2030 Strategy Highlights

Uzbekistan’s 2030 strategy aims to achieve upper middle-income nation status by the end of the decade, through a radical reform programme designed to liberalise the economy, attract foreign investment, dramatically expand the country’s technological capacity and strategic infrastructure, and reduce regulatory burdens on businesses.

Moreover, compelling incentives to attract foreign direct investment are already creating obvious results. International businesses operating in the country’s Free Economic Zones (FEZ) benefit from tax exemptions of up to 10 years, and FDI enterprises enjoy exemptions on property, water usage, and land taxes for up to seven years

Bringing GDP to $160 billion and per capita income to $4 thousand

Ensuring an annual inflation rate of 5-6 percent

Achieving 100% coverage of high-speed internet in the regions

Attracting $250 billion of investment into the country

Turning into a green economy and achieving carbon neutrality

Radically reducing poverty rate (by more than 2 times)

As well as the most liberal tax regime in the region, Uzbekistan's export development is accelerating as major deregulation takes effect, with the abolition of more than 130 permits and licences, as well as all customs duties on exported goods and services. The government's privatisation programme has also marked significant milestones, with sale of more than $1 billion worth of state assets and the adoption of a landmark law on Public-Private Partnership facilitating $17 billion-worth of projects.

Moreover, by increasing the number of countries with which Uzbekistan enjoys a visa-free regime from nine to 93, the country is attracting talent and investment from across the world. A critical pillar of the 2030 Strategy has been the substantial expansion of investor protections, ensuring the safeguarding of investor rights and complementing the dispute mechanisms of the Tashkent International Arbitration Centre.