Uzbekistan, located in the heart of Central Asia, faces unique environmental challenges that require an integrated approach and strategic planning. In recent years, the country has been taking active steps to protect the environment by integrating sustainable development into national programs and projects. These efforts are not only aimed at improving the environmental situation in the country, but also make a significant contribution to solving global problems. Uzbekistan actively participates in global initiatives to combat climate change. The country ratified the Paris Agreement in 2016, committing to reducing greenhouse gas emissions and adapting to climate change.

Environmental policy issues play a key role on the agenda of the New Uzbekistan. Measures to transform the sphere of ecology and environmental protection to improve the activities of our ministry, actions to combat climate change and its consequences, a moratorium on tree cutting, the introduction of clean “green” energy, solid waste management, the development of “green” transport infrastructure, expansion networks of protected natural areas, measures to restore ecosystems and preserve biodiversity, combat desertification and drought, unify environmental legislation in accordance with international standards, supporting the introduction of modern information technologies, show positive trends.

One of the key aspects of Uzbekistan’s environmental strategy is the development of a “green economy”. The state program “Green Economy” for 2019-2030 is aimed at reducing the carbon footprint, increasing energy efficiency and developing renewable energy sources (RES).

Moreover, the government of Uzbekistan has set ambitious goals to increase the share of renewable energy sources in the country’s overall energy balance. As part of the Development Strategy “Uzbekistan - 2030” and subsequent plans. As President of Uzbekistan Shavkat Mirziyoyev stated at the third Tashkent International Investment Forum held in early may this year, our country strives to create more than 20 gigawatts of renewable energy capacity by 2030 and increase its share in the energy sector. balance up to 40 percent. These goals include the construction of new solar and wind power plants, as well as the modernization of existing energy infrastructure.

In 2019, the law “On Renewable Energy Sources” was adopted, which creates a legal basis for the development of the green energy sector. The law provides benefits and preferences for investors, which stimulates the attraction of both domestic and foreign investment.

The development of “green energy” in Uzbekistan is actively supported by international organizations and financial institutions. Cooperation with the International Renewable Energy Agency (IRENA), the World Bank, the Asian Development Bank and other structures plays an important role. Investments and technical support from these organizations contribute to the rapid implementation of innovative technologies and best practices in the field of renewable energy sources.

Just last year, together with the strategic partners of Uzbekistan - the companies Masdar, Gezhouba, China Energy”, large wind and solar power plants with a capacity of 1.4 gigawatts were launched. Also, together with ACWA Power, we began implementing a project for the production of “green” hydrogen.

Currently, work is underway on the implementation of 28 eight projects in this direction. It is noteworthy that these important projects are carried out exclusively through foreign direct investment on the basis of public-private partnerships.

Achieving global sustainable development goals is no less important for the country.

In Uzbekistan, in 2022, an updated Resolution of the Cabinet of Ministers “On additional measures to accelerate the implementation of National Goals and Objectives in the field of sustainable development for the period up to 2030” was adopted, which confirms Uzbekistan’s strong determination in achieving the global Agenda for the period up to 2030 year in a comprehensive partnership with all UN member countries to achieve sixteen national sustainable development goals.

The National Goals and Objectives in the field of sustainable development for the period until 2030, the Plan of Measures for the effective implementation of the National Goals and Objectives in the field of sustainable development for the period 2022–2026, as well as the National Development Strategies of Uzbekistan, approved by the Government of our country, serve the implementation of the Goals of Sustainable Development development.

The achieved results in implementing the national goals and objectives of Uzbekistan are generally approved and recognized by the international community.

The basic principle of the new Uzbekistan “In the name of the honor and dignity of man” is consonant with the UN principle on sustainable development “Leave no one behind”.

In the Interagency Ranking of Sustainable Development Goals published by the UN (SDR) in 2023, Uzbekistan took 69th place among 166 countries, increasing its ranking by 8 points.

The Voluntary National Reviews prepared in 2020 and 2023 on the implementation of the national Goals and objectives of sustainable development of Uzbekistan until 2023 were positively assessed by the UN.

Uzbekistan has achieved significant results on all Sustainable Development Goals, which were balanced and interconnected with the implementation of the “Strategy of Action for Five Priority Areas of Development of the Republic of Uzbekistan in 2017 - 2021”

An analysis of the current state of protected natural areas in Uzbekistan and current trends in this area shows that in recent years the number and area of protected natural areas in the country have been increasing. Reforms are being carried out in the forestry sector, as a result of which the amount of forest land in the country has noticeably increased.

In this context, the initiative of President Shavkat Mirziyoyev “Yashil makon” (“Green space”) has become a truly national project. The forest area in relation to the total land area of Uzbekistan has increased over 7 years from 8.3% to 8.7%. The share of protected areas increased 2.0 times.

Uzbekistan actively participates in international mechanisms for environmental protection and human development. Various initiatives are being implemented to preserve biodiversity, restore ecosystems in the Aral Sea region, protect the ozone layer and mitigate the effects of climate change, and waste management. There are also policies and programs aimed at ensuring people's access to healthy food and clean water. Uzbekistan cooperates with the European Union, its institutional bodies for environmental protection and sustainable development, as well as with individual states such as Germany, Finland, Turkey, and South Korea.

The country is a party to 14 international conventions, as well as more than 20 protocols, agreements and memoranda of understanding in the field of environmental protection and sustainable development.

Uzbekistan regularly takes an active part in the annual meetings of the UN Framework Convention on Climate Change. During the 27th meeting, held in 2022, the Uzbek delegation advocated consolidating efforts to achieve carbon neutrality, promoting renewable energy sources, climate change adaptation projects, combating desertification and land degradation, introducing water-saving technologies and other climate actions in Central Asia.

Another significant aspect was that the UN supported the initiative of President Shavkat Mirziyoyev to hold the first International Climate Forum in Samarkand in 2024, dedicated to climate change issues, which provides for a discussion of opportunities for international cooperation to reduce risks and threats in the Central Asian region and issues of attracting climate finance . During the 78th session of the UN General Assembly in September of this year. In New York, the President of Uzbekistan took the initiative to adopt the UN General Assembly resolution «Central Asia in the face of global climate threats: solidarity for common prosperity» and proposed discussing its main provisions at the Samarkand Forum.

Cooperation with the countries of Central Asia is critically important to address the many environmental challenges facing the region. Cooperation in this area contributes not only to improving the environmental situation, but also to strengthening regional stability and sustainable development.

Another significant aspect was that the UN supported the initiative of President Shavkat Mirziyoyev to hold the first International Climate Forum in Samarkand in 2024, dedicated to climate change issues, which provides for a discussion of opportunities for international cooperation to reduce risks and threats in the Central Asian region and issues of attracting climate finance . During the 78th session of the UN General Assembly in September of this year. In New York, the President of Uzbekistan took the initiative to adopt the UN General Assembly resolution “Central Asia in the face of global climate threats: solidarity for common prosperity” and proposed discussing its main provisions at the Samarkand Forum.

One of the most significant areas of cooperation between Uzbekistan and neighboring countries is water resources management. The transboundary rivers Amudarya and Syrdarya are vital for all countries in the region. Uzbekistan actively participates in international forums and initiatives aimed at the rational use of water resources and conflict prevention. Joint projects with Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan include modernizing irrigation systems, introducing water-saving technologies and improving water basin management.

