The "Uzbekistan 2030" strategy aims to increase the country's gross domestic product to $160 billion and per capita income to $4,000. Achieving this goal solely through the domestic market is not possible; therefore, it is crucial to actively attract foreign investments and increase exports.
The Tashkent International Investment Forum plays a significant role in this effort. In May 2024, the third edition of the forum took place in Tashkent, becoming a significant event for the economy of Uzbekistan and the international investment community. The main objective of the forum was to enhance the inflow of foreign investments and promote economic cooperation between Uzbekistan and other countries.
The forum attracted business representatives, investors, government officials, and international organizations, facilitating dialogue and the signing of major investment agreements. In recent years, Uzbekistan has demonstrated significant growth in attracting investments, and the forum has been an important step in this direction.
In his welcoming speech, the head of state noted that Uzbekistan has attracted over $60 billion in foreign investments in recent years, with approximately $14 billion coming from international financial institutions. These investments have been directed towards social and infrastructure sectors.
The forum has gained incredible popularity, with over 2,500 participants from 93 countries, providing a platform for global dialogue and exchange of investment experiences.
It is important to highlight that the forum garnered attention from international media, with coverage from more than 110 foreign publications in 30 countries, including leading global media outlets such as CNN, Euronews, London Post, and Associated Press.
One of the key events of the forum was the presentation of regional energy projects (the construction of Kambarata-1 HPP and Yavan HPP) to foreign investors. The presentation involved the Prime Ministers of the Republic of Uzbekistan and the Kyrgyz Republic, emphasizing the importance of these projects for the entire region.
As a result of the Tashkent International Investment Forum, agreements were signed totaling $26.6 billion, indicating the high investment attractiveness of Uzbekistan and the success of the forum. For comparison, in 2022, 167 documents were signed at the forum, amounting to $11 billion, demonstrating a significant increase in investment interest in the country.
Specifically, agreements were reached on the implementation of the following major investment projects:
- Saudi Arabian company "Data Volt" will be involved in the construction of urban infrastructure in "New Tashkent" for $1 billion and will establish a "data processing center" based on green technologies for $3 billion.
- Saudi Arabian company "ACWA Power" will implement projects for the construction of a 5 GW wind power plant in the Republic of Karakalpakstan and the creation of 2 GW energy storage devices, with a total investment of $6.2 billion.
- UAE company "Amea Power" will carry out a project to build a 1000 MW wind power plant in the Republic of Karakalpakstan for $1.1 billion.
- "Saudi Tabrid" will undertake the modernization of the heating systems in Nukus, Fergana, and Kuvasay for $750 million.
- Egyptian company "Nile Sugar" will engage in sugar beet cultivation and sugar production in the Jizzakh region for $500 million.
- Chinese company "Shanghai Knud International" will implement a project for the production of textile and sewing products in the Namangan region for $205 million.
- "Wilmar International" (Singapore) will produce food products and confectionery in the Tashkent region for $200 million.
Additionally, agreements were reached with several major global companies, such as "Orascom Investment" (Egypt), "Bonafarm Grup" (Hungary), "Sayar" (USA), "Goldwind," "Sinoma" (China), "Sam Yapi" (Türkiye), "Pasha Development" (Azerbaijan), "Lasselsberger" (Austria), and "Petrosat Chexelsoton" (Iran), for the implementation of new investment projects totaling $6.6 billion.
The event included a rich program of panel sessions, discussions, business breakfasts, and roundtable discussions, focusing on key aspects of economic development. The central theme revolved around the role of the state, investors, and entrepreneurs in supporting small and medium-sized businesses.
During the session on combating corruption, experts emphasized that effective anti-corruption measures are crucial for improving the investment climate. They highlighted that creating a safe and transparent business environment plays a vital role in this process.
"The successful fight against corruption requires a comprehensive approach, including strengthening legislation and increasing the transparency of government actions," stated Akmal Burkhanov, Director of the Anti-Corruption Agency of the Republic of Uzbekistan.
The session on retail trade identified the main challenges and opportunities in the industry. Participants expressed the need for improving tax legislation and simplifying import procedures. They also emphasized the importance of creating conditions for successful adaptation of new brands in the market.
"Thanks to the resolution on reducing customs duties, we have managed to establish fair prices, as in the UK and Kazakhstan," shared Ilya Lyapustin, Sales and Marketing Director of "Tashkent City Mall."
During the business breakfast dedicated to women entrepreneurship, the significant impact of women entrepreneurs on society was emphasized. Speakers presented inspiring examples and strategies for achieving a balance between profitability and social responsibility.
Special attention was given to attracting foreign investments through residency programs.
"In recent years, Uzbekistan has proven itself as an attractive destination for global investors due to its openness to cooperation and prospects in the real estate sector," stated Akram Mukhamatkulov, representative of Henley & Partners.
The roundtable discussion on "Supply Chains and Resilience: Finding Balance in Uncertain Times" addressed the problems and strategies for ensuring the resilience of global supply chains.
"Turkey and Uzbekistan have a strategic partnership, and we can significantly strengthen cooperation by working together," noted Deputy Minister of Trade of Turkey, Sezai Ucharmak.
Experts also emphasized the importance of integrating digital technologies into investment strategies. They highlighted that digitization is not just the future but already a reality, playing a key role in accelerating investment processes and increasing transparency.
The pitch session "IT-PARK Uzbekistan: New Perspectives for Development" presented plans to transform Uzbekistan into a regional hub for information technology by 2030.
Sherzod Shermatov, Minister of Digital Technologies of Uzbekistan, highlighted the significance of recent investments. "Yesterday, we witnessed an important event - the start of the construction of the $5 billion green data center, Data Volt, a major project of direct foreign investment. We are creating a favorable environment for IT companies and launching the 'Zero Risk' program to cover all risks associated with opening and operating offices in Uzbekistan," he noted.
The roundtable discussion on "Connectivity: Reviving the Great Silk Road" brought together international experts and representatives of government bodies to explore opportunities for expanding connections, economic cooperation, and cultural exchange along the ancient Silk Road routes.
The roundtable discussion on "Integrated Urban Planning: Quality Investments, Environmental and Human Comfort" involved leading urban planners, architects, and business representatives discussing approaches to the development of the city of Tashkent. In particular, Vladislav Butenko, Managing Director and Senior Partner at BCG, emphasized the importance of integrating innovative solutions into urban planning to achieve sustainable city development. He stressed the need to consider both economic and social aspects in comprehensive planning, ensuring a balance between them.
The forum played a significant role in attracting investments for various ministries and regions of Uzbekistan. The signed agreements indicate the development of key sectors such as industry, energy, pharmaceuticals, and automotive manufacturing.
One of the major achievements of the forum was the agreement between the Ministry of Digital Technologies, the Ministry of Energy, and IT company Data Volt on the construction of a data center based on green technologies. Experts highlighted the importance of such projects for Uzbekistan. The signing ceremony was attended by Laziz Kudratov, Minister of Investment, Industry, and Trade, and Rajit Nanda, Director of Data Volt.
The third Tashkent International Investment Forum has concluded, but the planned initiatives and signed agreements promise active work in attracting investments and ensuring sustainable development. Uzbekistan has once again confirmed its role as a strategic partner on the international stage, attracting the attention of global investors and contributing to the economic growth of the region.

