Stolen cultural property dating back to the 2nd and 3^rd centuries AD has been returned to Uzbekistan following a large-scale investigation involving law enforcement agencies and scholars from across Europe.

A number of artefacts, illegally smuggled from the Central Asian republic that was once the heart of the Bactrian and Kushan empires, were presented by the Metropolitan Police's Art and Antiquities Unit at the Embassy of Uzbekistan. They will subsequently be transported back to their homeland, where they will take a prominent place in the exhibition of the recently opened Center of Islamic Civilization in Tashkent.

The event serves as vivid evidence of Uzbekistan's consistent policy regarding the repatriation of national cultural heritage and highlights the growing global trend toward the protection of cultural values.

“This event is a compelling confirmation of the broad international support for the consistent course of the President of Uzbekistan Shavkat Mirziyoyev, aimed at returning cultural treasures to their homeland, - noted Firdavs Abdukhalikov, Director of the Center of Islamic Civilization in Tashkent and Chairman of the Board of the World Society for the Study, Preservation and Popularization of the Cultural Legacy of Uzbekistan (WOSCU). - We are deeply grateful to our partners and law enforcement representatives from European countries for their support and look forward to further cooperation in preserving and restoring our cultural heritage”.

Detective Sophie Hayes of the Metropolitan Police, addressing a gathering of prominent scholars and officials, emphasized that the recovered artefacts are the heritage not only of Uzbekistan but of all humanity. According to her, the investigation was conducted with the assistance of both national and international specialists, as well as the Organization for Security and Co-operation in Europe (OSCE), with the support of the World Society for the Study, Preservation and Popularization of the Cultural Legacy of Uzbekistan (WOSCU).

The items presented at the exhibition are among the findings discovered in November 2025 during an investigation codenamed Operation Inherent Vice by the police.

A total of nine artefacts were on display, including statue heads and fragments of gypsum frescoes. These monuments date from the 2nd-3rd to the 7th century AD and hold exceptional historical significance for both Uzbekistan and the broader Islamic world.

“The return of these priceless artefacts is not only a victory for New Uzbekistan but also a compelling testament to the power of international cooperation in preserving the country's historical heritage, - added Mr. Abdukhalikov, noting that cultural organizations, legal institutions and diplomatic missions have confirmed their readiness to assist Uzbekistan in recovering its lost treasures”.

The ceremony reflected a broader trend toward strengthening global interaction in the field of cultural heritage protection, with a particular focus on increasing transparency and adhering to ethical standards in the art and antiquities market.

The Center of Islamic Civilization also announced its intention to participate in the upcoming Sotheby’s and Christie’s auctions and to visit art galleries in London. These initiatives are aimed at acquiring new items of Uzbek cultural heritage for the purpose of their preservation and return to the homeland.

“Uzbekistan's efforts to return and protect its cultural heritage continue to attract the attention and support of the international community. We are setting a powerful example of coordinated action in the field of restitution of cultural property”, - emphasized Mr. Abdukhalikov.

“The returned items possess exceptional historical and scientific value, as they belong to various eras of the ancient history of the territory of modern Uzbekistan and reflect the diversity of civilizational processes that have occurred in Central Asia over the centuries”, - noted Dr. Farhod Maksudov, Director of the National Center of Archaeology (Institute of Archaeology) of the Republic of Uzbekistan.

IA “Dunyo”

Exactly one year ago, on January 29, 2025, His Excellency the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, visited the Center of Islamic Civilization in Uzbekistan. During his visit, he provided a series of recommendations and directives regarding the incorporation of scientific and innovative projects developed by more than two thousand domestic and international researchers into the exhibitions of the Center.

It was truly a historic visit. Over the past year, the construction of the Center has been fully completed. Specialists and designers from more than 40 countries were involved in enhancing the Center’s activities and enriching its exhibitions. All of them were united around a megaproject initiated and guided by the vision of the President.

In September 2025, the Head of our State, from the high podium of the United Nations, announced the completion of the construction of the Center of Islamic Civilization in Uzbekistan and its imminent opening. Since then, the internal content of the exhibitions has become even more comprehensive. The Center has evolved into a unique space that captures the attention of the global community. Today, visitors from around the world, as well as leaders of states and international organizations, engage with the Center’s work, its scientific projects dedicated to civilizations, prominent figures and discoveries, openly acknowledging its significance.

The world is experiencing a period of profound civilizational transformation. Technological advancement often outpaces moral reflection, while global crises – ranging from geopolitical conflicts to the erosion of cultural identity – increasingly raise questions about humanity’s capacity for dialogue. In circumstances where religion is sometimes used as a tool for conflict, and culture becomes a dividing line, the need for new platforms that can restore the constructive essence of inter-civilizational dialogue is especially urgent.

It is in precisely this historical moment, in the heart of Eurasia – on land where great civilizations and empires arose, where trade routes, religions, scientific schools, and cultures have intersected for millennia – that the unique Center of Islamic Civilization in Uzbekistan has been established. Its creation is no coincidence and is not motivated by transient considerations; it is a direct reflection of the strategic vision of the President of the Republic of Uzbekistan, Shavkat Mirziyoyev.

As early as 2017, speaking from the podium of the United Nations, the President addressed the global community with a call to restore the true place of Islamic civilization in world history, emphasizing that the foundations of sacred Islam lie in enlightenment, science, and humanistic values and that extremism and ignorance can be countered through knowledge and culture.

United Nations Secretary-General António Guterres, during his visit to the under-construction Center of Islamic Civilization, expressed high international appreciation for this initiative, noting:

“Your President, Shavkat Mirziyoyev, is a great and respected leader who consistently promotes the ideas of dialogue, enlightenment and mutual respect from the high podium of the United Nations”.

These words reflect the understanding that has already taken hold within the international community: under the leadership of Shavkat Mirziyoyev, Uzbekistan has become an active participant in shaping contemporary history.

The address of the President of Uzbekistan from the United Nations podium laid the intellectual and scholarly foundation for the Center, both as a monumental architectural complex and as a fundamentally new humanitarian model of global significance. Within this model, Islam is presented through the history of great civilizations where scientific revolutions occurred, universities and academies were established, libraries and laboratories were created and the foundations of medicine, philosophy, art and scientific thought were formed.

Thanks to the President’s personal political will, strategic vision and consistent leadership, the idea of creating the Center of Islamic Civilization has been realized on an unprecedented scale, in terms of scope, content and international significance. A unique civilizational complex has been established, uniting 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 a broad network of global scientific and cultural cooperation.

The project also received high praise from the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev:

“This is a large-scale and unique facility. It is a scientific, tourist and ethnocultural project. I agree with the President of Uzbekistan: Center of Islamic Civilization can become a shared platform for research in this important field”.

According to global experts, Center of Islamic Civilization in Uzbekistan is not merely an infrastructure project or a symbol of cultural policy. It represents a deliberate civilizational response by the leader of Uzbekistan to contemporary global challenges. For the first time in the history of the Islamic world, such a large-scale permanent platform for genuine inter-civilizational dialogue has been created.

Uzbekistan has assumed a historic and spiritual mission - not by issuing declarations, but by establishing a real, world-class intellectual space to counter distorted interpretations of Islam and Islamic civilization.

