Leading international media outlets - including “CNN”, “Forbes”, “The Wall Street Journal”, “The Economist”, “Arab News” and “China Daily” - characterize the project as a “global-scale megaproject”, “pearl of Central Asia and a space that is shaping the modern understanding of Islamic civilization”.

The opening of the Center of Islamic Civilization in Uzbekistan has sparked broad international interest and has become a focal point for the world's leading media. Publications about the Center have appeared in more than 20 countries and in 7 languages - including English, Arabic, Spanish, Chinese, Hindi, Turkish and Russian - reaching a total audience of over 1.5 billion people. These materials, prepared by international journalists, analysts and experts, reflect the high level of interest in the project from the global professional community.

International media emphasize the symbolic nature of this event. As “Arab News” notes, “the opening of the Center, initiated by President of Uzbekistan, took place during the holy month of Ramadan, just as the laying of the first stone did eight years ago, giving the project a special historical and spiritual continuity”. Meanwhile, “Khaleej Times” writes that the Center represents a “unique space where cutting-edge technology and modern scientific approaches are harmoniously combined”.

As “Forbes” notes, “under the leadership of President Shavkat Mirziyoyev, the country is implementing a strategy of sustainable development and economic openness” and amidst rapid technological changes and growing global tensions - ranging from geopolitical conflicts to discussions on cultural identity - Center of Islamic Civilization “is transforming its civilizational heritage into a modern tool of soft power”. “The Wall Street Journal” points out that the Center “unites a rich historical legacy”, highlighting its integrative function.

“China Daily” refers to the Center of Islamic Civilization as “one of Uzbekistan's key cultural and scientific projects”, contributing to the strengthening of cultural and humanitarian cooperation between Uzbekistan and China, while “The Korea Times” notes that the complex “reflects the humanistic and enlightening essence of Islamic civilization” and “serves as a modern platform for cultural dialogue and scientific collaboration”.

“Euronews” characterizes the Center as a “new hub for heritage and research”, bringing together scientific research, education and modern exhibition practices. The Spanish publication “ABC” notes that “Uzbekistan is reviving the legacy of the Great Silk Road”, linking the project to the region's historical role as a center of civilizational exchange.

In turn, Hungarian publication “Hello Magyar” emphasizes that “the complex's architectural concept is impressive not only for its grandeur but also for its full compliance with modern urban planning and environmental sustainability standards”, noting its architectural expressiveness and alignment with contemporary sustainable development requirements. The Turkish publication “Yeni Konya” characterized the Center of Islamic Civilization as a “monumental and majestic center that can be considered one of the most important historical, cultural and artistic achievements of the Islamic world in the last century”.

In Azerbaijani media, specifically the publication “Caliber.az”, Center of Islamic Civilization in Uzbekistan has been described as a “candidate for the Guinness World Records”, highlighting its immense scale and uniqueness.

Center is becoming more than just a new museum; it is part of a broader narrative - a story of how countries rediscover their heritage and make it accessible to the world. Today, the Center is already open to visitors. Experts also note the Center's potential influence on the development of cultural tourism. This new complex is capable of becoming a key attraction for international visitors, strengthening interest in Uzbekistan as a destination with a unique historical and intellectual legacy. However, judging by the attention from the global press, its significance extends far beyond tourism.

Uzbekistan is entering a period in which domestic transformation is becoming increasingly interconnected with global economic processes. The country has set ambitious goals: accelerating economic growth, advancing the technological modernization of industry, attracting large-scale investment, expanding exports and integrating into international value chains.

This is precisely why discussions within the G20 have practical relevance for Uzbekistan. The issues addressed by the Group of Twenty — sustainable development, industrialization, the energy transition, trade, digitalization, food security, access to capital and the modernization of financial institutions — largely align with the challenges facing the country. The difference lies mainly in scale: while the G20 shapes the key priorities of the global economy, Uzbekistan translates similar objectives into a concrete national development agenda.

The G20 brings together the world’s largest advanced and emerging economies, as well as the European Union and the African Union. Its members account for approximately 85% of global GDP, more than 75% of international trade and around two-thirds of the world’s population. For Uzbekistan, the G20 represents a platform where major global trends are shaped, including the cost of capital, the structure of demand, investment flows, industrial standards, trade rules and approaches to sustainable growth.

Investment: A Focus on Trust and Long-Term Capital

The global investment landscape is changing. Capital is becoming increasingly selective, while investors are paying greater attention not only to market size and natural resources, but also to the quality of institutions, regulatory predictability, the protection of business rights, access to infrastructure and the clarity of the legal environment.

This shift is particularly relevant for Uzbekistan. In recent years, attracting investment has become one of the central pillars of the country’s economic policy. At the Fifth Tashkent International Investment Forum, President Shavkat Mirziyoyev noted that Uzbekistan’s economy grew by 7.7% in 2025, while the country attracted USD 43 billion in foreign investment. GDP is expected to exceed USD 180 billion in 2026.

These figures reflect not only strong economic growth, but also the emergence of a new model of engagement with the international business community. Uzbekistan is strengthening its role as a stable platform for long-term capital, industrial cooperation and the regional expansion of companies.

The establishment of the Tashkent International Financial Centre plays an important role in this process. Its legal framework provides for a special regulatory regime, elements of English common law, an independent commercial court, the free movement of capital, the ability to conduct transactions in any currency, and the development of fintech, digital assets and green finance.

Such initiatives enhance Uzbekistan’s attractiveness to international businesses. They create an environment in which capital protection, transparent rules, modern financial instruments and institutional trust become integral components of the country’s overall investment architecture.

Against this backdrop, practical cooperation between Central Asia, international development banks, export credit agencies, sovereign wealth funds and the private sector is becoming increasingly important. For Uzbekistan, it is essential to establish mechanisms that facilitate the preparation and financing of specific initiatives in transport and digital infrastructure, power grids, energy storage systems, water conservation, agricultural technologies and the processing of critical minerals.

This approach is fully aligned with the priorities of the G20: investment should support not only the implementation of individual projects, but also the development of resilient infrastructure for long-term growth. Uzbekistan, for its part, is ready to offer its partners a well-prepared portfolio of projects and stable long-term conditions for their implementation.

Industry: Transitioning to a More Sophisticated Economy

One of the central themes of the G20 agenda is the development of a new generation of industry. This extends beyond increasing production volumes to encompass technological modernization, resilient supply chains, localization, advanced processing, innovation and the creation of high-skilled jobs.

For Uzbekistan, this approach is of direct relevance. The country is steadily transitioning from an economic model primarily based on raw materials and traditional manufacturing advantages toward one in which processing industries, technology, industrial cooperation and the export of higher value-added products play an increasingly important role.

Over the coming years, Uzbekistan aims to increase industrial value added from USD 36.5 billion to at least USD 60 billion, while expanding output in high-technology and medium-high-technology industries by a factor of 2.5. In 2026, the country plans to launch 782 new industrial and infrastructure projects with a combined value of USD 52 billion.

This approach is fully consistent with modern industrial policy. Manufacturing is viewed not merely as the production of goods, but as the foundation for technological resilience, employment, export growth, energy efficiency, logistics and participation in global manufacturing value chains.

