From 3 to 6 May 2026, Samarkand will host the 59th Annual Meeting of the Asian Development Bank (ADB). The event is expected to bring together heads of banking and financial institutions from 69 member countries, as well as representatives of international organizations. Discussions will focus on the key development challenges facing the countries of Asia and possible ways to address them.

The holding of such a high-level forum in Uzbekistan reflects the growing recognition of the country’s ongoing economic reforms and the strengthening of its position within the global financial system. A significant factor has also been the notable expansion of cooperation between Uzbekistan and the ADB in recent years, as evidenced by a number of objective international assessments of the country’s socio-economic development.

First, there has been a steady rise in Uzbekistan’s international standing and stronger performance in global rankings. In particular, in the Government Technology Maturity Index published by the World Bank, the country advanced by 71 positions, entering the world’s top ten.

Second, despite continuing disruptions in global production and transport-logistics chains, rising commodity prices, and tighter financial conditions, Uzbekistan continues to demonstrate устойчивый economic growth. In 2025, for the first time in the country’s history, gross domestic product exceeded USD 145 billion, while gold and foreign exchange reserves surpassed USD 60 billion.

At the same time, the volume of attracted foreign investment increased significantly, reaching USD 43.1 billion, while the share of investment in GDP exceeded 31 percent. Moreover, despite growing protectionism and sanctions pressure in the global trading system, the republic increased exports by 23 percent, bringing them to USD 33.4 billion.

Third, cooperation between Uzbekistan and the ADB is comprehensive and long-term in nature. The total portfolio of joint initiatives amounts to 174 projects worth USD 27.5 billion, of which 66 projects worth USD 10.5 billion have already been completed, while another 30 projects valued at USD 4.6 billion are currently under implementation. These figures confirm the ADB’s status as one of Uzbekistan’s leading development partners.

Building on accumulated experience, the ADB launched a new five-year partnership strategy with Uzbekistan in August 2024 for the period 2024–2028. Its key priorities include supporting the republic’s transition toward a green and inclusive economy, enhancing private sector competitiveness, and stimulating investment in human capital.

In addition, Uzbekistan and the ADB approved a Memorandum of Understanding for 2026–2028, which envisages the implementation of 28 projects with a total value of USD 4.2 billion.

The fact that the meeting is being held in Uzbekistan positions the country as a regional hub for dialogue on development and investment, demonstrates the progress of reforms, and contributes to attracting global partners to accelerate the country’s sustainable development. According to experts, the meeting will serve as an important platform for strengthening cooperation and concluding priority agreements between the Government of Uzbekistan and the ADB.

Furthermore, in order to consolidate long-term priorities, President of Uzbekistan Shavkat Mirziyoyev put forward an initiative to mark the Samarkand summit with the signing of an important document — the Expanded Strategic Partnership Programme with the ADB for 2027–2030. It will serve as a medium-term roadmap, with primary emphasis placed on human capital and social resilience.

Thus, cooperation between Uzbekistan and the ADB has evolved from financial assistance into a strategic partnership. Today, the Bank finances key projects, shapes the reform agenda, and supports the long-term transformation of the national economy, effectively acting as an institutional partner.

Such cooperation opens a number of significant advantages for Uzbekistan:

Economic – access to concessional loans and grants, reduced budgetary burden in implementing large-scale programmes, improvement of the investment climate and inflow of long-term foreign investment, infrastructure development, and employment growth;

Structural – acceleration of market reforms, liberalization and diversification of the economy, and private sector development;

Strategic – integration into the global economy, transition to a green growth model, and participation in regional value chains and transport-logistics corridors.

As can be seen, the modern ADB agenda largely coincides with Uzbekistan’s current reform trajectory. According to experts, the republic has synchronized its national strategy with the Bank’s priorities and, as a result, can attract even greater volumes of financing to accelerate structural reforms and strengthen economic resilience.

Overall, the key features of the modern model of cooperation between Uzbekistan and the ADB are: comprehensiveness (covering all major sectors), strategic orientation (alignment with the long-term goals of “Uzbekistan–2030”), institutional depth (reforms, regulation, standards), and sustainability (environmental protection and inclusiveness).