The problem of the drying up of the Aral Sea is one of the most acute environmental disasters in the region. The Aral Sea region is of international importance. In the second half of the 20th century, the state of the Aral Sea entered a phase of instability. This period, caused by anthropogenic impact, is characterized by a decrease in the volume and flow of water, an increase in salinity, a decrease in fish biodiversity and other negative processes. The shrinking Aral Sea has a significant impact on the ecosystems of all neighboring countries, its critical situation extends directly to Turkmenistan, Kazakhstan and Uzbekistan, in particular to the Republic of Karakalpakstan, Khorezm, Bukhara and Navoi regions, and indirectly to Tajikistan and Kyrgyzstan.

Restoring the Aral Sea requires joint efforts of all coastal states. Uzbekistan actively cooperates with Kazakhstan within the framework of the International Fund for Saving the Aral Sea (IFAS), implementing projects on reforestation, improving water supply and combating dust storms. These measures not only help improve the environmental situation, but also help mitigate the socio-economic consequences of an environmental disaster.

Desertification and land degradation are a serious problem for the countries of Central Asia. Uzbekistan is actively participating in regional projects aimed at combating these phenomena. Collaborative efforts include planting shelterbelts, restoring pastures, improving land management and introducing sustainable agricultural practices. Cooperation with Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan allows for the exchange of best practices and technologies, which contributes to the effective fight against desertification.

Positive trends include the adoption of measures to increase the area of green space, a reduction in areas allocated for cotton and an increase in areas for growing vegetables, grains, fruits and fodder crops, as well as an increase in government support for the introduction of water-saving irrigation technologies.

Cooperation in the field of environmental education and knowledge exchange plays an important role in solving environmental problems in the region. Uzbekistan, together with neighboring countries, is implementing programs to increase environmental awareness of the population, train specialists and conduct joint research. This includes organizing conferences, seminars, training programs and exchanges of students and scientists. Such interaction contributes to the formation of a sustainable environmental culture and the training of qualified personnel to solve environmental problems.

Cooperation between Uzbekistan and the countries of Central Asia in the field of environmental protection is a key element of the regional sustainable development policy. Joint efforts to manage water resources, restore the Aral Sea, develop renewable energy sources, combat desertification and environmental education contribute not only to improving the environmental situation, but also to strengthening regional stability and prosperity. Uzbekistan continues to actively participate in international and regional initiatives aimed at solving common environmental problems, demonstrating its commitment to the principles of sustainable development and international cooperation.

In general, environmental protection in Uzbekistan is an integral part of the country’s sustainable development strategy. The measures taken to develop a green economy, combat climate change, protect water resources and promote sustainable agriculture not only improve the environmental situation in the country, but also make a significant contribution to solving global environmental problems. Uzbekistan demonstrates that an integrated and strategic approach to environmental protection can lead to a sustainable future, both nationally and globally.

The text of the article is in Uzbek!

Over the past decade, the socio-economic, cultural, humanitarian, scientific, and educational relations between the Republic of Uzbekistan and the countries of Central Asia have clearly demonstrated that the region's strategic partners have entered a fundamentally new stage of mutually beneficial cooperation.

Particularly noteworthy is the fact that the recent agreements and high-level meetings among the Presidents of the Central Asian states have provided a strong impetus to the development of educational transfer, scientific cooperation, joint innovation projects, and the modernization of systems for training highly qualified specialists.

It should be emphasized that geopolitical stability, economic prosperity, and sustainable development in Central Asia are directly dependent upon the quality of good-neighborly relations among the countries of the region. Since 2016, the incorporation of the principle of "Good Neighbourliness as a Foreign Policy Priority" into the foreign policy doctrine of the Republic of Uzbekistan has elevated cooperation with neighboring brotherly states to an entirely new strategic level.

For centuries, the peoples of Central Asia have been united by a common history, shared cultural heritage, religious traditions, and spiritual values. Today, in the era of globalization and the digital economy, these nations are advancing regional integration to a qualitatively new stage. The principal driving force behind this transformation is intellectual capital, embodied primarily in cooperation in the fields of higher education, science, and innovation.

Prior to 2016, relations among neighboring countries experienced a period of relative stagnation, with numerous long-standing issues remaining unresolved. However, thanks to the far-sighted foreign policy, effective diplomacy, and strategic leadership of the President of the Republic of Uzbekistan, historical barriers were overcome, opening a new chapter in regional cooperation. This breakthrough created a stable foundation for the significant expansion of educational, scientific, and cultural exchanges throughout Central Asia.

A compelling example of this transformation can be found in the rapidly developing partnership between Uzbekistan and the Kyrgyz Republic. The declarations on strategic partnership, friendship, and good-neighborly relations, together with numerous intergovernmental agreements signed during official visits of the two countries' leaders, have established a comprehensive legal framework comprising more than 200 bilateral legal and regulatory instruments.

Whereas bilateral trade amounted to only USD 150–200 million in 2016, by 2025–2026 it had exceeded USD 1 billion, reflecting the remarkable intensification of economic cooperation. The establishment of the Uzbekistan–Kyrgyzstan Development Fund has enabled the financing of dozens of industrial, logistics, and agricultural projects. Assembly plants producing automobiles under Uzbek brands have been launched in Kyrgyzstan, while joint ventures in textile manufacturing and the production of construction materials have also been established.

Furthermore, the commencement of the active construction phase of the China–Kyrgyzstan–Uzbekistan Railway is expected to fundamentally reshape the transport and logistics architecture of the entire Central Asian region, creating new opportunities for regional connectivity and economic integration.

During the same period, cooperation between the Ministry of Higher Education, Science and Innovation of the Republic of Uzbekistan and the Ministry of Education and Science of the Kyrgyz Republic underwent profound transformation. Since 2016, universities of the two countries have significantly expanded direct institutional cooperation, resulting in numerous bilateral academic initiatives.

Among the most significant achievements has been the establishment of the Forum of Rectors of Higher Education Institutions of Uzbekistan and Kyrgyzstan, which has evolved into one of the principal platforms for strengthening academic cooperation, promoting joint research, and expanding university partnerships between the two countries.

Over the past several years, Uzbekistan’s higher education system has evolved into one of the principal drivers of regional integration and is increasingly emerging as a leading educational and scientific hub of Central Asia.

Today, 3,020 students from the countries of Central Asia are enrolled in higher education institutions across Uzbekistan, reflecting the growing confidence of neighboring nations in the quality and international competitiveness of Uzbek higher education. This student community includes 1,554 citizens of Turkmenistan, 646 from Kazakhstan, 436 from Tajikistan, and 384 from Kyrgyzstan. Beyond acquiring professional knowledge and competencies, these students contribute to the formation of a common educational space through the exchange of academic, cultural, and intellectual experiences.

In order to provide practical support for regional integration, the Government of the Republic of Uzbekistan has introduced a system of state-funded scholarships for citizens of Central Asian countries. Under this initiative, 20 fully funded scholarships are allocated annually to each neighboring state, enabling talented young people to pursue higher education in Uzbekistan.

This initiative has become one of the most effective instruments of educational diplomacy, strengthening mutual trust, expanding people-to-people contacts, and fostering long-term humanitarian cooperation throughout the region.

A notable example of deepening academic integration is the establishment of the branch campus of Mukhtar Auezov South Kazakhstan University in the city of Chirchiq. During the initial stage of its operation alone, the branch enrolled 350 students, demonstrating the growing demand for cross-border educational opportunities.

As a reciprocal step toward strengthening bilateral cooperation, the National Research University “Tashkent Institute of Irrigation and Agricultural Mechanization Engineers” established its branch at the Kazakh National Agrarian Research University in Almaty. The branch currently educates 16 students in the fields of transboundary water resources management and agricultural innovation, drawing upon Uzbekistan's scientific schools, educational methodologies, and technological expertise.

