, infrastructure development, digital transformation, and global integration. It also presents the findings of the EY Investor Perception Survey, reflecting increasing investor confidence in Uzbekistan’s reform agenda and long-term growth prospects.
