Annotation. The Ferghana Valley is the historical heart of Central Asia, where a new model of regional cooperation based on trust, good neighbourliness and sustainable development is currently taking shape. The initiative
of the President of Uzbekistan Shavkat Mirziyoyev to hold the Ferghana Peace Forum reflects a common desire among the countries of the region to strengthen mutual understanding and create the area of peace, stability, and shared prosperity.

INTRODUCTION

Historically, the Fergana Valley was a shared space where countries used common resources and people kept close ties. For centuries, the valley was
at the crossroads of key trade routes connecting the West and the East.

The establishment of an atmosphere of good neighbourliness
 in the Ferghana Valley reflects positive developments throughout Central Asia. Essentially, this is the result of political will, a concentrated expression
of the joint efforts of the leaders of all five countries to maintain security
and stability in the region.

Holding the Fergana Peace Forum in Fergana on October 15–16, 2025, confirms the statement made by the President of Uzbekistan at the 80th session of the UN General Assembly about the transformation of Central Asia into
an area of peace, friendly relations and partnership.

FROM A ZONE OF TENSION TO A SPACE OF TRUST

In the early years of independence, unresolved border issues and
the existence of numerous ethno-territorial enclaves served as grounds
for viewing the region as a conflict zone.

However, today, thanks to the political will and joint efforts of the leaders
of states, the Fergana Valley, previously perceived as a “powder keg,”
“Achilles' heel,” and “hot spot,” is becoming a symbol of peace, sustainable development, and a space of opportunity.

In recent years, Uzbekistan, Tajikistan and Kyrgyzstan have made significant progress in diplomacy and establishing stable political contacts.

The visits of the countries' leaders and their participation in regional forums and organizations such as the Shanghai Cooperation Organization
and the Consultative Meeting of the Heads of Central Asian States contribute
to the deepening of political and economic ties. The development of bilateral
and multilateral relations in the political sphere has helped to create a solid foundation for regional integration and mutual support.

Moreover, all five Central Asian countries contribute to the sustainable development of the Ferghana Valley. Joint water and energy projects are being implemented. In January 2023, Uzbekistan, Kazakhstan and Kyrgyzstan signed
a “”Road Map” for the implementation of the Kambarata HPS-1 construction project, and in June 2024, an interdepartmental agreement on preparations
for the implementation of the project.

A new phase of regional diplomacy began in 2017 with the election
of Shavkat Mirziyoyev as the President of the Republic of Uzbekistan. Relations
with neighbouring countries reached a qualitatively new level. Dialogue based on the principles of openness, respect, and equality laid the foundation
for long-term friendly coexistence.

Thanks to the political will of the leaders of the three states—Uzbekistan, Kyrgyzstan, and Tajikistan—historic agreements were reached in 2025
with the signing of the Treaty on the Junction Point of the State Borders
of  Three States and the Khujand Declaration on Eternal Friendship.
These documents became a symbol of a new era of trust and creative partnership. The treaty legally established the borders of the three states
at a concrete point in the Ferghana Valley.

This breakthrough did not come unexpectedly, without preparatory work. In the preceding months, on March 13, 2025, Kyrgyzstan and Tajikistan signed an important agreement on the demarcation of their common border—the final stage of their long negotiations.

Kyrgyz President Sadyr Zhaparov noted that regional integration continues to develop actively, and the strengthening of cooperation
in all spheres will be the key to sustainable development and prosperity throughout Central Asia.

In turn, Tajikistan President Emomali Rahmon called the development
of relations between the three countries based on the principles of good neighborliness, equality, and mutual respect one of the priorities of Tajikistan's foreign policy.

The international community particularly highlights the indispensable role of Uzbekistan's President Shavkat Mirziyoyev, who initiated a new diplomatic line: "Borders should not divide, but unite our peoples."

This approach creates a model for peaceful transformation, where internal rather than external factors shape the architecture of trust, friendship, and good neighbourliness.

The formation of the area of stability and cooperation in Ferghana Valley was achieved without external involvement, solely through the strong political will of the leaders of the three states, combined with the desire of the peoples
of the region for peaceful coexistence, creating a solid foundation for lasting peace and prosperity.

Ferghana Valley – an “exemplary model” for building inter-state relations in other regions

The Ferghana Valley is one of Central Asia's unique oases – a place where the destinies of the peoples of Uzbekistan, Kyrgyzstan, and Tajikistan have intertwined. More than 17 million people live here, accounting for 20%
of the total population of Central Asia, which is around 83 million.

Today, the valley is gradually becoming a symbol of the new Central Asia – a region where borders are not barriers, but bridges of interaction.
The development of transport, trade, and humanitarian ties between Uzbekistan, Kyrgyzstan and Tajikistan paves the way for the formation of a single space
for interaction in the name of common prosperity.

Joint infrastructure and economic projects, the restoration of roads
and railways, the development of border logistics hubs, and the modernization of checkpoints are creating conditions for the free movement of people, goods, and ideas.

Communications between the Ferghana Valley and the outside world are actively developing. Today, it is being integrated into international multimodal transport corridors and is gradually regaining its status as an interregional transit hub connecting East and West.

In this regard, the China-Kyrgyzstan-Uzbekistan railway project is of great importance. If implemented, it will have a multiplier effect on the economies
of all countries in the region.

The railway will provide access to the ports of the Persian Gulf
and the Pacific Ocean, open up new markets, thereby diversifying the economy and creating new jobs.

Visa regimes are being simplified and the throughput capacity at border crossing points is being improved, which will encourage more mutual travel
by citizens.

Uzbekistan maintains a visa-free regime with all Central Asian countries except Turkmenistan. In particular, there are currently 17 border crossing points between Uzbekistan and Tajikistan and 25 between Uzbekistan
and Kyrgyzstan. In 2016, there were only 13 between Uzbekistan
and Kyrgyzstan, and all of them operated with restrictions. For example, currently, up to 20,000 people pass through the Dustlik checkpoint
on the Uzbek-Kyrgyz border every day, which is 100 times more than in 2016.
At the same time, the number of vehicles passing through has increased tenfold, reaching 700 per day.

The Mingtepa and Khanabad border checkpoints were opened in 2023, and the Uchkurgan and Karasu checkpoints in 2024. These points had been closed since 2009-2010.

Today, citizens of Uzbekistan and Kazakhstan can travel to each other's countries for up to 30 days without registration. A visa-free regime
for up to 60 days has been established between Uzbekistan and Kyrgyzstan,
and since September 1, 2023, it has been possible to use ID cards
(instead of foreign passports) for mutual travel between the two countries.

The time required for goods and people to cross the border has been reduced to an unprecedented eight minutes. In turn, citizens of Tajikistan
and Uzbekistan can stay in each other's territory for up to 30 days
without a visa. This, in turn, contributes to the intensification of cooperation
and improved mutual understanding between the peoples of the Fergana Valley.

On the whole, a common space is forming in the Ferghana Valley, as it has throughout history. The restoration of the valley's interconnectedness contributes to the stability and sustainable development of the entire region.

The international community's keen interest in these processes confirms that Central Asia is becoming an important center for the formation of a culture of peace. The initiatives put forward by Uzbekistan have received support
from the UN, OSCE, EU, and other international partners, which strengthens
the legitimacy and sustainability of regional efforts.