Language and cultural cooperation has also become an important dimension of regional integration. Centers of Uzbek language and culture have been restored and expanded at higher education institutions in Osh and Jalal-Abad, while departments of Kyrgyz language and literature have resumed and broadened their activities at universities in Tashkent and Andijan.

These initiatives not only promote linguistic and cultural exchange but also contribute to strengthening mutual understanding, preserving shared historical heritage, and educating younger generations in the spirit of friendship, tolerance, and good-neighborly relations.

The expansion of academic cooperation has demonstrated that universities today perform a role far beyond their traditional educational mission. They increasingly serve as platforms for scientific diplomacy, intercultural dialogue, and regional cooperation, making a substantial contribution to sustainable development and long-term stability across Central Asia.

The powerful momentum of educational integration that has emerged across Central Asia has gradually expanded beyond the region, reaching the South Caucasus and, in particular, the Republic of Azerbaijan. Contemporary Uzbek–Azerbaijani cooperation in higher education, science, and culture stands as a vivid example of the growing strategic partnership between the two fraternal nations.

At present, 44 new bilateral agreements and memoranda of cooperation between higher education institutions of Uzbekistan and Azerbaijan have been prepared for implementation, laying a solid foundation for the further expansion of academic and scientific collaboration.

Currently, 51 Azerbaijani students are pursuing higher education in Uzbekistan, while 31 Uzbek students are enrolled at leading universities in Baku and Ganja. Although these figures may appear modest, they reflect the emergence of sustainable mechanisms for academic exchange and increasing educational mobility between the two countries.

Academic mobility has become one of the defining features of bilateral cooperation. In 2024, five students from Tashkent State Pedagogical University completed a period of study at Azerbaijan State Pedagogical University and Baku Slavic University, gaining valuable exposure to Azerbaijan's educational system, teaching methodologies, and academic environment.

During the same year, 15 students representing Termez State University, universities in Tashkent, and higher education institutions specializing in arts and culture participated in scientific conferences and international academic forums held in Azerbaijan, thereby strengthening scholarly communication and expanding professional networks between young researchers.

Reciprocal academic exchanges have also intensified. Eleven Azerbaijani professors and scholars visited Uzbekistan, delivering lectures in philology, psychology, and management for students and academic staff of Uzbek universities. These visits have significantly contributed to strengthening scientific dialogue and promoting the exchange of academic expertise.

A particularly promising area of cooperation is the joint initiative between the Tashkent Institute of Chemical Technology and the Baku Higher Oil School to develop innovative joint degree programmes in Petroleum Engineering and Chemical Engineering. The project is expected to combine the scientific and technological capacities of both countries while preparing highly qualified professionals capable of meeting the demands of modern industry and the global energy sector.

Cooperation between the Alisher Navoi Tashkent State University of Uzbek Language and Literature and the National Academy of Sciences of Azerbaijan has likewise continued to develop dynamically. Their partnership encompasses joint research projects, scholarly publications, academic conferences, and collaborative initiatives in the humanities, linguistics, and literary studies.

Humanitarian cooperation has also acquired a strong institutional dimension. Since 2019, the Muhammad Fuzuli Azerbaijani Center for Culture, Education and Research in Tashkent has become an important intellectual platform for students, researchers, and academics interested in Azerbaijani language, literature, history, and culture.

Similarly, the Alisher Navoi Research Center, established within the Nizami Ganjavi Institute of Literature of the National Academy of Sciences of Azerbaijan, has become a significant venue for collaborative research on Turkic literature, comparative philology, and shared cultural heritage.

Regular literary evenings dedicated to the works of Alisher Navoi and Muhammad Fuzuli have further strengthened cultural dialogue, inspiring young people in both countries to explore the rich literary traditions of the Turkic world and reinforcing a shared sense of historical and cultural identity.

These initiatives demonstrate that educational cooperation between Uzbekistan and Azerbaijan has evolved beyond conventional academic exchange. It has become a strategic instrument of cultural diplomacy, scientific partnership, and intellectual integration, contributing to the long-term development of both countries and to broader regional cooperation.

Another significant dimension of Uzbek–Azerbaijani cooperation has been the establishment of specialized academic and cultural centers dedicated to the preservation and promotion of the shared intellectual heritage of the Turkic world.

The Kara Karayev Center, established at the Uzbekistan State Institute of Arts and Culture, introduces students to the rich musical legacy of the distinguished Azerbaijani composer while fostering professional cooperation in the field of performing arts.

Likewise, the Khurshidbanu Natavan Center, opened at Termez State University, has become a symbol of Uzbekistan's profound respect for Azerbaijani cultural heritage and a tangible manifestation of the growing humanitarian partnership between the two countries.

A landmark event took place on 13 September 2024, when a new Center for Uzbek Language and Culture was officially inaugurated in the city of Ganja. The center is expected to play an important role in promoting the Uzbek language, literature, history, and national traditions among Azerbaijani students and scholars while strengthening people-to-people ties between the two nations.

Collectively, these educational, scientific, and cultural initiatives have gradually evolved into one of the fundamental pillars of cooperation within the Organization of Turkic States (OTS), contributing to the formation of a common intellectual and educational space across the Turkic world.

Regular dialogue among the ministries responsible for education and science within the Organization of Turkic States has further accelerated this process. In particular, the visits of Emin Amrullayev, Minister of Science and Education of the Republic of Azerbaijan, to Tashkent, together with discussions involving Nagif Hamzayev, Member of the Milli Majlis of Azerbaijan, have elevated to the policy agenda the establishment of a comprehensive system for teaching the Uzbek language to international learners, modeled on Türkiye's internationally recognized TÖMER framework.

The implementation of such an initiative would substantially expand opportunities for foreign students to study the Uzbek language while simultaneously strengthening Uzbekistan's educational diplomacy and enhancing the country's cultural influence throughout the broader Turkic region. Beyond language instruction, the project could become an effective mechanism for promoting Uzbekistan's higher education system, national heritage, and academic potential on the international stage.

More importantly, the Turkic states are today becoming increasingly integrated not only in political and economic terms but also as a unified scientific and intellectual community. Shared historical memory, common cultural values, and mutual aspirations for innovation are gradually giving rise to a common educational ecosystem capable of generating new knowledge, technologies, and human capital.

Only a few years ago, the concept of a "common intellectual home" existed primarily as a strategic vision. Today, however, this vision is becoming a tangible reality within university classrooms, research laboratories, joint scientific projects, and international academic exchanges. Students, researchers, and faculty members have emerged as the principal architects of this transformation, strengthening academic cooperation through everyday collaboration and knowledge sharing.

The students who are currently studying in neighboring countries within an atmosphere of mutual trust, friendship, and respect will become tomorrow's scientists, engineers, policymakers, entrepreneurs, and innovators. They will jointly address such strategic challenges as regional economic security, transboundary water governance, environmental sustainability, food security, technological modernization, and scientific advancement.

From this perspective, educational integration in Central Asia should not be regarded merely as another dimension of humanitarian cooperation. Rather, it represents a long-term strategic investment in the formation of a single competitive intellectual space, capable of enhancing regional resilience, promoting sustainable development, and increasing the global competitiveness of Central Asia in the twenty-first century.

Ultimately, the future of regional integration will depend not only on infrastructure projects, trade agreements, or political dialogue, but also on the ability of the countries of Central Asia and the broader Turkic world to cultivate a new generation of highly educated, globally competitive professionals united by common values, shared responsibility, and a collective vision for regional prosperity. In this regard, cooperation in higher education, science, and innovation should be viewed as one of the most effective strategic instruments for ensuring lasting peace, stability, and sustainable development across the region.

