Creating and expanding growth opportunities in Uzbekistan
Uzbekistan is a country transformed. Over the last five years, a sweeping reform program has liberalized the national economy and spurred a period of unprecedented growth. From the establishment of an independent energy regulator to major privatization projects in strategic sectors from chemicals to banking, Uzbekistan’s economic re-structuring is attracting investors from around the world. What’s more, a burgeoning tech industry is testament to the ingenuity and entrepreneurialism of Uzbekistan’s young, STEM-educated population and its culture of innovation. Once a key node on the fabled Silk Road, Uzbekistan is reclaiming its place at the heart of global trade.
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).
Investment GuideThis official investment report, titled “The Big Country with Big Opportunities – Reform in Action,” offers a comprehensive overview of Uzbekistan’s reform-driven economic transformation. It outlines the government’s commitment to market liberalization, private sector development, and international cooperation. The report captures the sentiment of Uzbekistan’s growing community of advocates, including the London Stock Exchange, the Asian Development Bank, Rothschild & Company, the EBRD, Franklin Templeton, and British American Tobacco.
Investment Guide
Uzbekistan In Numbers
Doing business in Uzbekistan
Committed to economic and civic liberalisation, and boasting a young and highly educated population, Uzbekistan is seizing its growth moment. Businesses from around the world are investing in a country in which government, regulator, workforce and local community are aligned. Whether you’re pioneering wind and solar energy generation or developing groundbreaking digital and financial technologies, the New Uzbekistan wants to be your partner!
Investment map of Uzbekistan
Success stories
Acwa Power
ACWA Power is a leading developer, investor, and operator of power generation and desalinated water production plants. With a presence in more than a dozen countries, ACWA Power is dedicated to delivering electricity and water reliably, efficiently, and sustainably. Its projects are designed to meet the rising demand for clean energy while supporting national decarbonization goals. Guided by a mission to provide “power and water for a better world,” the company combines technological innovation with long-term partnerships to create value for communities and shareholders alike.
Masdar
Masdar, also known as Abu Dhabi Future Energy Company, is a global leader in renewable energy and sustainable urban development. Established in 2006 and active in more than 40 countries, Masdar develops, invests in, and operates utility-scale solar, wind, and energy storage projects that accelerate the world’s transition to clean energy. Guided by the vision of “For a Sustainable Future,” Masdar combines cutting-edge technology with long-term partnerships to deliver solutions that reduce carbon emissions and create lasting economic value.
Nephroplus
NephroPlus is Asia’s largest network of dialysis centers and a pioneer in providing high-quality, patient-centric renal care. Founded in India in 2010, the company operates more than 350 dialysis centers across 4 countries, offering advanced hemodialysis services designed to improve quality of life for patients with chronic kidney disease. Guided by the mission “Dialysis for All,” NephroPlus combines clinical excellence, cutting-edge technology, and compassionate care to set new standards in kidney health.
Views from the market
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