A broad range of opportunities is emerging for Uzbekistan across metallurgy, the chemical industry, electrical engineering, machinery manufacturing, automotive components, pharmaceuticals, construction materials, textiles, agro-processing and digital infrastructure. In each of these sectors, the country seeks not only to expand production volumes but also to deepen value-added processing, improve product quality and access new markets.

Critical minerals have also become an increasingly important topic. For the world's leading economies, they are closely linked to the energy transition, digitalization, battery technologies, industrial modernization and secure supply chains. For Uzbekistan, with its rich mineral resource base and developing metallurgical sector, this resource advantage can serve as the foundation for new industrial clusters and production partnerships with international investors.

At the same time, it is essential that such cooperation goes beyond the simple export of raw materials and instead focuses on creating complete value chains within the region. This includes advanced processing, technology transfer, workforce development, strengthening engineering capabilities and creating highly skilled jobs. Such a model will enable Uzbekistan to reinforce its industrial self-sufficiency while becoming an even more significant partner for major international markets.

Trade: Connectivity as a Driver of Competitiveness

The relevance of the G20 is particularly evident in the area of trade. The world's largest economies already occupy a prominent place in Uzbekistan's external economic relations.

Between January and May 2026, Uzbekistan's foreign trade turnover reached USD 32.8 billion. Its key trading partners include China, Russia, Kazakhstan, Türkiye, France, the Republic of Korea and Germany. Most of these countries are either G20 members or are closely integrated into its broader economic architecture.

Decisions taken by the world's largest economies have a direct impact on the conditions of Uzbekistan's foreign trade. Technical standards, quality requirements, rules of origin, tariff policies, logistics routes, environmental regulations and digital trade procedures have become part of the day-to-day business environment for Uzbek exporters.

As a landlocked country, transport connectivity is of particular strategic importance for Uzbekistan. In today's global economy, export competitiveness depends not only on product quality but also on the speed, cost and reliability of delivery. Consequently, the development of East-West and North-South transport corridors passing through Central Asia has become an integral part of the country's trade, transport and industrial policy.

Achieving this objective requires practical solutions, including the digitalization of transit procedures, mutual recognition of electronic transport documents and certificates, coordinated operation of border crossing points, the reduction of unjustified fees and the implementation of the "One Border – One Stop" principle. The effectiveness of these measures should be assessed not by the number of agreements signed, but by tangible reductions in delivery times and transportation costs.

At the same time, Uzbekistan's export performance demonstrates important structural changes. Between January and May 2026, exports of goods excluding gold increased by 29.4%. This indicates that the country is steadily expanding the non-resource component of its foreign trade while strengthening its competitive position in industrial products, textiles, agro-processing, services, transport and other sectors.

At this stage, it is important not only to increase export volumes but also to improve their quality. Modern trade requires internationally recognized certification, consistency, strong branding, efficient logistics and the ability to meet the standards of major global markets. International standards and domestic reforms are becoming increasingly interconnected: external markets establish the requirements, while government policy helps businesses meet them.

WTO: Rules, Trust and Market Access

Uzbekistan's accession to the World Trade Organization is now approaching its final stage. This is no longer merely a technical process, but one of the key components of the country's economic transformation toward a more open, predictable and competitive model of development.

In June 2026, the issue gained additional political and practical momentum. During the meeting between President Shavkat Mirziyoyev and United States Trade Representative Jamieson Greer, particular attention was devoted to cooperation in the context of Uzbekistan's accession to the WTO and continued U.S. support for this process. At the same time, the United States officially reaffirmed its support for Uzbekistan's membership and recognized the substantial progress achieved by the country in this area.

For Uzbekistan, WTO membership represents the institutionalization of a new economic model based on reducing unnecessary trade barriers, enhancing regulatory transparency, improving the business and investment climate, expanding opportunities for exporters and strengthening the confidence of the international business community in the Uzbek market.

Integration into the WTO framework is closely linked to Uzbekistan's investment, industrial and trade agenda. For investors, it serves as a signal of greater policy predictability. For exporters, it provides access to a transparent and rules-based international trading system. For industry, it creates incentives to improve product quality, competitiveness and compliance with modern international standards. Accordingly, WTO accession should be viewed as a natural continuation of the comprehensive reforms already underway.

The New Economy: Global Trends and Uzbekistan’s Development Path

The global economy is undergoing profound structural transformation. Supply chains are being reshaped, competition for capital and technology is intensifying, and the importance of energy resilience, food security, digital infrastructure and industrial capabilities continues to grow. These are precisely the issues at the heart of the G20 agenda.

For Uzbekistan, this transformation reinforces the relevance of the country's chosen development path. The nation is already advancing in areas that are becoming fundamental to the new economy, including investment openness, industrial modernization, transport connectivity, energy development, digital transformation, export expansion and integration into the international rules-based trading system.

As the world's leading economies focus on supply chain resilience, new opportunities emerge for Uzbekistan in logistics, industrial cooperation and regional specialization. The global energy transition is increasing demand for renewable energy, critical minerals and energy-efficient industries. Food security concerns are enhancing the importance of agro-processing and cooperation with neighboring markets. Meanwhile, the growing emphasis on digitalization and financial resilience underscores the strategic importance of fintech, IT infrastructure, artificial intelligence and modern financial institutions.

At the same time, the transition to a low-carbon economy and the adoption of new digital standards must be both fair and practically achievable for developing countries. For Uzbekistan, it is essential that new international requirements be accompanied by transparent rules, reasonable transition periods, mutual recognition of equivalent standards, access to technology and financing, and support for exporters in implementing carbon accounting, product traceability and international certification systems.

In this context, the priorities discussed within the G20 closely align with the reforms already underway in Uzbekistan. The G20 therefore provides an international framework in which the country's development strategy receives both practical relevance and additional validation.

Strategic Priorities for Growth: Capital, Technology and Exports

From the perspective of investment, industry and trade, the G20 agenda highlights several strategic priorities for Uzbekistan.

The first is capital. Uzbekistan must continue developing an investment ecosystem in which international businesses see not only promising projects but also long-term institutional reliability. This requires further development of the country's financial centre, special legal regimes, industrial zones, digital public services, investor protection mechanisms and comprehensive investment facilitation.

The second priority is industry. Uzbekistan should continue strengthening its position in higher value-added manufacturing by expanding advanced processing, developing local component industries, enhancing engineering capabilities and fostering technological partnerships. This will enable the country to become a fully integrated participant in increasingly sophisticated global manufacturing value chains.

The third priority is trade and connectivity. Export policy should be built around quality, international standards, certification, logistics, branding and reliable access to global markets. For a landlocked country, this also requires continuous investment in transport corridors, transit digitalization, lower logistics costs and greater supply chain predictability. The steady growth of non-resource exports already demonstrates that Uzbekistan is moving in the right direction, while WTO accession is expected to provide additional momentum and long-term stability.

