First Deputy Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan commented to Dunyo IA on the outcomes of the Consultative Meeting of the Heads of State of Central Asia and Azerbaijan, held on October 8^th in the “Avaza” National Tourist Zone in Turkmenistan

Akramjon Nematov, First Deputy Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan (ISRS), commented to Dunyo IA on the outcomes of the Consultative Meeting of the Heads of State of Central Asia and Azerbaijan, held on October 8^th in the “Avaza” National Tourist Zone in Turkmenistan:

Eighth Consultative Meeting of the Heads of State of Central Asia and Azerbaijan, held in Avaza on October 8^th, marked a fundamental shift in regional cooperation. The region is entering a new phase: from diplomacy built on trust to economic connectivity, and from resolving longstanding issues to shaping a shared future. The political trust developed in recent years is becoming a driver of tangible development, providing a foundation for joint manufacturing ventures, infrastructure and energy projects, technological cooperation, and new value chains.

Azerbaijan’s full participation significantly broadens the geographical scope and opportunities for this cooperation, strengthening Central Asia’s links with the Caspian region and the South Caucasus.

Nature of regional cooperation is thus changing. Central Asia is increasingly emerging not only as a region of good-neighbourly relations and political dialogue, but also as a centre capable of shaping its own economic and technological agenda.

This shift is particularly significant amid profound changes in the international system. Geopolitical tensions are reshaping established patterns of trade, transport and energy flows, reconfiguring supply chains and increasing the value of reliable connections. The technological revolution is turning data, computing capacity and skills into strategic resources, while climate change is placing growing pressure on water resources, food systems, energy and infrastructure.

As President of Uzbekistan Shavkat Mirziyoyev noted, “The world is changing rapidly, tensions are rising, trade and transport links are being reshaped and new risks are emerging”. These conditions create a clear need for closer coordination among the countries of the region, particularly in areas where their interests and capabilities are already closely connected.

Significance of the “Avaza” meeting therefore lies less in the number of proposals put forward than in the shared direction of the regional agenda, which emerged even more clearly in the statements of all six leaders.

This points to an important qualitative change: the Central Asian countries now have an agenda of their own, set their own cooperation priorities and propose mechanisms to implement them. This is an increasingly clear expression of the region’s capacity to act in its own right.

Emerging model of cooperation remains open to the wider world, flexible in its arrangements and grounded in the region’s ability to determine its own priorities. President of Uzbekistan expressed its guiding philosophy clearly: “We need a flexible and transparent format in which strong, sovereign, and independent states cooperate on the basis of mutual respect, trust and pragmatism”.

Under this approach, stronger links within the region create greater opportunities for external engagement. Central Asia is increasingly positioning itself as a hub in its own right, connecting East Asia, the Caspian region, the South Caucasus, Europe, South Asia and other regions, rather than remaining on the margins of major geoeconomic developments.

Significantly, the leaders see the further development of the Consultative Meetings primarily in terms of effectiveness and the delivery of agreed commitments. President of Kazakhstan Kassym-Jomart Tokayev advocated preserving the format as a platform for direct dialogue and proposed taking stock of earlier regional initiatives. The President of Uzbekistan expressed a similar view: “The number of documents in itself does not solve much. What matters far more is that the decisions we have already taken are implemented and deliver the results they were intended to achieve”.

The next phase of cooperation will therefore involve strengthening implementation mechanisms, improving coordination among the relevant agencies and consistently following through on agreements, while preserving the flexibility and trust that define the format. The aim is to establish institutional arrangements that make cooperation more effective without making it more cumbersome.

Convergence of interests was particularly evident in the economic sphere. Kazakhstan proposed increasing intraregional trade and linking trade and logistics hubs with centres for industrial cooperation to create regional value chains. Kyrgyzstan focused on specific projects in agricultural processing, light industry, building materials and logistics. Tajikistan emphasised joint ventures, industrial complexes and manufacturing and export projects. Azerbaijan proposed making greater use of existing joint investment funds to establish new manufacturing operations and enter international markets. Turkmenistan also identified industrial, investment, transport and energy cooperation as key priorities.

Against this background, the formula proposed by the President of Uzbekistan, “six economies – one product”, builds naturally on this common direction. It seeks to complement mutual trade with deeper collaboration in manufacturing, bringing together the resources, technologies, capital, industrial capacity, skills and logistics of several countries to produce finished goods.

This reveals another fundamental shift. The region is gradually moving beyond a role centred primarily on transit and raw materials, and is demonstrating its readiness to become an important link in global manufacturing value chains. This strengthens the resilience of national economies, broadens market access for businesses and places economic connectivity on a firmer footing.

Uzbekistan’s proposals for a Central Asia–Azerbaijan Business Forum in Khiva and a Platform for Financial and Technical Support of Joint Investment Projects offer practical ways to advance this approach. They would provide the tools for project preparation, expert assessment, financial structuring and implementation support needed to turn political commitments to industrial cooperation into results. Uzbekistan’s initiatives thus build on priorities already identified by its partners and help translate them into investment and manufacturing projects.

A similar complementarity is evident in transport. Kyrgyzstan sees the China–Kyrgyzstan–Uzbekistan railway as central to future opportunities and proposes assessing transport projects by delivery costs and journey times. Kazakhstan is expanding the capacity of the Middle Corridor and the North–South route. Azerbaijan is steadily developing the Caspian link and the Trans-Caspian route. Tajikistan is focusing on multimodal transport, the removal of administrative barriers and the digitalization of procedures. Turkmenistan is developing connections along the East–West and North–South axes.

In this context, the President of Uzbekistan’s proposal to accelerate the establishment of the Council for Infrastructure Development advances the shared objective of connecting transport projects. Such a mechanism could help coordinate the development of roads, railways, ports, border infrastructure and logistics centres, integrating individual national routes into a more coherent regional network.

Transport connectivity is understood to extend well beyond the movement of goods. The development of corridors creates opportunities for new manufacturing facilities, industrial zones, logistics hubs and service facilities along their routes. Infrastructure thus becomes a driver of both territorial development and value creation.

This approach offers a new perspective on Central Asia’s place in Eurasia’s emerging connectivity network. The China–Kyrgyzstan–Uzbekistan railway, the infrastructure of Kazakhstan and Turkmenistan, Azerbaijan’s Caspian transport capacity and Tajikistan’s multimodal transport capabilities are gradually forming a broader network of interregional connections.

Central Asia is thus emerging as a potential key pillar of this connectivity network, linking different markets and routes while strengthening its own manufacturing and logistics capacity.

A similar trend is emerging in energy. Tajikistan proposed drawing up a list of priority energy projects, identifying mechanisms for their joint financing and developing a regional strategy for the green transition. Azerbaijan, Kazakhstan and Uzbekistan are already working to establish a green energy corridor across the Caspian Sea. Turkmenistan likewise considers energy one of the key areas for expanded cooperation.

Shavkat Mirziyoyev’s proposed Joint Concept for Low-Carbon Energy Potential takes this shared agenda forward through systematic planning. It would allow new generation capacity, energy storage and energy corridors to be planned around the complementary roles of hydrocarbons, hydropower, solar and wind generation. National energy strengths could thereby be combined more systematically into a resilient regional system.

Important areas of common interest are also emerging in the digital sector. Azerbaijan is developing Digital Silk Way and trans-Caspian fibre-optic infrastructure. Kazakhstan proposed cooperation on artificial intelligence and approaches to its responsible use. Tajikistan is establishing a Regional Artificial Intelligence Centre in Dushanbe. Kyrgyzstan is promoting a common e-commerce platform. Turkmenistan also views technological development and the adoption of AI as promising areas of cooperation.

President of Uzbekistan’s proposal for Common Computing Infrastructure, based on interconnected national data centres, would provide a technological foundation for these initiatives. It could link digital communications with computing capacity, research cooperation, skills development and practical applications. This would give AI cooperation the infrastructure needed for deployment in industry, transport, energy, agriculture and public administration.

Critical minerals, including rare earth elements, are closely linked to technological transformation. The President of Uzbekistan proposed stepping up efforts to establish a Regional Alliance on Critical Minerals and, as one of its first practical measures, developing a Unified Digital Map of Critical Mineral Reserves in Central Asia.

This initiative builds on efforts to deepen industrial and technological cooperation. A more comprehensive understanding of the region’s resource base could improve transparency for investors, support processing industries and lay the groundwork for products used in modern energy systems, electronics and other high-tech sectors. Critical minerals are thus viewed not only as raw materials, but also as a foundation for future regional value chains that generate greater added value.

The convergence of approaches was also evident in the water and climate agenda. Kazakhstan emphasises improving regional principles for water use. Kyrgyzstan pays particular attention to the preservation of glaciers and mountain ecosystems. Tajikistan highlights the implications of glacier conditions and low water availability for food security. Turkmenistan consistently highlights issues concerning the efficient use of the waters of the Amu Darya and Syr Darya, as well as the Aral Sea.

These priorities align with Uzbekistan’s longstanding commitment to stronger regional cooperation on water and climate. In Avaza, Uzbekistan focused on practical instruments: digital monitoring of water resources, modernisation of irrigation networks, the introduction of water-saving technologies, implementation of the Decade of Practical Action for the Rational Use of Water Resources in Central Asia, greater effectiveness of the International Fund for Saving the Aral Sea (IFAS) during our country’s forthcoming chairmanship, and sustained, substantive dialogue with Afghanistan.