The Ferghana Peace Forum has a special place in this process—it's not just a diplomatic meeting, but a platform for developing a new philosophy
of regional cooperation. This forum brings together political leaders, experts, and public figures, offering an open dialogue on strengthening peace, trust,
and sustainable development in Central Asia.

 The event will enable the countries of the region to independently shape their own architecture of stability and sustainable development, based
on mutual respect and the desire for a better future for new generations.

CONCLUSION

The Ferghana Valley is gradually transforming into a space of peace
and harmony, where peoples find common ground and jointly strengthen
the region's stability.

The establishment of the atmosphere of friendship and
amicable relations in the Ferghana Valley shows that, even in today's turbulent global environment, ensuring stability in the region is an achievable goal. 

This process requires patience, wisdom, and willingness to make reasonable compromises. Uzbekistan, Kyrgyzstan, and Tajikistan have demonstrated these qualities and their ability, despite complex challenges,
to unite for common goals such as strengthening security and sustainable development.

In turn, the Fergana Peace Forum is called to become a permanent platform aimed at strengthening dialogue and trust, ensuring sustainable development of the Ferghana Valley, unlocking economic potential,
and strengthening cultural and humanitarian ties. This meeting reflects the unity of the countries in the region, which are determined to build a common future together.

Authors: Diloram Mukhsinova and Bekhzod Alimjanov,

senior researchers at the Center for Foreign Policy Studies

(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

The formula of "comprehensive strategic partnership" in relations between Uzbekistan and Türkiye has in recent years ceased to be merely a diplomatic definition and increasingly reflects the actual substance of bilateral cooperation. Political dialogue, economic collaboration, humanitarian contacts, and transport connectivity form the stable pillars of systemic Uzbek-Turkish relations.

Analysis of the current state of partnership between the two countries confirms that Tashkent and Ankara have successfully established an institutional architecture for comprehensive strategic partnership. The key mechanism of bilateral interaction is the High-Level Strategic Cooperation Council co-chaired by the presidents of both states, with its fourth meeting scheduled for 2026. This format ensures systematic political dialogue and coordination of joint efforts across a broad spectrum of areas.

An important factor in the effective functioning of this institutional system is the active and trusting dialogue between Presidents Shavkat Mirziyoyev and Recep Tayyip Erdoğan, maintained through regular telephone conversations and meetings on the sidelines of international events. Such dynamics impart a personal dimension to strategic interaction and create a favorable environment for deepening practical cooperation at the levels of governments, businesses, and expert communities of both countries.

Uzbek-Turkish relations gain an additional dimension through cooperation within the Organization of Turkic States (OTS). The participation of Tashkent and Ankara in this organization's activities allows bilateral initiatives to be elevated to a broader regional level and to find synergy with other countries of the Turkic world. OTS summits, including those held in 2025, have demonstrated participants' commitment to giving practical substance to cooperation from economy and transport to culture and digital development.

For Uzbekistan and Türkiye, this creates opportunities for advancing joint projects, harmonizing approaches to the regional agenda, and strengthening their positions in a broader geopolitical space.

Uzbek-Turkish cooperation carries significant regional and international dimensions. During a meeting in the "4+4" format in January 2026, the parties discussed regional and international issues, including the situations in Afghanistan, Gaza, Ukraine, and Syria. This demonstrates the two states' intention to coordinate their positions on key items of the international agenda.

Against the backdrop of strengthening political understanding and institutional consolidation of Uzbek-Turkish partnership, the economic component of bilateral relations acquires particular importance, becoming a key driver for their further development.

Trade and economic cooperation between Uzbekistan and Türkiye has demonstrated consistent progress in recent years. The target of raising bilateral trade turnover to USD 5 billion in the medium term and to USD 10 billion in the longer term remains relevant and reflects the potential of bilateral ties. Trade volume in 2025 exceeded USD 3 billion, indicating significant progress compared to figures from eight years prior.

Particularly noteworthy is the structure of economic interaction. The relationship involves not only trade but also the formation of a stable investment presence. By the end of 2025, more than 2,100 enterprises with Turkish capital participation were operating in the country a testament to the establishment of a sustainable Turkish business ecosystem in Uzbekistan and one of the highest figures among Uzbekistan's foreign partners. The dynamics of direct investment from Türkiye clearly confirm the progressive strengthening of this area of cooperation: USD 2.2 billion was invested in Uzbekistan in 2024, and USD 2.9 billion during January–October 2025.

The parties are conducting systematic work to expand economic cooperation. In particular, during the 4th meeting of the Joint Strategic Planning Group held on January 21, 2026, progress was noted in implementing the Action Plan of the 8th meeting of the Joint Economic Commission (JEC). The key role of the JEC as an effective mechanism for developing practical trade and economic cooperation between Uzbekistan and Türkiye was emphasized.

For Uzbekistan, cooperation with Türkiye is valuable in that Turkish businesses bring not only capital but also managerial expertise, technologies, and production culture. For Türkiye, the Uzbek market is attractive as a dynamically developing economy with a population exceeding 38 million and growing domestic demand. In this sense, interaction increasingly takes on the character of mutual complementarity.

One of the notable trends of 2025 was the development of transport connectivity between the two countries, primarily in the aviation sector. The number of weekly flights reached 97, with routes expanding to 8 destinations. The broadening of geography and frequency of direct flights between Tashkent, Samarkand, Namangan, Andijan, Ankara, Istanbul, and Izmir promotes growth in business mobility, tourist flows, and humanitarian contacts. The launch of new routes by both national and private carriers became an important practical step toward further rapprochement.

The increase in flight numbers offers not only passenger convenience but also broader economic effects. It facilitates contacts between entrepreneurs, simplifies participation in exhibitions and negotiations, and makes accompanying joint projects more accessible. Prospectively, this also creates prerequisites for developing air cargo transportation, which could further strengthen trade and economic ties.

Energy cooperation also demonstrates positive dynamics. Turkish companies are actively participating in modernizing Uzbekistan's energy infrastructure, including projects for developing renewable energy sources.

Particular emphasis must be placed on the special role of cultural and humanitarian interaction in developing bilateral relations. Common historical, cultural, and linguistic roots create a favorable foundation for expanding cooperation in education, science, culture, and tourism. Branches of leading Turkish universities operate in Uzbekistan, joint educational programs are implemented, and student and faculty exchanges take place.

Tourist exchange between the two countries shows sustained growth. By the end of 2025, Türkiye entered the top five countries by number of tourists visiting Uzbekistan. In turn, Türkiye remains one of the most popular tourist destinations for Uzbek citizens. Development of tourism ties contributes to strengthening intercultural dialogue and people-to-people diplomacy.

These figures reflect not only the attractiveness of the Turkish tourism market but also the general expansion of population mobility. In the long term, it is precisely cultural and humanitarian ties that form the solid social foundation of bilateral partnership.

Analysis of 2025 dynamics allows identification of several directions that could become key to further deepening Uzbek-Turkish partnership:

First, development of industrial cooperation. The existing network of joint enterprises could become the basis for more complex projects oriented not only toward the domestic market but also toward exports to third countries. Such an approach corresponds to the strategic objectives of both economies.

Second, transport, logistics, and infrastructure. Expansion of air connectivity is an important step, but the potential for cooperation in this sphere is significantly broader and includes development of multimodal transportation, warehousing infrastructure, and digital trade solutions.