Thus, today the ADB is not merely a creditor, but a key strategic partner participating in structural reforms, economic modernization, and Uzbekistan’s integration into global economic processes.

Dmitriy Trostyanskiy

Chief Research Fellow,

Institute for Strategic and Regional Studies

under the President of the Republic of Uzbekistan,

Doctor of Economic Sciences

In recent years, relations between Uzbekistan and the United States of America have gained a new impetus. Moving beyond formal diplomacy, the partnership has evolved into a deeper, multi-dimensional engagement. Today, political dialogue is active, economic and business ties are expanding, and humanitarian and people-to-people connections are steadily strengthening.

Until 2017, Uzbek-American cooperation was primarily focused on regional security issues and the situation in Afghanistan, while noticeable progress in the economy and investment was virtually absent. However, following the election of Shavkat Mirziyoyev and his visit to Washington in 2018, cooperation began to acquire a strategic character.

This marked the first visit by Uzbek leader to the United States in 16 years and signaled a new level of mutual trust. During the visit, agreements and memoranda totaling over $4.8 billion were signed, paving the way for projects involving major U.S. companies.

These positive trends have largely been driven by Uzbekistan’s domestic reforms and its pragmatic approach to regional and foreign policy. Consequently, diplomatic engagement has intensified: regular consultations at the level of foreign ministries have fostered systematic and structured cooperation.

Since the 2020s, relations have evolved into a multi-layered structure. In 2021, the format of political consultations was transformed into the “Strategic Partnership Dialogue between Uzbekistan and the United States,” encompassing the economy, security, and environmental issues. The first meeting of this new format took place in Tashkent and laid the foundation for comprehensive cooperation.

In 2024, bilateral relations reached a qualitatively new level with the official establishment of an expanded strategic partnership. This format is based on the alignment of key priorities: Uzbekistan seeks deep economic modernization, attraction of foreign investment, integration into global markets, and the formation of a competitive economy. The United States supports these efforts, affirming its commitment to the reform process and encouraging American business participation in the new opportunities emerging in Uzbekistan.

In this context, the meeting between Shavkat Mirziyoyev and Donald Trump in September of this year on the sidelines of the UN General Assembly outlined specific priorities for bilateral cooperation and established the foundation for long-term collaboration. More than ten agreements were signed with major companies, including Boeing, Cargill, and Citigroup and others.

Following this, in October 2024, a U.S. delegation led by President Biden’s Special Envoy for South and Central Asia, Sergio Gor, and Deputy Secretary of State Christopher Landau visited Tashkent. The visit reinforced mutual trust and underscored both sides’ commitment to advancing joint initiatives in key areas of the bilateral agenda.

Undoubtedly, the U.S. contribution to Uzbekistan’s economy maintains a steady dynamic: in 2024, trade turnover increased by 15%, reaching $881.7 million. The portfolio of investment projects exceeds $11 billion. These figures illustrate a steady expansion of trade and economic cooperation, even as overall volumes remain relatively modest.

At the same time, the contemporary economic agenda, however, extends beyond traditional trade. Joint industrial and investment projects, collaboration in logistics, civil aviation, agro-industrial complex, and metallurgy, as well as the implementation of digital and innovative solutions in supply chain management, are coming to the forefront.

Structural changes in Uzbekistan’s export profile are particularly noteworthy. Services now constitute 86% of the country’s main export portfolio. The United States remains the largest market for Uzbek IT services: of 800 active exporters, 448 provide digital services to the U.S., representing 45% out of total IT exports. This underscores the U.S.’s role as a strategic partner in Uzbekistan’s technology sector.

To increase the export of Uzbek goods to the U.S., the President instructed the regions of the country to establish direct connections with individual states. For instance, in August of this year, a task was set to increase textile exports to the U.S. five to sixfold. Within this initiative, the Andijan Region Textile Trade House opened a representative office in St. Louis, one of the country’s key logistics hubs.