Together, these measures would create a more comprehensive model in which common principles for water use are supported by objective data, glacier monitoring, technological solutions and durable mechanisms for cooperation.

The same progression is evident in environmental cooperation. The International Consortium “Clean Air of Central Asia”, proposed by Uzbekistan, gained a concrete project focus in Avaza. The President proposed launching its activities with a pilot program to improve the environmental performance of industrial zones, agricultural clusters and transport hubs. This would provide a practical mechanism for advancing the shared environmental agenda, allowing solutions to be tested and subsequently scaled up across the region.

Human capital is an essential part of this approach. President Shavkat Mirziyoyev proposed developing a Regional Atlas of In-Demand Professions and Skills, bringing together national forecasts of shortages in specific occupations and of future occupational needs.

This initiative directly supports the industrial, infrastructure and digital agendas. As joint projects expand, demand will grow for engineers, energy and logistics specialists, programmers, AI experts and other skilled professionals. The regional atlas could align education with the actual needs of the emerging economy and provide the skilled workforce required for future projects involving several countries.

Avaza thus demonstrated the gradual emergence of an interconnected regional agenda. Trade is becoming more closely linked with manufacturing; transport with territorial development; energy with new corridors and storage technologies; digitalization with artificial intelligence and computing infrastructure; resource potential with processing; and economic development with human capital. Uzbekistan’s proposals reinforce this approach by building on its partners’ initiatives and providing additional practical measures and institutional support in specific areas.

Broader political and economic conclusion is even more significant. The Central Asian countries are increasingly confident in setting their own development priorities, designing mechanisms to implement them and managing their engagement with external partners. This is one of the clearest expressions of the region’s growing agency.

The region’s geoeconomic role is also changing. The shared emphasis on industrial cooperation, investment, critical minerals, technology and human capital signals a readiness to develop the region as a centre of value creation integrated into the global economy. Transit connectivity is increasingly being complemented by manufacturing and technological cooperation.

Crucially, this process remains open to the wider world. Stronger ties within the region expand opportunities for cooperation with Europe, China, Russia, South Asia, the Middle East and other partners. This reinforces Central Asia’s role as a bridge between different geoeconomic regions and as an important component of the emerging framework for interregional connectivity. Azerbaijan’s full participation strengthens this potential, extending the geographical reach of transport, energy, investment and digital cooperation across the Caspian Sea and through the South Caucasus.

Taken together, decisions and initiatives put forward in Avaza reflect a strong willingness among the participating states to build a region of shared development, in which national strengths reinforce one another and support common growth.

The effectiveness of regional cooperation therefore takes on particular importance at this stage. It should be measured by the expansion of joint manufacturing ventures, lower transport costs, a growing number of well-prepared and adequately financed projects, stronger energy and digital links, more efficient water use and, ultimately, greater opportunities for people.

Principle articulated by our Head of State, “solidarity and trust – for the sake of development and security”, captures the logic of the current phase: the trust built over time is finding practical expression in shared development and greater collective resilience. This model continues to rest on another principle set out by the President of Uzbekistan: “strong, sovereign, and independent states cooperate on the basis of mutual respect, trust and pragmatism”. Combination of national independence, a shared regional agenda and openness to the wider world defines the framework for cooperation that took further practical shape in Avaza.

Dunyo IA

The President got acquainted with the construction of transportation infrastructure and engineering communications in New Tashkent.

As is known, the city under construction is designed for 1 million residents, which requires appropriate infrastructure with a view of long-term operation. In this regard, major underground engineering works are underway, laying the foundation for future grandiose constructions.

It is planned that infrastructure, daily life and ecology will harmoniously coexist in the new city. For instance, it is planned to create an environmentally friendly transportation system - metro and electric buses will be closely interconnected. For transportation 14 tunnels will be built, underground parking lots for 100 thousand cars will be equipped. In addition, all conditions will be created for barrier-free and safe movement of pedestrians and cyclists.

At one of the future intersections, foundation pouring for columns and waterproofing works are already underway. The President reviewed these processes. Recommendations were given on the use of high-quality and resistant materials.

Currently, the construction of one-section and two-section engineering collectors has begun, through which all centralized heating, water, electricity and telecommunications networks will pass underground.

The city will apply “smart” technologies in line with modern urbanization requirements. For the first time in the country, a “trigeneration” plant will be built here. Wastewater will be processed using modern technologies, and the resulting water will be used for irrigation and technical needs.

The President was also presented with the projects envisioned within the framework of the first stage of construction of New Tashkent. The winners of the auctions at which land plots were offered presented their investment initiatives.

Many local and foreign investors are interested in New Tashkent. Within the framework of the first phase, 11 mixed-use complexes, as well as hotels and restaurants have already been launched at a total cost of $490 million. Residential and commercial facilities as well as social institutions will make the neighborhood lively and attractive. Meanwhile, hotels and restaurants built in a unique architectural style will provide high-class service to guests and turn the city into a tourist center.

Next year, land plots for subsequent phases will be put up for bidding. Each phase will present new investment opportunities and projects. This will not only contribute to the further development of the city, but also create many new jobs and support local businesses.

In general, it is planned to create about 200 thousand high-income jobs in New Tashkent through the introduction of innovative technologies. Technoparks, IT-park, educational and medical clusters will be created for this purpose.

In the 21st century, "green" development has become not just a trend, but an unavoidable path for all of humanity. In the face of rapid climate change, intensifying water resource scarcity, and loss of biodiversity, sustainable development has become a priority for every nation. The President of the Republic of Uzbekistan, Sh.M. Mirziyoyev, speaking at international, regional, and national forums, consistently promotes the agenda of sustainable "green" development as the key to the prosperity of future generations.

The recently published book "The Path of 'Green' Development for New Uzbekistan" presents 310 quotes and 54 initiatives by Sh. Mirziyoyev, proposed during the period of 2017-2025, addressing climate change mitigation, rational use of water and natural resources, biodiversity conservation, and transition to a "green" economy.

Structurally, the book is divided into three chapters: "'Green' Development - the Path Chosen by Humanity," "Central Asia - The Course Towards 'Green' Development and the Future," and "New Uzbekistan on the Path of Sustainable Development."

Green development: the path humanity has chosen

 In the context of the global climate crisis, depletion of natural resources, and deterioration of environmental quality, an increasing number of countries are transitioning to a sustainable development model. Within this concept, a "green" economy is replacing raw material-industrial models centered on extraction, exploitation, and disregard for environmental risks.

The leader of Uzbekistan has repeatedly emphasized that for Central Asian countries, "green" development should become the foundation for a new stage of modernization: ..."only by efficiently utilizing limited land and water resources, addressing environmental issues, and embarking on the path of 'green' development, 'green' economy, and 'green' energy can we ensure sustainable development of the country and the well-being of its population. This is the only correct path." This quote reflects a fundamental shift in state policy: from narrow economic thinking to a strategic approach that focuses not only on profit and growth but also on environmental preservation, ecosystem sustainability, and public health. This is precisely why Sh. Mirziyoyev advocates the idea that the green course is not a fashionable trend, but a long-term necessity. Supporting the transition to green energy sources, reducing greenhouse gas emissions, strengthening environmental legislation, and educating the public are all part of a systemic green reform.

The President consistently emphasizes that responsibility for the future lies not only with developed countries but also with emerging economies. In this context, he declared at the UN General Assembly (2023): "At this pivotal historical moment, we all must reflect on what kind of planet we will leave for future generations." This appeal aims to mobilize the global community, but primarily reflects Uzbekistan's internal transformation - a course towards sustainability, resource conservation, and climate justice. In this regard, we present the following scientifically grounded proposals of the President.

Firstly, "climate change has become one of the main challenges for sustainable development in Central Asia," declared the President of Uzbekistan at the COP28 summit in Dubai. He emphasized that "the transition to a 'green' economy and achieving carbon neutrality are strategic objectives of New Uzbekistan."

Secondly, "Climate change has become one of the main challenges to sustainable development. This is especially acute in Central Asia and adjacent regions against the backdrop of the Aral Sea tragedy - one of the most devastating ecological crises of our time."

Thirdly, "the rise in air temperature in Central Asia is twice the global average, the number of extremely hot days has doubled, and a third of glacier masses have melted."

Fourthly, "soil degradation, regular dust and sand storms, drinking water shortages, air pollution, biodiversity loss, sharp decline in crop yields, and many other factors are negatively impacting the quality of life of millions of residents in the region."

Fifthly, the President also called for "swift agreement on the Global Framework for Climate Change Adaptation within the Paris Agreement." He also addressed the topic of global transition to a low-carbon economy. According to him, this process "must be fair, transparent, and inclusive" and "must necessarily take into account the interests of developing countries."

Sixthly, to transform the Aral Sea region into a Zone of Innovation, Technology, and New Opportunities, the head of Uzbekistan invited everyone to close cooperation "in creating an International Climate Technology Expo Hub in this region." Additionally, the President proposed to "establish scientific exchange and conduct joint research on the platform of the Climate Science Forum," which is being created on the basis of Green University in Tashkent, involving scientists and experts from foreign countries.

Central Asia: Charting a Course Towards "Green" Development and Future

 Global climate change is one of the most serious problems of our time, affecting all countries worldwide and becoming a significant obstacle to sustainable "green" development. The observed warming is causing extreme natural phenomena across the globe, such as droughts, hurricanes, scorching heat, fires, torrential rains, and floods.