President of the Republic of Azerbaijan, Ilham Aliyev, emphasized:

“Visiting the Center of Islamic Civilization, established at the initiative of the President of Uzbekistan, we were once again convinced of the country’s leadership’s deep commitment to preserving and promoting the rich cultural and spiritual values of the Uzbek people. In the context of rising Islamophobia, the opening of the Center carries special significance. It vividly demonstrates that Islam is a religion of creation, humanism, tolerance, friendship and brotherhood”.

Experts and policymakers unanimously note that this project has become a humanitarian shield against radicalism and distorted perceptions of Islam - a shield built on knowledge.

A particularly important aspect of the Center’s activities is the repatriation of cultural heritage. By the directive of the President, special state and diplomatic mechanisms were established to ensure systematic cooperation with the world’s leading auction houses - Sotheby’s, Christie’s, Bonhams - as well as with major museums and private collectors. As a result, around two thousand rare artifacts have been returned to the country, including manuscripts of Ibn Sina, works of Al-Biruni, Timurid-era miniatures and masterpieces of Islamic art.

This achievement represents a tangible restoration of Central Asia’s civilizational memory and the historical justice of the region.

President of Paraguay, Santiago Peña, upon visiting the exhibitions, noted:

“Visiting the Center of Islamic Civilization left a profound impression on me. Many of humanity’s scientific and cultural achievements originated here. Unfortunately, the world does not always recognize that fundamental works in algebra and medicine emerged on this land. This visit inspired me and strengthened my confidence in Uzbekistan’s tremendous potential”.

Experts emphasize that the President of Uzbekistan shapes the future with the same consistency with which he restores the past. For this reason, the Center was conceived from the outset as a dynamically evolving system - an international scientific platform, a media space and a publishing and educational hub.

President of Finland, Alexander Stubb, after his visit, stated:

“I was struck by an impression I have never experienced anywhere else. Three thousand years of history are presented in a modern and compelling way. Here, one truly feels history - it is impossible to remain indifferent”.

Today, Center of Islamic Civilization is becoming an intellectual hub of the modern world, much like Bayt al-Hikma in Baghdad, Academy of Al-Ma’mun in Khwarazm and Ulugh Bek madrasa in Samarkand once shaped the development of science.

Center represents a new type of civilizational institution for the 21st century. Historical knowledge is combined with digital technologies, manuscripts become global digital resources, the museum acquires the characteristics of a scientific laboratory and national heritage becomes a foundation for international dialogue and mutual understanding.

In conclusion, it is appropriate to cite the words of the President of Serbia, Aleksandar Vučić:

“I have never seen a center like this anywhere. It is built in a modern and very expressive architectural style. I have learned a great deal here and will certainly return. I would tell my fellow citizens: dear friends, I made a big mistake by not coming here earlier. Please visit Uzbekistan as soon as possible”.

Firdavs Abdukhalikov

Director of the Center of Islamic Civilization in Uzbekistan

At the end of Q1 2026, the republic’s exports of goods and services demonstrated a steady growth trend.

During the reporting period, exports totaled $5.8 bn, increasing by 26%, or $1.2 bn, compared to the same period last year.

Export growth was driven primarily by the expansion of shipments of higher value-added products and raw materials. In particular, exports of natural uranium amounted to $402.6 mn, increasing by $196 mn, or 95%. Exports of non-ferrous metals reached $248.7 mn, up by $137 mn, with a twofold increase recorded. Exports of oil and gas products totaled $160 mn, rising by $20 mn, or 15%.

Positive dynamics were also observed in manufacturing industries. Textile exports reached $731 mn, increasing by $110 mn, or 18%. Exports of construction materials totaled $304 mn, up by $130 mn, or 75%. Exports of jewelry products reached $214 mn, increasing by $75 mn, or 54%.

Sustained growth was also recorded in agricultural and food exports. Fruit and vegetable exports reached $320 mn, increasing by $34 mn, or 12%. Food product exports totaled $282 mn, increasing by $47 mn, or 120%.

Strong growth was also achieved in services. During the reporting period, services exports amounted to $2.2 bn, increasing by 35%, or $573 mn, compared to last year.

Regional export activity also expanded. In Andijan region, exports increased by $83 mn, or 74%; in Khorezm region by $27 mn, or 66%; in Navoi region by $15 mn, or 42%; in Fergana region by $54 mn, or 42%; in Namangan region by $43 mn, or 31%; in Syrdarya region by $17 mn, or 29%; and in Samarkand region by $54 mn, or 28%. In Tashkent city, exports grew by $178 mn, or 42%.

Export growth was recorded in 147 districts and cities across the republic.

The geography of exports continues to expand. In January–March of the current year, previously non-exported goods worth $162 mn across more than 140 product categories were supplied for the first time to 86 countries, including the United States, Austria, Belarus, Poland, South Korea, Iran, Kazakhstan, and Afghanistan.

In particular, exports to Hong Kong included jewelry, solar panels, semiconductors, brass products, and spare parts worth $42.1 mn. Exports to Afghanistan included truck cranes, aluminum products, oilcake, metal fittings, pipes, and other goods worth $19.8 mn. Exports to the United States included carpets, rug fabrics, electrical equipment, solar panels, and other goods worth $9.4 mn.

In addition, exports amounted to $2.3 mn to Poland, $3.8 mn to Kazakhstan, $3.2 mn to Belarus, $1.7 mn to Austria, $1.1 mn to the United Kingdom, $1.1 mn to Iran, and $649.3 thousand to South Korea.

As a result of efforts to involve new businesses in export activity, 702 new business entities joined export operations during the reporting period. Their exports totaled $270 mn. As a result, the total number of exporting enterprises reached 4 thousand.

Within the national export support system, financial and organizational assistance to exporting enterprises continued. Through the Trade Promotion Fund, 405 exporters received financial support totaling 32.3 bn soums, while these companies exported goods worth $98.9 mn. Every $1 of state support generated $38.9 in exports.

In addition, the Light Industry Agency provided financial assistance totaling 8.8 bn soums to 212 exporters.

The achieved results confirm the effectiveness of the measures being implemented in the country to expand export potential, diversify the product range, and strengthen competitiveness in foreign markets.

