$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
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 .
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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.
The Investment Promotion Agency signs new cooperation agreements with international companies
The Investment Promotion Agency under the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan continues to expand international cooperation and strengthen investment ties. As part of this effort, the Agency signed four new cooperation documents with foreign companies – Scania Central Asia (Kazakhstan), Freedom Finance (Kazakhstan), Bart sp. z o.o. (Poland) and Metateks Oy (Finland). Cooperation Agreement with Scania Central Asia The Agency and the Kazakh subsidiary of Swedish industrial corporation Scania AB signed a cooperation agreement. The investor plans to implement a project to manufacture heavy trucks and tractor units in Uzbekistan. The parties also agreed to collaborate on project and technical documentation, attract qualified specialists, and organize meetings and negotiations with government agencies and private sector representatives to ensure the effective implementation of the project. Memorandum of Understanding with Freedom Finance The Agency and the Uzbek subsidiary of the international holding Freedom Holding Corp., which operates in over 23 countries, agreed to jointly promote Uzbekistan’s investment opportunities, participate in international forums and conferences, and exchange information on projects and potential partners. Cooperation Agreement with Bart sp. z o.o. The Agency also signed an agreement with the Polish company Bart sp. z o.o. to implement an investment project on freeze-drying fruits, berries, and vegetables in Uzbekistan. Under the agreement, the Agency will support the investor in establishing links with local agricultural producers and addressing certification, storage, and transportation issues related to raw materials. Cooperation Agreement with Metateks Oy The Finnish company plans to establish a production facility in Uzbekistan to manufacture eco-friendly packaging from phytomelioration plants using local raw materials. Under the agreement, the Agency will provide consulting support and help build connections with local suppliers. These agreements reflect the Agency’s commitment to strengthening international partnerships and fostering a modern investment environment in Uzbekistan, creating new opportunities for innovation, export growth, and high-skilled job creation. For reference: Scania AB is a leading global transport solutions manufacturer founded in 1891 in Södertälje, Sweden. It is part of TRATON Group (Volkswagen Group) and operates production facilities in China, South Africa, Kazakhstan, and Georgia. Freedom Finance is part of the international Freedom Holding Corp., present in 9 countries, including the USA, Germany, Kazakhstan and Russia. The holding employs over 6,800 people, serves more than 530,000 brokerage accounts, and has a market capitalization of around USD 5 billion. It has operated in Uzbekistan since 2018 and has branches in seven cities. In 2025, the world’s largest investment company, BlackRock, Inc., increased its stake in Freedom Holding Corp. to 0.85%, investing approximately 89 million USD. Bart sp. z o.o. is a Polish company founded in 1990, specializing in natural food additives and dried fruits and vegetables. It has over 30 years of experience, operates in the EU market, and actively develops cooperation with countries in Asia and North Africa. Metateks Oy is a Finnish biotechnology startup founded in 2024 that develops regenerative biomaterials from phytomelioration plants.
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.