Uzbekistan and other Central Asian states are among the countries most vulnerable to environmental disasters. Against the backdrop of a general increase in climate threats, Central Asia is developing its own regional response to the challenges of global warming and environmental degradation. The initiatives of the President of Uzbekistan on international platforms demonstrate that green transformation is not just a national priority, but also an interstate one.

Speaking at the 78th session of the UN General Assembly (2023), the President emphasized: "Today, the world is facing a severe ecological situation. The triple planetary crisis, caused by climate change, loss of biodiversity, and environmental pollution, is intensifying.

Under these challenging conditions, Central Asia, which continues to grapple with the tragedy of the Aral Sea, is becoming one of the regions most vulnerable to climate change."

This quote indicates the need for regional integration in the field of environmental safety. The President emphasizes the importance of joint actions in the management of natural resources, in particular transboundary waters. He initiated the development of a Regional Strategy to combat desertification and land degradation, emphasizing that sustainable agriculture and biodiversity conservation are only possible through coordinated efforts.

As part of this initiative, the following proposals were put forward:

First proposal: establishment of a Regional Center for Climate Technologies;

Second proposal: creation of a unified "green" energy space;

Third proposal: joint projects for reforestation and combating desertification, particularly in the dried-up seabed of the Aral Sea;

Fourth proposal: development of transboundary water diplomacy based on the principles of the Helsinki Convention.

In recent years, at Uzbekistan's initiative, the UN General Assembly has adopted more than ten special resolutions. Many of these directly address environmental issues in Central Asia and reflect Uzbekistan's active role in regional environmental diplomacy.

It is particularly noteworthy that all international initiatives and efforts of Uzbekistan's leader in this field are rooted in our national values, passed down from our ancestors over millennia. It should be emphasized that the environmental initiatives presented by the head of state at global forums receive widespread support from the international community and make a tangible contribution to ensuring sustainable "green" development at the global level.

For instance, one of Uzbekistan's landmark achievements was the adoption of a Special Resolution by the UN General Assembly in 2021, declaring the Aral Sea region a zone of environmental innovations and technologies. This marks the first time the UN General Assembly has granted such a high status to a region. This is because, due to the drying up of the Aral Sea, the Aral Sea region has become the epicenter of a global ecological disaster, a territory with an elevated risk to human health and ecosystem instability.

Water resource management issues in the region also remain within the focus of the President of Uzbekistan. "Effective water resource management with neighboring countries is key to sustainable development not only for Uzbekistan but for our entire region." This statement is particularly relevant for Central Asia, where water is becoming an increasingly scarce and politically sensitive resource. The leader of Uzbekistan advocates for the establishment of sustainable mechanisms for the distribution and joint management of water flows, which should reduce tensions and ensure harmonious development.

At the SCO summit in Bishkek (June 14, 2019), Shavkat Mirziyoyev proposed adopting the SCO "Green Belt" program to introduce resource-saving and environmentally friendly technologies in the organization's member countries. At the 14th ECO Summit (March 4, 2021), the Head of Uzbekistan put forward an initiative to develop and approve a medium-term strategy aimed at ensuring energy sustainability and broadly attracting investments and modern technologies to this sector.

At the Third Consultative Meeting of Central Asian Heads of State, held on August 6, 2021, in Turkmenistan, the President of Uzbekistan advocated for the development of a regional "Green Agenda" program for Central Asia. This program aims to facilitate the adaptation of countries in the region to climate change. The main focus areas of the program could include gradual decarbonization of the economy, rational use of water resources, integration of energy-efficient technologies into the economy, and increasing the share of renewable energy production.

Overall, against the backdrop of the increasing prominence of the international climate agenda, Uzbekistan's ongoing systemic environmental policy in the field of environmental protection aims to further improve the ecological situation in the Central Asian region.

Uzbekistan's New Path Towards Sustainable Development

 Today, Uzbekistan is actively integrating the principles of "green" transformation into its development strategies, laying the foundation for long-term sustainable growth. This is not merely a response to global challenges, but also an aspiration to enhance the quality of life for our citizens, generate new employment opportunities, and foster the country's sustainable "green" development. At present, "green" development in Uzbekistan has been elevated to the status of a nationwide movement. The primary objective of New Uzbekistan's transition to a "green" course is to safeguard human dignity, improve the population's well-being, and protect the fundamental rights of its citizens.

For Uzbekistan, the transition to "green" development is not an abstract concept or something far removed from reality. This notion has become an integral part of our country's constitutional course, encompassing all sectors of the economy and public life.

President Sh. Mirziyoyev emphasizes: "It is of great importance to accelerate the transition to an economy based on the careful management of water, energy, and other natural resources.

The task of developing 'green' and digital technologies, as well as production enterprises, is also crucial for us."

This is not merely a scientific and philosophical statement, but a guiding principle of state environmental policy. Under this slogan, various programs are being developed:

• increasing the share of renewable energy (target - at least 30% by 2030);
• reducing water losses in the agricultural sector through the use of digital systems and precision farming;
• improving energy efficiency of residential and industrial buildings;
• creating "smart" and "green" cities, including within the framework of the "Tashkent - Green Capital" project.

One example is the construction of solar and wind power plants in Navoi, Bukhara, and Samarkand regions. These projects are being implemented with the participation of major foreign investors (Masdar, ACWA Power) and are creating new jobs while reducing the burden on hydrocarbon resources.

Sh.Mirziyoyev also emphasizes the need to cultivate new ecological thinking in young people: "Understanding nature, environmental education and upbringing, forming environmental awareness and ecological culture among the population, especially among youth, which promote kindness, compassion, and mercy, are among the important tasks that must be accomplished to preserve the environment."

In this context, special attention is paid to environmental education, promoting sustainable practices, and supporting startups in the field of eco-technologies and green innovations. The creation of a national environmental performance rating for regions and institutions has become a tool for stimulating sustainable change.

Thus, Uzbekistan is becoming an example of a systematic approach to sustainable "green" development, combining environmental goals with economic growth and social justice. The principles of the "green" economy are increasingly being integrated into national planning, making Uzbekistan not only a participant but also an active driver of the international green agenda.

Conclusions: Prospects for the Future

 First conclusion. The approach being implemented in New Uzbekistan under the leadership of President Shavkat Mirziyoyev exemplifies the synergy of political will, scientific knowledge, national policy, and international cooperation. "Green" development is not a trend or a temporary solution. It is a strategic choice, a path chosen by humanity, and Uzbekistan demonstrates how this path can be realized in the face of global challenges.

Second conclusion. The initiatives and statements of Uzbekistan's leader demonstrate that green development for Uzbekistan is not a temporary agenda, but a strategic vector for a promising future. The framework of an environmentally responsible state is being systematically formed: with new laws, institutions, technologies, and public awareness.

Third conclusion. A distinctive feature of the Uzbek approach is its comprehensiveness: from global leadership in climate diplomacy to the practical transformation of energy, land use, and water management. Sh. Mirziyoyev not only articulates the principles of sustainable development but also ensures their institutional establishment, investment, and public support.

Fourth conclusion. Thus, the path to a "green" future, proposed and implemented by New Uzbekistan, can serve as a model for countries facing similar challenges and opportunities. This is a path where economic progress goes hand in hand with care for the planet, where political will translates into concrete actions, and sustainability becomes a new norm for human development.

Following the results of Q1 2026, the ranking of large banks underwent notable changes. While the leading group remained intact, positions within the segment were reshuffled. In the small-bank category, movements were also significant, pointing to continued realignment and stronger competition across the sector.

The Center for Economic Research and Reforms presented the updated Bank Ranking based on the results of the Banking Activity Index for Q1 2026.

The study covers 34 commercial banks of the republic, including 20 classified as large financial institutions by scale and branch network, while the remaining 14 were categorized as small banks.

The methodology is based on the analysis of 27 indicators benchmarked against national averages and international standards, including the requirements of the Basel Committee. The ranking serves as an important tool for enhancing transparency and strengthening confidence in the financial system. This approach is consistent with international practice and is widely used by leading financial institutions.

Financial Results for Q1 2026

During the reporting period, total assets of the banking sector amounted to 932.3 tn sums ($76.3 bn), while liabilities reached 793.9 tn sums ($64.9 bn). Lending increased by 14%, while deposits grew by 32%. The aggregate capital of the banking system was fully denominated in the national currency. Net profit reached 3.1 tn sums ($254 mn), which is 36.3% higher than a year earlier.

During the period under review, the share of non-performing loans declined to 3.3%, compared with 4.5% a year earlier, indicating improved portfolio quality. At the same time, in several banks the ratio remains above the sector average. Capital adequacy indicators exceed minimum regulatory requirements by more than 1.4 times, confirming the resilience of the banking sector.

Large Banks Activity Ranking for Q1 2026

The results of Q1 2026 show that despite the relative stability at the top of the ranking, both categories of banks recorded notable positional changes.

In the large-bank segment, performance was mixed. Out of 20 banks, 7 improved their positions, 8 declined, and 5 retained their previous places. This reflects a high level of competition and the ongoing redistribution of market positions.

The most notable progress was demonstrated by Tenge Bank, which moved up by 6 positions. Three more banks — Agrobank, Invest Finance Bank, and Xalq Bank — advanced by 2 positions each. Positive momentum was also recorded by Ipak Yuli Bank, Asia Alliance Bank, and Hamkorbank, all of which improved their standing in the overall ranking.