Center for Economic Research and Reforms Media Sector

In recent years, systematic work has been carried out to create a continuous chain of comprehensive support for the development of entrepreneurship in our country. As a result of the measures implemented and important decisions made over the last seven years, a new generation of entrepreneurs of New Uzbekistan has emerged.
In particular, BMB HOLDING is one of the major subjects of private entrepreneurship, playing an important role in the economic life of our country, and gaining strong positions not only in the domestic, but also in the international market.
On the eve of the 33rd anniversary of independence of the Republic of Uzbekistan, Dunyo information agency talked to Bekzod Mamatkulov, the founder of BMB HOLDING.
– Mr. Mamatkulov, in recent years BMB HOLDING has gained a great reputation not only in Uzbekistan, but also among the international business community. Today, the Holding effectively works in the areas of providing consulting services on investment projects, developing international business and trade relations, attracting foreign investments, export-import exchange, introducing innovative technologies, creating modern agro-industrial clusters. We would like to start our conversation with the organization of the Holding and the history of its development.
– After his election as President, Shavkat Mirziyoyev put on the agenda of our state’s policy such important issues as increasing economic potential, attracting investments and, most importantly, supporting entrepreneurs to bring the country to a new stage of development.
In this sense, the opportunities created for entrepreneurs have radically changed my life goals and made me want to test my potential in business.
We generated our first income through services. Developing business plans and providing consulting services was our first source of income. Later we bought land in Arnasay district of Jizzak region to implement our agricultural projects. We planted mung beans and peas as secondary crops here. The first attempts were successful. The agricultural products we grew gave better results than we expected. For the first time we were able to export our crops abroad. In particular, we started selling agricultural products to Pakistan, India and Afghanistan. Later, we had a plan to supply cotton and grain to the state on a contract basis, and we gradually expanded our financial capacity, making a profit from it.
In 2017, during the visit of the Head of state to Jizzakh region, our project to create a food cluster in Arnasay district was presented. At the meeting, the President emphasized that he would support us, like all businessmen, and expressed great confidence in us. Such attention and support of the President of the country gave us additional strength. After that, there was a desire to further expand our business activities, to test ourselves in new industries, to develop and implement joint projects with foreign partners.
In particular, in 2018, we were among the first to create the largest cotton cluster in the country. Thanks to the attention of the management and creation of favorable conditions for doing business, we created a cluster for growing medicinal plants, namely saffron. Later we organized a fruit and vegetable cluster. This big project, in turn, enabled us to set up a system of sorting, packing and deep processing of fruits and vegetables. Thus, having passed through various stages of business, our small project has now formed into BMB HOLDING. At present the Holding unites 30 enterprises. They employ more than six thousand people across the country.
– It is no secret that today the Holding realizes investment projects of international and national level. As an entrepreneur and a person who knows the business environment in foreign countries, how do you assess the investment environment in Uzbekistan? Are there aspects that do not satisfy you, are there factors that are obstacles for business?
– In the process of building New Uzbekistan, the creation of a favorable investment environment for entrepreneurs has become one of the main goals of the reforms of the Head of our state. The adoption by the President of Uzbekistan of a number of decrees and resolutions aimed at supporting entrepreneurs is yielding results today.
Improvement of tax legislation, creation of the possibility of free currency conversion, reforms in the sphere of private property and a number of other positive changes related to these spheres have played their important role, and entrepreneurs are now considered as the driving force of the country’s economy. In 2020-2022, despite the fact that the coronavirus pandemic worldwide had a large negative impact on the economies and the global investment environment, Uzbekistan’s economic growth rates remained stable and its investment attractiveness continued to grow.
The fact that the inflow of foreign investments into the country has increased significantly testifies to the confidence of international business in the economic reforms in our country. Active diversification of the economy is an important achievement that has opened new opportunities for investors in all sectors, starting with industry.
Now, if we talk about the factors that are obstacles for business, aspects that do not satisfy entrepreneurs, I will tell the truth openly: at the level of the government, reforms are being implemented very intensively, positive changes are taking place. But when you go to the lower level of the system, there are still cases of inattention and carelessness somewhere. I believe that such shortcomings will be eliminated.
– We know that BMB HOLDING is engaged in the production and export of a wide variety of agricultural products. In particular, the organization headed by you has achieved great success in saffron cultivation. Today saffron grown in Uzbekistan is becoming popular in many regions of the world. Tell me, when did you come up with the idea of establishing such a complex sphere as saffron cultivation in Uzbekistan and why did you choose this particular project?
– During President Shavkat Mirziyoyev’s visits to Kashkadarya region in 2017, the issue of cultivation of medicinal plants in mountainous and foothill regions, development of this sphere in our country and export of valuable medicinal plants to the world market was prioritized. The leader of our country also inquired why it is impossible to grow saffron in Uzbekistan despite all conditions, and gave a special instruction to develop this industry. During the President’s visit to Jizzakh region, we made a detailed presentation of our saffron cultivation project. Having familiarized himself with the project, the Head of state expressed his full support to it and instructed the responsible persons to implement the program as soon as possible.
However, it was not easy to realize this project at first. When implementing this business idea, first of all, we deeply studied the demand and supply in the domestic and foreign markets, opportunities and prospects for its implementation in the conditions of Uzbekistan, our own potential in this area, as well as a number of other factors. In 2020, we started to implement the project in pandemic conditions. At first, it took a lot of patience and hard work to find specialists, to bring saffron bulbs suitable for our climate from Europe and to get the desired harvest. In the first year we planted saffron bulbs on 55 hectares of land. The high demand for the harvest and the experience gained stimulated further development and expansion of the project. Today saffron is grown on 400 hectares of land. In the next three years, it is planned to increase the area of saffron plantations to 1,000 hectares and produce 20 tons of pure saffron products per year.
At the beginning of 2024, the product BMB Za’faron for the first time in our region received the USDA Organic certificate, an environmental certificate developed by the U.S. Department of Agriculture, which allowed Uzbek saffron to enter the American markets. After several years of in-depth analytical research, Uzbek saffron grown in the Bakhmal district received the appropriate permission to export to Chinese markets according to the conclusion of the Uzbek-Chinese interdepartmental commission.
– Indeed, a lot of experience in saffron cultivation has been accumulated in recent years. At the same time, what countries’ experience do you think should be studied and implemented in order to grow a competitive product that meets the requirements of international standards and markets?
– In agriculture, each product is grown using a specific method. Such countries as Italy, Austria, South Korea, USA, and Saudi Arabia have enough experience in saffron cultivation. Of course, we study the experience of countries with climatic conditions close to ours and exchange experience with industry experts. I can say that we have mobilized all possibilities to get more crops and export them abroad. The increase in exports, in turn, contributes to increasing the inflow of foreign currency into Uzbekistan and ensuring economic stability.
To bring our national products to the world market and increase their competitiveness, the most important factors are, first of all, quality, then price and, of course, matching production capacity to demand. We have taken these aspects into account in our work and projects, especially in saffron cultivation.
– In Uzbekistan, on the initiative of the Head of our state, an open dialog with entrepreneurs is held annually. Tell me, what impact do these efforts have on the activities of the Holding headed by you?
– It would not be an exaggeration to say that the adoption of a number of resolutions and decrees on creation of favorable business environment and healthy competition in our country, comprehensive support for entrepreneurs, further liberalization of tax policy have served to eliminate the problems that have arisen for many years and hindered the free activity of entrepreneurs.
Thanks to the political will of the President of Uzbekistan, the organizational and legal foundations for the development of the industry have been strengthened, and the attention to entrepreneurs has changed dramatically. Most importantly, all this has already started to yield positive results.
In addition, an open dialog between the President of the Republic of Uzbekistan and entrepreneurs has been established. In my opinion, there is no other country in the world that has such a format.
I can confidently say that the open communication of the Head of state with the business community, which has now become a tradition and is held annually, serves as an important factor in the formation of a new competitive class of entrepreneurs in New Uzbekistan.