Fazliddin MUMINOV,

Head of Department

Ministry of Higher Education, Science and Innovation

of the Republic of Uzbekistan

The state visit of the President of the Republic of Korea Yoon Seok-yol at the invitation of the President of the Republic of Uzbekistan Shavkat Mirziyoyev has ended.
During the three-day visit, high-level talks were held, at the end of which the leaders signed a joint statement on further deepening and comprehensive expansion of the Special Strategic Partnership. A bilateral set of documents was received.
The heads of state participated in a joint business forum with the participation of representatives of leading Korean companies and banking and financial institutions.
The presidents visited the Technopark in Tashkent and got acquainted with the existing potential for industrial cooperation.
Today, the dialogue between the heads of state continued in Samarkand. The presidents and their wives got acquainted with the historical and architectural masterpieces of the ancient city.
After the end of the visit, President Yun Sok Yol and his wife were escorted by President of the Republic of Uzbekistan Shavkat Mirziyoyev and his wife at the airport.

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

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

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

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

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

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

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

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

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

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

More than 200 companies and brands from 11 countries to participate

14^th International Exhibition for Heating, Ventilation, Air Conditioning, Water Supply, Plumbing, Swimming Pools, Environment and Renewable Energy – Aquatherm Tashkent 2026 will be held from October 6 to 8, 2026, at the Uzexpocentre National Exhibition Complex in Tashkent.

The event will bring together equipment manufacturers and suppliers, distributors and dealers, as well as key market professionals, including installers, developers and engineering systems designers, representatives of construction and utility organizations, industry experts and professional associations.

The organizers are international exhibition company “Iteca Exhibitions” and its partner “ICA Eurasia Group.” The exhibition is held with the official support of the Ministry of Construction and Housing and Communal Services of Uzbekistan.

“Aquatherm Tashkent” is the leading specialized exhibition in Uzbekistan showcasing the latest developments and comprehensive solutions in the fields of HVAC, water supply, plumbing and related sectors. For 14 years, it has remained a key platform for demonstrating modern equipment, exchanging professional expertise and developing business cooperation.

In Uzbekistan, it is the only specialized exhibition that comprehensively presents all types of engineering solutions, including equipment for heating and hot water supply, ventilation, air conditioning and refrigeration, water treatment systems, wastewater and sewage systems, gas supply, pipes, fittings and valves, plumbing equipment, solutions for swimming pools, saunas and spas, as well as instrumentation and control systems, automation, tools and installation technologies.

This year, the exhibition will feature more than 200 companies and brands from 11 countries, including Belarus, Germany, Iran, Italy, Kazakhstan, China, the Republic of Korea, Poland, Russia, Türkiye and Uzbekistan.

Among the participants are Climadens Pro, Akfa, Bosch, Buderus, Besterm Itermic, Tepliy Vozdukh, Format, Rols Isomarket, Termaflex Izolyatsiya, Daikin, Haier, Thaicon, Hitium, Lesso, Tokamnet, Newterm, Akvadis, PK Kontur, Craft, Zip24, Nimbus, Santim, Ostendorf Rus and Edelweiss.

The exhibition will offer solutions across different price segments, including affordable options for a wide range of consumers.

A new area at this year’s exhibition will be wastewater treatment, which is particularly relevant for Uzbekistan amid water resource shortages, population growth, aging infrastructure and the pollution of water bodies by industrial and municipal wastewater.

The exhibition program will include expert presentations, professional skills competitions and practical master classes.

Aquatherm Tashkent 2026 is of practical interest to international manufacturers of equipment and raw materials, chambers of commerce and industry, and specialized associations that view Uzbekistan as a promising market for developing business ties and establishing new partnerships.

The exhibition will also serve as a networking platform for official delegations, representatives of the construction industry and utility companies seeking modern solutions for engineering infrastructure, water supply, water treatment, heating, ventilation and more efficient use of resources.

Every year, Aquatherm Tashkent brings together the professional community, providing an opportunity to see new technologies and equipment in operation, receive consultations, establish direct business contacts, discuss prospective projects and find solutions for construction and infrastructure facilities.

Visitors from across Uzbekistan and abroad attend Aquatherm Tashkent to see what the market has to offer, compare available technologies and equipment, find reliable suppliers and identify suitable solutions for their specific needs.

As a result, the exhibition serves as a starting point for a new stage in the development of the engineering market for the following year – a place where new business relationships are established, priorities for further work emerge and the foundations for future projects are laid.

Visitors are encouraged to register in advance and obtain an online badge at: https://bit.ly/ATT_Dunyo_ru

More information is available at www.aquatherm-tashkent.uz or by phone at +998 71 205 14 14.

“Aquatherm Tashkent” is held under the internationally recognized Aquatherm® exhibition brand in the HVAC sector, owned by Austrian company Wiener Messe und Congress GmbH.

Dunyo IA

In recent years, improving the living standards of the population and ensuring access to housing has become one of the top priorities of state policy in Uzbekistan. The reforms being implemented in this area go beyond simply increasing construction volumes — they are being carried out through a comprehensive approach closely linked to accelerating demographic growth and urbanization.

Demographic Factor and Growing Housing Demand

The high rates of demographic growth observed in the country require a fundamental review of housing policy. In recent years, the country’s population has been growing by nearly 800,000 people per year, and the number of new families by 250,000 — figures that demand a sharp acceleration of efforts to meet housing needs. To address this demand, the construction of 110,000 apartments for 2025 alone. By 2040, the goal is to double the number of housing units built annually to 421,000 and increase the mortgage loan portfolio to $56.7 billion.

Urbanization and the Shift to Integrated Construction (Vertical Growth)

Due to rapid population growth and limited land resources, the approach to urban expansion is changing. The approximately 40% of the country’s multi-apartment housing stock, currently made up of 2–3-story buildings, is being replaced by modern housing built on the principle of vertical growth, incorporating social infrastructure and green spaces.

Strict urbanization criteria have been established for the development of “New Uzbekistan” residential districts. In particular, new sites are selected based on the following criteria:

• The district must be located near the district (or city) center (within 2 km) and have existing infrastructure.
• At least 70,000 residents must live in the area.
• Construction of buildings covering at least 100,000 square meters and no fewer than 7 stories.

Institutional Reforms and Digitalization

To effectively manage urbanization and the housing market, the National Committee for the Sustainable Development of Urbanization and the Housing Market has been established. This committee coordinates urbanization processes, renovation programs, and the construction of “New Uzbekistan” districts. To prevent uncontrolled urban sprawl, plans are underway to designate 45 agglomeration zones across the country and launch the “Sustainable City” platform. Additionally, a unified digital urbanization platform called “Uy-joy” is being created to consolidate all urban planning processes, a land bank, and project data.

Environmental Sustainability and “Green” Standards

Environmental sustainability is a priority in the modern urbanization process. According to state programs, in “New Uzbekistan” districts, at least 2% of the cost of constructing multi-apartment housing must be allocated to creating green spaces around residential buildings. For large investment projects in Tashkent, it is mandatory that green spaces occupy at least 30% of the area. Housing and construction projects are evaluated and certified according to special “green” standards.

Social Protection and Financing (Mortgage Subsidies)

The acceleration of urbanization must not leave socially vulnerable segments of the population behind in the housing market. To this end, the mortgage subsidy system has been fully automated through the “subsidiya.idm.uz” platform. The system of providing state budget subsidies to cover down payments and interest has been expanded for low-income families, young people under 30, single women in difficult social circumstances, and official labor migrants.