The fourth priority is partnerships. Most of Uzbekistan's principal trade and investment partners are either G20 members or closely connected to its broader economic architecture. Accordingly, cooperation with China, Russia, Türkiye, the Republic of Korea, Germany, France, India, Japan, the United States, the European Union and the Middle East should be viewed as part of a unified strategy for integration into global networks of capital, technology and markets.

Uzbekistan and the G20: Shared Priorities, Practical Outcomes

For Uzbekistan, the G20 reflects the global processes that are becoming increasingly intertwined with the country's own development trajectory. While the G20 focuses on sustainable growth, Uzbekistan is implementing large-scale economic reforms. As industrialization remains at the forefront of the international agenda, the country is strengthening its industrial base and pursuing greater technological sophistication. As discussions center on trade and investment, Uzbekistan continues opening its markets, improving its regulatory framework and establishing modern institutions for investment and capital.

The greatest value of the G20 agenda for Uzbekistan lies in the convergence of strategic priorities. The global economy is entering a new era in which capital, technology, production and trade are being fundamentally reconfigured. In this environment, Uzbekistan seeks not only to adapt to the evolving economic landscape but also to secure a stronger and more competitive position through structural reforms, openness, industrial development and long-term international partnerships.

Central Asia plays a particularly important role in this process. The region is steadily emerging as a strategic bridge between major global markets, while Uzbekistan is becoming one of the key platforms where transport corridors, industrial value chains and investment projects are translated into tangible economic outcomes.

This is the practical significance of the G20 for Uzbekistan. It provides a clearer understanding of the direction of the global economy, enables the country to align international developments with its national priorities and transforms global trends into concrete opportunities for sustainable growth. For Uzbekistan, this represents the continued implementation of its own long-term development strategy, built upon comprehensive reforms, national interests and the growing strategic potential of Central Asia.

In recent years, cooperation between Uzbekistan and Kazakhstan in the field of information and communication technologies (ICT) has expanded steadily, acquiring strategic significance. This partnership not only strengthens economic ties between the two nations but also serves as a foundation for the formation of a unified digital space across Central Asia.

A Robust Legal Framework

The legal foundations of bilateral cooperation were established in the early years of independence and have been progressively refined since. Agreements and memoranda concluded in the areas of electrical and postal communications, cross-border telecommunications services, radio frequency coordination, and space research have created a solid basis for bilateral relations. Notably, a new agreement on radio frequency usage signed in 2025 is contributing to the harmonised development of shared digital infrastructure.

Digital Economy: Growth and Investment

Cooperation in the digital economy has intensified considerably in recent years. The number of IT Park residents with Kazakhstani capital has reached 67, with export services valued at USD 2.8 million rendered in 2025 and 755 new jobs created. The number of companies exporting services to the Kazakhstani market has reached 155, with total export volume amounting to USD 17.6 million and a combined workforce of 4,600 employees — a clear indicator of growing mutual trust and an increasingly favourable business environment.

The Central Asian Innovation Hubs platform, established through the cooperation of the region's leading technology parks, has elevated the regional startup ecosystem to a new level, enabling hundreds of startups to access international markets.

Startups and Global Integration

Special attention is being devoted to startup support within the framework of bilateral cooperation. Both countries' startups are actively participating in such prestigious events as ICT Week Uzbekistan and GITEX Global. Kazakhstani and Uzbekistani startups have attracted new investment through participation in international acceleration programmes held in the United States, the UAE, Germany, and the United Kingdom. Forty startups participated in the Draper University, AlchemistX, and Silicon Valley Residency programmes.

One hundred startups under the Central Asian Innovation Hubs umbrella participated in major international conferences, including the AI Forum in Kazakhstan, Eurasia Technology Week in Turkey, Machines Can See Summit in the UAE, GITEX in Germany, and London Tech Week in the United Kingdom.

More than 20 companies with Uzbek capital are currently operating among Astana Hub residents, including Oson, Billz, Sales Doctor, IT Academy for Engineers, Verifix, Smartup, Iman, Uysot, Smartcast, Tezbor, Platma, and BITO.

The opening of the Khan Tengri Innovation Hub in Shanghai has broadened market entry opportunities for regional startups in China.

On 3 October 2025, the Kazakhstan Market Entry global acceleration programme was launched during the Digital Bridge 2025 international conference, with 10 startups from the Republic of Uzbekistan presenting their projects on stage. The programme is being conducted in partnership with Astana Hub as an exchange initiative, under which 10 Kazakhstani startups are actively developing their products in the Uzbekistani market through the Digital Startup Awards acceleration programme.

The Digital Startup Awards — one of the region's most prominent initiatives with a total prize fund of USD 1 million — brought together startups from Central Eurasia, including Kazakhstan and other regional markets, through its incubation, acceleration, and Best Startup Project competition components. Upon completion of the programme, 14 startups successfully completed the acceleration track and 15 completed incubations. Based on results achieved and expansion potential, IT Park Ventures invested up to USD 50,000 per startup in SAFE format for acceleration participants, and up to USD 10,000 for incubation participants on the same terms.

Telecommunications: Strengthening Interconnectivity

In the field of telecommunications, direct communication channels have been established between major operators of both countries, enabling the efficient exchange of international telephone and internet traffic. Operators including Uzbektelecom JSC, Kazakhtelecom JSC, Jusan Mobile JSC, TransTeleKom JSC, and TNS-Plus LLC are facilitating the exchange of international direct and transit telephone and telegraph traffic. Additionally, a system for sharing data on the IMEI codes of mobile devices is being introduced between the two states — a significant measure in ensuring information security and combating the circulation of unauthorised devices.

Artificial Intelligence: Forward-Looking Cooperation

Cooperation in the field of artificial intelligence is progressing consistently. Scientific and research ties have been established with the Institute of Artificial Intelligence at Nazarbayev University in Kazakhstan. Specialists from both countries are engaged in joint work on personnel training, the development of research laboratories, and the creation of innovative solutions.

Digital Government: Cross-Border Collaboration

On 17 December 2025, agreements were reached to launch a pilot project on tourism data exchange, building on Memoranda of Understanding signed between the UN ESCAP and both the Republic of Uzbekistan and the Republic of Kazakhstan.

On 13 March 2026, a meeting held at the Digital Government Project Management Centre between UN ESCAP, Korea's National Information Society Agency (NIA), and Kazakhstan's NITEC JSC announced the successful completion of the first phase of the project. During this phase, the legal and technical frameworks for cross-border data exchange among Uzbekistan, Kazakhstan, and Korea were developed, and data-driven analyses were prepared demonstrating their value in decision-making processes. Results pertaining to the activities and consumer behaviour patterns of Korean tourists in Uzbekistan proved particularly significant.

Upon the successful completion of subsequent phases, the project envisions expanding data exchange to other priority sectors and establishing a unified intergovernmental data-sharing platform among Uzbekistan, Kazakhstan, and the Republic of Korea — an initiative that will drive the development of cross-border digital cooperation and enhance the efficiency of both public and commercial services.

Information Security and Infrastructure

Efforts are under way within the framework of cooperation memoranda to develop e-government systems, digital platforms, and public data management systems. The transition of digital television broadcasting to enable the rollout of 4G and 5G networks in the 700 MHz band is being implemented in a coordinated manner across Central Asia.