Tengiz Asanov,
Deputy Head of the Department of the Ministry of Investment, Industry and Trade of Uzbekistan

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

Surahs from the Koran and dua were recited.

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

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

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

On June 20, President Shavkat Mirziyoyev chaired a video conference call on training engineering personnel and improving the performance of higher educational institutions.

In today's competitive world, our country, relying on domestic resources, is moving towards industrial development. Every year 3 thousand industrial enterprises are put into operation, about 150 thousand jobs are created.

This year, projects worth 21 trillion soums will be implemented within the framework of state investment programs. Also, projects with foreign and regional investments worth 37.5 billion dollars are planned for this year.

Accordingly, the state pays great attention to science, education and innovation. For example, over the past four years, 2.2 trillion soums have been allocated to 1,727 practical, innovative, fundamental and startup projects. Spending on research and development has doubled.

However, the results in this area and the number of highly qualified engineers are still insufficient. There is a gap between higher education institutions and industry.

That is why rectors of technical universities were also invited to the meeting.

The head of state first of all dwelt on the problems in this sphere.

The 36 state technical higher educational institutions annually graduate 67 thousand specialists. However, the programs and specialties in these universities do not meet the requirements of manufacturers. As a result, 60 percent of engineers do not work in their specialty.

Higher educational institutions are limited to fundamental research, and practical developments for the economy are very rare. Hundreds of startups and innovative projects in engineering fields remain on paper.

In foreign universities there are such specialties as "value engineering", "comparative engineering", "reverse engineering". In our technical universities, these areas are not developed. As a result, industries have to spend a lot of money on training their employees abroad or attract specialists from abroad.

Although the coverage of higher education has increased 5 times in the last seven years, the interest of young people in engineering and technical specialties is very low. Some equipment of universities and scientific laboratories is outdated. Many professors and teachers are disconnected from practice. Rectors do not visit enterprises, do not familiarize themselves with new technologies, do not study equipment and machines.

Over the last four years, the number of research contracts of universities has tripled. Revenues from them have increased 6 times. However, the implementation of the results of scientific developments into production is slow. Not everyone is equally successful in patenting their inventions.

The President presented new initiatives to develop this area.

Now training and research processes in technical areas will be completely changed based on the best practices. 36 universities and their branches will be gradually consolidated, leaving a total of 20 technical universities. They will completely switch to the dual system of education.

Specialties that are not in demand in the labor market will be reduced. Some departments will be merged. The functions of dean offices to serve students will be digitalized. Based on foreign experience, a "Registrar's Office" will be created.

Each university will establish cooperation with prestigious technical universities of developed partner countries such as Germany, Japan, China, Russia, Italy, Turkey, South Korea, Singapore.

Based on the chain "industry-enterprise-university", each university will be assigned an industrial partner.

All engineering universities will open departments at their partner enterprises and introduce dual education. At the same time, the enterprises will allocate funds to equip the departments, stimulate teachers and students. Student internships and graduate training will be fully organized at partner enterprises.

Thirty-two sectoral councils will be established in the system of ministries and enterprises. They will determine priority directions of scientific research in technical fields together with institutes and will be customers of these researches.

Also at the first stage, higher engineering schools will be opened in 10 universities. Two-year applied master's degree programs will be implemented in them, and candidates will be selected by order of manufacturers. Enterprises will financially support the establishment and equipping of laboratories in higher engineering schools. The state will also provide highly qualified engineers-technologists. If every minister, industry leader, rector, professor and teacher feels deep sense of responsibility and works hard, we will definitely achieve this," Shavkat Mirziyoyev said.

The status of pilot production enterprises of universities will be legislated. They will be granted privileges applicable to IT park residents. At least 60 percent of the employees of the subsidiaries will be doctoral candidates and students.