The American company Oppenheimer plans to participate in the financing of three major projects in the Andijan Region with a total value of $1.2 billion, including the creation of a textile industrial zone worth $180 million.

Uzbekistan has again attracted U.S. attention due to the presence of critically important minerals and rare earth elements used in batteries, semiconductors, and modern defense systems. In April 2025, the countries signed an agreement on cooperation in the extraction of such resources, and in September, the American investor Cove Capital began geological exploration work.

Significant progress is also observed in the humanitarian sphere: the number of academic exchanges and educational programs is increasing, and the interest of Uzbek youth in American education has noticeably grown. Currently, 40 Uzbek universities implement partnership projects with more than 25 American universities and educational institutions. Cooperation includes academic exchange of faculty and students, joint research, and the engagement of American specialists in the educational process.

These initiatives reflect Uzbekistan’s aspiration for greater openness and integration into the international community, creating conditions for expanding contacts in tourism and cultural spheres.

In this context, starting January 1, 2026, Uzbekistan will introduce a 30-day visa-free regime for U.S. citizens. Previously, such a regime only applied to tourists over 55 years old. The new rules significantly facilitate U.S. citizens’ access to the country, promoting tourism, business travel, and cultural exchanges, as well as opening additional opportunities for establishing direct contacts between individuals and organizations in both countries.

A central element of multilateral interaction remains the regional C5+1 format, which unites the U.S. and the five Central Asian countries. The U.S. National Security Strategy indicates the intention to intensify work within this platform to promote initiatives on climate change mitigation, energy and food security, development of transport connectivity, and expansion of Central Asian countries’ access to global markets.

To sum up, the evolution of Uzbekistan-U.S. relations demonstrates how pragmatism and reform-driven policies can overcome barriers and create mutual benefits. Today, bilateral relations are comprehensive and resilient: Uzbekistan has emerged as a significant partner, recognized in Washington as a key contributor to regional stability. The trajectory of cooperation points toward constructive partnership, with Central Asia serving not as periphery, but as a bridge for sustainable development and mutually beneficial collaboration.

Shakhnoza Kodirova

Head of the Department the

the Institute for Strategic and Regional Studies

under the President of the Republic of Uzbekistan

In the modern world, freedom of speech and information is a key element of a democratic society.

Uzbekistan is actively moving towards strengthening the constitutional rights of citizens in this important area, striving to create favorable conditions for the free exchange of information and development of the information society.

The country remains firmly committed to further improving the system of ensuring human rights, freedoms and legitimate interests. The efforts made by the country's leadership in this direction are holistic, sustainable and irreversible.

The following key aspects of state policy in areas of obtaining and disseminating information:

Firstly, creating conditions for free expression of opinions, independent and safe work of the media. Freedom of speech and press are fundamental principles of a democratic society. Uzbekistan strives to ensure pluralism of opinions and prevent any form of censorship, which contributes to the development of an open and informed society.

For this purpose, the necessary legal frameworks have been formed and are being improved in accordance with international standards and recommendations. To date, the country has adopted more than 10 relevant laws, among them - “On guarantees and freedom of access to information”, “On the openness of the activities of public authorities and management”, “On the media”, “On the principles and guarantees of freedom of information” , “On the protection of the professional activities of a journalist”, “On informatization”, etc.

Under Uzbek legislation, journalists are guaranteed personal inviolability in the performance of their professional duties and may not be prosecuted for publishing critical material.

In addition, to further liberalise media activities and ensure the rights of journalists, in 2018, the legislation clarified the legal status of journalists and guarantees of freedom of journalistic activity, as well as the procedure for accreditation of foreign media representatives in the country in accordance with modern requirements.

Mechanisms have also been established for government support of the mass media (provision of privileges on taxes, other compulsory payments and tariffs, preferences, provision of government subsidies, grants and social orders, as well as social support for editorial staff).

The consistent expansion of conditions and opportunities for media outlets is also reflected in their quantitative characteristics. From 2016 to date, their total number has increased by 49 per cent, reaching 2,200. At the same time, the total share of non-state media in the country is over 60%. Alongside traditional media, online publications are also developing rapidly, the number of which has reached 716, and their audience is steadily growing.