At the same time, several large banks recorded lower activity levels. The most significant decline was observed at Orient Finans Bank and Trast Bank, which fell by 5 and 3 positions respectively.

Changes Across Key Indicators

Financial Intermediation. The leading positions were taken by Invest Finance Bank, Anor Bank and Kapitalbank. In this ranking, Davr Bank and Hamkorbank fell by 4 positions, while Ipoteka Bank declined by 1 position.

Financial Accessibility. The leaders were Agrobank, Anor Bank and BRB. Under this indicator, declines were mainly observed among leading banks: Kapitalbank (-3 positions), Hamkorbank (-7), Asia Alliance Bank (-1), Ipak Yuli Bank (-5), and Trast Bank (-6). The strongest improvement in this ranking was recorded by Tenge Bank (+8), Xalq Bank, Davr Bank (+5), and Agrobank (+4).

Capital Adequacy. The top positions were occupied by Orient Finance Bank, Trast Bank and Halk Bank. At the same time, Agrobank dropped by 4 positions, while Aloqa Bank declined by 2 positions.

Asset Quality. The leaders were Hamkorbank, Asia Alliance Bank and Ipak Yuli Bank. Turonbank fell by 5 positions, while Asakabank, Mikrokreditbank, SQB, Trast Bank and Anor Bank each declined by 2 positions.

Management Efficiency. The highest positions were held by SQB, Orient Finance Bank and NBU. At the same time, Asaka Bank dropped by 5 positions, while BRB declined by 4 positions.

Profitability. The leaders were Hamkorbank, Trast Bank and Asia Alliance Bank. Turon Bank, after falling by 3 positions, ranked last. In this ranking, Kapitalbank, Asia Alliance Bank, Anor Bank and Davr Bank declined by 2 positions, while Ipoteka Bank and Mikrokreditbank fell by 1 position.

Liquidity. The leaders were Asia Alliance Bank, Ipak Yuli Bank and Trast Bank. At the same time, Mikrokreditbank, Ipoteka Bank, Anor Bank and SQB each declined by 1 position.

Small Banks Activity Ranking for Q1 2026

The small-bank group remained relatively stable, with leading institutions retaining their positions. The main changes in this category were concentrated in the middle segment, where several banks improved their standing due to stronger financial intermediation and higher profitability.

Within this group, 8 out of 14 financial institutions improved their rankings. The most notable gains were recorded by AVO Bank and Apex Bank, both rising by 3 positions. TBC became the leader of the ranking.

At the same time, 5 banks moved down, with the sharpest decline recorded by Octobank, which lost 6 positions. Saderat Bank, Garant Bank, and Ziraat Bank each rose by 2 positions. The ranking was rounded out by Open Bank and Uzum Bank, both up by 1 position.

Jafar Khidirov, CERR

CERR Banking and Financial Sector Research Sector
Tel: (78) 150 02 02 (441)

CERR Public Relations and Media Sector
Tel: (78) 150 02 02 (417)

On 30 April, the official visit of Czech Prime Minister Andrej Babiš to Uzbekistan came to a close. The visit took place at the invitation of President Shavkat Mirziyoyev. Talks were held at the Kuksaroy residence in both restricted and plenary formats. As a result, the two sides signed a Joint Declaration on the Promotion of Expanded Cooperation along with a package of bilateral agreements covering economic, industrial, and scientific-technological cooperation, as well as the training of diplomatic personnel, collaboration in the fields of geology and metrology, and the supply of electric trains.

It is worth noting that this was already the second visit by a Czech prime minister to Uzbekistan. In April 2023, Petr Fiala visited Tashkent, and in October of the same year Prime Minister Abdulla Aripov made a reciprocal visit to Prague, where he met with Czech President Petr Pavel and signed an Interstate Declaration on Enhanced Cooperation. In September 2025, on the sidelines of the 80th anniversary session of the United Nations General Assembly, Presidents Mirziyoyev and Pavel held a bilateral meeting and discussed specific projects in the areas of investment, innovation, transport, and agriculture. Such intensity of contacts at the highest level is a rare phenomenon in international diplomacy. It testifies to the fact that both sides regard their relationship not as a matter of protocol formality, but as a genuine political priority.

The agenda of the current Uzbek-Czech talks was exceptionally substantive, covering several key areas, each of which merits separate consideration.

First — the expansion of trade, economic, and industrial cooperation. Over recent years, bilateral trade turnover has doubled, which is in itself a significant achievement. Nonetheless, both sides acknowledge that the figures attained merely reflect the existing potential without coming close to exhausting it.

Against this backdrop, the parties set a target of raising the volume of mutual trade to one billion US dollars, including through an expansion of the range of goods supplied. Uzbekistan already hosts 37 joint ventures with Czech capital participation, providing a solid productive foundation for the further development of the partnership.

The principal mechanism governing this process and opening up new avenues for interaction is the The Joint Intergovernmental Commission on Economic, Industrial, and Scientific-Technological Cooperation. Over the years of its operation, the Commission has held ten sessions, the most recent of which took place in Prague in March 2025.

To further stimulate trade, the first Uzbek certification branch in the Czech Republic is being established, while work is simultaneously under way on the construction of a Euro 6 vehicle certification laboratory and a quantum measurement standard — infrastructure facilities without which Uzbek products would face significant barriers to full access to European markets.

In parallel, an agreement has been reached with leading Czech companies on the development of a Technology Cooperation Programme encompassing mechanical engineering, green energy, geology and critical raw materials, as well as chemicals and pharmaceuticals. Furthermore, the Czech Export Credit Insurance Corporation (EGAP) and the Czech Export Bank confirmed their intentions to provide financial support for joint projects. To coordinate the entire economic agenda, it was decided to establish a Business Council, and the next session of the Intergovernmental Commission is scheduled to take place in Tashkent in August of the current year.

The Uzbek-Czech business forum, held on the eve of the visit with the participation of the heads of government of both countries, served as a practical platform for giving the bilateral agenda concrete substance. More than 200 participants discussed prospects for deepening economic cooperation. Particular emphasis was placed on the fact that Uzbekistan's GDP exceeded 145 billion US dollars in 2025 — a figure that is fundamentally transforming international investors' perception of the country.

As a result, Czech companies are increasingly viewing Uzbekistan as a strategic springboard for access to Central Asian markets. The unique combination of dynamic growth, a young population, and a favourable geographical location makes the country one of the most attractive hubs on the Eurasian continent.

Following the forum, a package of cooperation agreements was signed covering mechanical engineering, infrastructure modernisation, and education, while mechanisms for engagement with the Czech Export Bank and EGAP were formalised, providing for preferential lending and risk insurance for high-technology projects.

Second — high-technology cooperation in the transport sector, the symbolic centrepiece of which was the signing of a contract for the supply and maintenance of the first ten Škoda Group electric trains. It should be stressed that the prospects of this project extend well beyond a simple equipment transaction. The plans include the establishment of a joint venture for local assembly and lifetime technical maintenance of rolling stock, as well as the creation of a Škoda Academy for the training of Uzbek specialists.

In this context, Škoda Group CEO Petr Novotný regards Uzbekistan as his company's "number one target" outside Europe, believing that the results achieved there will open the door to markets across Central Asia. For Uzbekistan in turn, this is not merely a technical upgrade, but an opportunity to integrate into European production chains and build domestic technological competences.

Third — cooperation in the fields of education, science, and cultural and humanitarian ties. In this domain, Uzbek-Czech partnership has its deepest roots and the most enduring future. The number of Uzbek students enrolled at Czech universities has grown from approximately 350 in 2020 to between 600 and 700 today, predominantly in technical, economic, agricultural, and IT disciplines. The Czech government's annual award of scholarships for citizens of Uzbekistan provides an additional incentive.

Of particular note is the fact that direct contacts have been established at the inter-university level. The National University of Uzbekistan cooperates with Charles University and the Czech University of Life Sciences Prague; the Tashkent Medical Academy maintains ties with the First Faculty of Medicine at Charles University; and a number of other leading institutions collaborate with Mendel University in Brno. The talks confirmed mutual interest in further expanding academic exchanges, including joint degree programmes, which will open fundamentally new career horizons for students of both countries.

Worthy of mention in this context is also the scientific and archaeological dimension of bilateral ties. Since 2003, Termez State University has been conducting a joint expedition with Charles University of Prague in the Surkhandarya region. Over the past two decades, nine previously unknown Bronze Age sites and fourteen Early Iron Age monuments have been discovered, and maps and inventories of heritage sites across several districts have been compiled. This cooperation has continued regardless of changes in government and shifting political circumstances.

An equally significant aspect is the ongoing exploration of the possibility of resuming direct air services between Tashkent and Prague — a matter that at first glance may appear to be purely logistical, but which in practice opens up new opportunities for tourist, business, and academic contacts alike.

Coming to the fore as well are the prospects for systematic cooperation in the field of labour migration, reflecting the profound qualitative shifts taking place in the labour markets of both Uzbekistan and the Czech Republic.

In sum, assessing the outcomes of the visit, one can state with confidence that Uzbek-Czech relations are entering a qualitatively new phase of development. The intensive high-level dialogue, underpinned by concrete economic initiatives, technological agreements, and institutional mechanisms, lays a solid foundation for a long-term strategic partnership.