From next year, state grants for projects in technical areas will be increased fourfold. Partner organizations of universities will also be allowed to act as founders of enterprises.

Hokims of regions and heads of industries will be able to directly provide universities with orders for scientific and production projects up to 10 billion soums.

A system of allocating at least half a percent of the cost of investment projects for scientific activities will be introduced.

It has been determined to organize national contests "Best Idea", "Best Project" and "Best Invention" in engineering fields. Teachers, students and practicing engineers will be able to participate in them. The prize for the first place is an electric car.

Also 10 best participants, authors of ideas, projects and inventions will be sent for internship to such countries as Germany, Japan, China, Russia, Italy, Turkey, South Korea, Singapore.

The meeting continued in the format of an open dialog. Industry leaders, scientists, rectors and engineers expressed their opinions on the development of science and education in engineering.

It was assigned to draft a relevant decree based on the proposals.

- We need highly qualified engineers-technologists like air for the accelerated development of the economy. If every minister, industry leader, rector, professor and teacher feels deep sense of responsibility and works hard, we will definitely achieve this," Shavkat Mirziyoyev said.

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

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

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

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

Financial Results for Q1 2026

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

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

Large Banks Activity Ranking for Q1 2026

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

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

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

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

Changes Across Key Indicators

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

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

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

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

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

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

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

Small Banks Activity Ranking for Q1 2026

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

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

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

Jafar Khidirov, CERR

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

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

Bakhtiyor Mustafayev, Deputy Director of the Institute for Strategic and Regional Studies under the Head of our state (ISRS), commented on the outcomes of the working visit of President of Uzbekistan Shavkat Mirziyoyev to Switzerland and his participation in the ceremony of signing the Board of Peace Charter in Davos:

- The participation of the President of Uzbekistan, Shavkat Mirziyoyev, in events held on the sidelines of the Annual Meeting of the World Economic Forum in Davos in January 2026 constituted a landmark development, reflecting the country’s transition to a new stage of international positioning.

Against the backdrop of increasing geopolitical uncertainty, Uzbekistan demonstrated an approach that aligns domestic reforms with evolving global expectations, positioning itself as a reliable and predictable partner for investment and initiatives in the field of security.

A central milestone of the working visit was the participation of the Head of State in the ceremonial signing of the Board of Peace Charter on January 22, 2026. The invitation extended to the President of Uzbekistan by the President of the United States, Donald Trump, to join this body as a founding member reflects a high level of international confidence.

Uzbekistan’s participation in the Board of Peace is grounded in clear strategic considerations.

First, this represents a natural continuation of the strategy of openness and multi-vector dialogue that Uzbekistan has consistently pursued in recent years.
Tashkent has been purposefully strengthening its presence across all major global platforms, actively participating in regional and international formats of the United Nations, the Shanghai Cooperation Organization (SCO), the Commonwealth of Independent States (CIS), the Organization of Turkic States (OTS), the Organization of Islamic Cooperation (OIC), and BRICS+.

The invitation extended to U.S. President Donald Trump to participate in the G20 Summit reflects the growing recognition of Uzbekistan as a responsible partner in global governance. Accession to the Board of Peace logically builds on this trajectory, reaffirming Uzbekistan’s capacity to engage on an equal footing with the world’s leading powers and to make a constructive contribution to the development of new mechanisms of international cooperation.

Second, Uzbekistan’s participation in the Board of Peace clearly demonstrates its firm commitment to a principled position on the Palestinian issue, where Tashkent combines humanitarian resolve with practical action.
Following President Shavkat Mirziyoyev’s public call for a ceasefire in November 2023, the country moved from words to deeds: USD 1.5 million in assistance was allocated through UNRWA, and in December 2024 Uzbekistan carried out a humanitarian evacuation of 100 wounded Palestinian women and children from Rafah.

Drawing on the successful experience of the Mehr program, Tashkent created comprehensive conditions for their medical treatment and social rehabilitation, effectively offering the international community a functioning model of practical humanitarianism. This state policy—going beyond declarations and implying real responsibility for human lives—became a key factor of trust in the formation of the Board of Peace.

Third, the Davos platform served as a catalyst for advancing Uzbekistan’s economic and investment profile toward a higher level of global competitiveness. Over the past decade, the country has demonstrated sustained economic growth: GDP has more than doubled to USD 145 billion, economic growth reached 7.7 percent in 2025, and foreign exchange and gold reserves exceeded USD 60 billion for the first time.

Structural transformation of the economy is reflected in the fact that more than 80 percent of GDP is generated by processing industries, while exports reached a historic high of USD 33.4 billion, representing a 24 percent increase. Equally significant are the social outcomes of the reforms, including a reduction in the poverty rate from 35 percent in 2017 to 5.8 percent in 2025, contributing to more inclusive economic development.

In addition, negotiations between the President of Uzbekistan and the leadership of BlackRock, the world’s largest asset manager, marked an important step toward attracting long-term and sustainable investment. Discussions on potential equity participation and the establishment of joint investment mechanisms indicate Uzbekistan’s growing integration into global investment processes. This confidence is also reflected in the activities of the European Bank for Reconstruction and Development (EBRD), whose total investments in Uzbekistan have reached nearly USD 7 billion, making the country one of the Bank’s key partners in the region.

Fourth, amid the fragmentation of the global order and the escalation of regional tensions, ensuring that the interests of Uzbekistan and Central Asia are adequately reflected in emerging security frameworks remains of critical importance. Participation in the Board of Peace serves as an instrument of preventive diplomacy based on the understanding of the interconnected nature of contemporary challenges and threats.