ICT cooperation between Uzbekistan and Kazakhstan today carries strategic importance not only for both nations, but for the entire Central Asian region. Joint initiatives in digital economy, the startup ecosystem, artificial intelligence, and telecommunications are accelerating innovation-driven development across the region. This partnership will undoubtedly serve as a key driver in the formation of a unified digital space and the enhancement of global competitiveness.

According to the survey results, entrepreneurs are increasingly reporting higher demand, employment growth, and an overall improvement in business conditions.

The Center for Economic Research and Reforms (CERR) presented the results of its business climate analysis based on monthly surveys of entrepreneurs across the country.

Based on the collected data, a composite Business Climate Index has been developed, reflecting both current business conditions and expectations for the next three months.

Business Climate Dynamics in Uzbekistan

As of February 2026, the composite Business Climate Index reached 65 points (on a scale from −100 to +100), which is 11 points higher than in the same period last year.

The improvement in the business climate was primarily driven by rising business expectations, which increased by 13 points to 81. Additional support came from improved assessments of current business conditions, which rose by 10 points to 51.

The survey indicates positive trends across key business activity indicators. The share of entrepreneurs assessing the current business situation as “good” increased to 44%, compared to 38% in February of the previous year.

The proportion of enterprises that increased their workforce rose to 19%, up from 12% a year earlier. Meanwhile, 34% of respondents reported an improvement in business conditions over the past three months, compared to 28% last year.

In addition, 39% of respondents reported increased demand for their products, up from 22% in the same period last year.

Sectoral Dynamics of the Business Climate Index

In a sectoral breakdown, improvements in the business climate were observed across all major sectors of the economy compared to the previous year.

The most significant improvement was recorded in agriculture, where the index increased by 29 points to reach 73. This growth was driven by both improved current conditions and a substantial rise in expectations.

The share of entrepreneurs assessing conditions as “good” rose to 56%, compared to 41% a year earlier. Meanwhile, 52% reported increased demand (35% previously), and 49% noted an improvement in the business environment over the past three months (32% previously).

In the services sector, the business climate index increased by 8 points to 61. While assessments of current conditions remained relatively stable, expectations improved.

Entrepreneurs maintain strong expectations regarding demand in the coming three months, with 72% reporting anticipated growth, close to last year’s level (71%). At the same time, employment has been gradually increasing, with the share of firms expanding their workforce rising to 16%, compared to 12% previously.

In the construction sector, the business climate index rose by 8 points to 69. Improvements were observed in both current assessments and expectations. Entrepreneurs are increasingly reporting higher employment and demand, reflecting stable sectoral dynamics.

The share of respondents reporting improved business conditions over the past three months increased to 34%, compared to 26% a year earlier. Meanwhile, 27% reported workforce expansion (15% previously), and 80% expect demand to increase in the next three months, up from 77% last year.

In industry, business climate growth was more moderate, increasing by 2 points to 67. At the same time, business expectations remain high, with continued growth in demand and gradual employment expansion.

Over the past three months, 32% of entrepreneurs reported increased demand, compared to 29% a year earlier. Workforce expansion was noted by 22% (13% previously), while 77% expect further demand growth in the next three months, also exceeding last year’s level.

Barriers to Business Activity

According to the survey, 61% of entrepreneurs reported no constraints in their operations, up from 57% in the previous month, indicating an overall improvement in the business environment.

Compared to the previous month, the share of respondents reporting difficulties related to access to credit, electricity supply, transport, and logistics has declined. At the same time, there has been a moderate increase in concerns related to access to land resources, utility costs, and tax rates.

CERR Sector for Competitiveness and Investment Activity Analysis

Tel: (78) 150 02 02 (441)

CERR Public Relations and Media Sector

Tel: (78) 150 02 02 (417)

The head of our state familiarized himself with the presentation on the development of master plans of districts and cities.

This task was set at the video conference call dedicated to priority tasks in the economy, which took place on January 16 this year. The responsible persons presented information on the work done, as well as the expected results from the implementation of master plans.

During this time master plans were developed for 14 districts and cities. They provide for the construction of 759 apartment buildings, 22 shopping centers and more than 800 service facilities.

In addition, 136 more master plans are planned based on driver areas in 112 neighborhoods.

For example, 38 high-growth neighborhoods need to build sufficient housing, public spaces and recreational parks.

In 20 districts with high tourism potential, there is an opportunity to increase the flow of tourists by 2.5 times by increasing the number of hotels and developing ecological, hunting, medical, sports and extreme tourism.

More than 400 motels, campgrounds, canteens, stores and car services can be created in 68 districts, through which main roads pass.

In general, thanks to the projects based on master plans, 40 thousand jobs are expected to be created, as well as annual budget revenues of 350 billion soums.

The head of our state emphasized the need to accelerate the creation of convenient infrastructure, shopping and entertainment places, as well as high-income jobs for the population.

The task has been set to create a vertical system of development and monitoring of master plans.

A total of 537 companies and brands, 125 speakers, and more than 1,000 delegates from 31 countries have confirmed their participation in the forum

One of the most significant exhibition and conference events in the country’s fuel and energy sector - Uzbekistan Energy Week (UEW 2026) - will be held at the CAEx Uzbekistan International Exhibition Center.

Uzbekistan Energy Week is a major annual international event, traditionally supported by the Ministry of Energy of Uzbekistan and Uzbekneftegaz JSC. It brings together industry leaders, innovators and experts, along with government representatives and international businesses to shape the strategic agenda, define long-term priorities and accelerate adoption of advanced energy solutions.

The broad UEW 2026 Programme is built around the theme “New Energy: Innovation, Sustainability and Regional Cooperation” and includes a series of specialised exhibitions and conferences covering two core areas of the energy sector – hydrocarbon production and electric power. These events play a strategic role in shaping industry agenda and setting priorities for both development and regional dialogue.

The UEW 2026 Programme includes the following key industry events:

Uzbekistan International Energy Forum, comprising:

– the 28th International Conference Oil and Gas of Uzbekistan

– the 6th International Energy Conference

OGU 2026: the 28th International Oil and Gas Uzbekistan Exhibition

Power Uzbekistan 2026: the 19th International Exhibition on Energy, Energy Saving, Nuclear Energy, Alternative Energy Sources

GETCA 2026: Specialised Section on Green Energy Technologies Central Asia

Over three days, the leading companies from across the fuel and energy sector will present their advanced technologies and showcase the latest industry developments. A total of 537 companies and brands, 125 speakers, and over 1,000 delegates from 31 countries have confirmed their participation in Uzbekistan Energy Week, including Austria, Azerbaijan, Belarus, Belgium, the United Kingdom, Germany, Georgia, Denmark, Egypt, Jordan, Italy, Kazakhstan, Qatar, China, South Korea, Kyrgyz Republic, Morocco, the Netherlands, Norway, the United Arab Emirates, Poland, Russia, Saudi Arabia, Singapore, the United States, Türkiye, Uzbekistan, France, the Czech Republic, Switzerland and Japan.