I visit many countries for work. In particular, my friends-partners in Italy, Germany, the United States, Austria and other countries highly appreciate the annual dialog of the President of Uzbekistan with entrepreneurs. It is no secret that people look at us with envy when they see the personal attention of the Head of state to the development of business in our country. In fact, it is a great achievement for both sides — the President meets with businessmen, listens to their systemic problems, finds solutions and solves them. Therefore, today all businessmen are looking forward to meeting with the President. This meeting has also become an important forum for businessmen to assess their activities for the year and determine plans for the future. The speeches of our country’s leader at the meeting and important initiatives aimed at further development of the industry, removal of existing obstacles, provision of benefits to entrepreneurs serve as a program for further expansion of businessmen’s activities.
I would like to give an example based on my experience. Before dialoguing with the President, I note in my notebook the issues we face in our work. Listening to the President, I always get comprehensive answers to all my questions based on deep analysis.
– In August 2022, by the decree of the President of Uzbekistan, you were awarded the “Faol Tadbirkor” sign, and in 2023 — the “Dustlik” order. Recall those moments when your entrepreneurial activity was highly appreciated by the leadership of our country.
– Before answering, I have to say one thing. Before coming to business, I worked in state and public organizations for more than 15 years. I never received even a certificate of honor, let alone a state award. Today, the leader’s focus is on people who have sincerely worked for the development of our dear country — Uzbekistan. In recognition of our work, in 2022, I was awarded the “Faol Tadbirkor” sign. In 2023, I had the honor to receive the “Dustlik” Order from the esteemed President. These are not just awards given to me, they are recognition of the work of thousands of dedicated people working in the Holding’s system. Such a high appreciation gives our team more confidence and motivation, and gives us great strength to realize the goals we have set for ourselves.
– The direction of economic diplomacy is becoming increasingly important in attracting foreign investment to Uzbekistan, finding new partners and exporting national products abroad. In this regard, does the Holding, which you head, use the opportunities of diplomatic missions of our country in foreign countries? How satisfied are you with the work of our country's embassies in this direction?
– Frankly speaking, it used to be impossible to meet with diplomats. If you went abroad and wanted to meet with the Ambassador of our country, he would not accept businessmen. This is an open statement. The Ambassador only dealt with politics. Thanks very much to our President, he brought the diplomats’ attention to the economy as well. This, of course, has opened wonderful conditions and opportunities for entrepreneurs. Openness in this sphere, in turn, has become an important step for entrepreneurs in finding foreign partners and attracting investment.
Today, the diplomatic missions of Uzbekistan in foreign countries play a very important role in the activities of the Holding Company, and we feel their support at every stage of realization of our numerous projects. The introduction of the position of Advisor to the Ambassadors of Uzbekistan on economic issues has been very useful for us entrepreneurs. It should be noted that BMB HOLDING has established close relations of economic cooperation with embassies of foreign countries in Uzbekistan, in particular with diplomatic missions of Russia, China, USA and a number of European countries such as Poland, Austria and Latvia.
In a word, the role of diplomatic missions of Uzbekistan and foreign countries in our country is very important in effective realization of the company’s projects.
– Today BMB HOLDING operates in the field of cultivation and production of agricultural products. Our readers are also interested in the future plans of the Holding.
– Our plans for the near future are huge. In particular, the work on establishment of deep processing of agricultural and fruit and vegetable products, and the launching of textile factories in Syrdarya region is in full swing. We also want to implement projects in the field of medicine. Our first project in this direction will be the creation of a health center in Navoi region in 2025. Also, a chain of restaurants and hotels “Zafaron” will be launched in Tashkent city and Tashkent region.
Along with this, we plan to implement the project “Energy-efficient technologies and equipment for production, mining and processing of natural decorative stone” worth 50 million US dollars together with the organization Toksel Makina from Turkey.
– Our last question may be off-topic, but many people are also very interested in this area. We would like to ask about your projects in sports, especially in soccer. What are your goals in soccer and futsal? Also, please, provide information about BMB HOLDING brand ambassadors in the sphere of chess.
– This is an interesting question. BMB HOLDING considers the development of sports in our country, especially soccer and futsal, as one of the main directions of its activity. The Holding was one of the sponsors of Sogdiana soccer club in 2021 and Lokomotiv soccer club in 2022. Since 2023, our Holding has been one of the sponsors of the professional soccer league of Uzbekistan.
At the same time, the BMB PROFESSIONAL FUTSAL CLUB team started its activity in the system of the Holding. A number of famous local and Brazilian futsal players were invited to the team. For the last two years the team won the Cup of Uzbekistan and the Super Cup of Uzbekistan. Today the basis of our team is made up of futsal players playing in the national team of Uzbekistan on mini-football.
On June 30, on the occasion of Youth Day in Uzbekistan together with the Agency for Youth Affairs within the framework of the project of the brand ORRO ROSSO in Milan (this brand is currently the official partner of the Italian soccer club Milan and Monza) we organized a trip to our country of four famous former players of the soccer club Milan, world and European champions Dida, Sergino, Panucci and Zaccardo. I believe that the visit of famous soccer players to Uzbekistan has served to increase the interest and activity of our youth in sports.
As you know, the Futsal World Cup will be held in our country from September 14 to October 6 this year. BMB HOLDING as the main partner organization is preparing for this futsal holiday.
Besides, BMB HOLDING actively supports talented young chess players. Recognizing them as the face and ambassadors of the Holding, we call them brand ambassadors. In particular, FIDE Master of Sports Humoyun Bekmurodov won a silver medal at the X Chessable Sunway Sitges International Chess Festival 2023 held in Barcelona (Spain), and also won the Dubai Police Global Chess Challenge tournament held in Dubai (United Arab Emirates) on May 3-13 this year.
Another of our young chess players is Umida Omonova, a student of the International Chess School, world champion in blitz and rapid, FIDE Master of Sport, member of the Uzbekistan national team, holder of the state award named after Zulfiya, brand ambassador of BMB HOLDING. She also won the 18th round of the Uzbekistan Championship held in April this year.
Another thing is that BMB HOLDING mobilizes all its capabilities and potential in the direction of further prosperity of New Uzbekistan, which is being built under the leadership of the Head of state, improvement of welfare of our people and development of the Motherland.
- Thank you for taking the time to talk to us.
- Thank you.

Dunyo IA

The text of the article is in Uzbek!

On May 15, President of Uzbekistan Shavkat Mirziyoyev paid a working visit to the city of Turkestan, where he took part in the informal summit of the Organization of Turkic States. The visit featured an extensive political, economic, and humanitarian agenda, as well as a series of high-level bilateral meetings. In an interview with the correspondent of Dunyo IA, First Deputy Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan Akramjon Nematov shared his views on the significance of the summit, emerging trends in the development of the OTS, and Uzbekistan’s initiatives.

— President Shavkat Mirziyoyev’s participation in the informal summit of the Organization of Turkic States in Turkestan was highly intensive both in terms of substance and the number of bilateral engagements. In your opinion, what made this visit particularly noteworthy and distinctive?

— First and foremost, I would note that this visit reflected a qualitatively new stage both in the development of the Organization of Turkic States itself and in the role of Central Asia within the emerging architecture of Eurasian cooperation.