Uzbekistan is effectively establishing the first line of defence for its own security and for the stability of the entire region, ensuring that national and Central Asian interests are not marginalized in global decision-making processes.

In conclusion, it can be stated with confidence that President Shavkat Mirziyoyev’s visit to Switzerland has set a new strategic trajectory for the country’s development.

The combination of institutional consolidation within the Board of Peace, internationally recognized macroeconomic achievements, a consistent humanitarian stance, and the active promotion of regional interests at the global level positions Uzbekistan as a unique model of successful modernization in the contemporary world — a state that not only adapts to changes in the international system, but also earns the right to participate in shaping the global agenda of the 21st century.

Dunyo IA

The most important sign of civil society is manifested in the fact that citizens exercise complete control over the activities of state structures. According to article 36 of the new version of the Constitution of Uzbekistan, our citizens have the right to participate directly and through their representatives in the management of the affairs of society and the state. Such participation is carried out through self-government, referendums and the democratic formation of state bodies, as well as public control over the activities of state bodies. The procedure for exercising public control over the activities of state bodies is established by law.

In order to organize and regulate relations in the field of public control over the activities of state bodies and institutions, the law “On Public Control” was adopted on April 12, 2018. According to this law, public control is carried out in such forms as appeals and requests to state bodies, public discussions, public hearings, public monitoring, and the study is carried out by citizens' self-government bodies in such forms as hearing reports and information from officials of state bodies.

Consistent work is underway in our country to implement public control and improve the regulatory framework governing this area. By presidential decree dated May 4, 2018, the badge "For contribution to the development of civil society" was established; the decree of the President of Uzbekistan dated July 4, 2018 "On measures to organize the activities of public councils under state bodies" was of great importance for accelerating work in this area. This resolution establishes the procedure for organizing the main tasks, functions, powers and activities of the public council under state bodies, which basically provides that the public council is created by the decision of the head of the state body, carries out its work on a voluntary basis and it is assumed that it will conduct its work on a public basis, as well as be considered as a permanent advisory body whose decisions will be advisory in nature.

As Shavkat Mirziyoyev noted, “There is no more effective tool for achieving the supremacy of the Constitution and the law than public control.” Public control is an important institution of democracy and people's power; it serves to ensure the protection of the rights and legitimate interests of citizens by monitoring the activities of state bodies.

In recent years, special attention has been paid in our republic to ensuring the participation of citizens in the management of society and public affairs, the creation of effective mechanisms for public control over the activities of the executive branch, and further strengthening the functions of public control. In particular, at the initiative of the President of Uzbekistan, a public chamber was established in 2020 in order to further strengthen public control and establish close cooperation between the state and society. It was noted that the public chamber should regularly study the opinion of the population, set specific tasks for government agencies to find solutions. The importance of implementing such influential forms of control as "public hearings", "public monitoring", "public expertise", and "public initiative" was demonstrated.

According to the decree of the President of the Republic of Uzbekistan "On measures to expand financing of projects formed on the basis of public opinion", adopted on October 25, 2022, an additional 335 billion soums were allocated for the implementation of 364 projects, each of which received more than 2 thousand votes in July-September 2022.

In recent years of modern development in our republic, the system of public administration has been improved, effective mechanisms of dialogue with the people have been introduced, and the effectiveness of the role and activities of the Mahalla Institute in the management of society has increased. Virtual and public reception rooms of the President of the Republic of Uzbekistan were created in order to ensure human interests, knowledge and solution of problems and needs of people. These structures have become a mechanism for in-depth analysis of problems on the ground and a criterion for increasing the responsibility of state bodies and officials to society and evaluating their activities.

To date, such systems as "online reception" and "virtual visit" have been introduced, allowing for quick and economical identification of problems on the ground in order to optimize their expenses related to the maintenance of the public administration apparatus, eliminate corruption factors and establish effective public control over budget spending.

As an example, it is worth mentioning that in recent years a new system of dialogue with the people has been created – the activities of the presidential virtual and people's reception rooms. Of the 9,465,000 applications received by the virtual reception of the President, about 9,379,000 have been considered, the rest are also being resolved in accordance with the procedure established by law. The results of the public discussion can also be found on the "portal for discussions of draft regulatory legal acts" (regulation.gov.uz), which is clearly seen in the example. To date, 25384 draft regulatory legal acts have been posted on this portal for public discussion, of which 25183 have already been completed.

In recent years, the study of public opinion has become publicly available. The Open Budget portal was launched to exercise public control over targeted budget expenditures. Citizens can send messages about violations of budget legislation through the Portal, suggestions for improving the budget process, while receiving information such as the state budget, budget execution through this portal. In particular, an initiative budget has been launched through the Open Budget information portal, which is held 2 times a year. Thanks to this portal, citizens are focused on solving problems through joint voting. In the first season (February) 2024, 35,575 initiatives were supported, for which 3,390.5 billion soums were allocated.

Establishing the accountability of public authorities to parliament and local councils, as well as the introduction of the Electronic Government system, led to a further strengthening of public control. As a result, today in our country there is a single interactive portal of public services (my.gov.uz), an open data portal (data.egov.uz), a portal for discussing draft regulatory documents (regulation.gov.uz), and a complex of information systems “License" (license.gov.uz), information system for automating the activities of Single Window centers (birdarcha.uz).

Since 2023, in order to improve the system for identifying and solving social problems among the population in our republic, the practice of monthly hearing information from the heads of relevant government bodies and organizations in the mahalla council has been established, and new forms of public control have been introduced - “mahalla control” groups and “survey” institutions mahalla chairmen." Also, on behalf of the President, the “digital mahalla” system and the “people’s control” platform were improved.