National pavilions will bring together companies from the Republic of Belarus, Germany, China and Türkiye, while Italy, Republic of Korea and Russia will be represented with their collective stands.

Uzbekistan Energy Week highlights the sustained interest of international investors and technology companies in the country’s energy sector. With a strong focus on sustainable development and advanced technologies, the event continues to strengthen its role as a leading energy platform in Central Asia.

Dunyo IA

The First Deputy Director of the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan Akramjon Nematov shared this assessment, commenting on the results of President of the Republic of Uzbekistan Shavkat Mirziyoyev's visit to Turkiye.

According to him, the official visit of the Uzbek leader to the Republic of Turkiye, which concluded on January 29, 2026, should be viewed not only as another event on the bilateral political calendar, but above all as an important milestone in the institutional strengthening of Uzbek-Turkish relations. Its results convincingly confirmed that the interaction between Tashkent and Ankara, which was largely fragmented just a few years ago, has reached a qualitatively new level – the level of a comprehensive strategic partnership based on pragmatism and mutual benefit.

The personal role of President Shavkat Mirziyoyev in shaping this new quality of relations deserves special mention. His proactive policies and strategic approach have enabled bilateral cooperation to reach a systemic level, where pragmatism is combined with a long-term focus on sustainable development. Thanks to the President's initiative, visits and cooperation programs have become regular and institutionalized, and the agreements reached have begun to be implemented with clear planning and measurable results, strengthening trust between the countries and creating a reliable platform for economic, humanitarian, and technological ties.

Thus, the current visit's program, which included talks in narrow and expanded formats, as well as the fourth meeting of the High-Level Strategic Cooperation Council, demonstrated a high level of political trust and the maturity of the bilateral dialogue. While such meetings were previously held sporadically, today the Strategic Cooperation Council functions on a regular basis, ensuring the continuity of decisions and overseeing their implementation. Symbolically, the key events took place on the eve of the holy month of Ramadan and the 30th anniversary of the Treaty of Eternal Friendship and Cooperation, underscoring the value-based and historical foundation of the partnership.

Of fundamental importance is the fact that Uzbek-Turkish cooperation is currently characterized by constructive and pragmatic mutual approaches, and is being built as an open partnership model focused on ensuring shared security and sustainable development. This is reflected in the finalization of the "4+4" format, which brings together coordination across foreign policy, defense, and law enforcement agencies. Unlike previous consultation mechanisms, this format is practical in nature and allows for a systemic response to cyber threats, cross-border crime, and other unconventional challenges.

The economic dimension of the partnership demonstrates sustained positive momentum and a high degree of complementarity. In recent years, mutual trade has more than doubled, reaching $3 billion by the end of 2025, compared to just $1.5 billion at the beginning of the decade. The goal set by the heads of state to increase trade turnover to $5 billion is supported not by mere declarations, but by a real investment portfolio of approximately $9 billion. The number of enterprises with Turkish capital has also increased significantly: while there were previously hundreds, today over 2,100 such companies operate in Uzbekistan, demonstrating growing business confidence and the formation of a solid material foundation for the strategic partnership. The need for further advancement of projects in industry, agriculture, social protection, and other priority areas was emphasized, including by expanding the list of goods covered by the Preferential Trade Agreement.

In preparation for the visit, new priority areas of industrial cooperation were identified, which will be implemented under a separate program. Compared to previous stages of cooperation, which focused primarily on trade and construction, the current emphasis is on joint production, localization, and export-oriented industries. Particular attention is paid to developing cooperation in tourism, theater festivals and cultural weeks, joint production of historical films, and the restoration of cultural heritage sites, reflecting the expanding humanitarian component of the partnership.

It is particularly noteworthy that the agreements reached are directly aimed at addressing the structural challenges of Uzbekistan's national development. The development of the Middle Corridor and the cooperation in transport and transit enshrined in the corresponding protocol are aimed at overcoming the country's geographic isolation and diversifying external logistics routes. Compared to traditional routes, these solutions reduce delivery times and increase the resilience of supply chains. Agreements on industrial cooperation, the management of special economic zones, and the creation of joint clusters contribute to reducing the economy's reliance on raw materials and fostering high-value-added production. The transfer of technological competencies, including nuclear safety and digitalization, should be viewed as an element of sovereign modernization, not technological dependence.

A fundamentally new stage has been the expansion of cooperation to the regional level. The intention to organize visits by delegations from all regions of Uzbekistan to Turkiye reflects the transition from a centralized model of interaction to a more flexible, decentralized partnership architecture. While interregional contacts were previously limited, the Action Plan for 2026–2027 envisages the formation of sustainable partnerships between the regions of the two countries, the launch of joint projects, and the development of a portfolio of local initiatives. Significant potential for implementing advanced Turkish practices in agriculture, horticulture, healthcare, and medical tourism has also been noted.

The military-technical cooperation sector deserves special attention. Compared to previous years, when interaction was limited to consultations, the signed agreements provide for deeper cooperation in military medicine, personnel training, and the implementation of surveillance systems and unmanned aerial vehicles. This cooperation is exclusively defensive in nature and is aimed at enhancing the professional level and technical capabilities of the Armed Forces of Uzbekistan, which is a rational contribution to strengthening national defense capability.

The humanitarian dimension of the Uzbek-Turkish partnership lends further depth and stability to the relationship. The implementation of the Cultural Cooperation Plan for 2026–2027, the agreement to hold the fourth Rectors' Forum in Bukhara, and joint education projects form a long-term foundation for cooperation. Uzbekistan's participation in the reconstruction of the earthquake-damaged Hatay province, the construction of the "Uzbekistan" residential complex, and a comprehensive school have become clear examples of practical solidarity. The start of construction of an Uzbek school in the Bekirkoy district of Istanbul—Uzbekistan's first educational institution abroad—is also symbolic, reflecting the strategic focus on the humanitarian aspect of cooperation and outreach to the diaspora.

Overall, the visit to Turkiye confirmed that Uzbek-Turkish relations are developing as a pragmatic, dynamic, and responsible partnership. Compared to previous stages of bilateral cooperation, the current format is characterized by greater institutional stability, expanded economic and regional cooperation, and deepened humanitarian ties. The agreements reached create additional tools for overcoming transportation and technological constraints, modernizing the economy, strengthening defense capabilities, and ensuring shared security, forming a solid foundation for further expanding Uzbekistan's international cooperation in a changing global environment.

«Dunyo» IA

Tashkent

Today, civil society institutions, particularly non-governmental non-profit organizations (NGOs), play an active role in Uzbekistan's development and the implementation of the “Uzbekistan – 2030” strategy. It is impossible to build a new Uzbekistan without organizing the activities of NGOs, the most important institution of civil society, according to democratic principles. On this basis, effective work is being done to support NGOs and civil society institutions, strengthen social partnerships with state bodies, implement effective public oversight, and improve the legal framework governing this area.

As a result of the measures implemented, the legal and regulatory framework has been improved to provide legal guarantees for NGOs while also meeting modern democratic requirements and international standards. The laws "On non-governmental non-profit organizations," "On guarantees for the activities of non-governmental non-profit organizations," and "On public oversight," as well as the Presidential Decree "On approval of the civil society development concept for the period 2021-2025" and a number of Governmental decrees, have all been adopted.

