Metals and Mining

The metals and mining industry is the cornerstone of Uzbekistan's economy. Rich in mineral resources, the country's extractive sector continues to go from strength to strength. In 2023, its contribution to the country’s GDP was 6%, with $1.5 billion in investments.

With a favourable investment climate and stable legal framework, metals and mining continues to attract interest from across the globe. For example, gold exports totalled approximately $5 billion in 2022, accounting for about 20-25% of Uzbekistan’s total export earnings.

Uzbekistan is also home to two of the biggest mining firms in the world: the Navoi Mining and Metallurgical Company (NMMC), who operate the Muruntau mine, and rank among the top-four gold producers globally, and the Almalyk Mining and Metallurgical Complex (AMMC), Uzbekistan's flagship in non-ferrous metallurgy, with 36,000 miners on their books, producing copper-molybdenum, lead-zinc, gold and silver mining and situated in the Tashkent, Jizzakh, Namangan and Surkhandarya regions.

The industry also benefits from highly-qualified employees, a low-cost workforce and an abundance of energy resources – which together make Uzbekistan’s metals and mining sector an attractive destination for investment.