Third, services and human capital. Türkiye possesses considerable expertise in tourism, medicine, construction, and education. For Uzbekistan, interaction in these areas opens opportunities not only for adopting experience but also for jointly entering regional markets.

Uzbek-Turkish relations are developing on a positive and constructive basis, confirming the maturity and stability of bilateral interaction. The parties demonstrate readiness for dialogue, pragmatism, and a commitment to considering mutual interests. The growing number of joint enterprises, expanding transport links, increasing tourist flows, and stable political dialogue form a solid foundation for further development of cooperation.

Alisher Kadirov,

Head of Department of the Institute of Strategic and Regional Studies under the President of the Republic of Uzbekistan

Interview of Akramjon Nematov, First Deputy Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan (ISRS), with Dunyo IA.

- The historic state visit of the President of Uzbekistan to the Kyrgyz Republic has once again drawn considerable attention within the expert community to the construction of the China–Kyrgyzstan–Uzbekistan railway. What place did this project occupy during the high-level talks in Bishkek and which aspects were at the center of the discussions between the two leaders?

- Indeed, recent state visit was truly a historic event, opening a new chapter in the development of Uzbekistan–Kyrgyzstan relations. The high-level talks took place in an atmosphere of unprecedented trust, mutual understanding, and strategic partnership, confirming that bilateral cooperation has advanced to the fundamentally new level of an alliance.

A central item on the agenda was the practical implementation of what is already widely referred to as the “project of the century” - the China–Kyrgyzstan–Uzbekistan railway. Following many years of discussion, the project has entered the active construction phase and the two leaders held detailed discussions on the progress of this unprecedented undertaking.

Of particular significance was President of Uzbekistan Shavkat Mirziyoyev's emphasis on the need to accelerate construction of the China–Kyrgyzstan–Uzbekistan railway, describing it as one of the key drivers of the region's long-term economic development.

In essence, this is far more than another infrastructure project. A new architecture of Eurasian connectivity is taking shape - one that will enable Central Asia to strengthen its strategic agency, expand access to global markets, and diversify its external economic ties. This explains why the two leaders devoted such close attention to coordinating the practical implementation of the project and to the further development of regional transport infrastructure.

It is equally important to note that, thanks to close coordination at the highest political level, construction is progressing ahead of the original schedule. Although initially planned to take at least five years, the project is now expected to be completed one year earlier than originally anticipated.

This reflects an exceptional level of resource mobilization. More than 10,000 specialists and over 7,000 pieces of heavy construction equipment are already engaged on site. The railway is opening an entirely new chapter in the development of Central Asia, fundamentally reshaping both the geopolitical and geoeconomic landscape of the region.

- What is the geoeconomic significance of this corridor for Eurasia as a whole, and how will it transform the position of the region, particularly Uzbekistan and Kyrgyzstan?

- Project fundamentally redraws the transport and logistics map of Eurasia by creating the shortest and most efficient overland route between East and West a modern “Iron Silk Road”.

Traditionally, Central Asia has been viewed in global trade primarily as a landlocked region with limited transit potential. The commissioning of this railway will transform the region from a logistical cul-de-sac into one of the principal crossroads of Eurasian trade.

Projected annual capacity of the new railway will reach 15 million tonnes. To appreciate its scale, it is worth noting that the entire railway network of Kyrgyzstan transported 10.5 million tons of cargo in 2025. In other words, once the railway reaches its designed capacity, the China–Kyrgyzstan–Uzbekistan railway alone will be capable of handling a greater freight volume than the current throughput of Kyrgyzstan's entire national railway system.

For Uzbekistan, project represents a major step toward consolidating its position as a regional transit hub, providing direct and secure access to the markets of South Asia, the Middle East and, ultimately, Europe.

For Kyrgyzstan, it will facilitate the large-scale economic integration of previously hard-to-access mountainous regions, create new jobs, and stimulate national economic development.

Railway will shorten the route from China to Europe and the Middle East by approximately 900 kilometres, while reducing cargo delivery times by seven to eight days, thereby decreasing dependence on the limited number of northern and maritime transport corridors.

However, project's significance extends well beyond shorter routes and faster delivery times. Railway is becoming a key element in shaping the new economic geography of Central Asia. It will transform the region from a passive transit area into an active organizer of Eurasian transport flows. This fundamentally changes the position of our countries within the global economy.

- How does this railway fit into the broader architecture of Eurasian connectivity alongside the Middle Corridor, Trans-Afghan routes and transport corridors through Iran?

- Rather than competing with other transport routes, it complements them by forming a single, integrated network of connectivity. First, the railway will connect directly with the Middle Corridor or Trans-Caspian International Transport Route (TITR), creating a seamless freight corridor linking China through Kyrgyzstan and Uzbekistan, across the Caspian Sea and onward to the Caucasus and Europe.

Second, by integrating with the emerging Trans-Afghan transport projects and Iran's transport network, the railway will create a powerful north-south and east-west transport crossroads. Central Asia will become a pivotal hub for continental trade, where cargo flows from China to South Asia, the Middle East, and Europe converge.

Looking at the broader picture, it becomes clear that integrating the China–Kyrgyzstan–Uzbekistan railway with the Middle Corridor, Trans-Afghan route and transport links through Iran will establish an entirely new system of Eurasian connectivity.

Central Asia will no longer depend on just one or two external transport routes. Instead, it will gain the flexibility to redistribute trade flows across multiple corridors simultaneously. This will significantly strengthen the region's economic resilience while enhancing its strategic autonomy.

The greater the number of complementary transport corridors available to Central Asia, the greater its ability to determine its own development trajectory and the less vulnerable its economies will be to external geopolitical disruptions.

That is why this project should be viewed not merely as a transport initiative, but as a long-term investment in the resilience of Central Asia as an integrated economic space.

- You mentioned that, in the future, this corridor is expected to connect with the Trans-Afghan route. How is the implementation of the Termez–Naibabad–Maidanshahr–Logar–Kharlachi railway progressing today, and what impact could the success of the “project of the century” have on it?

- Work on the Trans-Afghan railway is also moving forward steadily. Active practical efforts are underway, and following the completion of field surveys, the feasibility study for this major transport corridor is expected to be finalized by the end of the year.

At the same time, the rapid pace of construction of the China–Kyrgyzstan–Uzbekistan railway and the scale of resources committed to the project clearly demonstrate Uzbekistan's capacity to successfully implement some of the world's most complex cross-border infrastructure projects.

The success of this “project of the century” significantly strengthens our engineering and organizational capabilities, demonstrates the country's unwavering political commitment and serves as a powerful catalyst for future initiatives.

Practical implementation of the China–Kyrgyzstan–Uzbekistan railway has established an exceptionally high benchmark in terms of both pace and execution, creating strong positive momentum for advancing the Trans-Afghan railway, which will provide Central Asia with the shortest overland access to the ports of the Indian Ocean.

- Some observers argue that the railway will primarily serve as a transit corridor. Will it also become a driver of industrial development and economic growth, particularly in the Fergana Valley?

- It is a misconception to view the railway solely as a transit pipeline for foreign goods. The project has been designed as both a multimodal transport corridor and an industrial development framework. Alongside its transit function, the railway will become a powerful catalyst for the development of domestic industry and manufacturing. Growth zones are already emerging around the railway's key junctions.