In general, the reforms aimed at improving housing conditions in Uzbekistan are not simply about constructing new buildings — they represent a broad state policy directed at creating a modern urbanization environment that can withstand strong demographic growth, is ecologically clean, have infrastructure, and is comfortable for the population.

Today, global development is proceeding at an unprecedented pace of urbanization — by 2050, nearly 68% of the world’s population is expected to live in cities.

This process is also advancing rapidly in Uzbekistan: the country’s population has exceeded 38 million, the urbanization rate has reached 51%, and nearly 20 million people now live in urban areas.

According to economic analyses, every 1% increase in the urbanization rate grows the economy by at least 1% and accelerates investment flows and startup development — making reforms in this sector of strategic importance.

With this in mind, within the framework of Uzbekistan’s urbanization policy, the practice of “chaotic construction” has been abandoned in favor of smart and integrated territorial development — an approach recognized as essential in global best practices.

One of the most important institutional steps was the establishment of the National Committee for the Sustainable Development of Urbanization and the Housing Market. This body serves as the central “think tank” unifying architecture, economics, and social policy into a single system.

To reduce administrative barriers in the construction sector, the number of permitting stages has been cut by a factor of 3, and processing timelines by a factor of 4. Additionally, 420 outdated urban planning norms have been restructured, replaced by 140 modern regulatory documents.

Furthermore, in Uzbekistan, land ownership no longer automatically grants the right to build — the process is now based on the principle of integrated territorial development.

Most importantly, a strict principle has been enshrined in law: schools, clinics, and modern utilities must be built before or simultaneously with residential construction.

These new mechanisms provide, above all, trust and financial stability. To ensure stability in the housing market and strengthen buyer confidence, measures have been taken to fully eliminate the risk of “unfinished constructions.” To this end, a system of escrow accounts is being widely introduced in Uzbekistan for the first time.

Through this modern mechanism, citizens’ funds are securely held in banks until the keys to the property are handed over. Developers, in turn, gain access to affordable and convenient project financing. As a result, urban development has transformed from a chaotic process into a managed industry operating under transparent rules.

Development Strategy and Achievements

Over the past eight years, 120 million square meters of housing have been built across the country. The total volume of construction work grew from 30 trillion soums in 2016 to 314 trillion soums last year, and the sector now employs more than 3.5 million people.

According to the state’s long-term priority strategy, the following key targets have been set:

• Raise the urbanization rate to 60%;
• Increase housing provision from 18.9 square meters per capita to 23 square meters;
• Nearly double the annual housing construction volume to 30.3 million square meters.

Innovative Mega-Projects and an Ecological Approach

The most vivid practical expression of this strategy is the “New Tashkent” mega-project, rising across 20,000 hectares. Designed for a population of 1 million residents, this ecologically clean, high-tech metropolis implements the globally recognized “15-minute city” concept. The project includes the creation of a 420-hectare “green belt,” the planting of 200,000 trees, and a fully ecological transport system (electric buses, metro, and bicycle lanes).

These high living standards are not limited to the capital. Across the country, 56 “New Uzbekistan” residential districts, each designed for at least 70,000 residents and equipped with rich social infrastructure, are being constructed at an accelerated pace.

In conclusion, Uzbekistan has formed a sustainable and effective model for managing urbanization, encompassing the National Committee, the escrow system, and the smart “New Uzbekistan” districts. By transforming modern cities into ecologically clean, socially oriented, and livable spaces, the country is establishing a high benchmark for urbanization in the Eurasian region.

Dear participants of the conference!

Ladies and gentlemen!

First of all, from the bottom of my heart, I sincerely congratulate you, my dear ones, on the opening of today's prestigious event - the joint conference of the International Textile Federation and the International Association of Apparel Manufacturers.

I would like to express my special gratitude to the President of the International Federation of Textile Manufacturers Mr. Kei Vi Srinavasan and President of the International Association of Apparel Manufacturers Mr. Chem Altan for the fact that this joint conference is being held in Uzbekistan for the first time.

At the same time, I express my sincere gratitude to the high-ranking representatives of the industry, heads of prestigious international and regional organizations participating in this conference.

Welcome to the pearl of the ancient Great Silk Road, the land of craftsmen - the majestic city of Samarkand!

Dear participants of the conference!

In recent years we have taken decisive steps to radically improve the investment and business environment, create favorable conditions for foreign and domestic investors.

As in all spheres and sectors, we have been implementing large-scale reforms in the textile and garment industries.

First of all, the state monopoly in cotton cultivation has been abolished, and a cluster system has been created and is being consistently improved, covering the entire process from raw material procurement to the production of finished goods.

Our reforms in this area have won the recognition of prestigious international organizations, and the boycott of Uzbek cotton has been lifted. Our cooperation with the international coalition “Cotton Campaign” continues in this direction.

At the same time, as a result of creating a stable legislative framework, improving the investment environment and introducing new technologies, the volume of cotton fiber processing increased from 40 percent in 2017 to 100 percent. At the same time, the work on import of cotton raw materials and production of finished products with high added value began.

Thanks to the opportunities created in the sphere, the volume of textile production has increased 5 times, its export - 4 times.

The most important thing is that earlier a significant part, i.e. 70 percent of exports in the sector, was accounted for raw materials, while today 60 percent of exported goods are finished products.

In the first years of reforms, we identified as a priority task the development of human capital, training of the population, especially young people and women, in professions, training of qualified personnel for all sectors, and these issues will continue to be in the center of our attention.

Decent working conditions that meet international requirements are created for the employees of enterprises, and the “Better Work” and “Better Cotton” programs are systematically implemented.

Particular attention is paid to ensuring labor rights and providing full support to over 600,000 workers.

At the same time, decisive measures are taken to create national brands, attract prestigious international and foreign trademarks to our country.

Authoritative participants of the world market, such as “Teamdress” (Germany), “Cotonella” (Italy), “Indorama” (Singapore), “Posco International” and “Gwangyang” (South Korea) are effectively operating in the country.

Uzbekistan's textile industry is being actively integrated into global production processes, and the number of our reliable partners on all continents of the world is increasing.

It should be noted that long-term cooperation with foreign investors and international brands, increasing production of high value-added products, bringing national brands to the international level will remain our priorities in the textile industry in the future.

I am convinced that today's conference will serve as an effective platform for further strengthening and expanding cooperation in this area on an international scale, sharing best practices and ideas.

I hope it will contribute to further expansion of mutually beneficial cooperation between representatives of more than 500 national and international organizations, manufacturers and retailers participating in the conference, and will bring the development of the industry to a qualitatively new level.

We highly appreciate and support all mutually beneficial initiatives of our foreign partners. In particular, we are ready to provide all possible assistance in introducing the necessary standards for international brands to enter Uzbekistan.

We are ready to create all necessary conditions for prestigious international organizations to regularly hold conferences, exhibitions and fashion shows in our country, particularly in such cities as Bukhara, Khiva, Shakhrisabz, Margilan, Kokand, Namangan, Andijan, which have high tourism and industrial potential.

I am confident that the ancient history, rich cultural heritage of our country, meetings with our hard-working and generous people will make an indelible impression on you, and the huge socio-economic potential of our regions will encourage investors to implement new projects.

I congratulate you once again on the opening of the prestigious conference that is starting today and wish you all good health, happiness and prosperity, success in the fruitful work of the conference.