The implementation of the agreements reached opens broad prospects for the modernisation of the Uzbek economy, the development of high-technology industries, and the strengthening of human capital. For the Czech Republic, meanwhile, Uzbekistan is becoming not merely a trading partner, but a reliable gateway to one of the most dynamically developing regions of Eurasia.

Bakhtiyor Mustafayev

Deputy Director, Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan

In recent years, relations between the Republic of Uzbekistan and the Kyrgyz Republic have become one of the key pillars of regional cooperation in Central Asia. These relations are founded on a shared border, historical proximity, regular political dialogue between the heads of state, and growing interdependence in trade, transport and logistics, energy, industry, agriculture, and the development of border regions. Consequently, the bilateral agenda is steadily evolving beyond the framework of traditional good-neighbourly relations toward a comprehensive and long-term economic partnership.

Regular high-level contacts continue to define the strategic direction of bilateral cooperation. The Joint Commission on Bilateral Cooperation remains the principal institutional mechanism for intergovernmental coordination. In May 2026, the Deputy Prime Ministers of Uzbekistan and Kyrgyzstan held a meeting on the sidelines of the KazanForum. In June, the relevant ministers discussed current issues related to trade, investment, and economic cooperation. On 22–23 June 2026, the 12th session of the Intergovernmental Commission was held in Cholpon-Ata.

An important component of this cooperation architecture is the development of direct interregional ties. The Council of Governors of Uzbekistan's border regions and the Plenipotentiary Representatives of the President of the Kyrgyz Republic, established in 2017, was transformed in 2025 into the Council of Heads of Regions of the two countries. As a continuation of this process, the first Uzbekistan–Kyrgyzstan Forum of Regions is planned to be held in Uzbekistan. This format has significant practical importance for promoting trade, logistics, border crossing infrastructure, local markets, and entrepreneurship in border areas.

Business-to-business cooperation is also becoming increasingly dynamic. In July 2024, Tashkent hosted a business forum attended by 350 entrepreneurs. The event resulted in the signing of 20 agreements worth a total of USD 213 million. Preparations for the next business forum in Bishkek confirm the regular nature of this dialogue and its focus not only on trade operations but also on projects aimed at strengthening industrial cooperation.

The growth in bilateral trade reflects the expanding economic interests of both countries. By the end of 2025, mutual trade had reached nearly USD 1.2 billion, representing an increase of 36.4 percent. The positive trend continued during January–May 2026, when bilateral trade amounted to USD 468.8 million, up by 43.9 percent compared to the same period of the previous year. Uzbekistan's exports increased by 60.8 percent, while imports from Kyrgyzstan grew by 12.1 percent. The commodity structure has also become increasingly diversified: Uzbekistan primarily exports textiles, food products, construction materials, and machinery, whereas imports from Kyrgyzstan include ores, electricity, metals, and plastic products.

To consolidate these positive trends, the two countries are implementing the Programme for Increasing Bilateral Trade for 2024–2030. The programme is aimed at moving beyond the expansion of individual commodity groups toward a more sustainable trade model through the diversification of product ranges, the development of new distribution channels, and the removal of trade barriers. Within this framework, the parties are addressing issues related to coal, construction materials, livestock, seedlings, and sheet glass.

The next stage of cooperation focuses on trade, logistics, and industrial instruments. The International Trade Centre "Termez" provides Kyrgyz products with an additional southern export route. Trade houses in Bishkek and Tashkent are expected to become permanent platforms for promoting bilateral trade, while assembly production facilities utilizing Uzbek-made components will add greater industrial value to bilateral economic relations.

The investment dimension is supported by the growing presence of businesses in each other's markets. Currently, 450 enterprises with Kyrgyz capital operate in Uzbekistan, while 85 enterprises with Uzbek capital are active in Kyrgyzstan. This demonstrates a gradual transition from conventional trade transactions to more sustainable forms of business cooperation.

Industrial cooperation is acquiring tangible substance. In the Chui Region, automobile production has been launched with the participation of the Uzbek side, including the assembly of the Onix, Captiva, Damas, Cobalt, Tahoe, and Tracker models.

The opportunities for cooperation, however, extend well beyond the automotive industry. In geology, both countries are interested in jointly exploring a number of mineral deposits, including iron ore and phosphorite reserves, as well as cooperating in the development of critical minerals. In the pharmaceutical sector, the parties are working on projects to manufacture affordable medicines.

The textile and light industry also retains considerable potential. Textile enterprises have already been established in Kara-Balta and Andijan, garment production is expanding in Bishkek and Osh Region, and textile manufacturing is being developed in the Chui Region.

Alongside industrial initiatives, energy cooperation remains of strategic importance. The Kambarata HPP-1 project occupies a central place on the bilateral agenda. It is essential to expedite the conclusion of the intergovernmental agreement on the project while ensuring a balanced approach to the water and energy interests of both countries.

Transport cooperation complements this agenda, as it directly affects the sustainability of economic ties. Creating predictable operating conditions for transport operators requires the establishment of a joint working group and the development of a Joint Transport and Logistics Programme for 2026–2028.

Financial support for a number of bilateral initiatives is provided by the Uzbekistan–Kyrgyzstan Development Fund. Its portfolio already includes projects in transport, finance, light industry, construction materials, and energy. Expanding the Fund's project portfolio and considering Kyrgyzstan's participation in its authorized capital could further strengthen the institution's long-term sustainability.

Border infrastructure also deserves particular attention, as it translates the broader bilateral agenda into practical cooperation at the regional level.

Overall, these developments demonstrate that Uzbekistan–Kyrgyzstan relations are entering a more mature stage of economic partnership. Growing trade, expanding industrial cooperation, energy coordination, transport connectivity, agricultural and industrial initiatives, together with enhanced financial mechanisms, are forming not merely a collection of individual agreements but an integrated system of long-term strategic partnership.

The Head of State identified priorities for updating the activities of the Ministry of Foreign Affairs and foreign diplomatic missions

On January 15, an expanded meeting was chaired by President Shavkat Mirziyoyev on the activities of the Ministry of Foreign Affairs and diplomatic missions abroad, reports Dunyo IA correspondent.

Opening the session, the Head of our state noted that the meeting is taking place amid sharp geopolitical changes in the world and increasing threats to the sovereignty of states. In this regard, the need to critically assess current foreign policy activities and move to a renewed format for organizing the work of the Ministry of Foreign Affairs and foreign diplomatic missions was emphasized.

President noted that 2025 had been a productive year for the country's foreign policy. During the year, high-level visits were made to 26 foreign countries, and for the first time in recent history, visits to Uzbekistan were organized by the leaders of a number of countries. Multilateral dialogues in the “Central Asia Plus” format became productive. In recent years, strategic partnerships have been established with 11 countries, bringing the total number to 19, and allied relations have been built with Kazakhstan, Azerbaijan, and Tajikistan.

– As a result of an open, pragmatic, thoughtful and proactive foreign policy, Uzbekistan is consistently strengthening its position as one of the global centres of peace and diplomacy, – emphasized President.

Since 2017, 16 new diplomatic missions and consulates have been opened abroad, bringing their total number to 60, and the number of countries with which diplomatic relations have been established to 165. There has also been an increase in the number of staff and salaries of employees of embassies, consular offices, representative offices to international organizations and employees of the Ministry of Foreign Affairs.

At the same time, a fundamental question was raised as to whether all diplomatic missions are making full use of the opportunities provided.

– In the current environment, an ambassador is not just a person who conducts political dialogue. An ambassador is a state representative who attracts investment and technologies, opens new export markets, launches transport and logistics corridors, increases tourist flows, creates conditions for legal labor migration and, most importantly, protects the rights of our citizens, - emphasized President.

In this regard, it was noted that key performance indicators for ambassadors should include the volume of export revenues from the countries of residence, growth in tourist flows and the effectiveness of organizing legal labor migration.

Particular emphasis was placed on the need to increase exports and investments by strengthening economic diplomacy.

As part of bilateral and multilateral events in 2025, agreements were signed on investment projects and trade contracts totaling $160 billion. For the first time in history, foreign trade turnover exceeded $80 billion, exports reached $33,5 billion, and foreign investment exceeded $43 billion. Exports to 75 countries increased by almost $4,5 billion.

In view of this, the ambassadors have been tasked with expanding export deliveries to the Middle East, Europe, Asia, and Africa, as well as implementing specific projects in the fields of industry, agriculture, the chemical industry, the textile industry, greenhouse farming, and the service sector. At the same time, it was noted that Uzbekistan's products remain insufficiently recognized in certain markets.

It was noted that the growth of logistics costs has a negative impact on the competitiveness of domestic products. In this regard, the need to diversify transit routes, optimize logistics chains, and develop additional proposals to reduce transportation costs when entering European markets was indicated.

In the agricultural sector, tasks have been set for researching and implementing water-saving technologies, modern agricultural technologies, and innovative greenhouse solutions. Along with this, measures have been outlined to expand export markets for chemical industry products, bring domestic manufacturers up to international standards and requirements, and organize specialized exhibitions and presentations.

The need to intensify trade and economic cooperation with the African continent as one of the promising new export destinations has been emphasized. To this end, a clear roadmap is to be developed with the participation of relevant ministries and foreign diplomatic missions.

It was noted that ambassadors should be directly interested in finding promising projects, attracting them, and implementing them in practice. In this regard, it was decided to introduce financial incentives for ambassadors who bring specific investment or export projects to a logical conclusion.