It is important to note that in 2023, a number of issues of ensuring freedom of information were enshrined at the level of the country’s Basic Law. Thus, the new version of the Constitution of the Republic of Uzbekistan, adopted at a national referendum, outlines guarantees for the state to ensure free activity of the media, as well as responsibility for interference in the work of the media.

Another main difference of the new version of the Constitution in terms of freedom of information is the specification of the legal conditions under which restrictions on the search, receipt, use and dissemination of information can be introduced.

Similar provisions were identified in the Basic Law earlier, but were not detailed, which could lead to ambiguous interpretation and be used to unjustifiably restrict the rights of citizens.

The 2023 amendments establish that restrictions can only be imposed on certain grounds and only to the extent necessary. This represents a significant step forward in ensuring that restrictions on the right to seek, receive and disseminate information are transparent, legal and proportionate. These measures help strengthen the rule of law, protect the rights and freedoms of citizens and increase public confidence in government institutions.

A new provision has also been introduced into the country's Constitution guaranteeing free access to the Internet. Thus, the state at the constitutional level confirms its obligations to create all the necessary conditions for this, including in the context of supporting the processes of active digital transformation of the country and expanding the range of online services provided to the population.

Secondly, ensuring unhindered and equal access to information, including strengthening the accountability of government bodies to society. This includes expanding access to data on the work of government agencies and socially significant information in general. Availability of information allows citizens to be better informed, make informed decisions and actively participate in public life.

Openness and transparency in the activities of government agencies remain one of the key indicators of the effectiveness of the system of public control, ensuring continuous dialogue between the state and citizens, minimizing bureaucracy and combating corruption. It is the full implementation of this aspect that will reflect the principle laid down by the Head of State: “It is not the people who serve the state bodies, but the state bodies should serve the people”.

The work carried out by the Republic of Uzbekistan in this regard is becoming increasingly systematic. Thus, in addition to the current Law on Openness in the Activities of State Authorities and Government Bodies, a number of normative acts have been adopted since 2018 and up to the present time aimed at radically improving the work of the press services of State bodies and raising the status of press secretaries to the level of deputy head of department.

Increased requirements were set for the heads and employees of information services of state bodies, including timely and comprehensive coverage of key events and decisions within the work of their departments, as well as prompt response to requests from journalists and the public.

At present, the combined staff of the press services of ministries and departments includes 778 press secretaries and more than 500 employees.

In addition, the Agency of Information and Mass Communications, together with the press secretaries of government agencies, has created a mechanism for promptly responding to citizens' appeals, as well as critical and widely discussed news items in the media. As part of this work, more than 10,000 responses and expert opinions on the identified materials were published in the media, social networks and messengers.

The new version of the Constitution also obliges public bodies to act in a transparent and open manner. This means that all significant decisions and actions of public institutions must be publicly justified and documented. Authorities are obliged to publish regular reports on their activities and inform the public about important initiatives and programmes.

In 2021, in accordance with the Presidential decree, the possibilities of public control over the activities of government agencies were expanded. A list of socially significant information to be published as open data was approved, government bodies and organizations developing data, as well as the procedure for their publication were clearly defined.

The practice of determining indicators of openness and assessing it based on advanced international standards has been successfully introduced. The corresponding national Openness Indexes were published for 2022 and 2023.

At the same time, in 2022, liability was established for violating the legislation on the openness of the activities of public authorities and management, including for non-disclosure of socially significant information, failure to comply with the deadline and procedure for publication, or falsification of information.

Thirdly, protecting the rights of citizens to privacy and personal data. In the era of digital technology and big data, government policy is aimed at ensuring the security of citizens' personal information and preventing its misuse. This includes the development and implementation of legal regulations and technical solutions to protect personal data.