Shavkat Mirziyoyev,

President of the Republic of Uzbekistan

A presentation of the literary and publicistic collection “Uzbekistan: Third Renaissance – Concept of the Future” was held in Islamabad, written in Urdu by renowned Pakistani journalist and author Muhammad Abbas Khan, explores Uzbekistan’s modern development vision and reform agendat.

The collection offers a comprehensive analysis of the essence, spiritual foundations, and global significance of Uzbekistan’s vision for a New Renaissance — the foundation of the country’s Third Renaissance — under the leadership of President Shavkat Mirziyoyev. The book elaborates on the concept advanced by the Head of State, tracing its historical roots and outlining its relevance for the future of human civilization. The author emphasizes that this vision draws inspiration from the legacy of Uzbekistan’s great ancestors and seeks to unite the principles of modern development, enlightenment, and humanism, serving as a bridge between the nation’s rich intellectual past and its forward-looking aspirations.

The collection also highlights the shared initiatives and common aspirations of the leaders of Uzbekistan and Pakistan to advance major transport and communication projects linking Central and South Asia. According to the author, these efforts represent the revival of the legendary Silk Road. The book not only describes the sweeping reforms and modernization taking place in Uzbekistan, but also emphasizes that the development path of the “New Uzbekistan” may serve as an inspiring model for Pakistan and the wider Eastern world.

The presentation ceremony brought together members of Pakistan’s government and parliament, representatives of the diplomatic corps accredited in Islamabad, prominent scholars, analysts, public figures, and media representatives. Attaullah Tarar, Federal Minister for Information & Broadcasting of Pakistan, attended the event as the guest of honour.

The presentation opened with the national anthems of Uzbekistan and Pakistan, followed by a video highlighting the nine years of Shavkat Mirziyoyev’s leadership as a President of Uzbekistan.

The event commenced with welcoming remarks by Alisher Tukh­taev, Ambassador of Uzbekistan to Pakistan. In his address, the Ambassador emphasized that, under the leadership of President Shavkat Mirziyoyev, Uzbekistan has entered an era of openness and creative transformation.

He noted that over the past nine years, the country has implemented comprehensive reforms across the socio-economic, political, educational, and cultural spheres. As a result, Uzbekistan’s Gross Domestic Product has doubled, reaching 115 billion US dollars; exports have risen to 26 billion dollars; and foreign investments have exceeded 130 billion dollars. Thousands of new enterprises have been established, reflecting the dynamic pace of development and modernization.

It was noted that relations between Uzbekistan and Pakistan have been elevated to the level of a strategic partnership, with the establishment of the High-Level Strategic Cooperation Council. Direct air connections now link Tashkent with Islamabad and Lahore, while collaboration in the fields of education and culture continues to expand rapidly.

Particular attention was given to the Trans-Afghan Railway Project — recognized as a strategic initiative aimed at strengthening peace, mutual trust, and economic connectivity across the region, effectively reconnecting Central and South Asia.

Ambassador Alisher Tukh­taev expressed his sincere gratitude to the author of the featured work, Muhammad Abbas Khan, and to the management of “Daily Ittehad” publishing house for their contribution to the creation and publication of the book. He emphasized that this work will make a valuable contribution to fostering friendship and solidarity between the peoples of Uzbekistan and Pakistan.

In turn, Tahir Farooq, head of “Daily Ittehad” publishing house, expressed his satisfaction with the publication of the book “Uzbekistan: Third Renaissance – Concept of the Future”.

“This book is not merely a compilation of facts about Uzbekistan”, - he noted, - but an important work that vividly reflects the ongoing processes of reform and renewal in the country. It is not a collection of speeches or a translation of another author’s work, but the result of five years of observation and analysis by Muhammad Abbas Khan. His insights carry great significance for understanding Uzbekistan’s contemporary path of development. The book also serves as an important historical document of the new era unfolding in Uzbekistan”.

In his address, Attaullah Tarar, Minister for Information and Broadcasting of Pakistan, highlighted the deep historical ties between the peoples of Uzbekistan and Pakistan, noting that the land of Uzbekistan has produced eminent figures of the Timurid dynasty, including the distinguished scholar and statesman Zahiriddin Muhammad Babur. The Minister emphasized that the region connecting Central and South Asia has always been a vital part of the Great Silk Road, and that Uzbekistan’s contemporary policy under the leadership of President Shavkat Mirziyoyev is focused on revitalizing this historic corridor of cooperation.

Concluding his speech, Minister Attaullah Tarar reaffirmed the readiness of Pakistan’s Ministry of Information and Broadcasting to extend full support in promoting the book and the “Third Renaissance” initiatives advanced by President Shavkat Mirziyoyev to the Pakistani public.

In his address, author Muhammad Abbas Khan discussed the process of writing the book, the ideas it conveys, and its principal objectives. According to the author, the work is based on his research, observations, and personal impressions, providing an objective account of Uzbekistan’s ongoing processes of renewal and development.

“I have had the opportunity to directly observe the profound transformations taking place in Uzbekistan, the reforms being implemented under the leadership of President Shavkat Mirziyoyev, and the policies aimed at fostering an open society, enhancing human dignity, and advancing education and enlightenment, along with their tangible results. Today, Uzbekistan is experiencing a period of awakening. The concept of the Third Renaissance, being realized in Uzbekistan, serves as an example of a universal experience grounded in confidence in the future, scientific and spiritual renewal, and policies for the development of human potential”, - said Muhammad Abbas Khan.

The book “Uzbekistan: Third Renaissance – Concept of the Future” is expected to serve as a unique resource for familiarizing the Pakistani public with Uzbekistan’s new historical path of development, while further strengthening the cultural and spiritual bonds between the two nations.

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

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

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

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

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

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

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

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

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

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

The first quarter proved highly favorable for Uzbekistan’s economy. Economic growth reached 8.7%, inflation fell to its lowest level in recent years, investment hit a record high, and exports continued to expand steadily.

Economic Growth Dynamics

The pace of economic growth achieved by Uzbekistan in the first quarter exceeded the expectations of international institutions. The Asian Development Bank had projected 6.7% growth for the first quarter. The World Bank initially forecast 6.0%, but revised it upward to 6.4% in April. The IMF also raised its forecast in April from 6.2% to 6.8%.

In practice, Uzbekistan’s economy grew by 8.7%. GDP in current prices amounted to $36.9 bn. The forecast closest to the actual result came from the Center for Economic Research and Reforms (Uzbekistan), which projected first-quarter growth of up to 7% at the beginning of the year.

The strongest growth was recorded in construction, where gross value added increased by 15.0%. The services sector expanded by 8.8%, retaining its position as the largest segment of the economy. Industry grew by 8.0%, while agriculture increased by 5.1%.

Significant gains were also seen in oil refining, up 29.5%. In light industry, apparel and textile production rose by 15.3%, while knitwear output increased by 26.9%. In automotive manufacturing, production expanded by 12.5%, including buses by 64.7% and trucks by 46.6%. Within services, the highest growth rates were recorded in education, up 22.5%, and financial services, up 22.4%.

An important contribution to overall growth also came from measures aimed at reducing the shadow economy. Its share declined from 24.8% to 22.9%, while legalized business activity supported higher recorded growth figures.

Another major factor behind accelerated growth has been the country’s active market reforms, which were recognized this year in the Index of Economic Freedom, where Uzbekistan rose by 14 positions and entered the category of moderately free economies for the first time.