Criticism was levelled at the insufficient realisation of existing potential in a number of areas. In particular, it was noted that opportunities to attract international grants are not being fully exploited. It was noted that with closer and more systematic interaction between ministries, industry leaders, and ambassadors, it would have been possible to attract an additional $200-300 million in grant funds last year.

As noted, international organizations and donor countries announce grant programs worth approximately $200 billion annually. In this regard, the task has been set to implement a unified, systematic and effective approach to working with grants.

In addition, the need to take concrete measures, together with the ambassadors to the United States, the United Kingdom, Germany, Switzerland, China, Japan and Singapore, to attract leading foreign universities ranked in the top 100 worldwide as partners of Uzbek higher education institutions was emphasized.

It was noted that cooperation between regions and diplomatic missions in expanding foreign economic relations is still insufficient. The need for active participation of regional governors, together with ambassadors, in the systematic promotion of export-oriented products of the regions and in facilitating the entry of local enterprises into foreign markets was emphasized.

Providing Uzbek citizens with legal and high-paying jobs abroad was identified as another priority area. The expansion of the geography of organized labor migration was noted, while it was pointed out that in a number of countries, work in this area is not sufficiently effective and relevant instructions were given in this regard.

It was emphasized that embassies and consulates should actively protect the rights and legitimate interests of citizens and provide qualified legal assistance in each specific case. The task has been set to abandon "office diplomacy", strengthen work in the field and establish direct dialogue with compatriots.

In the field of tourism, the need to further strengthen the role of ambassadors, introduce new approaches to promoting the country's tourism and cultural potential, make effective use of visa-free regimes and attract international outsourcing companies has been identified.

Issues related to expanding foreign policy ties, high-quality and timely preparation of high-level visits, retraining of diplomatic personnel, and the formation of a reserve of promising specialists were also discussed.

The intensification of foreign information policy and the improvement of the country's international image through systematic work with foreign media and the implementation of special media projects were identified as priority tasks.

The need to update the Concept of foreign policy of the Republic of Uzbekistan, review its priority areas, and define clear tasks for protecting national interests and strengthening the country's position in the international arena was emphasized.

As the President noted, the new concept should comprehensively reflect long-term strategic goals, the logic of internal reforms as well as national interests in the areas of economic diplomacy, security, investment, exports, transport and logistics, water and climate issues.

In order to give proper recognition to the achievements of diplomats, it was proposed to establish the honorary title of “Honored Diplomat of the Republic of Uzbekistan".

At the end of the meeting, President Shavkat Mirziyoyev emphasized: “The time has come for a new generation of diplomats – those who achieve concrete results and firmly defend the interests of Uzbekistan in the international arena”.

In the course of the session, reports and proposals of our ambassadors abroad were heard.

Dunyo IA

Despite its limited access to the world's major ports, Uzbekistan can fully develop its transportation and logistics industry through the formation of land transport corridors, developing them throughout the Eurasian region. Being located in the center of the crossroads of trade routes during the Great Silk Road, Uzbekistan has a unique opportunity to become an important provider of logistics of cargo flows between China and Southern Europe, on the one hand, and the Indian Peninsula and CIS, Northern Europe, on the other hand.
Landlocked countries account for less than 1% of world exports. Moreover, the share of Central Asian countries in the global export of transport services is very small and is represented in the following proportions: Uzbekistan, which has access to the sea only through two countries – 0.1%, Kazakhstan – 0.3%, Tajikistan – 0.007%, Kyrgyzstan – 0.03%.
However, the transport complex of Uzbekistan maintains a dominant position in foreign trade in services and is one of the main sources of foreign currency inflow into the country. Transport services in the republic form 43% of the total volume of the country's service exports and 65% of the balance of foreign trade in services. Uzbekistan's transport service exports in 2022 amounted to $2.2 billion, and the positive balance of foreign trade in transport services amounted to $1.7 billion.


Figure 1. Uzbekistan’s share in global exports of transport services in 2022, %


Calculated according to UNCTAD and Statistics Agency of the Republic of Uzbekistan
One of the main problems of Uzbekistan's international freight transport is the underutilization of its export and transit potential, which reduces revenues from the export of transport and logistics services. For example, when comparing actual exports in tons, Uzbekistan is behind Russia by 20 times, Turkey by 10 times, and Kazakhstan by 9 times.
In 2023, the volume of interstate cargo transportation in the Republic of Uzbekistan amounted to 62 million tons, which is 16% higher than in 2022. The largest share in the volume of export-import cargo transportation of the republic falls on Kazakhstan (30%), to a lesser extent on Russia (26%), China (10%), and Afghanistan (4%). Rail transport accounts for the largest share (76%) of Uzbekistan's international cargo transportation (export, import, and transit). The export of transport services includes the transit of goods through the territory of Uzbekistan with a total share in the export of railway services of up to 45%.
The unrealized transit crossroads of Eurasia
One of the main global logistics trends is trade between China and the EU. According to the ERAI review, in 2023, the trade turnover between them amounted to 738 million euros, and according to EUROSTAT exceeded 104 million tons. In the current realities, rail transportation between Europe and China is carried out along the Eurasian route through the territories of Kazakhstan, Russia, Belarus; Mongolia and Russia (Naushki border crossing), as well as along the Trans-Caspian International Transport Route – TITR (Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, the Black Sea).
Part of the cargo flows that previously passed through the northern corridor has been redirected to TITR. However, the Eurasian route continues to occupy a leading position. In 2023, a total of 674 thousand TEU passed along this route, which is 1.1% less than in 2022 (681 thousand TEU), but at the same time, in the first half of 2024, the volume of container traffic by China-Europe trains along TITR increased by 12.8% with a volume of 196.6 thousand TEU.
As can be seen, Uzbekistan does not fit into the list of major transit countries between China and the EU in the "Eurasian" and "Trans-Caspian" directions and claims only a part of the target markets mainly in direction along the Southern Corridor through Turkmenistan, Iran, and Turkey.
So, a limited number of international transport corridors pass through the territory of Uzbekistan. The main countries forming the transit of Uzbekistan are neighboring Afghanistan, Kazakhstan, Tajikistan, and Kyrgyzstan, as well as Russia, which is considered an important trading partner for the Central Asian countries. The transport isolation of the region, undiversified transport routes, and limited export deliveries mainly in the northern direction lead to a loss of profit due to the sale of domestic goods mainly to neighboring countries at a fairly low cost.
Transit Priorities
To sell domestic products at competitive world prices, Uzbekistan needs to develop additional export trade routes to other countries, such as China, the Asia-Pacific region, the Middle East, India, Pakistan, and others. This requires competitive and efficient transport and transit corridors that allow for increasing the volume of transit cargo through the Republic of Uzbekistan.
Therefore, the priority directions identified by 2030 for the development of international transport corridors and bringing the volume of transit traffic through the territory of the republic to 16 million tons include the task of increasing revenues from the export of transport services. The key task in this case is to increase the volume of multimodal cargo transportation in the directions of China – Kyrgyzstan – Uzbekistan (Kashgar–Irkeshtam–Osh–Andijan–Tashkent) and Uzbekistan – Afghanistan – Pakistan (Termez – Hairatan – Logar – Karachi).
China - Kyrgyzstan - Uzbekistan. The volume of cargo transportation of the PRC with such countries as Turkey, Iran, Turkmenistan, Afghanistan, and Pakistan in 2023 amounted to almost 50 million tons, with the main volume of cargo transportation carried out by sea transport. Studies have shown that it is possible to attract part of the cargo to the "China–Kyrgyzstan–Uzbekistan" route, in the amount of about 10 million tons, and with the stable organization of cargo transportation along the route, the volume of cargo transportation by 2040 may increase by 4 times.
Uzbekistan – Afghanistan – Pakistan. The geographical proximity to Afghanistan, and further south to Pakistan and India, gives Uzbekistan the opportunity to unlock its existing potential and provide cargo transportation services in export, import, and transit traffic in the direction of South Asian countries (Afghanistan, Pakistan, and India), without competing for existing transport and trade corridors. Therefore, Uzbekistan is extremely interested in trade and transport cooperation with Afghanistan and in the implementation of the Trans-Afghan Railway project "Uzbekistan–Afghanistan–Pakistan." This road will allow establishing a direct rail link between Uzbekistan and Pakistan through the territory of Afghanistan with further access to the ports of the Indian Ocean.
The importance and effectiveness of the "Uzbekistan–Afghanistan–Pakistan" (UAP) project can be significantly increased if it is implemented in parallel with the project of building the "Uzbekistan – Kyrgyzstan – China" (CKU) railway line, which is the shortest way to connect China with Pakistan and India and will allow a multiple increase in the volume of traffic from/to China to the countries of Central and South Asia.
In this regard, within the framework of two strategic projects UAP and CKU, the ongoing activities on formation of new uninterrupted perspective multimodal transport corridors in the region are relevant. In November 2023 in Tashkent within the framework of the ECO Ministerial Meeting the Protocol of the multilateral meeting on establishment of the international multimodal route between Asia-Europe through “Uzbekistan-Turkmenistan-Iran-Türkiye”, was signed.

