President of the Republic of Uzbekistan Shavkat Mirziyoyev on December 13 took part in a solemn ceremony dedicated to the launch of new energy capacities and the beginning of construction of a number of facilities.

These projects are part of a large-scale work aimed at strengthening the potential of the country's energy system. Last December, five solar and one wind power plants were put into operation. Many new projects were launched during the Head of State's visits to the regions.

Today, 24 projects worth more than $7 billion have been launched. In particular, in Bukhara, Navoi, Namangan and Tashkent regions, 5 solar and wind power plants with a total capacity of about 2.3 thousand megawatts, as well as 5 high-voltage substations have been connected to the network.

For the first time in Uzbekistan, an energy storage system with a capacity of 300 megawatts was created in Andijan and Fergana. A 400 megawatt power plant was put into operation in Kashkadarya, and a modern cogeneration plant was put into operation in Tashkent, and in Andijan, Surkhandarya and Tashkent regions - four small hydroelectric power plants.

In addition, construction of 6 energy facilities with a total capacity of 2.5 gigawatts has started in Fergana, Samarkand, Navoi, Tashkent regions and Tashkent city.

These new projects will generate an additional 9.5 billion kilowatt hours of electricity, save 2.5 billion cubic meters of natural gas and prevent the emission of 4.6 million tons of harmful gases in the coming years.

Most importantly, over 4 million households will be provided with uninterrupted and clean energy. 

This will also set the stage for $4 billion worth of value creation in other sectors of the economy.

In total, in 2025, our country will produce 84 billion kilowatt-hours of electricity, which is 25 billion kilowatt hours or 1.5 times more compared to 2016.

Speaking at the ceremony, President Shavkat Mirziyoyev emphasized that all these projects are implemented through foreign direct investment. Gratitude was expressed to companies from the United Arab Emirates, Saudi Arabia, Türkiye, China and Germany, as well as international institutions such as the Asian Development Bank, the Asian Infrastructure Investment Bank, the Islamic Development Bank, the European Bank for Reconstruction and Development and the World Bank for their fruitful cooperation.

Thanks to the open access of the private sector, Uzbekistan's energy sector has attracted about $20 billion of foreign direct investment over the past five years. 

Twenty-four independent energy producers have started to operate in the sector, where previously only the state was present.

In particular, large solar and wind power plants with a total capacity of 3,500 megawatts, equivalent to 10 billion kilowatt-hours, were launched in the green energy sector. This increased the share of “green energy” in the energy system to 16 percent.

As is known, last year the country's GDP reached the historic figure of $100 billion for the first time. By 2030, Uzbekistan's economy should grow to $200 billion.

This will increase the demand for electricity by 1.5 times over the next five years. In addition, under the Paris Agreement, it is planned to reduce harmful gas emissions by 35 percent by 2030.

The President outlined the priority areas of work in the energy sector.

First, 19 thousand megawatts of additional “green capacity” will be built by 2030, and the share of renewable energy will be increased to 54 percent. Already by 2025, 18 solar and wind power plants with a capacity of 3.4 thousand megawatts and energy storage systems with a capacity of 1.8 thousand megawatts are planned. This will increase green energy production to 12 billion kilowatt-hours next year. Also within two years, a large-scale project will be implemented in cooperation with private partners to create more than 2,000 small and micro-hydroelectric power plants.

Second, liberalization of the electricity market will continue. By the end of next year, it is planned to create a competitive wholesale electricity market. Public-private partnership will be introduced in the sphere of energy distribution, and $4 billion of investments will be attracted for the modernization of networks. The first project of transferring the management of regional power grids to the private sector has been developed in Samarkand region, and an international tender has been announced.

Third, the expansion of international cooperation in the field of “green energy”. Within COP-29, agreements were signed with Kazakhstan, Azerbaijan and Saudi Arabia on joint export of “green energy” to Europe. Jointly with neighboring countries a single platform has been launched to ensure the stability of the regional energy system.

Fourth, development of “green energy” as a new driver for other sectors of the economy and improvement of living standards of the population. 

Solar panels with a total capacity of 1,000 megawatts have already been installed, which makes it possible to produce 1.5 billion kilowatt-hours of electricity annually. Support for “green” initiatives will continue with the introduction of dual education for the training of specialists.

- Today's event opens a new page in the history of our country's energy sector. These projects will not only ensure economic growth, but also will create an environmentally friendly and sustainable future for our descendants - said Shavkat Mirziyoyev.