Notably, the summit agenda extended far beyond cultural and humanitarian cooperation to encompass issues directly linked to future economic and technological development — digitalization, artificial intelligence, transport connectivity, and innovation. This reflects the OTS’s gradual transformation into a more pragmatic platform oriented toward practical cooperation.

Such an approach is particularly close to Uzbekistan, as our country has consistently advocated open, mutually beneficial, and technology-driven cooperation across Eurasia. Amid ongoing global transformation, connectivity, resilient supply chains, digital infrastructure, and joint industrial development are becoming key determinants of long-term regional competitiveness.

Another distinctive feature of the summit is the increasingly prominent role of Central Asia as an independent center of regional dynamism. It is symbolic that the meeting took place in Turkestan, one of the most important spiritual and historical centers of the Turkic world. This underscores the growing importance of our region not only as a space of shared historical and cultural heritage, but also as a major hub of economic, transport, and humanitarian connectivity.

Particular attention should be paid to the bilateral meetings held by the President of Uzbekistan with President of Kazakhstan Kassym-Jomart Tokayev, President of Kyrgyzstan Sadyr Japarov, and President of Türkiye Recep Tayyip Erdoğan. These meetings demonstrated the high level of trust and intensity of regional dialogue.

In particular, talks with the Kyrgyz side focused on advancing major infrastructure projects, above all the China–Kyrgyzstan–Uzbekistan railway. Today, such projects carry not merely transport significance but strategic importance, as they are shaping a new geoeconomic configuration of Eurasia and strengthening Central Asia’s role as a key transit, manufacturing, and logistics hub.

The meeting with the Turkish leader also confirmed that Uzbek-Turkish relations have reached the level of a stable comprehensive strategic partnership. This is no longer solely about expanding trade or investment, but about building long-term cooperation in industry, technology, logistics, education, and other sectors.

The humanitarian dimension of the visit was equally significant. The visit to the mosque built by the Uzbek side in Turkestan became a vivid symbol of the strengthening fraternal ties between Uzbekistan and Kazakhstan and reflected the shared historical, spiritual, and cultural affinity of the two peoples. Importantly, the humanitarian dimension is increasingly serving as a natural complement to economic and political cooperation in the region.

In a broader context, the visit confirms that Uzbekistan continues to pursue an open and balanced foreign policy aimed at fostering constructive engagement with all partners. It is fundamentally important that the countries of Central Asia view Turkic cooperation not as a closed geopolitical project, but as part of a broader architecture of inclusive and mutually beneficial cooperation across Eurasia.

This is precisely why Central Asia is increasingly asserting itself as an independent actor in international relations with its own agenda based on the principles of good-neighborliness, connectivity, pragmatism, and shared responsibility for the region’s sustainable development.

— What agenda did Uzbekistan bring to the informal OTS summit in Turkestan, and what, in your view, was particularly noteworthy about the initiatives put forward by President Shavkat Mirziyoyev?

— Uzbekistan presented at the summit of the Organization of Turkic States a highly comprehensive yet pragmatic agenda aimed not only at strengthening the cultural and civilizational commonality of the Turkic world, but above all at shaping a new architecture of technological, transport, investment, and humanitarian cooperation.

What distinguished President Shavkat Mirziyoyev’s address was its emphasis on transforming the OTS from a predominantly political and cultural platform into a mechanism for practical integration in the most promising and strategically sensitive areas of the 21st century — artificial intelligence, digital infrastructure, logistics, climate security, and cyber resilience.

Notably, Uzbekistan effectively proposed a conceptual vision for a “Digital Turkic Space.” The discussion has moved beyond cultural affinity or expanding trade toward the creation of a common technological ecosystem. It was in this context that the initiative to establish a strategic cooperation network in the field of artificial intelligence was advanced, along with the concept of a “Digital Turkic Corridor” designed to connect regional data centers and digital platforms through high-speed communication channels.

It is especially important that the President of Uzbekistan linked the digital agenda with the historical and intellectual heritage of Turkic civilization. References to Muhammad al-Khorazmiy, Ahmad al-Farganiy, Abu Rayhan al-Beruniy, and Mirzo Ulugbek gave the speech greater depth and intellectual dimension. In doing so, it was emphasized that modern technological modernization is viewed not as an external borrowing, but as a natural continuation of the region’s own scientific legacy.

Another important feature was Uzbekistan’s promotion of the institutionalization of cooperation. Virtually all of the President’s initiatives were practical in nature and aimed at establishing concrete mechanisms of interaction — a joint venture fund with Kazakhstan, a Technology Forum in Tashkent, a big data platform for consolidating shared cultural heritage, a Turkic Cybersecurity Alliance, and a climate risk monitoring system based on satellite data.

It is also indicative that Uzbekistan consistently promotes the nexus between digitalization, transport connectivity, and security. Particular emphasis in the speech was placed on integrating the Middle Corridor with the China–Kyrgyzstan–Uzbekistan railway, the digitalization of customs procedures, and the launch of a unified logistics space. In essence, this involves the formation of a new Eurasian transport and technological framework in which Central Asia becomes not a periphery, but one of the key hubs.

The environmental dimension of the initiatives also deserves special attention. Uzbekistan proposed viewing the climate agenda as an issue of collective security for the Turkic space. The initiative to declare 2027 the Year of Environmental Protection within the OTS framework, along with proposals for joint monitoring of droughts, soil degradation, and glacier melt, reflects the intention to provide the Organization with a more modern and globally relevant agenda.

Equally important is that amid growing international turbulence, President Shavkat Mirziyoyev placed special emphasis on trust, coordination, and collective resilience. The proposal to establish a Turkic Cybersecurity Alliance reflects the understanding that emerging threats are increasingly taking shape not only in the traditional military-political sphere, but also in the digital domain.

Overall, Uzbekistan’s address demonstrated that Tashkent views the OTS as a long-term platform for strategic cooperation capable of becoming one of the independent centers of technological, economic, and humanitarian development across Eurasia. At the same time, the distinguishing feature of Uzbekistan’s approach lies in its combination of pragmatism, institutional thinking, and the concept of open regional connectivity.

— How would you assess the overall outcomes of the OTS summit, and what is its practical significance today?

— Viewed in a broader strategic context, the recently concluded summit of the Organization of Turkic States demonstrated that the OTS is gradually moving beyond a predominantly symbolic and humanitarian model of interaction toward becoming a fully-fledged platform for practical cooperation in a rapidly changing world.

And this is perhaps the principal outcome of the meeting in Turkestan.

Today, the international system is undergoing a period of profound transformation. Geopolitical fragmentation is intensifying, competition for transport routes, technologies, resources, and markets is growing, and established logistics chains are being disrupted. The importance of infrastructure resilience, energy security, digital sovereignty, and food stability is steadily increasing. Against this backdrop, states are increasingly seeking regional formats of cooperation capable of ensuring resilience to external shocks.

It is precisely in this context that the outcomes of the OTS summit should be viewed.

The practical significance of the meeting lies primarily in the fact that the countries of the Turkic world have begun discussing not abstract integration ideas, but concrete mechanisms for joint development — transport corridors, digital infrastructure, technological cooperation, climate resilience, logistics, and cybersecurity.