These issues are regulated by the relevant Law of the Republic of Uzbekistan “On Personal Data” dated July 2, 2019. In particular, it regulates the need to ensure the collection, systematization and storage of personal data of citizens of the Republic of Uzbekistan in the country in order to suppress the risks and threats of their leakage and misuse.

At the same time, it should be noted that the new version of the Constitution also enshrines the right to protection of personal data as a personal right of the individual. Consequently, their processing is allowed only with the consent of the individual. From now on, the Basic Law creates a direct possibility for citizens to demand correction of inaccurate data and destruction of data collected illegally or no longer having legal grounds, i.e. to realise the established international practice of the so-called ‘right to be forgotten’.

Such amendments are designed to promote the protection of privacy, increase trust in data processing systems, reduce risks and abuse, develop the digital economy and comply with international standards. Together, these measures create the conditions for a more transparent, secure and sustainable society in the digital age.

At the same time, the development of the population's information literacy remains an important factor in the formation of an effective and self-regulated national media environment against the background of various global challenges. The need to meet the needs of citizens for quality content and improve critical thinking skills has been repeatedly emphasised by the President of Uzbekistan.

The relevance of this task is confirmed by the fact that disinformation is recognised as one of the main short-term global threats, according to an expert report by the World Economic Forum. In addition, a long-term study of media consumption in Central Asia, conducted by the United States Agency for International Development and the non-governmental organisation Internews, shows an increase in the share of citizens in Uzbekistan who lack basic skills in working with information on the Internet (from 3% in 2021 to 25% in 2023).

Uzbekistan continue the country's course of strengthening openness and to develop fruitful and constructive international co-operation in the area of freedom of speech and the press with a view to turning the media into a real ‘fourth estate’. This will certainly create the necessary conditions for the creation of an informed, safe and progressive society ready to meet the challenges and opportunities of the digital age.

           Aziz Yengalychev,

  Chief Researcher at the Institute for Strategic and Regional studies under the President of the Republic of Uzbekistan

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Anvarjon Mirkomilov,

Head of Department,

Development Strategy Center

President of the Republic of Uzbekistan Shavkat Mirziyoyev met with Secretary-General of UN Tourism (World Tourism Organization) Zurab Pololikashvili, who is in our country on a working visit, in Samarkand on June 15.

The sides discussed issues related to further expansion of Uzbekistan's multifaceted cooperation with this specialized UN institution.

The course of implementation of agreements reached and initiatives put forward at the 25th session of the organization's General Assembly, which was held in Samarkand in October 2023, has been reviewed. The UN General Assembly's adoption of the resolution initiated by Uzbekistan on declaring 2027 the International Year of Sustainable and Resilient Tourism was highly appreciated.

It was noted with deep satisfaction that the organization is a strategic partner of Uzbekistan in the development of modern tourist infrastructure and popularization of tourist destination to our country.

It was noted the importance of continuing joint efforts to implement programs and projects aimed at creating comfortable conditions and facilities for tourists, development of pilgrimage and cultural and cognitive tourism, including domestic tourism.

Special attention was paid to the issues of training qualified personnel in the field of hospitality and service with the effective use of opportunities of the International Academy of Tourism operating in Samarkand.

In order to popularize the tourist destination in Uzbekistan, practical interaction will be expanded in the issues of supporting the participation of domestic tour operators in major international tourism fairs and exhibitions.