In November 2023, a Memorandum on mutual Understanding on the creation and development of international transport corridor “Belarus-Russia-Kazakhstan-Uzbekistan-Afghanistan-Pakistan” with access to the ports of the Indian Ocean was signed in Tashkent. In April of this year, Termez hosted meetings of transportation agencies and railway administrations of the countries-participants of this corridor, which resulted in the adoption of the Road Map, including the main activities for further development of the corridor.
It should be noted that the abovementioned documents are open for other interested countries to join the transport corridors.
Multifaceted Transport Policy
It should be noted that the policy of forming international transport corridors in Uzbekistan is somewhat different from the policies of several other countries and is aimed at attracting as many countries as possible to the active development of a branched network of transport corridors that ensure efficient foreign trade cargo transportation. As emphasized by the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, at the SCO Summit in Astana on July 4 of this year, "the multivariance of transport corridors is the most important condition for the sustainable development of our entire region."
However, the effective functioning of various corridor options is hindered by the lack of unified Cargo Transportation Rules, a unified Transport Document Standard that would be used on all types of transport, as well as the absence of digital platforms for providing customers with freight transportation services remotely from anywhere in the world. All this slows down the transport integration of Asian countries in the context of developing routes between Central and South Asia, and China, on the one hand, and the integration of Asian countries with European communications on the other.
To solve the problems of different legal and technical standards in freight transportation between European and Asian countries, which hinder the full-fledged transportation of goods without delays, it makes sense to develop new services for logistics and cargo transportation market participants, while applying modern technologies.
These include the production of universal wagons with variable gauge axle systems at the country's industrial facilities, with their further use both in Uzbekistan and southern countries, China and others, as well as the development of a digital platform for online registration of cargo transportation and transportation documents, which will lead to additional revenues from the export of transport services.
In this regard, the initiative of the President of Uzbekistan Shavkat Mirziyoyev, announced in June at the OTS Summit on the formation of a Council of Railway Administrations within the framework of the organization and the placement of its directorate in Tashkent, is relevant. The Council could act as a regulator for the integration of the railways of China, the Asia-Pacific region, South and Southeast Asia with the countries of Central Asia, the Caucasus, and the EU.
To assess the prospects for the coordinated development of transport corridors, a forecast of foreign trade volume was made based on an analysis of panel data using a combined model of two directions of international cargo transportation: China-EU and China-CA. The results of this forecast showed that by 2050, the volume of trade between China and the EU will increase by 4.5 times compared to 2023, and between China and CA - by 5 times. At the same time, the total volume of trade between South Asian countries (India and Pakistan) with trading partners (EU, Russia, China, Belarus, Kazakhstan, Uzbekistan, and Turkmenistan) will increase by 3.8 times compared to 2023.

In the near future, a clearly defined strategy for integrating Central Asian countries into the international transport network can help solve the region's problems and lead to an increase in the export of transport and logistics services and attract cargo flow, and later passenger flow, to the territory of the Asia-Pacific region, South and Central Asia. As the President of Uzbekistan Shavkat Mirziyoyev said: "We are open to cooperation and ready to become a reliable partner in creating new transport corridors and integration projects."

Dildora Ibragimova,
Center for the Study of Transport and Logistics Development Problems under the Ministry of Transport of the Republic of Uzbekistan

TASHKENT — Uzbekistan has unveiled its updated Uzbekistan–2030 Strategy, marking a major step in the country’s journey toward national reform and development. Officials emphasise that implementing reform requires responsibility, consistency, institutional discipline, and public legitimacy. The government has revised the strategy following extensive public consultations, ensuring that citizens’ voices are reflected in the results-based policy framework. Aligned with international standards and designed to advance the United Nations Sustainable Development Goals, the strategy positions Uzbekistan as an active participant in the global development agenda.

A defining feature of the strategy is its emphasis on measurable implementation. Authorities have established 100 goals to be assessed annually through 2030, each with designated institutions, mechanisms, and financing sources. This approach creates a governance model centred on accountability and transparency. International organisations and development partners will also be able to monitor progress, access reports, and contribute expertise — a move officials say will further enhance transparency and attract external support.

The first major priority of the strategy is to create opportunities for every person to realise their potential, with 44 goals linked to human development. These include targets for expanding access to education, healthcare, employment, and social protection. In education, the government aims to boost pre-school coverage to 80 per cent, achieve universal participation in school-preparation groups, and modernise schools with electronic boards and new-generation textbooks. Teachers’ salaries are set to double, and 500,000 education staff will receive ongoing professional development. Higher and vocational education goals include expanding access, improving graduate employability, and increasing the number of internationally accredited university programs to 200.

Officials have tied human capital development to advances in science and innovation. The strategy calls for raising spending on science to 1 per cent of GDP, increasing the number of research and innovation projects, and propelling Uzbekistan into the top 60 of the Global Innovation Index.

Healthcare reforms aim to increase average life expectancy to 78 years, with health expenditure projected to rise to 5 per cent of GDP. Priorities include reducing premature deaths from major diseases, improving maternal and child health, and expanding digital healthcare services. Broader social goals include increasing women’s representation in leadership and civil service, eliminating extreme poverty, reducing unemployment to 4 per cent, and training 2 million citizens in new skills and foreign languages.

Youth policy is another central pillar, with goals to offer free foreign language instruction to 7 million young people, train 3 million in modern professions using AI tools, and employ 300,000 in the IT sector. The strategy also seeks to boost participation in sports, culture, and the arts nationwide.

The second major priority is sustainable economic growth. The government has set targets to increase GDP from $145 billion to over $240 billion by 2030, and GDP per capita from $3,800 to $5,800. Other economic targets include keeping inflation at 5 per cent, public debt below 50 per cent of GDP, and the budget deficit under 3 per cent.

Plans for industry focus on diversification and value addition, with aims to boost high-tech output, raise car production to 1 million units (including 200,000 electric vehicles), create 1.8 million industrial jobs, and increase industrial value added to $60 billion. The government expects over 400 strategic projects worth $150 billion in foreign investment. Financial reforms will include bank privatisation, expanded credit, and the development of Islamic finance.

The strategy also emphasises the green economy. Officials want renewable energy to account for 54 per cent of total generation and to reduce greenhouse gas emissions by 35 per cent. Transport and logistics improvements will include expanding transit freight, repairing or building roads, and modernising airports. In agriculture, the focus is on boosting productivity and exports, with a target of $10 billion in agricultural exports.

Environmental protection and water saving are also key goals. Uzbekistan plans to improve water-use efficiency by 25 per cent, fully meter drinking water, and expand water-saving technology in agriculture. Other environmental targets include increasing urban greenery, expanding forested land, and creating new green spaces in the Aral Sea region and deserts. The government also aims to improve biodiversity, waste management, air quality, and climate resilience.

Strengthening the rule of law and public service is another core priority. The strategy aims to improve local governance, expand electronic public services, and reduce emergency response times. Legislative reforms will focus on increasing the number of directly applicable laws and reducing the regulatory burden. At the same time, additional measures will promote meritocracy, judicial reform, human rights, anti-corruption, and public oversight.

The strategy also calls for advancing a safe and peace-loving state by promoting an active foreign policy, regional cooperation, support for Uzbeks abroad, and better-managed labour migration. Targets include increasing the number of visa-free destinations for Uzbek citizens, boosting trade turnover with neighbours, expanding diplomatic representation abroad, and advancing WTO accession. Other goals include defence modernisation, disaster preparedness, and strengthening public trust and interethnic harmony.

A formal monitoring system will track implementation through a digital platform, using colour-coded performance categories to flag progress or delays. The Development Strategy Centre will play a key role in monitoring strategic indicators and recommending improvements.

The Uzbekistan–2030 Strategy stands out for combining ambition with a structured, results-oriented approach. Rather than isolated initiatives, the government is pursuing a coordinated, accountable, and long-term transformation agenda. The strategy is expected to guide Uzbekistan’s development and reform efforts well into the next decade.

By Eldor Tulyakov,

Executive Director, Development Strategy Centre

An analysis of nighttime satellite illumination data indicates a strengthening of economic activity across regions and an expansion in the number of territories exhibiting urban-type development.

The Center for Economic Research and Reforms (CERR) applied satellite-based nighttime lights (NTL) data to assess economic activity at the level of regions and cities in Uzbekistan.

The analysis shows that higher light intensity corresponds to higher levels of economic activity and more advanced urban infrastructure.

CERR’s findings demonstrate a high degree of consistency between satellite-based indicators and official statistics. In particular, according to estimates based on NASA nighttime lights data, nominal GDP per capita in Uzbekistan grew by 80.3% in 2020–2025, corresponding to an average annual growth rate of 15.8%, increasing from $2,090 to $3,887 over five years.

For comparison, according to official statistics, GDP per capita increased by 81.8% over the same period, with an average annual growth rate of 16.1%, rising from $2,048 to $3,881.

Economic Activity in Large and Medium-Sized Cities

According to the data, over the past five years the highest growth in gross regional product (GRP) per capita among regions was recorded in the city of Tashkent, where the indicator increased by approximately $5,000, reaching $9.3 thousand by the end of 2025 (according to official statistics — $9.2 thousand).

Estimates for 2025 also show high GRP per capita levels in a number of large and medium-sized cities. In Navoi, the NTL-based estimate reached $9.3 thousand, in Zarafshan $7.9 thousand, in Samarkand $7.2 thousand, in Kokand and Andijan $6.7 thousand each, and in Akhangaran, Yangiyul, and Bukhara ranged from $5.8 thousand to $5.2 thousand, respectively.