It is highly indicative that virtually all speeches delivered by the leaders focused, in one way or another, on connectivity and resilience. President of Kazakhstan Kassym-Jomart Tokayev emphasized the need to strengthen the transport and transit potential of the Turkic space and further develop the Middle Corridor. President of Türkiye Recep Tayyip Erdoğan stressed the importance of logistics integration and expanding economic cooperation among OTS member states. President of Azerbaijan Ilham Aliyev paid particular attention to transport connectivity and the region’s role in shaping new Eurasian routes. All of this reflects a shared understanding that transport, logistics, and infrastructure connectivity are becoming the foundation of the new regional economy.

In this regard, Central Asia is gradually transforming into one of the key hubs of Eurasia. The region is no longer perceived solely as a transit space. Today, the focus is on the emergence of a new manufacturing, logistics, and investment hub linking East and West, North and South.

That is why such importance is attached to the China–Kyrgyzstan–Uzbekistan railway, the integration of the Middle Corridor, the digitalization of customs procedures, and the development of data centers and logistics platforms. In effect, a new infrastructural geography of Eurasia is taking shape.

It is particularly important that the summit clearly highlighted the interconnection between transport connectivity, digitalization, and security. Today, the resilience of states is determined not only by military capabilities, but also by their ability to ensure the uninterrupted functioning of transport corridors, energy networks, digital infrastructure, and supply chains.

In this sense, Uzbekistan’s initiatives appear highly timely and strategically sound. The proposals to establish a “Digital Turkic Corridor,” a Turkic Cybersecurity Alliance, a climate risk monitoring system, and joint artificial intelligence platforms reflect an understanding that competition in the 21st century will increasingly unfold in the technological and infrastructural domains.

The climate agenda also deserves special attention. Just a few years ago, such issues were perceived as secondary, whereas today they are directly linked to economic resilience and security. Water scarcity, soil degradation, and extreme weather events have a direct impact on energy, agriculture, transport, and migration processes. Therefore, Uzbekistan’s proposal to establish climate risk monitoring mechanisms and declare 2027 the Year of Environmental Protection appears especially timely and relevant.

It is also noteworthy that the summit demonstrated a high level of political trust among the Central Asian states. Just a few years ago, it would have been difficult to imagine such an intensive level of regional interaction. Today, however, Central Asia is acting no longer as an object of major powers’ foreign policies, but as an independent actor in international relations capable of shaping its own agenda and advancing major regional initiatives.

Overall, it can be said that the practical value of the summit lies in strengthening the region’s long-term resilience. The focus is on creating mechanisms that will enable the countries of the Turkic space to jointly adapt to global transformations — technological, economic, climatic, and geopolitical.

For this reason, the current summit should be viewed not merely as a diplomatic event, but as an important stage in shaping a new model of regional cooperation across Eurasia based on pragmatism, connectivity, technological development, and collective resilience.

President of the Republic of Uzbekistan Shavkat Mirziyoyev met with World Bank Vice President for Europe and Central Asia Antonella Bassani on September 30.

The sides considered topical issues of further expansion of strategic cooperation with the World Bank Group and support of this leading international financial institution to the ongoing reform program in New Uzbekistan.

At the beginning of the meeting, Vice President Antonella Bassani conveyed to the head of our state sincere greetings and best wishes of World Bank President Ajay Bangui.

During the conversation, the current high level and fruitful nature of bilateral cooperation were noted with deep satisfaction.

In recent years, our country has become one of the largest partners of the Bank - the portfolio of projects has increased several times and now exceeds 12 billion dollars.

The World Bank supports the implementation of important reforms aimed at ensuring the sustainability of economic and social sectors. Since July this year, the Bank's regional office has been operating in Tashkent.

Such areas as poverty reduction, transformation of state-owned enterprises and banks, decarbonization, support for WTO accession and others have been identified as priorities for further expansion of the partnership.

Special attention was paid to the programs of urbanization and integrated development of regions, modernization of energy and irrigation infrastructure, support to the private sector.

There was also an exchange of views on the promotion of regional projects.

Central and South Asia are increasingly facing the same reality: climate risks are no longer a distant forecast. Droughts, water scarcity, heatwaves, land degradation, dust storms, floods, and pressure on water, food and energy security are already affecting economies, public health, infrastructure, and the resilience of entire regions.

This is why the second meeting of the Termez Dialogue on Connectivity between Central and South Asia is of particular significance. The second meeting is organized by the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan and the Ministry of Foreign Affairs of the Republic of Uzbekistan, in partnership with the Conference on Interaction and Confidence Building Measures in Asia. This format reflects Uzbekistan’s consistent foreign policy direction aimed at strengthening trust, open dialogue, and sustainable connectivity between the regions.

While the first meeting introduced the Termez Dialogue as a platform for bringing the two regions closer together, the new agenda takes the next step: moving from a discussion of connectivity to practical mechanisms for joint climate adaptation and stronger environmental resilience. Its task is to move from conceptual discussions to concrete priorities and practical mechanisms, with joint adaptation to climate change identified among the key areas of cooperation.

Climate as a New Test of Connectivity

Climate change shows how closely water, food, energy, transport, health, and ecosystems are linked. When water availability declines, the impact is not limited to agriculture. It also affects hydropower, food prices, migration, employment, soil conditions, and even regional stability. As extreme heat becomes more frequent, cities, transport systems, healthcare systems, and labour productivity all come under pressure.

The Synthesis Report of the Intergovernmental Panel on Climate Change (IPCC), prepared as part of the Sixth Assessment Cycle, emphasizes that adaptation is already taking place in all regions of the world, but the gap between what is needed and what is being done remains and will continue to grow at the current pace of action. The IPCC also underlines that the most effective responses are not isolated measures, but integrated solutions that connect water management, agriculture, infrastructure, social protection, ecosystems, and population needs.

This is particularly important for Central and South Asia. Both regions depend on mountain watersheds, irrigated agriculture, the resilience of rural areas, as well as stable and secure energy supply and the cross-border movement of goods and people. Climate adaptation, therefore, cannot remain solely a matter of national policy. It must become part of interregional cooperation.

Uzbekistan: The Data Confirm the Urgency of Action

Uzbekistan’s Fourth National Communication under the UNFCCC identifies the country as among the most vulnerable to the impacts of climate change in Central Asia and Eurasia. This vulnerability is linked to accelerated temperature rise, growing water scarcity, glacier retreat, and the increasing frequency of extreme hydrometeorological events.

Water remains an especially sensitive factor. Uzbekistan’s water resources belong to the Aral Sea basin, while the main surface runoff of the Amu Darya and Syr Darya rivers is formed outside the country. This means that Uzbekistan’s climate resilience is directly linked to the quality of regional and interregional cooperation. Water, data, forecasts, infrastructure, and trust become part of one security system.

Cities as a New Frontline of Climate Adaptation

The climate agenda is also becoming increasingly connected with the future of cities. Speaking at the Leaders’ Summit of the 13th session of the World Urban Forum in Baku, President of Uzbekistan Shavkat Mirziyoyev noted that, over the next 15 years, the country’s population is expected to grow from 38 to 50 million people, while the urbanization rate is projected to rise from 51% to 65%.