A good example is the construction of the Makmal freight transfer station in Kyrgyzstan. It is being designed not merely as a technical railway facility but as a fully-fledged regional transport and logistics hub, incorporating cargo terminals, warehouses, manufacturing and processing facilities, and a wide range of service infrastructure.

Industry will benefit from reliable and efficient logistics for both raw materials and finished products, reducing transportation costs while enhancing competitiveness. The Fergana Valley will be among the principal beneficiaries of the project.

As one of the most densely populated and economically dynamic regions of Central Asia and historically the heart of the region - Fergana Valley has been presented with a unique opportunity to reclaim the pivotal role it played for centuries.

Historically, some of the most important branches of the Great Silk Road passed through this region. Today, thanks to the new railway, the Fergana Valley is once again becoming a center of Eurasian connectivity. Rather than remaining on the periphery of the regional transport system, the valley will evolve into a major production, logistics, and investment hub for the entire continent.

Running through Kashgar, Torugart, Arpa, Makmal, Jalal-Abad and Andijan, the railway will connect the key nodes of this macro-region, attracting investment, revitalizing cross-border trade and removing longstanding logistical bottlenecks. This fundamentally transforms the development model of border regions. Instead of peripheral territories, they will become dynamic zones of economic growth, industrial cooperation and business activity.

Ultimately, these developments elevate Uzbek–Kyrgyz relations to an entirely new level of alliance, where jointly overcoming some of the world's most demanding engineering challenges in the high mountains fosters profound mutual trust and transforms the border into a zone of peace and shared prosperity.

- Will this corridor also be used for passenger transport and what impact could it have on tourism and business?

- From the outset, the project has been designed not only as a freight corridor but also as a passenger railway. Its technical specifications provide for passenger train speeds of up to 120 km/h, even in the challenging mountainous terrain. In practical terms, this represents a genuine transformation. Businesspeople, engineers, and executives will be able to travel quickly and comfortably between the major commercial centers of China, Kyrgyzstan and Uzbekistan, helping to create a more integrated investment environment.

It is worth recalling that the number of joint ventures between Uzbekistan and Kyrgyzstan has already reached 450, and the launch of the railway is expected to stimulate business activity many times over. The railway will also connect the spectacular mountain landscapes of the Tian Shan, iconic destinations such as Issyk-Kul, the historic cities of the Fergana Valley, as well as Samarkand and Bukhara, through a single high-speed rail network. Tourists will be able to cross borders within a matter of hours, generating a substantial multiplier effect for tourism, the service sector, and people-to-people exchanges.

- Some experts have expressed concerns that the railway could simply turn Central Asia into a market for Chinese goods. How would you respond to such assessments?

- Such views are based on an outdated perception of Central Asia as merely a supplier of raw materials. Today's reality is fundamentally different.

First, the countries of the region are implementing ambitious industrialization programs. In recent years, Central Asia has recorded some of the highest rates of industrial growth across Eurasia. In Uzbekistan, industrial output has increased by more than 70 percent over the past eight years, while manufacturing production has nearly doubled. Today, the manufacturing sector accounts for around 80 percent of the country's total industrial output. The fastest-growing industries include machinery manufacturing, electrical engineering, chemicals, pharmaceuticals, metallurgy and textiles. At the same time, the production and export of higher value-added manufactured goods continue to expand steadily.

Kyrgyzstan has likewise demonstrated impressive industrial growth. In 2025, industrial production increased by 10.6 percent, while total industrial output has more than doubled over the past five years. Manufacturing accounted for 79.7 percent of the country's total industrial production. The strongest growth has been recorded in the food processing, chemical, pharmaceutical, construction materials, and manufacturing industries. Meanwhile, new production facilities, industrial zones, and logistics centres are being established to support international transport corridors.

Second, the benefits are mutual. Our countries will gain exceptionally fast access to China's market of more than 1.4 billion consumers, creating significant new export opportunities for agricultural products, textiles, non-ferrous metals, chemicals, electrical equipment, construction materials, and other value-added manufactured goods.

Moreover, during the recent state visit, considerable attention was devoted to the proactive development of modern industrial zones, logistics hubs and manufacturing facilities along the entire railway corridor. Uzbekistan's initiatives are specifically aimed at promoting joint manufacturing, industrial cooperation and the localization of new production chains - not at turning the region into a mere transit corridor.

In effect, a new industrial belt of Eurasia is taking shape, with Central Asia emerging not as a final consumer market but as an integral participant in global value chains. Consequently, the railway is needed not only to transport raw materials but increasingly to support the rapidly expanding industrial production of our countries. It is becoming far more than a transport corridor - it is laying the foundation for a new model of economic development in Central Asia based on industrial cooperation, higher value-added production, and deeper integration into the global economy.

- What has been accomplished on the ground so far and is there still scope to maximize the project's benefits?

- The scale of the work already underway is truly impressive and clearly demonstrates that the “project of the century” has entered its most intensive implementation phase. Construction activities are currently being carried out simultaneously at 83 of the 107 planned sites along the Kyrgyz section of the railway. More than 10,000 specialists and over 7,000 pieces of heavy construction equipment are working around the clock.

To appreciate the magnitude of this undertaking in the exceptionally challenging terrain of the Tian Shan Mountains, where construction is taking place at elevations exceeding 3,000 metres, it is enough to look at the figures. To date, more than 19.6 million cubic metres of earth have been excavated, including over 5.26 million cubic metres for the construction of the strategically important Makmal station.

At the same time, a network of 26 tunnels is under construction. More than 13.5 kilometres of the main tunnels have already been excavated, while excavation of the auxiliary adits has exceeded 51 percent of the planned volume. Approximately one-third of the tunnelling work is being carried out using advanced mechanized methods without the use of blasting technology. Construction is also underway on 38 of the 50 bridges envisaged under the project—equivalent to 76 percent of the total - with nearly 2,400 foundation piles already installed.

In other words, highly complex engineering challenges virtually unprecedented in the region - are being solved every day. The implementation of the project is simultaneously becoming the largest platform for training engineering specialists, introducing advanced construction technologies and developing new expertise in the transport sector.

Cooperation with Chinese partners, who possess world-class experience in delivering large-scale infrastructure projects under extremely challenging conditions, enables our specialists to master cutting-edge technological solutions that will subsequently be applied to other major infrastructure projects across Central Asia.

At the same time, the construction of the railway represents only the first stage of the initiative. It is equally important to begin creating the conditions that will allow the new transport corridor to generate the greatest possible economic benefits for all participating countries.

With this objective in mind, experts from the Project Office for the Development Strategy of International Digital Transport Corridors have prepared a number of practical initiatives aimed at maximizing the railway's operational efficiency.

One proposal calls for the establishment of neutral cross-border free technological zones along both the Kyrgyz–Chinese and Kyrgyz–Uzbek borders, operating under the principle of “one stop, one control”. Such an approach would substantially reduce border-crossing times while streamlining customs procedures.

A second initiative involves creating a modern cross-border free economic zone on the Kyrgyz–Uzbek border, incorporating logistics terminals, industrial facilities and processing industries. This would transform freight traffic into a source of higher value-added production, new employment opportunities, and integrated cross-border manufacturing value chains.