Relatively high growth rates of GRP per capita were also observed across several regions. In Tashkent region, the indicator increased by $1.8 thousand to reach around $4 thousand. In Navoi region, GRP per capita also grew by $1.8 thousand to approximately $4 thousand. In Fergana and Syrdarya regions, the increase amounted to $1.6 thousand, reaching about $3.5 thousand and $3.4 thousand, respectively.

Economic Activity in Small and Medium-Sized Cities

Relatively high GRP per capita levels were also recorded in a number of small and medium-sized cities. In Termez, the indicator reached $5.1 thousand, in Margilan and Chirchik around $5 thousand, and in Namangan $4.8 thousand. Economic activity levels also remain relatively high in the cities of Kagan and Urgench.

Economic Activity at the District Level

At the district level, the highest GRP per capita growth dynamics in 2020–2025 were observed in Mirabad district, where the indicator increased by $7.1 thousand, in Yakkasaray district by $6.3 thousand, and in Chilanzar district by $5.6 thousand. As a result, GRP per capita in these districts exceeded $10 thousand, which is nearly three times higher than the average across other districts and cities in the country.

Among districts, the highest growth rates of economic activity were also recorded in Karmana district (2.5-fold increase), Yashnabad and Bektemir districts (2.4-fold), as well as Sergeli, Yangi Hayot, and Mirzo Ulugbek districts (2.3-fold).

Expansion of Territories with High Economic Activity

The use of nighttime lights data also made it possible to assess urbanization processes at the district level. In particular, between 2020 and 2025, the number of territories with high nighttime light intensity (NTL above 10), characteristic of urban agglomerations, increased from 22 to 31. The average GRP per capita in these territories rose from $3.8 thousand to $7 thousand.

At the same time, over five years the number of districts with low nighttime light intensity (NTL below 1) declined from 129 to 85, confirming the transition of 44 districts toward an urban-type development model.

In these districts, NTL levels increased on average by more than 2.5 times, while GRP per capita rose from $1.7 thousand to $3.2 thousand.

Conclusion

The results confirm that satellite-based nighttime lights data can effectively complement official statistics and be used for timely assessment of regional economic activity.

This approach enables the identification of new growth points and allows for more targeted allocation of state support toward infrastructure development and investment activity in the regions.

Abdulaziz Gaybullayev, CERR

CERR Public Relations Sector

Tel.: (+998) 78 150-32-20 (417)

Human history demonstrates that every great advancement is built upon intellectual and spiritual foundations. Today, a project emerging from the heart of Central Asia is drawing global attention for its scale and significance - Center of Islamic Civilization is not merely an architectural landmark, but an intellectual bridge connecting the past, present and future of the region.

The anticipated opening of the complex in March 2026 has already attracted the attention of leading international publications and organizations, recognizing it as one of the most significant cultural projects of the New Uzbekistan.

The foundation for the project was laid in 2017, when President Shavkat Mirziyoyev introduced the initiative at the 72nd session of the United Nations General Assembly. At that time, Leader of Uzbekistan emphasized the need to show the international community the true humanistic essence of Islam - enlightenment, peace and creation. This was not only a political statement but also a program for returning to the roots of a land that for centuries served as a cradle of science and culture.

The emergence of this monumental project coincides with a global need for spiritual transformation. In an era where Islamophobia and radicalism are spreading across different parts of the world, Uzbekistan has proposed a model to confront these challenges through science and education.

Today, this vision has materialized in a majestic complex covering ten hectares in the historic center of Tashkent. Its 65-meter azure dome and four golden gates symbolically represent the unity of all regions of Uzbekistan. Across every line of the building, architectural traditions of the Timurid era are harmoniously integrated with modern technological solutions.

Center embodies a balance of religion and science. Its main pillar, reflecting the rich architectural traditions of Ulugh Beg Madrasah, is adorned with a calligraphic inscription of the first revealed verse of the Qur’an, “Iqra” (“Read in the name of your Lord”), symbolizing the pursuit of knowledge as the highest spiritual duty of every individual.

The centerpiece of the exhibition is the 7th-century Uthman Qur’an, a unique sacred relic inscribed by UNESCO in the “Memory of the World” Register.

The architectural concept of the complex impresses not only with its grandeur but also with its full compliance with contemporary urban planning and environmental sustainability standards. Every element of the project - from the foundation to the dome - has been constructed with respect for historical heritage and designed for longevity. The landscaped grounds surrounding the complex transform it into more than a scientific center, creating a spacious cultural and educational zone accessible to both city residents and international visitors.

The exhibition concept of the Center fundamentally departs from that of traditional museums. Built upon the principle endorsed by Shavkat Mirziyoyev, “Civilization – Personalities – Discoveries”, it does more than present historical facts; it immerses visitors in a living intellectual innovation. The exhibition is organized chronologically: the pre-Islamic period, the First and Second Renaissance and New Uzbekistan - forming the foundation of the Third Renaissance.

A special feature is the “Wall of Civilizations”, which showcases humanity’s intellectual progress as a continuous process. It illustrates how the discoveries of great figures from each era - including Al-Khwarizmi, Al-Farghani, Ibn Sina, Al-Biruni, and Mirzo Ulughbek - are directly linked to modern high technologies.

The extensive use of VR and AR technologies, holograms, and artificial intelligence enables the Center to “bring to life” unique 9th-century manuscripts, digitally reconstruct the original appearance of ancient observatories and transport past discoveries into the digital realm.

This large-scale integration of digital technologies positions the Center as a museum of the future. Through smart systems, visitors not only receive visual information but can virtually interact with great scientists and participate in their laboratory experiments. The “1001 Inventions” Laboratory, designed for children, sparks early interest in engineering and natural sciences. Center thus evolves beyond a repository of knowledge, becoming an interactive educational platform that nurtures the nation’s intellectual potential.

Shavkat Mirziyoyev, President of Uzbekistan, has repeatedly emphasized that the true strength of a nation lies in its memory and cultural roots. He instructed that museum exhibitions be enriched with authentic examples of national heritage and that the rarest artifacts preserving the spirit and history of the Uzbek people be returned to the homeland.

In fulfillment of this noble vision, a delegation led by Firdavs Abdukhalikov, Director of the Center of Islamic Civilization and a special commission of scholars, Orientalists and art historians, conducted large-scale research. One of the Center’s most important tasks is the repatriation of national cultural heritage scattered abroad; in recent years, systematic cooperation has been established with prestigious auction houses and private collectors for this purpose.

Thanks to these efforts, more than a thousand unique manuscripts and artifacts have been returned to Uzbekistan. The World Society for the Study, Preservation and Promotion of the Cultural Heritage of Uzbekistan (WOSCU) has also transferred numerous unique artworks from Transoxiana and Khorasan to the Center's collection.

Scientific expeditions and diplomatic missions organized by the Government of Uzbekistan have facilitated the creation of facsimile copies of manuscripts preserved in major museums and libraries worldwide. This process underscores that the rich cultural heritage of the Uzbek people is not only the legacy of Central Asia but also an integral part of the Islamic world and human civilization. Each repatriated treasure symbolizes the determination of the New Uzbekistan to restore its cultural identity.

The Center of Islamic Civilization is conceived not merely as a museum, but as an active scientific and educational platform. It provides comprehensive facilities for researchers, including a library housing over 200,000 volumes, restoration laboratories, a calligraphy school, and digital archives. Center also hosts offices of prestigious international organizations - including ICESCO, IRCICA and OCIS (Oxford Centre for Islamic Studies) - highlighting its role as a major hub for scientific and educational engagement.

More than 1,500 specialists from over 40 countries contributed to the project. International experts, including Khaled El-Enany, have described the Center as a “unique civilizational complex, integrating a next-generation museum, advanced research infrastructure, a modern library, national and international archives on the history of Central Asian civilizations, digital humanities technologies and an extensive network for global scientific and cultural collaboration”.

President of Finland, Alexander Stubb, referred to the Center as an intellectual hub of the modern world, likening it to historical institutions such as the Bayt al-Hikma, Academy of Ma’mun and Ulugh Beg Madrasah, which once shaped the development of science.

At the Congress “Central Asia: Shared Spiritual and Educational Heritage – Shared Future”, Center was visited by five presidents, becoming a symbol of collective regional pride. The event also brought together more than 300 scholars and cultural figures from Central Asian countries and Azerbaijan.

In February 2026, new reports from Paris further bolstered the project’s global prestige. The International Committee of the “Prix Versailles” included Center of Islamic Civilization in Tashkent in the list of the “World's most beautiful museums of 2026”.

This recognition is further reinforced by the inclusion of the Center of Islamic Civilization in authoritative international publications and rankings, such as “Smithsonian Magazine”, “BBC Travel”, “BBC History” and “National Geographic”. This places it alongside the world’s major museum initiatives, including the “Lucas Museum of Narrative Art” (Los Angeles), “National Geographic Museum of Exploration” (Washington, D.C.) and “London Museum” (London).

Such acclaim significantly enhances the Center’s scientific and tourism potential, transforming it into a must-visit global landmark. These achievements vividly demonstrate the creative potential of New Uzbekistan and its innovative approach that meets international standards.

It is no coincidence that the Center’s opening coincides with the Holy month of Ramadan. It was in 2018, during this blessed month, that the first stone of this grand project was laid. Now, eight years later, Center of Islamic Civilization will open its doors, becoming a vital symbol of the revival and preservation of Islamic cultural heritage for future generations.

The text of the article is in Uzbek!