For Uzbekistan, this is not only a demographic trend but also a climate challenge. Urban growth increases pressure on water, energy, transport, housing, air quality, and green spaces. Therefore, plans for sustainable urbanization — including the development of “green”, “smart”, “safe”, and “15-minute” cities, the expansion of urban greenery, and the introduction of green city principles — are directly linked to climate adaptation.

In this context, the Termez Dialogue can become a platform for exchanging experience not only on water and agriculture, but also on climate-resilient urban development: from reducing the urban heat island effect and saving water to clean transport, digital air quality monitoring, and designing new districts with climate risks in mind.

A New Emphasis: Adaptation as a Practical Development Agenda

The Termez Dialogue can offer an important new approach: to view adaptation not as a response to crises, but as an investment in sustainable development. This changes the very language of climate policy.

Adaptation is not only about building protective infrastructure or responding to emergencies. It is about more accurate forecasting of droughts and floods and data exchange between countries. It is about water-saving agriculture, the modernization of canals, pumping stations, and urban infrastructure. It is about restoring degraded lands and ecosystems. It is about preparing farmers, engineers, hydrologists, energy specialists, and local authorities to operate under new climate conditions.

This is why the Concept of the second meeting of the Termez Dialogue emphasizes the consolidation of efforts by states and partners to develop coordinated and mutually reinforcing approaches to climate adaptation and to reducing the socio-economic consequences of climate and environmental risks.

Why Central and South Asia Must Adapt Together

Climate risks do not recognize borders. Drought in one part of the region can affect food markets in another. Glacier retreat changes river regimes far beyond mountain areas. Dust storms, heatwaves, and extreme rainfall can affect several countries at once. Joint adaptation is therefore a practical necessity.

The IPCC stresses that around 3.3 to 3.6 billion people worldwide live in conditions of high vulnerability to climate change. It also emphasizes that the vulnerability of people and ecosystems is interconnected: the degradation of ecosystems increases risks for people, while social vulnerability reduces societies’ ability to adapt.

For Central and South Asia, this means that resilience must be built across several dimensions at once: water, food, energy, environment, and society. Food and environmental security cannot be strengthened without water. Infrastructure cannot be modernized without climate forecasts. Risks cannot be reduced without trust and information exchange.

Termez as a Place for Climate Partnership

The choice of Termez has both historical and practical significance. Termez is Uzbekistan’s southern gateway and a natural bridge between Central and South Asia. In today’s conditions, this role acquires new meaning: the city is becoming a symbol not only of transport and trade connectivity, but also of climate partnership.

Afghanistan has a particularly important role. The idea of the Termez Dialogue implies the need for the gradual integration of Afghanistan into regional economic, transport, humanitarian, and climate processes with the support of the international community. In the climate agenda, this is especially meaningful: without Afghanistan’s participation, it is impossible to build genuinely sustainable connectivity between Central and South Asia.

What the Termez Dialogue Can Deliver

The Termez Dialogue can become a platform for launching several practical areas of cooperation.

First, the exchange of climate and hydrological data, including forecasts of droughts, floods, glacier changes, and dust storms.

Second, the joint promotion of early warning systems, so that countries can prepare in advance for extreme weather events.

Third, the development of climate-resilient agriculture: water-saving technologies, drought-resistant crops, digital services for farmers, and the restoration of pastures and soils.

Fourth, ecosystem-based adaptation — the restoration of forests, wetlands, mountain and desert ecosystems that themselves serve as natural protection against climate risks.

Fifth, climate-resilient infrastructure — from transport corridors and logistics centres to energy facilities and rapidly growing cities.

From a Common Challenge to Shared Resilience

The main value of the Termez Dialogue is that it allows the climate agenda to be discussed not in the language of alarm, but in the language of joint solutions. Central and South Asia can not only exchange risk assessments, but also create common adaptation mechanisms: from scientific networks and pilot projects to investment programmes and regional standards for resilient infrastructure.

The new climate agenda of the Termez Dialogue is part of the larger idea of connectivity. Genuine connectivity is not only about roads, trade, and energy corridors. It is also about the capacity of countries to jointly protect ecosystems, human health, and the future of coming generations. The Termez Dialogue can become the space where Central and South Asia move from recognizing their shared vulnerability to building shared resilience.

D.R. Ziganshina, SIC ICWC | 20 May 2026

President Shavkat Mirziyoyev visited the mausoleum of Imam Bukhari on June 15, on the eve of the holy Eid al-Adha holiday.

Surahs from the Koran and dua were recited.

In conversation with religious figures, they talked about the conditions created for the development of science and enlightenment, education of youth in the spirit of patriotism and respect for national values.

Renovation of the complex is underway. The head of state familiarized himself with the progress of construction and finishing works.

The President concluded his visit to Samarkand and left for Tashkent.

President Shavkat Mirziyoyev was given a presentation on measures to further develop the jewelry industry, support jewelry production and sales, and increase exports of finished products.

Our country has a huge potential for increasing production and export of jewelry.

As the head of state noted, only 6 percent of gold mined in the country is processed, and exports of its products amount to only 78 million dollars, so it is important to create jewelry zones with special conditions for entrepreneurs, to review the provision of raw materials, training of specialists, production chain and sales system.

In this regard, the Ministry of Economy and Finance and the Chamber of Commerce and Industry have developed relevant proposals.

In particular, it is planned to improve the activity of the Uzbekzargarsanoati association, expand its powers and reorganize the management system.

In order to support manufacturers of the industry, it is proposed to apply the benefits provided for members of the Association "Uzbekzargarsanoati" to individual entrepreneurs - manufacturers of jewelry, who are members of the Association "Uzbekzargarsanoati".

The possibility of establishing a zero rate of customs duty and value added tax on equipment, packaging and marking materials that are not produced in Uzbekistan and used in the jewelry industry for the period up to October 1, 2026 is being studied.

The issues of creation of special jewelry centers including production, exhibition and trade areas were considered. Information was provided on the placement of pilot projects in Tashkent and Namangan region.

The issue of increasing the volume of jewelry exports was discussed. It was proposed to establish a zero rate of customs duty for export of jewelry made in our country to the United States of America under the GSP system.

The head of state instructed to finalize the presented measures and work out a program for the development of domestic jewelry production for the period up to 2027.

The Fifth Tashkent International Investment Forum will take place on June 16–19, 2026. This year’s theme – “Investment Resilience: New Frontiers, New Partnerships” – frames the agenda around a set of pressing questions: how to protect capital amid global uncertainty, what institutional mechanisms enhance investment resilience in frontier markets, and where the new partnership routes lie.

The forum’s context is set by macroeconomic results. According to the National Statistics Committee, Uzbekistan’s GDP grew by 7.7% in 2025 and exceeded $147 billion – the fastest pace since 2021 and among the highest in the Europe and Central Asia region. Fitch Ratings and S&P Global upgraded the country’s sovereign rating from BB– to BB for the first time, while Moody’s revised its outlook to “positive.” International reserves, per the Central Bank, surpass $77 billion. Exports rose 24% to $33.8 billion. Foreign direct investment increased by 46.9%, with FDI accounting for 40.5% of total capital investment. For an economy that attracted only $4 billion in annual foreign investment in 2017, the surge to $42 billion by 2025 represents a fundamentally different scale of growth. This tenfold increase over eight years underscores a profound transformation in the nation's investment landscape.