In recent years, Uzbekistan has demonstrated significant progress in the field of international tourism, which pays special attention to cooperation with the CIS countries. Historically, this region has close cultural, economic and humanitarian ties with Uzbekistan, which contributes to the active exchange of tourists and the development of joint initiatives in the tourism industry. According to statistics for January–August 2024 and 2025, there has been a steady increase in the total number of tourists from 6.7 million visiting Uzbekistan to more than 7.5 million with an annual increase of 15-20% per year. By the end of 2025, more than 11 million foreign tourists are expected to arrive.
Kazakhstan, Kyrgyzstan and Tajikistan remain the most significant sources of tourists among the CIS countries. In 2024, Kazakhstan sent more than 2.1 million tourists to Uzbekistan in January – August, Kyrgyzstan — about 1.78 million, and Tajikistan — almost 1.6 million. In 2025, Kyrgyzstan slightly surpassed Kazakhstan in the number of visitors — 2.16 million against 1.77 million, which indicates a positive trend towards strengthening bilateral ties in the field of tourism. Tajikistan also showed an increase of almost 1.7 million tourists. In addition to the traditional leaders, the number of tourists from Turkmenistan increased significantly in January–August, from 125,000 in 2024 to 243,000 in 2025. This growth confirms the growing attractiveness of Uzbekistan as a tourist destination for all neighboring countries.
The CIS countries with fewer tourists, such as Azerbaijan, Belarus, Moldova, Armenia, Ukraine and Russia, also note positive dynamics. The increase in the number of Russian tourists in January –August is particularly noteworthy — from 587,000 in 2024 to more than 663,000 in 2025, reflecting the strengthening of tourist and cultural ties between the two countries. The growth of the tourist flow from the CIS is largely due to Uzbekistan's comprehensive work to improve infrastructure, simplify visa procedures, and actively promote travel brands. The development of transport links, the introduction of modern services and the expansion of the range of tourism products make Uzbekistan more and more attractive to visitors from neighboring countries.
Uzbekistan is the historical center and pearl of the Great Silk Road, the crossroads of world cultures and civilizations. There are more than 8,000 cultural heritage sites in the country. 209 of them are part of four museum cities included in the UNESCO World Heritage List. The magnificent monuments of the ancient cities of Samarkand, Bukhara, Khiva attract many tourists who want to get acquainted with the rich heritage of the region. Samarkand is the ancient capital of the empire of the great commander Amir Temur, which houses the most beautiful Registan ensemble, the Ulugbek Observatory and the Imam Al-Bukhari complex, the most important for Muslims, the fabulous city of Bukhara, famous throughout the Islamic world with its Bahauddin Naqshbandi complex, the Ark fortress and the Poi Kalyan ensemble, the capital of the Khorezmshah State Khiva with a museum city open-air Ichan-Kala, and of course the city of Shakhrisabz, where Amir Temur was born and built the Ok-Saroy palace there.
Tashkent, the capital of Uzbekistan, is the geographical center and the largest hub of Central Asia, a connecting bridge between East and West. Tourists can get great emotions and impressions from their stay in Tashkent, which has many interesting sights, including the architecture of modernity and the ancient East. Uzbekistan is not only a historical city, but also a huge number of natural attractions: the picturesque mountains of the Western Tien Shan and Pamir Alai, mysterious caves, the endless Kyzylkum desert, a huge number of lakes, the Ustyurt plateau and the Aral Sea in Karakalpakstan. It should be noted that Uzbekistan occupies high places in the world tourism rankings, in the field of security, historical attractions, family tourism, gastronomy, etc. There is a tourist police in all tourist centers of the country, thanks to which all foreign visitors feel safe at all times. At the same time, over the past 10 years, Uzbekistan has not had any incidents related to the safety of tourists in the country, which could negatively affect the tourist image of Uzbekistan. Great attention is paid to youth tourism in the country, special tours of historical subjects, ecotourism, extreme tourism, and industrial tourism have been formed to visit various production facilities, which also serve as their subsequent professional orientation.
The Government of Uzbekistan has identified several territories with high tourism potential as free tourist zones created specifically for businesses operating in the tourism sector. Conditions have been created to attract foreign investment in the tourism sector. To encourage investors, various incentives have been introduced for the hotel sector, the construction of tourist complexes and infrastructure. Business representatives from the CIS countries are the most active investors, creating both enterprises with 100 foreign investments and joint ventures in the tourism industry of Uzbekistan. Uzbekistan invites Russian investors to take an active part in joint projects in the territories of Charvak, Chimgan, Nanai, Baysun, Maidanak, Miraki, Parkent, Akhangaran, Angren, Akchakul, Tudakul, Aydarkul and others tourist zones. The development of tourism with the CIS countries is becoming not only a factor of economic growth, but also an important element in strengthening interstate relations, cultural exchange and friendship of peoples. The growth of the tourist flow contributes to the creation of new jobs, the development of small and medium-sized businesses and the improvement of the standard of living of the population. The prospects for further development of tourism ties between Uzbekistan and the CIS countries look very promising. Enhanced cooperation, exchange of experience and implementation of innovative solutions will make the region one of the most attractive and dynamically developing tourist destinations in Eurasia. The Committee on Tourism of Uzbekistan is ready to support the tourism business of our countries in the implementation of joint projects, and create all necessary conditions for comfortable travel of tourists of all categories from the CIS countries.