In addition, it has been proposed to establish a joint engineering and design bureau that would serve as a center for developing advanced technical solutions for the operation of high-altitude railways.

Another proposal envisions introducing a single digital transport document, integrating the railway administrations and customs authorities of the three participating countries into a unified digital system.

However, the project's greatest value extends far beyond transport infrastructure. The China–Kyrgyzstan–Uzbekistan railway is, in effect, creating a new model of regional development based on interconnected economies, industrial cooperation, technological partnership, and the joint utilization of the competitive advantages of our countries. It creates the conditions for Central Asia to move beyond its traditional transit role and emerge as an independent centre of manufacturing, logistics, and value creation.

Its political significance is equally important. Only a decade ago, the implementation of such an ambitious initiative would have seemed virtually impossible due to accumulated disagreements and a lack of trust among the countries of the region. Today, thanks to a consistent policy of good-neighbourliness, open dialogue, and mutual support, Central Asia is demonstrating an entirely new level of regional cooperation.

In this sense, the railway is becoming not only a symbol of transport connectivity but also a tangible embodiment of a new political culture in the region one founded on trust, pragmatism and shared responsibility for the future.

For this reason, the significance of the project will ultimately be measured not only by the millions of tons of cargo transported or the kilometres of railway constructed, but above all by the fact that it lays a durable foundation for the sustainable development, economic self-reliance, and strategic agency of Central Asia as a whole.

Sadullaev Qudrat Yusubbaevich
Chief Research Fellow of the Academy of Public Policy and Administration under the President of the Republic of Uzbekistan, Doctor of Law (DSc)

The contemporary system of international relations is being shaped by rapid geopolitical changes, growing fragmentation, disruptions in transport and supply chains, climate change, and increasing risks to food and energy security. Under these conditions, trust, dialogue and practical cooperation among states are becoming more important than ever. For Central and South Asia — two historically interconnected regions with significant yet not fully realized potential — connectivity has acquired not only economic, but also strategic, political and civilizational significance.

The initiative to strengthen connectivity between Central and South Asia, advanced by President of the Republic of Uzbekistan Shavkat Mirziyoyev, represents a timely response to this historical and geopolitical demand. Its core idea is that security cannot be ensured solely through military or political instruments. It must also be built through economic development, transport corridors, trade links, education, culture and human capital. In this sense, development is not merely a consequence of security; rather, it is one of its fundamental preconditions.

This approach gained institutional form in July 2021, when Tashkent hosted the high-level international conference “Central and South Asia: Regional Connectivity. Challenges and Opportunities” at the initiative of President Shavkat Mirziyoyev. The forum created an important political and expert platform for advancing interregional cooperation. Its international recognition was further demonstrated in 2022, when the United Nations General Assembly adopted the resolution “Strengthening Connectivity between Central and South Asia.” Initiated by the President of Uzbekistan and supported by more than 40 states, the resolution confirmed that Uzbekistan’s vision has significance not only at the national or regional level, but also for the wider international community.

The Termez Dialogue is a practical continuation of this diplomatic and intellectual process. Launched in May 2025, it has emerged as a permanent platform aimed at creating a stable, systematic and practice-oriented environment for cooperation between Central and South Asia. Its first meeting attracted considerable attention from the international expert community due to its broad participation, multilateral format and applied focus. The growing interest in this initiative was also reflected in the organization of a separate session on the Termez Dialogue during the Doha Forum in December 2025.

The second meeting of the Termez Dialogue, scheduled for 4–6 June 2026 in Tashkent, Termez and Samarkand, is expected to mark a new stage in the development of this platform. The main emphasis will shift from general conceptual discussions to the identification of specific priorities and practical mechanisms. In other words, the Dialogue is intended not only to exchange views, but also to generate concrete outcomes in political dialogue, economic connectivity, transport and logistics, climate adaptation, and cultural-humanitarian cooperation.

One of the key features of the Termez Dialogue is that it reflects Uzbekistan’s proactive, pragmatic and open foreign policy. Uzbekistan does not position itself as a state forced to choose between competing blocs, but rather as a reliable platform for dialogue among different regions, markets and civilizations. In this regard, the Termez Dialogue forms part of a broader system of initiatives, including the Fergana Peace Forum, the Samarkand Climate Forum, the Samarkand Solidarity Initiative, and proposals within the Shanghai Cooperation Organization on good-neighbourliness, trust and cross-border partnership.

Transport and logistics remain among the most important dimensions of connectivity between Central and South Asia. The countries of Central Asia are landlocked and therefore face structural limitations in accessing global markets. Diversifying transport routes, reducing logistics costs and facilitating access to external markets are essential for the region’s long-term economic development. According to available estimates, the level of transport connectivity of Central Asian states with external markets is around 60 per cent, while in the European Union and ASEAN countries it exceeds 95 per cent. In some cases, transport costs in Central Asia may reach up to 50 per cent of the final value of goods, which is several times higher than the global average.

In this context, the Trans-Afghan Corridor has strategic importance. It can provide Central Asian states with the shortest access to the ports of the Indian Ocean and link South Asia with the markets of Central Asia, Russia, China and Europe. This project is not limited to railway construction or transport infrastructure. It is also an instrument of regional economic integration, Afghanistan’s involvement in peaceful development processes, and the formation of a new trade architecture in Eurasia. Through this approach, Uzbekistan seeks to transform its geographical constraints into logistical advantages.

Afghanistan occupies a special place in this process. It is a natural land bridge connecting Central and South Asia. Uzbekistan’s policy toward Afghanistan is consistent and practical. Since 2021, Uzbekistan has sent 15 humanitarian convoys to Afghanistan, delivering more than 13,000 tons of humanitarian assistance. At the same time, bilateral trade and economic relations have been developing dynamically. In 2025, trade turnover between Uzbekistan and Afghanistan reached 1.7 billion US dollars, which is 55 per cent higher than the previous year. These figures demonstrate that Uzbekistan views Afghanistan not as a source of problems, but as an important participant in regional development and stability.

The choice of Termez as one of the central locations of this initiative is also highly symbolic. Historically, Termez has been a meeting point of trade, culture, science and religious traditions between Central and South Asia. The city played an important role in the history of Bactria, the Kushan Empire, the Great Silk Road and wider civilizational exchange. Today, Termez is becoming Uzbekistan’s southern gateway and a modern centre of practical cooperation with Afghanistan and South Asia.

There are concrete examples of this transformation. The Termez International Trade Centre, opened on 29 August 2024, covers 36 hectares and is located only 500 metres from the border with Afghanistan. A 15-day visa-free regime has been introduced within the centre. Its infrastructure includes more than 3,000 shops, customs facilities, banking services, public service centres and export-oriented platforms. The annual export potential of products represented in the trade zone is estimated at 1.2 billion US dollars. More than 1,000 local residents and about 140 Afghan citizens are employed there. This shows that connectivity is not an abstract political slogan, but a practical reality linked to jobs, exports, services and human livelihoods.

Another important example is the Termez Cargo Centre, an international transport and logistics hub operating since 2016. Located near the intersection of Afghanistan, Tajikistan and Turkmenistan, the centre has been used since 2021 by the United Nations World Food Programme and the Office of the United Nations High Commissioner for Refugees for delivering humanitarian cargo to Afghanistan. Thus, Termez is becoming not only a trade and logistics hub, but also an important point of humanitarian diplomacy.