The civil society development concept for the period 2021-2025 aims to increase state support for civil society institutions in the form of subsidies, grants, and social orders by 1.8 times, as well as increase the volume of allocated funds to 70 billion soums by 2025.

A number of goals, objectives, and indicators related to the further development of civil society are set out in conceptually significant documents such as the Strategy for Action, the Development Strategy of New Uzbekistan for 2022-2026, and the "Uzbekistan - 2030" Strategy. Upon that basis, it is worth noting that the State programmes adopted annually include provisions for further strengthening the activities of civil society institutions and NGOs.

The chapter titled "Civil society institutions" and the term itself were included for the first time in the new version of the Constitution adopted through a referendum in 2023.

It should be mentioned that the President of Uzbekistan prioritizes civil society institutions and NGOs in his publications, speeches, and reports. Shavkat Mirziyoyev's book titled "Strategy of New Uzbekistan" includes a separate paragraph titled "Free and Open Civil Society" and it includes comments on priority areas for civil society development as well as proposals for implementing a number of tasks based on a thorough examination of relevant national legislation, law enforcement practice, and best foreign experience.

According to the figures, there were only 95 NGOs operating in the country on January 1, 1991; by January 1, 2000, there were 2,585, by January 1, 2016, there were 8,417, and by January 1, 2024, there were over 9,000. These NGOs are critical in protecting individuals' and legal entities' rights and legitimate interests, as well as democratic values and the achievement of social, cultural, and educational objectives. 

It is also important to note the dynamic growth of support and financial sustainability provided by NGOs. In particular, 513.8 billion soums were allocated from the state budget to support 2,074 NGOs and other civil society institutions between 2017 and 2023. If 12.3 billion soums were allocated in 2017, the figure was 226.4 billion in 2023. It is planned to allocate 1.8 trillion soums in 2024.

Furthermore, the scope of state support for civil society institutions has been broadened, and public funds to support civil society institutions have been established through the local Councils (Kengash) of People's Deputies. The legal basis for allocating funds from the local budget to support civil society institutions in the regions has been strengthened, and social projects are funded through these channels.

It should be acknowledged that favourable conditions are one of the most important factors in the effective operation of non-governmental organizations. In 14 regions of our republic, "Houses of non-governmental non-profit organizations" have been established, housing approximately 500 NGOs and providing them with the necessary office equipment, furniture, items, equipment, and other tools. As a result, the NGOs' problems with the building were resolved, and their socially beneficial activities were resumed. In particular, newly established NGOs carrying out their activities in socially significant spheres were accommodated in these buildings under the right of free use.

To regularly improve the knowledge and skills of NGOs' managers based on the best foreign experience, the Academy of Public Administration under the President of the Republic of Uzbekistan organizes training courses on a special 72-hour training programme. To date, 367 NGO leaders and managers have attended advanced training courses. These advanced training courses are expected to train 134 NGO managers by 2024.

It should be noted that NGOs express proposals and initiatives to improve State programs and legislation in their field, as well as carry out public control measures over the implementation of Regional socioeconomic development programmes and State programmes.

As mentioned above, the 83rd goal of the “Uzbekistan – 2030” strategy prioritizes the expansion of free civil society and media activities, transforming Uzbekistan into a hub for civil society development. It specifically highlights the tasks of increasing the number of projects implemented within the framework of social partnership by at least threefold and increasing the number of NGOs participating in government programs to at least 80.

To summarize, civil society institutions and NGOs are genuine supporters of state bodies and organizations in the process of reforms, sociopolitical and socioeconomic changes, achievement of strategic goals, and serving as a social bridge between society and government.

Anvarjon Mirkomilov,

Head of Department,

Development Strategy Center

The Central Election Commission held a meeting and a series of events today, July 26th. The primary agenda item was the preparation and high-level accomplishment of the upcoming elections for the Legislative Chamber of the Oliy Majlis and the Councils of People's Deputies in full compliance with the Constitution and laws.

According to Article 128 of the Constitution of the Republic of Uzbekistan, elections for the Legislative Chamber of the Oliy Majlis and the Councils of People's Deputies are scheduled to take place on the first Sunday of the third ten-day period of October in the year their term expires. Considering that the term of the deputies of the Legislative Chamber of the Oliy Majlis and the Councils of People's Deputies ends in 2024, the elections will be held on October 27th of this year, and the election campaign will begin on July 26th, as decided by the Central Election Commission.

These elections mark a significant departure from the past, taking place in a new socio-political environment as stipulated by our Constitution. The meeting underscored the unique features of these elections, which include:

1. For the first time in Uzbekistan's history, the Legislative Chamber of the Oliy Majlis elections will be conducted using a mixed electoral system, combining majoritarian and proportional systems. This significant change will see seventy-five deputies elected directly through the majoritarian system, where voters vote for specific candidates. The remaining seventy-five deputies will be elected based on votes cast for political parties under the proportional system.
2. One of the most significant advancements is the full digitization of election commissions' activities at all levels and their interactions with participants in the election process. This development significantly reduces bureaucracy, time, and document handling in election procedures, ushering in a new era of efficiency in our electoral system.
3. Our election legislation has been fundamentally improved to align with advanced democratic standards. These improvements include introducing a new system for election bodies led by the Central Election Commission and requiring political parties to ensure that at least 40% of their candidates for deputy positions are women. Additionally, a candidate must receive a relative majority of votes to be elected. If a candidate gets more votes than other candidates in their respective electoral district, they will be elected without needing a repeat vote.

4. The elections are taking place in conditions of significantly strengthened parliamentarianism and the powers of representative bodies at the local level, as established by the Updated Constitution. Specifically, the absolute powers of the Legislative Chamber have increased from 5 to 12, and those of the Senate from 12 to 18. The parliament's oversight functions over the activities of executive, judicial, law enforcement agencies, and special services have been expanded. The institution of hokims leading local Councils of People's Deputies is being abolished. To enhance the role of representative bodies in resolving important state issues, 33 powers previously held by hokims have been transferred to local Councils.

The meeting underscored the significance of these elections as a vivid example of democratic state-building in our country and an essential means for citizens to exercise their constitutional rights to vote and be elected to democratic state bodies. The elections will involve the election of 150 deputies to the Legislative Chamber, 65 members to the Senate, 65 deputies to the Jokargy Kenes of the Republic of Karakalpakstan, deputies to 208 district (city) Councils in the regions and Tashkent city, with around 30,000 candidates and nearly 90,000 trusted representatives actively participating. Over 120,000 election commission members and more than 70,000 citizens and international observers are expected to participate in the election process.

Considering the important role of elections in state life and with the aim of widely engaging citizens in this process, the Central Election Commission announced that the elections will be held on October 27th under the slogan “My Choice—My Prosperous Homeland.”