Head of the Department of
Transport and Logistics Development Shukhrat Isakulov

The text of the article is in Uzbek!

A meeting of the Organizing Committee for the Second Asian Women’s Forum was held at the Senate of the Oliy Majlis.

The meeting was chaired by the Chairperson of the Senate, Tanzila Narbaeva.

The meeting was attended by members of the Organizing Committee, senators, heads of relevant ministries and agencies, as well as representatives of non-governmental non-profit organizations.

It should be noted that the Head of state, during the 80th session of the United Nations General Assembly held on September 23–29, 2025, proposed transforming the Asian Women’s Forum into a permanent platform.

To this end, it was decided to hold the forum jointly with UN Women and the United Nations Population Fund on May 13–15 this year in the city of Bukhara.

The forum will address issues related to empowering women in the region in areas such as politics, economy, healthcare, education, social protection, climate, environment, and governance. It is expected to enhance both global and regional cooperation, with active exchange of experience.

The event will also serve as a platform to present to international participants the reforms implemented in Uzbekistan under the leadership of the Head of State, including measures to support women, socio-economic opportunities, and conditions created in employment, entrepreneurship, education, and social protection, as well as achievements in community development and tourism potential.

Particular attention will be given to the implementation of key international frameworks, including the Convention on the Elimination of All Forms of Discrimination against Women, UN Security Council Resolution 1325, the Beijing Declaration and Platform for Action, and the Sustainable Development Goals.

During the meeting, participants discussed organizational aspects related to the forum, including its agenda, content, and arrangements for bilateral meetings with foreign delegations.

Following the meeting, relevant ministries and agencies were assigned specific tasks to ensure the forum is held at a high level.

Dunyo IA,

Tashkent

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

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

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

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

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

Economic Activity in Large and Medium-Sized Cities

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

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

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

Economic Activity in Small and Medium-Sized Cities

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

Economic Activity at the District Level

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

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

Expansion of Territories with High Economic Activity

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

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

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

Conclusion

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

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

Abdulaziz Gaybullayev, CERR

CERR Public Relations Sector

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

The second day of the visit of the Head of our state to Navoi region began with a joyful event. A ceremony dedicated to new projects was held with the participation of representatives of the public.

In recent years, entrepreneurship in Navoi region has been actively developing, and the interest of investors in the region continues to grow. In 2023 alone, the region produced more than 101 trillion soums worth of industrial products and exported $648 million. Foreign investments worth about $478 million were also absorbed, and the foreign trade turnover of the region amounted to about $1.3 billion. More than 300 foreign enterprises operate in the region, and their number will continue to increase.

Fifteen new projects were announced at the ceremony.

In particular, the projects on extraction and processing of oil shale in Kanimekh district, construction of a 300 megawatt solar photovoltaic station and a 75 megawatt electricity storage system in Karmana district, production of technical gases in Navoi city, processing of marble in Gazgan and granite in Zarafshan, extraction and enrichment of kaolin in Uchkuduk district, and production of fish feed in Khatyrchi district were launched. 

Enterprises were launched to produce potassium sulfate and sulfuric acid in Karmana district, cotton pulp in Navoi city, and granite processing in Nurata district.

The total cost of the 15 projects is $3.6 billion. More than 7 thousand jobs will be created.

President Shavkat Mirziyoyev pressed a symbolic button and gave start to the construction and operation of the new projects.

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

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

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

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

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

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

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

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

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

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

The text of the article is in Uzbek language!