The Educational Centre for Afghan Citizens, established in Termez in 2018, also reflects Uzbekistan’s long-term investment in human capital. The centre provides education for Afghan youth in 17 higher education fields and 16 vocational and secondary-specialized areas. Since its establishment, more than 800 Afghan citizens have studied there, including 200 girls and women. These figures demonstrate the importance of education and professional training in stabilizing Afghanistan. Peace is strengthened not only through political agreements, but also through an educated, skilled and socially active generation.

Another important dimension of the Termez Dialogue is climate and environmental sustainability. Central and South Asia are among the regions most affected by the consequences of climate change. Water scarcity, desertification, soil degradation, air pollution, glacier melting and natural disasters are not only national challenges, but also transboundary problems. Therefore, climate adaptation, rational use of water resources, early warning systems and the exchange of digital hydrological data should become integral components of cooperation between the two regions.

Uzbekistan is taking an active role in this field as well. The Samarkand Climate Forum, regional climate summits, the Green Agenda, the regional strategy for climate adaptation and environmental protection programmes are important steps in this direction. These initiatives show that Central Asia is no longer merely a region affected by environmental problems; it is increasingly becoming an active regional actor proposing practical solutions.

Cultural and humanitarian cooperation forms one of the deepest foundations of interregional connectivity. The peoples of Central and South Asia have been linked for centuries through shared history, trade routes, science, culture and spirituality. Today, the demographic potential of the two regions also creates major opportunities: more than 60 per cent of the population is under the age of 30. This opens broad prospects for cooperation in education, science, academic exchange, innovation and human capital development.

From this perspective, the Termez Dialogue is not only a meeting of diplomats and experts. It should also serve as a platform that opens new opportunities for young people, scholars, entrepreneurs, educational institutions, cultural actors and civil society representatives. Economic projects require trust, and trust requires closer ties, mutual understanding and cultural dialogue among peoples.

The planned visit to Samarkand also carries deep symbolic meaning. For centuries, Samarkand served as a centre of science, trade and diplomacy connecting East and West, Central and South Asia, the Middle East and Europe. The “Spirit of Samarkand” reflects openness, tolerance, dialogue and a commitment to shared development. In the diplomacy of President Shavkat Mirziyoyev, Samarkand has become a platform that connects Uzbekistan’s historical legacy with modern international initiatives.

In conclusion, the Termez Dialogue is not an ordinary international event aimed only at bringing Central and South Asia closer together. It is a strategic platform that reflects Uzbekistan’s new foreign policy thinking, regional responsibility and global initiative. Its foundation rests on three interconnected principles: trust through dialogue, cooperation through dialogue, and shared development through cooperation.

The international community is increasingly recognizing Uzbekistan’s efforts in this direction. The adoption of the UN General Assembly resolution, the support of more than 40 states, and the growing interest of international organizations, experts and regional partners in the Termez Dialogue clearly demonstrate this trend. Through this platform, Uzbekistan is building a new bridge of trust between Central and South Asia — a bridge strengthened by trade routes, railways, educational programmes, cultural ties and humanitarian initiatives.

Therefore, the Termez Dialogue should be viewed as an emerging architecture of interregional cooperation. It contributes to the formation of Central and South Asia not merely as neighbouring geographic spaces, but as a macro-region united by common interests, shared security and a common future. In this process, Uzbekistan acts as an initiator, organizer and reliable bridge between the two regions.

The text of the article is in Uzbek!

In the 21st century, the rapid development of global economic ties has further heightened the strategic importance of transport and logistics systems. From this perspective, strengthening transport cooperation among the member states of the Organization of Turkic States (OTS) —located in a key geoeconomic region connecting Europe and Asia—has become a priority.

Within the OTS framework, practical initiatives are being advanced to develop modern transport corridors, build up transit capacity, and create a single logistics space. This serves not only to deepen regional integration but also to ensure sustainable economic growth and connectivity across Eurasia.

The OTS countries are among Uzbekistan's primary trade and economic partners. Specifically, Uzbekistan maintains a large volume of trade with Kazakhstan, a free trade agreement with Azerbaijan, and most-favored-nation status with Turkey and Hungary.

In 2023, Uzbekistan's cargo transport volume with OTS member countries reached 17.5 million tons, accounting for nearly 38 percent of its total export-import shipments.

To further intensify multilateral cooperation within the Organization and strengthen the strategic partnership between its member states, the 12th Summit of the Organization of Turkic States was held on October 7, 2024, in Gabala, Azerbaijan, under the motto "Regional Peace and Security."

Following the summit, the parties adopted the 121-point Gabala Declaration. This document outlined a number of priority objectives for expanding cooperation in the political, economic, transport, communications, energy, and security spheres. The declaration paid special attention to the transport sector, identifying the further strengthening of transport connectivity between Europe and Asia, the enhancement of the region's transit potential, and the expansion of trade and economic ties as key tasks.

Additionally, the development of the Trans-Caspian International Transport Corridor (the Middle Corridor) was recognized as one of the organization's strategic priorities. Special emphasis was placed on increasing the efficiency of freight supply chains across Eurasia, diversifying transport routes, and enhancing the region's importance in the global logistics system by improving this corridor.

Furthermore, an agreement was reached at the summit to implement the "OTS+" format, aimed at expanding the geographical scope of cooperation between the Organization of Turkic States and external partners and third countries.

At this summit, the head of our state underscored the importance of connecting the Middle Corridor with the China–Kyrgyzstan–Uzbekistan railway and the Trans-Afghan Corridor, as well as digitalizing customs procedures and optimizing tariffs. The proposed initiatives were supported by the organization's member states, who expressed their readiness for joint work in these areas.

According to experts, the China–Kyrgyzstan–Uzbekistan railway is expected to create the shortest corridor from China to countries in Europe and the Middle East, reducing the distance by 900 kilometers and freight delivery times by 7–8 days.

The construction of the Uzbekistan–Afghanistan–Pakistan railway is another vital project for transregional cooperation. This project will link the South Asian railway system with the railway networks of Central Asia and Eurasia.

In recent years, as attention to the Trans-Caspian Corridor has grown, the volume of freight transported along it has been steadily increasing. In 2023, the transit of Uzbek cargo on this route through the Port of Baku exceeded 1.2 million tons, and there are plans to increase this figure to 1.5 million tons in the near future.

Uzbekistan is an active user of the strategic "China–Kyrgyzstan–Uzbekistan–Turkmenistan/Kazakhstan–Caspian Sea–Azerbaijan–Georgia–Turkey–Europe" route, which runs through the member states of the Organization of Turkic States (OTS). In cooperation with the OTS, special importance is attached to the development of this corridor. Specifically, large-scale work is underway to modernize infrastructure and coordinate logistics processes.

As the development and diversification of global logistics chains and transport corridors, along with the formation of a unified transit network, become particularly relevant, realizing the potential of the Organization of Turkic States is coming to the forefront.

Within the OTS framework, special attention is also given to implementing digital solutions in supply chains. In particular, an electronic permit exchange system (e-Permit) has been established among the Organization's member states, and the e-TIR system has been implemented with Azerbaijan. Alongside these efforts, solutions such as electronic customs, automated cargo tracking systems, and the "digital customs corridor" are being widely introduced in OTS countries.