The 'E-Saylov' information system is a key tool in making the election process more transparent and accessible. It facilitates around 60 interactions between election commissions, political party candidates, observers, and the media entirely electronically. Integrated with other electronic platforms, the system automates many procedures in the election process without human intervention. This system forms an extensive database of nearly 400,000 participants in the election process, including election commission members, candidates, and observers. Around 32,000 participants will professionally use the information system, which includes communication through 40 types of SMS notifications.

For citizens, the "E-Saylov" information system introduces several conveniences in obtaining election-related information. Specifically, it provides statistical data on voters and polling stations, information on candidates for various elections, and interactive maps to learn about candidates and their biographies.

The meeting emphasized that the "E-Saylov" information system represents a new level of technological advancement and transparency in elections.

It was also noted that according to Article 37 of the Election Code, political parties have the right to nominate candidates for deputies to the Legislative Chamber and local Councils.

To participate in the elections, political parties must have been registered by the Ministry of Justice at least four months before the announcement of the election campaign and collect at least 40,000 signatures supporting their participation.

Additionally, the meeting approved a calendar plan to ensure that the activities related to conducting the elections are carried out step-by-step within the timelines specified by election legislation. The Central Election Commission, as an impartial and independent constitutional body, will take all necessary measures to prepare for and conduct the upcoming elections in full compliance with national legislation and international election standards, ensuring the process is open and transparent.

A Press Center has also been established under the Central Election Commission.

Central Election Commission

of the Republic of Uzbekistan

On the Inaugural Meeting of the Peace Council in Washington

At the invitation of the President of the United States Donald Trump, President of the Republic of Uzbekistan Shavkat Mirziyoyev paid a working visit to Washington on February 17–19 to participate in the inaugural meeting of the Peace Council. The visit combined a substantive political agenda with an extensive economic program and resulted in a number of agreements aimed at further strengthening Uzbek-American strategic partnership and expanding bilateral cooperation across key sectors.

Expanding Participation in Addressing Global Challenges

The Peace Council is an intergovernmental initiative put forward by President Trump within the framework of the Gaza peace plan endorsed by the UN Security Council in November 2025. The establishment of this platform is intended not only to coordinate humanitarian assistance but also to create institutional mechanisms for long-term stabilization, reconstruction, and socio-economic recovery of the Gaza Strip, while reducing the risks of renewed escalation in the Middle East.

The Charter of the Peace Council was signed on January 22, 2026, on the sidelines of the World Economic Forum in Davos. Signatories included leaders and representatives of Azerbaijan, Argentina, Armenia, Bahrain, Bulgaria, Hungary, Indonesia, Jordan, Kazakhstan, Qatar, Morocco, Mongolia, the United Arab Emirates, Pakistan, Paraguay, Saudi Arabia, Türkiye, Uzbekistan, and Kosovo. Subsequently, Belarus, Albania, Cambodia, Egypt, El Salvador, Jordan, and Kuwait officially joined the group of founding states, expanding the Council’s geographic and political representation.

By joining the founding members at the invitation of the U.S. President, Uzbekistan reaffirmed its commitment to peaceful diplomacy, respect for international law, and shared responsibility for maintaining global stability. Uzbekistan recognized Palestine in 1994 and consistently supports the right of the Palestinian people to establish an independent state in accordance with international legal norms and UN resolutions.

Uzbekistan’s policy toward Gaza combines principled political positioning with practical humanitarian engagement. In 2023, Uzbekistan allocated $1.5 mln through UNRWA. In December 2023, 100 wounded Palestinian women and children were evacuated and provided with medical treatment and rehabilitation services. In 2025, Uzbekistan developed a comprehensive state support mechanism for Palestinian citizens received in the country, including asylum procedures, access to healthcare, education for children, and employment assistance. A dedicated fund under the National Agency for Social Protection was established to finance these measures through budgetary and charitable resources.

The inaugural meeting of the Peace Council held on February 19 in Washington brought together leaders and representatives of more than 40 countries. Discussions focused on humanitarian relief, infrastructure restoration, and ensuring the sustainability of the post-conflict recovery process. At the opening of the session, President Trump announced that nine countries – Kazakhstan, Azerbaijan, the UAE, Morocco, Bahrain, Qatar, Saudi Arabia, Uzbekistan, and Kuwait – had jointly pledged $7 bn in assistance to Gaza, while the United States committed an additional $10 bn to support the Council’s activities.

In his address, President Mirziyoyev expressed full support for the peace initiative and confirmed Uzbekistan’s readiness to participate practically in its implementation. Particular emphasis was placed on the principle that any external governance framework for Gaza must rely on internal public support in order to ensure legitimacy, stability, and long-term effectiveness.

Highlighting the importance of coordinated international efforts, the President noted that joint actions would help secure the sustainability of the post-conflict process and accelerate socio-economic recovery. Uzbekistan also declared its readiness to contribute to the construction of residential housing, schools, kindergartens, and healthcare facilities in Gaza, thereby supporting both humanitarian and development objectives.

The Palestinian and Gaza issue has remained on the international agenda for decades without a comprehensive solution. In this context, the creation of the Peace Council represents one of the most structured multilateral attempts in recent years to address the crisis, while Uzbekistan’s participation among the founding states reflects the growing recognition of its constructive diplomatic role.

Expanding Trade and Economic Cooperation

Alongside political dialogue, the economic dimension of the visit formed a central pillar of bilateral engagement. In recent years, Uzbekistan and the United States have steadily restored institutional mechanisms of strategic partnership and expanded practical cooperation.

Cooperation with the U.S. Export-Import Bank resumed in 2017 after a 13-year hiatus. Agreements were concluded between Amazon and Uztrade, while science, technology, and economic modernization were identified among priority cooperation areas. In 2018, a $100 mln memorandum on trade financing was signed between Eximbank and Uzbekistan’s National Bank for Foreign Economic Activity. Cooperation with Openbucks supported the development of e-commerce and digital payment infrastructure.

A major milestone was reached in September 2025 during the 80th UN General Assembly in New York, where negotiations between the two presidents resulted in the formation of a portfolio of contracts and prospective projects exceeding $100 bn. The agreements covered aviation, mining and chemicals, energy, finance, and innovation. Specific arrangements included cooperation with Denali Exploration Group on rare earth elements, Re Element Technologies in rare earth metals, Flowserve on modernization of pumping stations, Valmont Industries on water-saving technologies, and Palo Alto Networks in artificial intelligence.

During the Washington visit, President Mirziyoyev held meetings with U.S. Secretary of Commerce Howard Lutnick, Eximbank President John Jovanovic, DFC CEO Ben Black, and U.S. Trade Representative Jamieson Greer. Discussions focused on expanding financing for major industrial and infrastructure projects, supporting high-tech equipment exports, launching a bilateral Investment Platform, advancing Uzbekistan’s WTO accession, and strengthening regional trade cooperation under TIFA. The agreement establishing the Investment Platform was formally signed during the visit.

Additional bilateral documents were concluded covering construction of fuel station networks, sprinkler irrigation technologies, extraction and supply of critical minerals, development of poultry clusters, agro-industrial cooperation, financial market development, and investment climate reforms. The economic agenda was identified as one of the key pillars of Uzbek-American strategic partnership, with priority cooperation areas including critical raw materials, petrochemicals, energy, agriculture, and industrial modernization.