The forum is scaling alongside the economy. Last year’s TIIF drew over 8,000 participants, including some 3,000 international delegates from 97 countries. Guests included Bulgarian President Rumen Radev, Slovak Prime Minister Robert Fico, heads of government from all Central Asian states, EBRD President Odile Renaud-Basso, and New Development Bank President Dilma Rousseff. The aggregate value of signed investment contracts and trade agreements reached $30.5 billion. Yet what best speaks to the platform’s maturity is not the number of signings but the conversion rate – the share of agreements that translate into operating assets is increasingly the metric that matters to returning investors.

The centrepiece of this year’s forum will be the Tashkent International Financial Centre (TIFC), established by presidential decree in March 2026. Behind the headline sits a specific institutional architecture: a special legal regime based on common-law principles, a dedicated financial services regulator, an arbitration centre (TIAC), and tax exemptions through 2076. TIFC is part of a global trend toward specialised financial hubs that offer international market participants a familiar legal environment and regulatory predictability. Its defining feature is integration within the country’s legal framework: the centre operates under a special legal regime rather than creating a separate jurisdiction, reducing regulatory fragmentation and simplifying engagement with the domestic economy. A panel session featuring leaders of major global financial centres and international investors operating in Uzbekistan will address the central question: what are the practical conditions under which TIFC can attract international market participants.

The TIIF 2026 programme is structured around four thematic pillars: investment resilience and capital protection mechanisms, financial infrastructure and capital market development, trade connectivity and logistics corridors, and energy transition and climate finance. Key sessions include a discussion of the regulatory framework for alternative investment funds (a legal basis for private equity and venture capital being adopted for the first time), a panel on the Middle Corridor and trans-Caspian logistics, a session on sovereign ratings across Central Asia, and a practitioner-led workshop on blended finance instruments in frontier markets. A dedicated arbitration and dispute resolution track features two panel sessions co-organised with the Tashkent International Arbitration Centre (TIAC), the British-Uzbek Legal Association (BrULA), and the British Embassy. Topics range from the institutional design of Uzbekistan’s arbitration ecosystem – including the innovative Dispute Avoidance Protocol (DAP) – to the country’s positioning within the global investment protection architecture: ISDS frameworks, bilateral investment treaty reform, and New York Convention enforcement.

The energy agenda warrants particular attention. Uzbekistan has set an ambitious target of raising the share of renewables in electricity generation to 54% by 2030. Currently, the country operates solar and wind facilities with a combined installed capacity exceeding 4 GW, with a project pipeline envisaging an additional 19 GW of green capacity. Alongside this, the public-private partnership mechanism continues to develop: as of early 2025, PPP agreements worth approximately $28 billion had been signed in the country. For investors, this represents a large, structured market with standardised PPA contracts and a clear entry mechanism – a subject that will be examined in detail during the forum’s energy panel.

TIIF 2026 retains its bilateral business forum format, reflecting the expanding geography of Uzbekistan’s economic partnerships. Confirmed platforms include business forums with the Republic of Korea, the United States, Croatia, Hungary, Turkey, and Albania, as well as a China–SCO countries investment dialogue; the lineup continues to grow as the event approaches. The plenary session featuring heads of state and government will set the tone for the business programme. Running in parallel is an exhibition of industrial and investment potential spanning approximately 6,000 sq m – in 2025, a comparable facility facilitated over 500 B2B and B2G meetings for 100 participating companies.

At the same time, the forum agenda implicitly flags unresolved challenges. The corporate governance session raises the question of transitioning from concentrated to dispersed ownership – a process without which the stock market will remain illiquid. The discussion of privatisation and state asset IPOs calls for a candid conversation about pacing and institutional quality. The responsible business conduct panel, anchored in OECD standards, recognises that tax incentives alone are insufficient for accessing institutional capital – what is needed is verifiable supply chain transparency and functioning National Contact Point mechanisms.

The business programme is complemented by networking formats: an FIC and EY business breakfast on digitalisation and AI, the annual SQB Investor Day, an ESG Award ceremony, and the European Business Evening. The informal component – an invitational tennis tournament, TIIF Open, and an evening run – is designed for delegates who prefer to build relationships beyond the conference hall. The anniversary evening concludes with a collaboration with the Stihia electronic music festival – a detail that captures the tone in which Uzbekistan presents itself to an international audience.

For Uzbekistan, TIIF has long ceased to be a showcase. It is a working instrument of investment policy, whose effectiveness is measured not by the number of signing ceremonies but by the volume of capital that actually enters the economy between forums. The fifth, anniversary edition takes place at a moment when the country is simultaneously launching an international financial centre, adopting an alternative investment funds law, and receiving a sovereign rating upgrade – a convergence that creates a window of opportunity for investors prepared to operate in frontier markets with a growing institutional base.

The exhibition will bring together more than 100 companies and brands from 12 countries.

The specialised international exhibition of the beauty, cosmetology, and perfumery-cosmetics industry – Beauty Uzbekistan 2026 – will take place from April 28 to April 30 at the CAEx Uzbekistan exhibition complex in Tashkent.

Beauty Uzbekistan is a professional B2B exhibition that brings together manufacturers and distributors of cosmetic products, aesthetic medicine specialists, retail representatives, salon business owners, and professionals in the personal care sector. The exhibition provides direct access to leading global brands, innovative products, and cutting-edge technologies, while offering valuable opportunities to establish business connections, and gain early insight into key trends in the beauty industry.

The exhibition will feature more than 100 companies and brands from 12 countries: Azerbaijan, China, Georgia, Italy, Kyrgyzstan, Republic of Korea, Poland, Russia, Sweden, Spain, UAE, and Uzbekistan. National pavilions from the Republic of Korea and Poland will showcase advanced beauty industry solutions and the export potential of these countries.

According to the organizers, the main sections of the exhibition are:

- Beauty Uzbekistan – covering the full spectrum of the perfumery and cosmetics industry, including makeup and skincare cosmetics, fragrances, personal care products, and hair industry products.

- Beauty Derma Central Asia – a dedicated segment focused on aesthetic medicine, device-based cosmetology, and anti-ageing solutions. This section of the exhibition will present advanced technologies for clinics and industry professionals, including injectable treatments, as well as next-generation laser and energy-based technologies.

Traditionally, the exhibition will feature a comprehensive business programme, including specialised seminars, expert-led sessions, and professional discussions.

Dedicated programme segments will address key developments in aesthetic medicine, balneology, and SPA industry, including scientific approaches in aesthetic medicine (CYTOLIFE / MedTenderGroup, Russia), as well as advanced solutions in balneological equipment and hydrotherapy technologies (Physiotechnika, Russia).

A specialised session on fragrance solutions presented by the Swiss Company LUZI may be of particular interest to industry professional and household chemical manufacturers.

Beauty Uzbekistan 2026 is more than just an exhibition — it is a dynamic professional platform where business, medicine, technology, and the latest beauty trends converge. 

The event is organised by Iteca Exhibitions, an international exhibition company, in partnership with ICA Eurasia Group, informed that one can register to visit the exhibition on the website: www.beautypro.uz.

IA “Dunyo”