The aforementioned initiatives are an important step toward creating a single transport space among the Turkic states. Through digital systems, new transport routes, and joint investments, the OTS countries are deepening their mutual integration and strengthening their positions within the Eurasian transport network.

IA “Dunyo”

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

To mark Defenders of the Homeland Day and the 34th anniversary of the Armed Forces of the Republic of Uzbekistan, a number of significant state events were held. Key events included an expanded meeting of the Security Council chaired by President Shavkat Mirziyoyev, a tour of the defense industry's production facilities, and the head of state's address to military personnel and compatriots.

In this regard, a correspondent of Dunyo IA approached Akramjon Nematov, First Deputy Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan, with a request to comment on the key outcomes of these events and the tasks outlined by the country’s leader:

- It's no exaggeration to say that today, the Supreme Commander-in-Chief of Uzbekistan laid the foundation for a new stage in the modernization of the national army—its high-tech transformation. I would even say that Shavkat Miromonovich's congratulations this year were not simply a tribute to tradition, but a kind of manifesto for the "New Look Army," where intelligence and technology must finally supplant outdated approaches to warfare. In the President's vision, security is not an isolated military task, but a multidimensional foundation for the sustainable development of the state in the digital age.

By analyzing the key messages of the head of state, one can trace a clear and consistent logic for the transformation of all elements of the public administration system.

The key innovation of the current stage of reforms lies in the recognition of the profound transformation of the very nature of modern warfare, in which technological superiority, rather than personnel numbers, is decisive. This is why the President of Uzbekistan has set the task of a large-scale doctrinal update: the development of a new version of the Defense Doctrine and the National Security Concept has been initiated. This is dictated by the need to adapt strategic documents to the conditions of hybrid threats while simultaneously maintaining Uzbekistan's non-aligned status and reliance on multilateral diplomacy. This sends a clear signal to the country about the predictability and sovereignty of the republic's course.

The central element of the updated strategy is the transition to a “proactive mode of operation,” in which the security system must not only respond to emerging threats, but also be capable of predicting risks in advance and neutralizing them at an early stage.

This intellectualization of security naturally requires a review of the Armed Forces' technical makeup. In this regard, the head of state initiated a thorough re-equipment of the army, prioritizing the implementation of artificial intelligence, robotic systems, and modern cybersecurity systems. It was emphasized that in modern conflicts, victory is achieved not by the number of bayonets, but by technological superiority and the speed of information processing. In this context, the digital transformation of the army becomes an undisputed priority. In other words, in modern warfare, intelligence is more important than mass, and victory is determined by the quality of technology and management.

At the same time, high technology demands a fundamentally new level of competence. Therefore, a true personnel transformation has been initiated: the army is being positioned not as a closed institution, but as a modern educational and technological platform. It is becoming a school of life and professional growth, as well as a driver of economic development. Every year, 5,000 conscripts will undergo training under the "One Million Programmers" and "Five Million AI Leaders" programs. This strategic move allows us to simultaneously address two objectives: increasing the army's cyber resilience and creating a pool of in-demand specialists for the country's economy.

Furthermore, the program provides for training soldiers in civilian professions, with the issuance of state-issued certificates upon completion of their service. For military personnel opening a business after demobilization, the state will reimburse 6% of the loan interest rate. Educational incentives are also being introduced: the opportunity to take university entrance exams directly at military units, interest-free student loans for those entering universities after service, and reimbursement of the costs of obtaining international language certificates. This approach reflects the current trend of developing "smart forces," in which the country's defenders are also qualified specialists in demand in the civilian sector.

In this way, the army is organically integrated into the civil society system, providing young people with real tools for personal and professional success.

For this model to function effectively, a solid social foundation is essential. Therefore, an unprecedented strengthening of social protection for military personnel has become a logical continuation of the reforms. The decisions to double officers' length-of-service bonuses and pay veterans pensions equal to 100% of their pay are, in my view, a strategic investment in the prestige of military service. Additionally, a 10% increase in pay for privates and contract sergeants is envisaged, as well as a 20% increase in the salaries of civilian defense personnel this year and a further 50% increase next year.

The President clearly demonstrates that the state takes full responsibility for the well-being of those who defend the Motherland, thereby raising the prestige of military service and strengthening the principle of unity between the people and the army.

The final element of this comprehensive strategy is achieving profound technological self-sufficiency. The modernization of the national defense-industrial complex, the creation of domestic military technology parks, and the development of unmanned systems production are aimed at minimizing external dependence. A visit to the Chirchik Aircraft Plant and defense technology parks clearly demonstrates that Uzbekistan is focusing on localization, a service economy, and the development of its own industrial base. The creation of a regional hub for Airbus equipment maintenance is not only a matter of prestige but also a practical step toward technological independence and integration into global production chains.

All this strengthens state sovereignty, enabling the effective protection of national interests by relying on its own innovative potential and competencies. At the same time, the military is becoming a driver of innovative development: technologies developed for defense purposes inevitably find application in civilian sectors.

In conclusion, it should be emphasized that the announced initiatives mark a definitive departure from outdated models. Essentially, we are witnessing the emergence of a new model of statehood, one in which high-tech sovereignty, intellectual capital, and social justice are integrated into a single strategy.

A highly mobile, technologically advanced army is being created, capable of effectively countering hybrid threats in the changing nature of warfare. The army serves not only as a shield for the state but also as a driver of education, the economy, and social mobility—a modern, pragmatic, and deeply national approach to development and security in the new global reality.

Dunyo IA

Uzbekistan's upcoming elections for the Legislative Chamber of the Oliy Majlis (Parliament) and the Councils of People's Deputies, scheduled for October 27th, are not just a routine event. They mark a significant milestone in the nation's democratic journey, introducing groundbreaking changes that promise to transform the electoral landscape. The recent meeting of the Central Election Commission unveiled several key innovations that will ensure greater efficiency, transparency, and inclusivity, making these elections a matter of global interest.

For the first time in the nation's history, the Legislative Chamber elections will employ a mixed electoral system, combining majoritarian and proportional representation. This change means that voters will elect seventy-five deputies directly, while another seventy-five will be chosen based on party votes. This system aims to create a more balanced and representative legislature, enhancing democratic legitimacy and ensuring a broader spectrum of political voices.

One of the most notable advancements in Uzbekistan's electoral system is the full digitization of election commission activities. The introduction of the 'E-Saylov' information system is a significant leap forward, revolutionizing the election process. This digital platform not only streamlines the process, reducing bureaucracy and document handling, but also ensures a smoother, more efficient, and transparent electoral experience. It automates interactions between election commissions, political parties, candidates, observers, and the media, providing real-time statistical data, candidate information, and interactive maps. This technological leap empowers voters with unprecedented access to essential election-related information, making the electoral process more inclusive and transparent.

Inclusivity is another cornerstone of these elections. New election legislation requires political parties to ensure that at least 40% of their candidates are women, a progressive move towards gender equality in political representation. This requirement not only aligns Uzbekistan with advanced democratic standards but also enriches the political discourse by incorporating diverse perspectives.