The “My Opinion” web portal, which is under the jurisdiction of the Public Chamber, was created in order to expand the opportunities of citizens in our country to participate in the management of the affairs of society and the state, to ensure the openness of the activities of representative bodies of state power, to ensure the viability and effectiveness of the public administration system. Through this portal, a citizen can send proposals on legislation on important issues of state and public importance in the form of an electronic collective appeal. The My Opinion web portal, which is under the jurisdiction of the Public Chamber, was created in order to expand the opportunities of citizens in our country to participate in the management of the affairs of society and the state, to ensure the openness of the activities of representative bodies of state power, to ensure the viability and effectiveness of the public administration system. Through this portal, a citizen can send proposals on legislation on important issues of state and public importance in the form of an electronic collective appeal "Meningfikrim.uz "(My opinion). To date, more than 6670 collective appeals and about 30,000 comments have been received through the portal.

In recent years, political parties, which are considered to be one of the main actors of civil society in our country, have been given not only ample opportunities for free participation in elections, but also control over the executive branch. Political parties also have the right to exercise public control based on the interests of the public and their electorate. During election processes, local observers at polling stations consist of representatives of political parties and citizens' self-government bodies.

The role of the media in developing openness and transparency in our society, establishing public control over the activities of government bodies and their officials, studying and resolving legal appeals from citizens is also incomparable. In particular, the number of media registered in 2016–2023 increased by 41%, that is, in 2016 their number was 1614, and by 2023 it reached 2140. The number of mobile Internet users also exceeded 33 million.

As can be seen from the above, the main purpose of public control is to ensure respect for the rights, freedoms and legitimate interests of citizens, to ensure legality in the activities of state bodies and officials, and to protect the interests of society.

The Uzbekistan 2030 strategy, developed based on the results of public discussions in order to create a fair and modern state serving the people, identified such priority tasks as: creating the necessary conditions for public participation in the activities of local councils, broad involvement of civil society institutions and the gradual digitalization of their activities, establishing the practice of assessing the activities of heads of state bodies and their deputies based on public opinion, and intensified continuation of work to form an unparalleled attitude towards corruption in society.

As a result of public control, the activities of state bodies in the country are objectively studied, their shortcomings are identified, various violations of legislation are prevented, public participation in the implementation of laws and their preparation is ensured, broader conditions are created for the prompt solution of various problems in society and the will of the population, and special attention should be paid to the fact that public control implies not only control over the quality of the work performed, but also the use of opportunities, as well as participation in their development.

In conclusion, I would like to note that in our republic, constitutional status has been given a state public control. In the new Uzbekistan, the participation of citizens in the management of the affairs of society and the state, including the development and improvement of public control over the activities of state bodies, provides ample opportunities for the full-fledged formation and strengthening of civil society in our country.  If the public control in the country is strong, the state is more humane, free and fair.

N.S.Rasulova, candidate of historical sciences Associate professor of the University  of Public safety of the Republic of Uzbekistan

Just a few years ago, the concept of the “smart city” was largely seen as a futuristic idea associated with digital control panels, autonomous transport, widespread sensor networks, and automated urban services.

Today, the smart city has become a practical tool for addressing modern urban challenges. This trend can be seen across countries facing rapid population growth, increasing migration to major metropolitan areas, overstretched infrastructure, and mounting climate risks.

In this context, smart technologies are no longer viewed as an end in themselves. Instead, they are increasingly used to improve the resilience and efficiency of key urban systems, including transport, energy, public utilities, waste management, and environmental monitoring. This allows cities to adapt more effectively to emerging challenges, reduce pressure on infrastructure, and improve the overall quality of urban life.

At the same time, smart city development is gaining strategic economic importance by creating long-term drivers of growth. Such projects attract substantial investment by combining digital infrastructure, innovative services, and principles of sustainable development.

The growth of smart urban areas also contributes to job creation in high-tech sectors ranging from IT and telecommunications to engineering and urban data analytics. In parallel, the modernization of urban infrastructure improves resource management and raises overall living standards.

Against this backdrop, the approaches taken by Uzbekistan and Azerbaijan deserve particular attention. Rather than simply following a global trend, both countries are developing their own models of smart urbanization — ones in which technology serves people and supports the creation of more comfortable, sustainable, and future-oriented cities.

In this regard, Uzbekistan offers a particularly notable example, as urbanization is becoming an increasingly pressing issue amid steady demographic growth. The country’s population is growing by approximately 1.8–2% annually, placing additional pressure on transport systems, housing, infrastructure, and social services.

Under these conditions, the government is focusing not on limited modernization of the existing urban environment, but on the creation of new growth centers. The Smart City concept adopted in 2019, followed by the Digital Uzbekistan – 2030 strategy, established the institutional foundation for the large-scale digital transformation of urban infrastructure and public services.

One of the most visible outcomes of this strategy is the New Tashkent project, whose significance extends far beyond that of a traditional urban development initiative.

In essence, the project aims to create a new economic, administrative, and investment hub capable of easing pressure on the existing capital while introducing a fundamentally new model of urban organization based on smart city principles and sustainable development.

In this case, the concept of the “15-minute city,” green infrastructure, digital governance, public transport prioritization, and energy efficiency are not treated as separate elements, but as components of a broader strategy aimed at expanding economic space and improving the quality of the urban environment.

Against this backdrop, New Tashkent illustrates how urbanization can serve not only as a response to infrastructure pressures, but also as a tool for creating new centers of economic growth capable of redistributing business activity and shaping the long-term development of the urban agglomeration.