Overcoming Inflationary Challenges

External pressures continue to affect domestic price formation. Global oil prices have risen by 40% since the beginning of the year. Geopolitical tensions have disrupted logistics corridors, increasing transportation costs for trade flows by 25–30%. As a result of these disruptions, imports of cattle into Uzbekistan fell by half in the first quarter, creating risks for food security.

To stabilize food prices, the government introduced partial reimbursement of air freight costs for imports of breeding livestock and meat products. It also approved the import of 100,000 breeding sheep and goats from Mongolia with compensation of 50% of transport costs.

Since the beginning of the year, Uzbekistan has actively implemented a new system of inflation management and price stability. For all responsible officials and regional governors, the key task for 2026 has been defined as maintaining stable prices for essential food products and keeping annual inflation below 6.5%.

As a result of these measures, despite external pressures, the inflation environment improved significantly in the first quarter. Consumer prices rose by 1.93% in January–March. In March alone, monthly inflation stood at 0.6%, while annual inflation fell to 7.1% for the first time, compared with 10.34% a year earlier.

Budget Policy and Regional Development

Thanks to such dynamic economic growth, Uzbekistan’s State Budget revenues also increased steadily in the first quarter, rising by 35% year-on-year. Tax revenues grew by 24%, while customs revenues increased by 20% compared with the same period last year.

Funds retained by local budgets rose by 21%. In addition, land sales and privatization processes generated an extra $47.1 mn for local budgets. At the same time, $90.6 mn were transferred from the republican budget to local budgets to support the regions. As a result, district-level local budgets retained $115.3 mn, nearly 4.2 times more than the $28.5 mn recorded in the same period last year.

This demonstrates the continued and consistent policy course toward expanding the financial autonomy of the regions, helping unlock local potential and support dynamic regional development.

Investment Outlook

Investment activity in Uzbekistan reached a record level in the first quarter. Capital investment and development projects totaled $12.85 bn, up 41.5%. Foreign direct investment increased by 45.7% to $8.84 bn. During the quarter, 1,508 new projects worth $1.185 bn were launched, creating around 28,000 new jobs.

In the first quarter, investment volumes exceeded $50 mn in 50 cities and districts, while in 21 of them the figure surpassed $100 mn, indicating broader regional investment activity. By source of foreign investment, China ranked first with $6.4 bn, followed by Russia with $1.1 bn, Türkiye with $975 mn, the UAE with $824 mn, and Germany with $342 mn.

Overall, in 2026 Uzbekistan plans to implement 125 projects with the participation of international financial institutions and foreign state financial organizations, attracting $5.1 bn. In the first quarter alone, $947 mn in foreign loans had already been mobilized from these sources, exceeding forecast targets by 120%. These projects have already delivered tangible results in infrastructure development and improved living standards.

The next important step in attracting investment may be the listing of state assets on international markets. Speaking at the meeting, the President announced that 30% of state assets worth $2.4 bn would soon be placed on international stock exchanges for the first time. This is linked to the establishment of the National Investment Fund and the transfer of management of 13 strategic enterprises to Franklin Templeton.

The country’s overall target for this year is to attract $53 bn in foreign investment. Officials were also instructed to introduce an AI-based platform that would provide optimal project recommendations for specific regions. Investors and consulting companies will be granted access to the platform through a one-stop-shop mechanism.

Growing Export Potential

Total exports of goods and services maintained strong growth momentum in the first quarter, reaching $5.8 bn, up 26% year-on-year, or by $1.2 bn. Export growth was recorded in 147 districts and cities across the country. As a result, the total number of exporting enterprises reached 4,000.

In particular, exports of natural uranium amounted to $402.6 mn, up 95%. Exports of non-ferrous metals reached $248.7 mn, doubling year-on-year. Oil and gas exports totaled $160 mn, up 15%.

Positive dynamics were also observed in manufacturing. Textile exports reached $731 mn, up 18%. Exports of construction materials totaled $304 mn, rising by 75%. Jewelry exports reached $214 mn, up 54%.

Agricultural and food exports also posted solid growth. Fruit and vegetable exports reached $320 mn, up 12%. Food exports totaled $282 mn, surging by 120%. Strong momentum was also seen in services, where exports reached $2.2 bn, up 35% year-on-year, or by $573 mn.

The geography of exports continues to expand. In January–March, 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.

Despite these achievements, external market challenges continue to affect exporters. The President noted that over the past six months, due to changing conditions among foreign partners, 908 entrepreneurs with signed contracts worth $3.6 bn had still been unable to begin exports.

Support for Entrepreneurship

Active support for small and medium-sized businesses continued in the first quarter. This year, $11.5 bn is being allocated through banks for this purpose. In the first quarter, entrepreneurs received $2.9 bn in credit resources, including $659 mn under state support programs. A total of 21,000 microprojects were implemented, helping raise incomes for 52,000 residents.

At the same time, certain shortcomings remain. Not all districts and cities are equally effective in converting loans into permanent jobs, and the differences are considerable. To address this issue, the President emphasized the need to use AI tools in credit allocation and instructed banks to launch an “AI Consultant” platform.

The meeting also discussed optimization of government administrations and the creation of new business spaces. Since many central and busy streets in district centers are occupied by state institutions, 19 districts and cities have already begun relocating government offices into unified administrative centers, with vacated premises transferred to businesses. Scaling up these measures nationwide would free up 5 mn m2 of space for business activity.

Social Policy

A strong social policy and active measures to reduce poverty and promote employment continued in the first quarter.

Permanent jobs were provided to 167,000 people, while 737,000 citizens received assistance in creating additional income sources and improving their living standards. An important contribution came from formalizing 241,000 previously informal workers, giving them access to social protection, financial services, and stable employment.

Special attention in social policy is being given to low-income families. A total of 105,000 support services were delivered to 86,000 vulnerable families, including employment assistance, training, business start-up support, and income generation. Under women’s support programs, 26,000 women were employed, while youth support programs benefited 58,000 young citizens.

To accelerate development in territories facing difficult socio-economic conditions, $297 mn were allocated from the republican budget. Additional support of $329 mn was also directed to areas granted the status of “New Image of Uzbekistan.”

These policies continue to contribute to lower poverty and higher living standards. Poverty fell to 5.0% in the first quarter, while unemployment stood at 4.7%. According to forecasts, both indicators may decline further to 4.3% by mid-year.

Significant attention is also being paid to social infrastructure and improving living conditions with the active participation of international financial institutions. In the first quarter, 89 km of drinking water networks, 8.2 km of sewerage networks, and 40 km of roads were built.

These measures are creating a sustainable foundation for further poverty reduction, stronger employment, higher welfare, and better living conditions across all regions of Uzbekistan.

Perspectives

It is useful to compare Uzbekistan’s first-quarter growth performance with the global economy and other countries.

In its April forecast, the IMF lowered projected global growth from 3.3% in January to 3.1% in April. Growth in advanced economies is expected at 1.5–1.6%, while developing economies are projected at above 4%. US growth is forecast at 2.0–2.1%, while Europe is expected to remain the weakest region, with UK growth revised downward to 0.8%.

The IMF identified India as the fastest-growing major economy, with projected growth of 7.3%. Yet Uzbekistan’s first-quarter growth exceeded even that figure, reaching 8.7%. This reflects the soundness and effectiveness of ongoing reforms, as well as strong and responsive economic management, where emerging challenges are addressed without delay.

Uzbekistan is expected to maintain high growth momentum in 2026. Real GDP growth is projected in the range of 8.3–8.7%, with services rising by 9.1%, industry by 8.7%, and construction by 11.5%.