Trade and Investment Dynamics

The intensification of bilateral cooperation has already produced tangible economic results. Between 2017 and 2025, trade turnover increased 4.7-fold from $215 mln to $1 bn. Exports grew 9.1-fold to $291.7 mln, while imports rose 3.9-fold to $712.3 mln.

Exports to the United States are dominated by services (81%), including programming, financial, information, and transport services. Petroleum products account for 8.6%, machinery and equipment 3.7%, food products 3.5%, and industrial goods 3.3%.

Imports from the United States are led by machinery and equipment (59%), including aircraft, vehicles, computing equipment, engines, pumps, and industrial installations. Services account for 20.5%, chemicals 9.7%, industrial goods 3.8%, food products 3.2%, and manufactured goods 2.2%.

Investment cooperation has expanded dynamically. U.S. FDI and loans increased nearly 64-fold from $8.6 mln in 2017 to $383.2 mln in 2025, with cumulative inflows exceeding $2.9 bn. As of February 2026, 346 enterprises with U.S. capital operate in Uzbekistan, including 146 joint ventures and 200 wholly foreign-owned firms. Investments are concentrated in manufacturing, mining, construction, services, and agriculture.

Prospects for Deeper Economic Partnership

Recent dynamics indicate a transition from trade expansion toward long-term technological and industrial partnership. While services dominate exports, significant untapped potential remains in agro-processing, textiles, non-ferrous metallurgy, and higher value-added manufacturing.

Given annual U.S. imports of $118 bn in textiles and apparel, $539 bn in food products, and $213 bn in pharmaceuticals, even limited market penetration could significantly expand Uzbek exports and rebalance their structure.

Technology cooperation represents a separate strategic track. The United States accounts for 45% of Uzbekistan’s IT exports, with 448 of 800 exporters supplying digital services to the U.S. market. The next phase may involve joint industrial production in electronics and microelectronics with companies such as NVIDIA, Intel, and Qualcomm, enabling integration into global value chains.

Energy cooperation could support infrastructure modernization and renewable energy deployment, while pharmaceutical localization and joint R&D with companies such as Pfizer, Johnson & Johnson, and Merck offer additional avenues for technology transfer and investment.

Privatization and PPP initiatives create further opportunities. By 2030, the private sector share in Uzbekistan’s economy is projected to reach 85%, with stakes in 2,000 enterprises planned for sale and $30 bn in PPP projects to be launched. Cooperation with U.S. capital markets, including the NYSE and Nasdaq, may further support the development of Uzbekistan’s financial infrastructure.

Conclusion

President Mirziyoyev’s visit to Washington and participation in the inaugural Peace Council meeting carry both diplomatic and economic significance.

Uzbekistan’s engagement in the Council strengthens its international standing and expands its contribution to addressing global challenges. At the same time, the agreements reached and the expanding portfolio of joint projects elevate Uzbek-American relations to a new stage characterized by deeper institutional cooperation, industrial integration, and long-term strategic trust.

Viktor Abaturov,

Center for Economic Research and Reforms

Akramjon Nematov, First Deputy Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan (ISRS), in an analysis for Dunyo IA on the results of the April 24 meeting chaired by the Head of State, emphasized that the country's socio-economic development results for the first quarter of 2026 confirm: the nation has not only adapted to global turbulence but has also developed a reliable internal immunity to external shocks.

According to him, the achieved figures indicate that the national economy has reached a qualitatively new level of dynamic development. Despite unprecedented global market volatility, the disruption of global supply chains, and mounting inflationary pressures, Uzbekistan recorded an impressive GDP growth of 8.7%, significantly exceeding the 6.8% result from the same period last year.

Such a significant breakthrough, the expert is convinced, has been a direct result of the well-considered and consistent strategy of the President of Uzbekistan Shavkat Mirziyoyev, aimed at the fundamental transformation of all spheres of public life. During this challenging period, the state assumed not merely the role of a regulator but that of an active catalyst for modernization: the industrial sector grew by 8%, compared with 4.1% in 2025, while the services sector, which has become the engine of renewal, surged by 16.1%. Against the backdrop of global instability, Uzbekistan, for the first time on an annual basis, managed to curb inflation, reducing it from 10.6% in March 2025 to 7.1% in the current period, thereby opening new horizons for long-term investment planning.

The country’s leadership has made a significant contribution, reflected in unprecedented financial support for entrepreneurship. In 2026, 140 trillion UZS are being allocated for these purposes through the banking system, 30% more than last year. Targeted assistance to mahallas in the first quarter alone amounted to 3.6 trillion UZS, a 25% increase, enabling local budgets to generate an additional 2.2 trillion UZS in revenue.

As the expert noted, during the critical analysis, the Head of State emphasized that the quantitative records achieved must serve as a foundation for significant structural improvements in the economy, necessitating a transition to an advanced, innovative development model. One of the central tasks identified is a sharp increase in labour productivity, which should rise by at least 10-15% through the integration of modern technologies and management standards. The state aims to fully move away from the raw-materials-exporter model toward the creation of high-tech regional value chains, engaging more than 40 global brands as strategic partners.

Particular attention is being paid to the efficiency of project management. With a record volume of foreign investment in the quarter totalling USD 13.7 billion, 1.6 times higher than last year, the focus is shifting toward precise monitoring of returns. The President has decided to elevate the economy to a new international level: as early as next month, 30% of state assets worth USD 2.4 billion will be listed on international stock markets. This has become possible due to the transfer of management of 13 strategic enterprises of the National Investment Fund to the reputable company Franklin Templeton. At the same time, the state is accelerating reform of the energy framework, allocating USD 50 million for concessional lending to support businesses in transitioning to renewable energy sources, and creating a digital logistics infrastructure capable of increasing exports through electronic platforms, raising the target to USD 700 million.

At the same time, expert analysis shows that external challenges are not only persisting but also intensifying significantly: the continued rise in global energy prices and the increasing complexity of global logistics are creating tangible pressure on domestic production costs and competitiveness.

Under current conditions, activities in the external sphere must be maximally synchronized with domestic reforms. This implies a focus on facilitating technology transfer, attracting smart capital into artificial intelligence, and diversifying transport corridors to strengthen Uzbekistan’s status as a central link in regional connectivity. The steady acceleration of exports and the systematic removal of barriers for high-value-added products today require deep coordination between the state and the private sector, as well as the mobilization of all available resources to achieve qualitative results, the expert believes.

To maintain current high growth rates and reach new milestones, it is necessary, as the President emphasized, to radically increase the flexibility of managerial decision-making and execution discipline at the local level. It is important to transform quantitative growth into the structural quality of the economy, to ensure development through a multiple increase in productivity and the creation of high added value in key sectors.

The balanced and proactive foreign policy of the country’s leader creates the necessary zone of stability at the regional level. However, it is precisely the internal mobilization of the public administration, an uncompromising focus on innovation, and the efficiency of management that are today the decisive conditions for enabling Uzbekistan to successfully transform global pressure into new “windows of opportunity” for long-term national prosperity.

Dunyo IA