This is also why the project has a distinctly international dimension. Its implementation involves Singapore’s Meinhardt Group, the UK-based Foster + Partners and Cross Works, the Dutch firm OMA, Japan’s Sojitz Corporation, South Korea’s Incheon International Airport Corporation, and other international partners. This reflects Uzbekistan’s efforts to integrate global expertise into its national development model.

Azerbaijan, in turn, has chosen a different approach to the development of smart urban spaces. Rather than building entirely new cities from scratch, the focus has been placed on the restoration and comprehensive modernization of recently reintegrated territories alongside the introduction of modern urban planning solutions and Smart City technologies.

This approach goes beyond the physical reconstruction of infrastructure and involves rethinking urban development through digital technologies, sustainable planning, and green standards.

Following the reintegration of Karabakh and Eastern Zangezur, Azerbaijan faced not only the challenge of rebuilding damaged territories, but also the task of their socio-economic reintegration into the country’s broader development framework. In this context, the concepts of Smart City and Smart Village have gained particular strategic importance, serving as the foundation for a new model of territorial planning and governance.

Within this model, technology is no longer viewed solely as a modernization tool, but as an instrument for comprehensive territorial development. It supports the rapid restoration of basic services, creates conditions for the return of displaced populations, stimulates economic activity, and enables more effective management of spatial development.

One of the clearest examples is Aghali — Azerbaijan’s first “smart village.” The project demonstrates how digital infrastructure, renewable energy, smart agriculture, and modern public services can become part of a new model of post-conflict reconstruction.

The village covers around 119 hectares and includes more than 200 modern eco-friendly homes equipped with smart systems, as well as social and public infrastructure facilities, including a school, kindergarten, medical center, ASAN xidmət and DOST service centers, small business facilities, and administrative buildings.

A similar development model can also be seen in Fizuli, Aghdam, Shusha, Khojaly, and several other settlements, where new infrastructure systems are being developed based on environmental sustainability, transport accessibility, and digital management of urban and rural services.

Like Uzbekistan, Azerbaijan also relies heavily on international cooperation as a key driver of modernization. Huawei is involved in implementing digital solutions, the World Bank provides analytical and advisory support, while Japan is expanding cooperation in smart infrastructure and green energy, contributing to the adoption of advanced technological practices.

Uzbekistan is building a new urban environment from the ground up, while Azerbaijan is developing its model against the backdrop of a complex historical and territorial transformation. At first glance, these are very different starting points. Yet this is precisely what makes the similarities in their approaches particularly notable. In both cases, digital infrastructure is not treated as an additional layer built onto the city, but as a core element shaping its future development from the outset.

At the same time, neither country is pursuing a model based on copying existing examples. The experiences of Singapore, Dubai, and Qatar are being studied, but not replicated. Instead, both states are developing their own models tailored to local demographic, geographic, historical, and social realities. This reflects not a limitation of choice, but the maturity of their strategic approach.

Against the backdrop of accelerating urbanization across Central Asia and the South Caucasus, the experiences of Uzbekistan and Azerbaijan are increasingly emerging as a kind of laboratory for new development models. While their strategies differ in tools and priorities, both are driven by the same objective: building a new generation of cities that combine technology, sustainability, adaptability, and a people-centered approach.

Abbosbek Mashrapov

Senior Research Fellow, International Institute for Central Asia

The upcoming official visit of the President of the Republic of Uzbekistan to the Republic of Türkiye reflects the deepening strategic partnership between the two countries. One of the most dynamic areas of this cooperation is labor migration, built on mutual trust and a shared human-centered vision.

In recent years, Uzbekistan has fundamentally transformed its migration policy, placing human dignity, legal employment, and social protection at the core of its reforms. This approach aims to ensure that citizens working abroad do so safely, legally, and with full respect for their rights.

Cooperation with Türkiye exemplifies this new philosophy. The entry into force of the bilateral agreement on the protection of the rights of labor migrants and their family members marked a significant milestone in strengthening legal and institutional guarantees for migrants.

Regular dialogue between migration and labor authorities, joint forums, and practical coordination mechanisms have contributed to more orderly and transparent labor mobility. Notably, agreements reached to legalize the status of Uzbek citizens without administrative penalties, particularly in sectors with high labor demand, demonstrate a shared commitment to humane and pragmatic solutions.

Another key dimension of cooperation is skills recognition and certification. Collaboration with Türkiye’s professional qualification institutions enables Uzbek citizens to obtain internationally recognized certificates, enhancing their employability both in Türkiye and beyond.

Partnerships with leading Turkish companies further expand legal employment opportunities, including participation in large-scale construction and infrastructure projects. These initiatives are complemented by the active role of Uzbekistan’s Migration Agency representation in Türkiye, which provides legal, social, and advisory assistance to citizens and safeguards their rights.

Today, negotiations have begun between the two countries on developing a “Social Protection” agreement. Through this agreement, Uzbek citizens working in Türkiye and Turkish citizens working in Uzbekistan will be able to reclaim their social insurance contributions. This will allow workers to formalize their employment and secure legal protections.

Uzbekistan and Türkiye view labor migration not as a challenge, but as a driver of development, stability, and human well-being. The forthcoming presidential visit is expected to elevate this cooperation to a new level, reinforcing a model of migration governance rooted in humanity and mutual benefit.

On October 15–16, 2025, the city of Fergana will host the inaugural session of the Fergana Peace Forum under the theme: “The Fergana Valley: Uniting Efforts for Peace and Progress.”

