New Uzbekistan –a big country of big opportunities

“My Volunteer Story” competition

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.

Fintech Market of Uzbekistan by Oliver Hughes, Head of International Business at TBC Bank Group PLC

President Mirziyoyev and Trump Agree to Launch American-Uzbek Business and Investment Council

Ipoteka Bank OTP Group reaffirms its commitment to the development of sustainable energy and the support of environmentally responsible investments by becoming a key lender for two major wind power projects being implemented by ACWA Power in the Bukhara region. These projects are aimed at fulfilling Uzbekistan’s ambitious renewable energy development strategy and actively stimulating the country’s economic growth. Innovation and Sustainable Development as Drivers of Economic Progress The Bash Wind and Dzhankeldy Wind projects, with a combined capacity of 1,000 MW, are among the largest wind power plants in Central Asia. With an expected annual generation of 3.3 TWh of clean energy, these facilities will make a significant contribution to achieving the national goal of increasing the share of renewable energy sources in the country’s energy mix to 25% by 2030. Ipoteka Bank OTP Group, acting as the sole provider of working capital financing of USD 20 million for each project, reaffirms its role as a financial institution actively promoting Uzbekistan’s transition to a green economy. Together with its international partner, ACWA Power of Saudi Arabia, the bank supports advanced technologies, including modern Envision wind turbines and comprehensive NOMAC maintenance services, ensuring the reliability and efficiency of the power plants. The implementation of the Bash Wind and Dzhankeldy Wind projects creates new jobs, contributes to infrastructure development, and attracts international investment, thereby stimulating sustainable economic growth in Uzbekistan. In addition, the projects comply with high ESG standards and are classified as “green,” reducing the country’s carbon footprint and strengthening its position in the global energy market. “Ipoteka Bank OTP Group is proud of its contribution to the development of renewable energy in Uzbekistan by supporting innovative projects that not only promote economic growth but also create a sustainable future for our country,” said Sandro Rtveladze, Chairman of the Management Board of Ipoteka Bank OTP Group. These investments are a vivid example of how strategic cooperation between financial institutions, the government, and international partners can contribute to sustainable development, innovation, and the strengthening of Uzbekistan’s economic potential. Ipoteka Bank will continue to actively support projects aimed at developing green energy and implementing national priorities in the fields of environmental protection and economic development, making a significant contribution to the future of the country and the region.

Trade Promotion & Export

On July 15, 2025, the Investment Promotion Agency signed a cooperation agreement with one of South Korea’s leading industrial companies,  KCC Corporation , to implement an automotive paint production project. The project will produce 335 tons of automotive paint annually, with the first phase scheduled to launch by the end of this year. The parties also agreed to cooperate in preparing the necessary documentation to successfully implement the project, engaging qualified specialists, and organizing meetings and negotiations with representatives of both the public and private sectors. For reference: The Agency and KCC Corporation held their first meeting on April 10, 2025, with support from the Embassy of Uzbekistan in South Korea. After this meeting, KCC Corporation began practical steps to start operations in Uzbekistan.