At the same time, despite these positive results, the President noted that there is no room for complacency. Against the backdrop of intensifying global rivalry, the world economy will no longer be as stable as before. This requires special focus in the current year on sustaining growth, containing inflation, creating jobs, expanding exports, and improving the quality of investment.

Khurshed Asadov, Deputy Director of the Center for Economic Research and Reforms under the Administration of the President of the Republic of Uzbekistan

Хуршед Асадов, ЦЭИР

Samarkand Forum of the Asian Development Bank
In the Context of Contemporary Challenges and Historical Significance

In early May, Samarkand hosted the 59th Annual Meeting of the Board of Governors of the Asian Development Bank under the theme “Crossroads of Progress: Advancing the Region’s Connected Future.” The President of the Republic of Uzbekistan, Shavkat Mirziyoyev, outlined key priorities for further cooperation with the ADB.

The forum brought together more than 4,000 experts from over 100 countries, including representatives of foreign governments, international financial institutions, leading banks, and major corporations. The central topics of discussion included digital and green transformation, climate resilience, supply chain development, and food security.

Uzbekistan and the Asian Development Bank: Effective Partnership

Uzbekistan joined the ADB in 1995. Over the past 30 years, the Bank has become a reliable strategic partner for the country. The current portfolio of joint projects has reached nearly $16 billion. Uzbekistan has become the Bank’s largest partner in the region by operational volume and ranks among the top 10 countries globally in terms of ADB operations.

In August 2024, the ADB launched a new Country Partnership Strategy for Uzbekistan for 2024–2028. This five-year strategy focuses on supporting the transition to a green economy, enhancing private sector development and competitiveness, and stimulating investment in human capital, in line with the national development priorities outlined in the “Uzbekistan–2030” strategy.

ADB financing across sectors is distributed as follows: transport – $3.1 billion; energy – $2.9 billion; water supply, sanitation, and urban services – $1.4 billion; agriculture and water resources – $0.9 billion.

Through effective cooperation with the ADB, more than 1,400 km of railway lines and 1,700 km of roads have been modernized. Over 4,000 km of water supply networks have been completed, and around 750 educational institutions have been upgraded. In 2025, a record annual commitment volume exceeding $1.4 billion was achieved.

New Cooperation Program with Uzbekistan

During the Samarkand forum, a new partnership program between Uzbekistan and the ADB through 2030 was adopted. It envisages the implementation of projects totaling $12.5 billion, including infrastructure development, support for reforms, private sector growth, and public-private partnerships.

Key components include: infrastructure financing – $2.6 billion; results-based lending – $2.2 billion; budget support for reforms – $3.3 billion; multitranche financing facilities – $350 million; partial credit guarantees – $250 million; direct private sector financing – $2 billion; PPP projects – $1.7 billion.

Priority Areas Outlined by the President

In his address, the President of Uzbekistan emphasized the need to introduce new mechanisms and approaches for sustainable development amid global economic challenges and rapid technological change.

First, digital technologies and artificial intelligence are transforming virtually all sectors. By 2040, AI is expected to increase global trade volumes by an additional 40%. The adoption of open AI models is therefore essential in key sectors such as education, healthcare, water management, environmental protection, and food security. Uzbekistan proposed developing a dedicated ADB-led program to scale AI adoption in developing countries and announced its accession to the Bank’s “Digital Highway for Asia” initiative, including the establishment of a regional coordination center in Tashkent.

Second, the expansion of digital technologies and AI is driving a sharp increase in energy demand. By 2030, electricity consumption by data centers is projected to rise by 2–3 times compared to current levels. Only countries capable of providing affordable and reliable green energy will remain competitive globally. Uzbekistan identified green energy development as a strategic priority and acknowledged ADB support for the “Central Asia–Europe” green energy corridor aimed at expanding clean energy exports.

Third, ensuring the connectivity of transport systems and the stability of logistics corridors is becoming increasingly critical. Changes in global logistics routes have already led to transport cost increases of up to 30% for Central Asian countries, with delivery times extended by several weeks. In this context, the China–Kyrgyzstan–Uzbekistan railway project is of particular importance. Uzbekistan proposed establishing a “Digital Customs and Logistics Alliance” within the CAREC framework.

Fourth, according to international experts, demand for critical minerals will increase sixfold by 2040. Uzbekistan possesses significant reserves of copper, tungsten, molybdenum, magnesium, graphite, vanadium, titanium, and other resources. To ensure deep processing and production of high value-added goods, Uzbekistan proposed joining the ADB’s “From Critical Minerals to Production” program.

Fifth, climate change and desertification pose serious challenges to Central Asia. The ADB is implementing its Climate Action Plan through 2030, allocating at least 50% of its annual financing to climate-related projects. Uzbekistan proposed launching a regional “Green Belt of Central Asia” initiative to complement national afforestation efforts in the Aral Sea region.

Sixth, amid global instability, demand for safe travel destinations is growing. Central Asia has strong potential in pilgrimage, cultural, gastronomic, ethnographic, extreme, and medical tourism. Uzbekistan proposed creating a “Central Asia Tourist Ring” to integrate regional tourism offerings.

To advance these initiatives, Uzbekistan aims to fully utilize ADB financial instruments, including mobilizing private capital, and proposed establishing an Innovative Platform for Financing Regional Projects.

Transformation of ADB Operations

The implementation of these initiatives requires a transformation of the ADB’s institutional model. In response to global economic shifts, rapid technological change, and increasing interdependence, the Bank is shifting its focus toward sustainability, regional integration, and future-oriented infrastructure.

A key direction is the expansion of investments in next-generation infrastructure, including cross-border energy networks, electricity trade, and digital infrastructure such as internet connectivity and data transmission networks.

Another major shift is the transition from financing predominantly national projects to prioritizing regional systems. This includes integrating energy systems, developing regional electricity markets, and advancing digital integration across Asia.

These priorities are reflected in two major initiatives announced at the Samarkand forum, totaling $70 billion through 2035, aimed at energy system integration, cross-border electricity trade, digital corridors, data centers, and broadband expansion across Asia and the Pacific.

A significant announcement was also the launch of the “Critical Minerals-to-Manufacturing Financing Partnership Facility,” covering the full value chain from exploration and resource mapping to the production of final goods, including chemicals, batteries, renewable energy components, electronics, as well as recycling and reuse.

For Uzbekistan, this approach is particularly relevant, as the country is already developing value chains based on its mineral resources. The ADB program is expected to accelerate this process significantly.

Overall, the transformation of the ADB reflects a shift toward supporting systemic resilience and regional markets. This includes three key transitions: from individual projects to integrated economic systems; from national to regional focus; and from development support to long-term economic sustainability.

As a result, the ADB is evolving from a project financing institution into a coordinating platform for regional economic connectivity, strengthening its role in Asia’s integration amid the formation of competing global economic blocs.

Conclusion

The 59th Annual Meeting of the ADB Board of Governors in Samarkand was of significant importance not only for Uzbekistan due to its international prestige and the adoption of a new cooperation program, but also for the entire Asia-Pacific region.

The forum marked the launch of two major initiatives and the new “From Critical Minerals to Production” program, reflecting the Bank’s updated strategy aimed at enhancing economic stability and regional consolidation in Asia.

Holding the forum in Samarkand is symbolic. Historically a crossroads of trade and culture between East and West, the city once again serves as a focal point for shaping the region’s future.

It was here that initiatives and decisions were announced that may influence the development trajectory of all Asia, reinforcing Samarkand’s role as a platform for dialogue and strategic vision.

Viktor Abaturov,
Center for Economic Research and Reforms