Organized by the Institute for Strategic and Regional Studies (ISRS) under the President of the Republic of Uzbekistan, in partnership with colleagues from Kyrgyzstan and Tajikistan, and supported by national and international organizations, this unique large-scale event will bring together leading experts, researchers, public figures, and representatives of international organizations. Their goal is to discuss the prospects for the development of one of Central Asia’s most densely populated and culturally rich regions — the Fergana Valley.

Experts from prominent think tanks across the CIS, Asia, Europe, and the Americas, alongside academics, business leaders, civil society representatives, and youth leaders from the region, will convene in one place. High-level delegates from international bodies such as the United Nations, the Shanghai Cooperation Organization (SCO), the Commonwealth of Independent States (CIS), the Conference on Interaction and Confidence-Building Measures in Asia (CICA), the European Union, and the Organization for Security and Co-operation in Europe (OSCE) are also expected to participate. Renowned peacebuilding organizations including the Berghof Foundation (Germany), the Martti Ahtisaari Peace Foundation (Finland), PeaceNexus (Switzerland), and the Stockholm International Peace Research Institute (SIPRI) will be among the invited guests.

More than 300 participants will attend the Forum, including around 150 from Central Asia and over 50 from the CIS, Asia, Europe, and the Americas.

Experts believe the Forum will reinforce the vision expressed by Uzbekistan’s President Shavkat Mirziyoyev at the 80th session of the UN General Assembly — the transformation of Central Asia into a space of peace, good neighborliness, and partnership.

         As President Mirziyoyev has noted, the region is entering the era of New Central Asia. The days of closed borders, unresolved disputes, and conflicts are becoming a thing of the past. Thanks to growing cohesion, stability, and an emerging shared identity, Central Asia is increasingly recognized as an independent and influential actor on the global stage.

         The choice of the Fergana Valley as the Forum’s venue is symbolic. This unique region is where the lifelines of Uzbekistan, Kyrgyzstan, and Tajikistan intersect. The established atmosphere of trust, dialogue, and cooperation between these countries exemplifies the good-neighborly policy championed by President Mirziyoyev.

Historical records mention the ancient Fergana state of Davan, especially the cities of Aksikent and Mingtepa, which were famed for their fertile lands, strong defenses, and prized horses. These are documented in Chinese chronicles from the late 2nd century BCE. By medieval times, the valley was one of the leading regions of Mawarannahr (Transoxiana). Archaeological remains from the Bronze Age, Early Iron Age, and medieval periods testify to the valley’s role as a cradle of multiple civilizations.

The Han dynasty historian Sima Qian wrote: “The people live on the land, tilling fields and growing rice and wheat. They live in houses and fortified cities; there are about seventy or more cities of various sizes in this region.” Medieval Arab geographers described Fergana as a land dotted with many cities and villages, surrounded by steppes and mountains, where both urban life and pastoralism thrived.

Cities such as Kokand, Khujand, Osh, and Margilan were centuries-old centers of craftsmanship, trade, and learning. Caravans of the Great Silk Road passed through here; some of the earliest madrasahs were established in the valley. The region became a crossroads for ideas from Persia, China, India, and the Arab world.

         Situated at the intersection of Hellenistic, Bactrian, Parthian, Chinese, and Islamic civilizations, the Fergana Valley is a unique hub of cultural exchange — a legacy evident today in its languages, traditions, cuisine, and architecture.

Experts agree that the peoples of the Fergana Valley form a unified historical and civilizational community — a reality forged over centuries of political, economic, and humanitarian interaction.

The Fergana Valley is living proof that the coexistence of diverse cultures is not only possible but also fruitful. Here, traditions are preserved while new forms of cooperation continuously emerge, from joint celebrations to cross-border initiatives. The region has effectively become a laboratory for cultural convergence, where the ideals of inter-civilizational dialogue are actively realized.

With its rich heritage, dense population, and vast economic potential, the Fergana Valley requires special attention to sustainable development, environmental security, and cross-border cooperation.

Coordinated action and open dialogue are essential here — to foster peace, mutual trust, and progress. The Forum’s agenda addresses a wide range of issues:

• Strengthening regional dialogue and trust;
• Jointly ensuring stability and sustainable development;
• Unlocking the valley’s economic and investment potential;
• Promoting cultural and humanitarian ties;
• Increasing the involvement of civil society, youth, and the private sector in transformation processes.

Special focus will be placed on turning challenges into opportunities and establishing regional cooperation as a firm foundation for peace and prosperity.

The maturity of the Fergana Valley is reflected in its shared historical and cultural foundation, which allows the countries in the region to build dialogue on existing trust rather than starting from zero.

Today, the Fergana Valley is more than a historical symbol — it is a strategic region for sustainable development and economic cooperation. Joint transport and energy projects, cross-border markets, and digital initiatives are driving dynamic growth.

The Fergana Peace Forum is poised to become not just a discussion platform but an ongoing mechanism for generating ideas, uniting efforts, and advancing projects for the benefit of the entire region.

Organizers highlight that the example of the Fergana Valley could serve as a model for post-conflict regions worldwide, where political stabilization must be accompanied by deep cultural and humanitarian work. Real mechanisms of cooperation are being forged here, grounded in a shared historical and cultural legacy that supports peace and development.

Among the anticipated outcomes of the Forum is the adoption of a Communiqué calling for the establishment of a unified space of friendship, good neighborliness, and sustainable development in the Fergana Valley.

Preparatory discussions have already confirmed that the Fergana Valley is a place where the past inspires, the present unites, and the future is built on values of peace and cooperation.