The elections are taking place in a context where the updated Constitution has significantly enhanced the powers of parliament and representative bodies. The Legislative Chamber's powers have increased from 5 to 12, and the Senate's from 12 to 18. Parliament's oversight functions over executive, judicial, law enforcement, and special services have also been expanded. Additionally, the leadership of local Councils of People's Deputies by hokims (governors) has been abolished, transferring 33 powers previously held by hokims to local Councils to increase their role in resolving critical state issues.

The slogan "My Choice—My Prosperous Homeland" not only captures the spirit of these elections but also reflects the unwavering commitment of Uzbekistan's leadership to democratic state-building and citizen empowerment. With over 120,000 election commission members, 70,000 citizens, and numerous international observers participating, the elections are set to be a transparent and inclusive process, further demonstrating this commitment.

In conclusion, Uzbekistan is setting a remarkable precedent with its upcoming elections by embracing technological innovation and inclusivity. These initiatives will undoubtedly pave the way for a more prosperous and democratic future, showcasing Uzbekistan’s dedication to advancing democratic principles and practices.

Eldor Tulyakov,

The Executive Director,

Development Strategy Centre (Uzbekistan)

In recent years, energy cooperation between Uzbekistan and the Republic of Korea has been acquiring a new strategic dimension. The two countries are brought closer by their shared interests in pursuing sustainable and green development amid global energy security challenges and climate change. The synergy between Korea’s advanced technological capabilities and Uzbekistan’s ongoing fundamental reforms is already producing tangible results across a number of strategic areas, including renewable energy, hydrogen energy, digital energy management systems, and the training of highly qualified engineering professionals.

The Legal Foundation for Cooperation

Institutional cooperation between the two countries in the energy sector was strengthened by the signing in 2021 of the Memorandum of Understanding on Cooperation in Energy Efficiency and Renewable Energy. This document provided an important legal framework for joint forums, training programmes, and technology-exchange initiatives that have been organized in recent years.

“Energy Value Networks Forum”: A New Stage in Energy Diplomacy

On May 28, 2025, the first Uzbekistan–Korea international energy forum, the Energy Value Networks Forum, was held in Tashkent with the participation of the Ministry of Energy of the Republic of Uzbekistan, the Ministry of Trade, Industry and Energy of the Republic of Korea, and the Korea Energy Agency.

The event was organized by Ajou University in Tashkent, the Korea Climate Change Institute, and the Energy Professionals Training Center. More than 200 participants attended the forum, including Won Do-yeon, Ambassador of the Republic of Korea to Uzbekistan, and Yeon Won-shin, head of the Korea Energy Agency. Experts from both countries exchanged views on reforms in the energy sector, advanced technologies, and promising areas for joint projects.

Building on this initiative, the second stage of the forum was held in Tashkent on June 30–July 1, 2026, organized by Korea Western Power and KOICA with the support of the Ministry of Energy.

The second forum was significantly broader in scope. Representatives of government agencies, international organizations, academic institutions, and the private sector delivered 12 presentations and discussed such modern areas as artificial intelligence-based energy management, battery energy storage systems (BESS), biomass-based cogeneration, monitoring, reporting and verification (MRV) of carbon emissions, electric vehicle battery recycling, and smart grid technologies.

The forum is helping to establish a strong foundation for long-term partnership between the two countries in the energy sector.

Green Hydrogen: First Steps Toward the Energy of the Future

One of the most promising areas of energy cooperation between Uzbekistan and Korea is the development of clean hydrogen energy. In this area, the Clean Hydrogen for Uzbekistan project is being implemented in cooperation with the Global Green Growth Institute (GGGI). The project is financed by the Korea Green New Deal Trust Fund (KGNDTF), established under the Ministry of Economy and Finance of the Republic of Korea.

On April 2, 2026, an event dedicated to the official launch of the project was held in Tashkent. The participants discussed the development of the institutional and technological foundations necessary for advancing clean hydrogen in Uzbekistan, strengthening national capacity, and developing the hydrogen market.

As part of the cooperation, from April 28 to May 1, specialists from the Ministry of Energy of Uzbekistan visited the Republic of Korea to study international experience, regulatory frameworks, and advanced technological solutions in the field of hydrogen energy. Particular attention was paid to hydrogen production and storage, its application within energy systems, as well as opportunities for implementing joint initiatives in this sector.

These efforts continued with a two-day seminar held in Tashkent on August 20–21 under the theme “Capacity Building for the Development of Clean Hydrogen Energy in Uzbekistan.” The event provided an opportunity to discuss international experience and technological approaches, with particular emphasis on expanding cooperation between Uzbekistan and Korea in the development of hydrogen energy.

Capacity Building and Technological Exchange

With the aim of bringing the knowledge and skills of sector specialists in line with international standards, specialized training seminars are being organized for employees of all regional departments of the Uzbekenergoinspektsiya, with the participation of experts from China’s Sinoma Energy, the Korea Climate Change Institute, the Korea Energy Agency, and the National Association of Energy Professionals of Uzbekistan.

These training programmes provide an in-depth examination of international experience in such areas as generating electricity from waste heat at large energy-consuming facilities, utilizing greenhouse gas emissions from industrial enterprises, conducting energy audits, and effectively commissioning solar photovoltaic power plants.

Upon completion of the courses, participants receive internationally recognized certificates of professional qualification.

Human Capital Development: The Foundation of Long-Term Partnership

One of the most sustainable areas of Uzbekistan–Korea energy cooperation is the training of young specialists. In this regard, cooperation with Korea’s leading energy corporation, KEPCO (Korea Electric Power Corporation), holds particular importance.

Under a cooperation programme between the Uzatom Agency under the Cabinet of Ministers of the Republic of Uzbekistan and KEPCO, young Uzbek citizens are pursuing master’s degrees at the prestigious KEPCO International Nuclear Graduate School (KINGS) in the Republic of Korea.

Students are admitted to the programme on a competitive, scholarship-based basis and receive advanced theoretical and practical training in nuclear energy and related engineering disciplines. The initiative is being implemented as part of Uzbekistan’s strategy to develop national human capital in the nuclear energy sector and is expected to contribute to expanding the pool of highly qualified specialists with international experience in the country’s future energy system.

Cooperation in Practice: The Example of Navoi Thermal Power Plant

Technological cooperation between the two countries is reflected not only in forums and training programmes but also in major practical projects.

One such example is the construction of a 650 MW combined-cycle gas turbine unit at the Navoi Thermal Power Plant. Once commissioned, the project is expected to generate 4.8 billion kWh of electricity and 200 Gcal of thermal energy annually, while saving approximately 870 million cubic meters of natural gas each year.

More than 2,400 specialists are working at the site, including foreign engineers operating high-tech equipment manufactured in Japan, China, India, and Korea. The project therefore represents a clear example of regional technological cooperation and the integration of advanced international engineering expertise.

Conclusion

The forums, educational programmes, research initiatives in clean hydrogen, and major infrastructure projects all demonstrate the multifaceted and promising nature of energy cooperation between Uzbekistan and Korea.

This partnership is being strengthened not only through the exchange of technologies and investment, but also through investment in human capital — in particular, the training of the engineers and scientists who will shape the energy systems of the future.

In the long term, this approach will contribute to ensuring that strategic cooperation between the two countries continues to develop on a stable, mutually beneficial, and sustainable basis.

Obidjon Dilmurodov
Chief Specialist
Ministry of Energy of the Republic of Uzbekistan