In a world where conflict has become commonplace and the international community searches for new models of sustainable coexistence, the Fergana Peace Forum offers one clear answer: peace begins with trust, and trust begins with open dialogue.

Fergana is not just a point on the map — it is a space where respect becomes the language of communication, friendship forms the foundation of neighborliness, and cultural diversity is a source of unity.

Dr. Alisher Sabirov, Doctor of Historical Sciences,
Professor, Nizami National Pedagogical University, Uzbekistan;
Adjunct Associate Professor, Shaanxi Normal University, People’s Republic of China

Leading international media outlets - including “CNN”, “Forbes”, “The Wall Street Journal”, “The Economist”, “Arab News” and “China Daily” - characterize the project as a “global-scale megaproject”, “pearl of Central Asia and a space that is shaping the modern understanding of Islamic civilization”.

The opening of the Center of Islamic Civilization in Uzbekistan has sparked broad international interest and has become a focal point for the world's leading media. Publications about the Center have appeared in more than 20 countries and in 7 languages - including English, Arabic, Spanish, Chinese, Hindi, Turkish and Russian - reaching a total audience of over 1.5 billion people. These materials, prepared by international journalists, analysts and experts, reflect the high level of interest in the project from the global professional community.

International media emphasize the symbolic nature of this event. As “Arab News” notes, “the opening of the Center, initiated by President of Uzbekistan, took place during the holy month of Ramadan, just as the laying of the first stone did eight years ago, giving the project a special historical and spiritual continuity”. Meanwhile, “Khaleej Times” writes that the Center represents a “unique space where cutting-edge technology and modern scientific approaches are harmoniously combined”.

As “Forbes” notes, “under the leadership of President Shavkat Mirziyoyev, the country is implementing a strategy of sustainable development and economic openness” and amidst rapid technological changes and growing global tensions - ranging from geopolitical conflicts to discussions on cultural identity - Center of Islamic Civilization “is transforming its civilizational heritage into a modern tool of soft power”. “The Wall Street Journal” points out that the Center “unites a rich historical legacy”, highlighting its integrative function.

“China Daily” refers to the Center of Islamic Civilization as “one of Uzbekistan's key cultural and scientific projects”, contributing to the strengthening of cultural and humanitarian cooperation between Uzbekistan and China, while “The Korea Times” notes that the complex “reflects the humanistic and enlightening essence of Islamic civilization” and “serves as a modern platform for cultural dialogue and scientific collaboration”.

“Euronews” characterizes the Center as a “new hub for heritage and research”, bringing together scientific research, education and modern exhibition practices. The Spanish publication “ABC” notes that “Uzbekistan is reviving the legacy of the Great Silk Road”, linking the project to the region's historical role as a center of civilizational exchange.

In turn, Hungarian publication “Hello Magyar” emphasizes that “the complex's architectural concept is impressive not only for its grandeur but also for its full compliance with modern urban planning and environmental sustainability standards”, noting its architectural expressiveness and alignment with contemporary sustainable development requirements. The Turkish publication “Yeni Konya” characterized the Center of Islamic Civilization as a “monumental and majestic center that can be considered one of the most important historical, cultural and artistic achievements of the Islamic world in the last century”.

In Azerbaijani media, specifically the publication “Caliber.az”, Center of Islamic Civilization in Uzbekistan has been described as a “candidate for the Guinness World Records”, highlighting its immense scale and uniqueness.

Center is becoming more than just a new museum; it is part of a broader narrative - a story of how countries rediscover their heritage and make it accessible to the world. Today, the Center is already open to visitors. Experts also note the Center's potential influence on the development of cultural tourism. This new complex is capable of becoming a key attraction for international visitors, strengthening interest in Uzbekistan as a destination with a unique historical and intellectual legacy. However, judging by the attention from the global press, its significance extends far beyond tourism.

At the invitation of the of President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan, on January 13 President of the Republic of Uzbekistan Shavkat Mirziyoyev departed to this country with an official visit. 

In accordance with the program negotiations at the highest level, as well as bilateral meetings with the heads of leading organizations, companies and banks of the UAE will be conducted in the Emirates’ capital of Abu Dhabi. 

President of Uzbekistan will also participate in the activities of the international summit “Abu Dhabi Sustainability Week”. 
In the framework of the visit, the Head of our state will visit Dubai, where he will hold a meeting with Vice President, Prime Minister of the United Arab Emirates, Emir of Dubai Sheikh Mohammed bin Rashid Al Maktoum.

At the invitation of President of the Republic of Uzbekistan Shavkat Mirziyoyev, President of Mongolia Ukhnaagiin Khurelsukh will pay a state visit to our country on June 23-26.

In accordance with the program of the high-ranking guest's stay, it is envisaged to hold high-level talks in Tashkent, during which issues of further expansion and strengthening of Uzbek-Mongolian relations of friendship and multifaceted cooperation will be considered.

In particular, the agenda includes plans to develop constructive political dialogue and inter-parliamentary contacts, increase bilateral trade turnover, implement cooperation projects in mining, agriculture, livestock, light industry, healthcare, transport, logistics and other areas. Joint measures aimed at boosting cultural, humanitarian and tourist ties will also be discussed. There will be an exchange of views on international issues.

A package of intergovernmental and interdepartmental documents will be signed following the results of the summit.

As part of the program of the state visit, the leaders of the two countries will meet with representatives of leading companies and business circles, and a number of other bilateral events will be held.

Mongolian President Ukhnaagiin Khurelsukh will also visit Khiva, where he will familiarize himself with the rich cultural and historical heritage of our people.