The ceremony was addressed by Minister of Energy and Infrastructure of the United Arab Emirates Suhail Mohamed Al Mazrouei, Minister of Energy and Natural Resources of Türkiye Alparslan Bayraktar and Minister of Energy of the Kingdom of Saudi Arabia Prince Abdulaziz bin Salman Al Saud.

By pressing a symbolic switch, President Shavkat Mirziyoyev launched the operation of 18 energy facilities and construction of 6 new projects.

According to the survey results, entrepreneurs are increasingly reporting higher demand, employment growth, and an overall improvement in business conditions.

The Center for Economic Research and Reforms (CERR) presented the results of its business climate analysis based on monthly surveys of entrepreneurs across the country.

Based on the collected data, a composite Business Climate Index has been developed, reflecting both current business conditions and expectations for the next three months.

Business Climate Dynamics in Uzbekistan

As of February 2026, the composite Business Climate Index reached 65 points (on a scale from −100 to +100), which is 11 points higher than in the same period last year.

The improvement in the business climate was primarily driven by rising business expectations, which increased by 13 points to 81. Additional support came from improved assessments of current business conditions, which rose by 10 points to 51.

The survey indicates positive trends across key business activity indicators. The share of entrepreneurs assessing the current business situation as “good” increased to 44%, compared to 38% in February of the previous year.

The proportion of enterprises that increased their workforce rose to 19%, up from 12% a year earlier. Meanwhile, 34% of respondents reported an improvement in business conditions over the past three months, compared to 28% last year.

In addition, 39% of respondents reported increased demand for their products, up from 22% in the same period last year.

Sectoral Dynamics of the Business Climate Index

In a sectoral breakdown, improvements in the business climate were observed across all major sectors of the economy compared to the previous year.

The most significant improvement was recorded in agriculture, where the index increased by 29 points to reach 73. This growth was driven by both improved current conditions and a substantial rise in expectations.

The share of entrepreneurs assessing conditions as “good” rose to 56%, compared to 41% a year earlier. Meanwhile, 52% reported increased demand (35% previously), and 49% noted an improvement in the business environment over the past three months (32% previously).

In the services sector, the business climate index increased by 8 points to 61. While assessments of current conditions remained relatively stable, expectations improved.

Entrepreneurs maintain strong expectations regarding demand in the coming three months, with 72% reporting anticipated growth, close to last year’s level (71%). At the same time, employment has been gradually increasing, with the share of firms expanding their workforce rising to 16%, compared to 12% previously.

In the construction sector, the business climate index rose by 8 points to 69. Improvements were observed in both current assessments and expectations. Entrepreneurs are increasingly reporting higher employment and demand, reflecting stable sectoral dynamics.

The share of respondents reporting improved business conditions over the past three months increased to 34%, compared to 26% a year earlier. Meanwhile, 27% reported workforce expansion (15% previously), and 80% expect demand to increase in the next three months, up from 77% last year.

In industry, business climate growth was more moderate, increasing by 2 points to 67. At the same time, business expectations remain high, with continued growth in demand and gradual employment expansion.

Over the past three months, 32% of entrepreneurs reported increased demand, compared to 29% a year earlier. Workforce expansion was noted by 22% (13% previously), while 77% expect further demand growth in the next three months, also exceeding last year’s level.

Barriers to Business Activity

According to the survey, 61% of entrepreneurs reported no constraints in their operations, up from 57% in the previous month, indicating an overall improvement in the business environment.

Compared to the previous month, the share of respondents reporting difficulties related to access to credit, electricity supply, transport, and logistics has declined. At the same time, there has been a moderate increase in concerns related to access to land resources, utility costs, and tax rates.

CERR Sector for Competitiveness and Investment Activity Analysis

Tel: (78) 150 02 02 (441)

CERR Public Relations and Media Sector

Tel: (78) 150 02 02 (417)

Akramjon Nematov, First Deputy Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan (ISRS), in an analysis for Dunyo IA on the results of the April 24 meeting chaired by the Head of State, emphasized that the country's socio-economic development results for the first quarter of 2026 confirm: the nation has not only adapted to global turbulence but has also developed a reliable internal immunity to external shocks.

According to him, the achieved figures indicate that the national economy has reached a qualitatively new level of dynamic development. Despite unprecedented global market volatility, the disruption of global supply chains, and mounting inflationary pressures, Uzbekistan recorded an impressive GDP growth of 8.7%, significantly exceeding the 6.8% result from the same period last year.

Such a significant breakthrough, the expert is convinced, has been a direct result of the well-considered and consistent strategy of the President of Uzbekistan Shavkat Mirziyoyev, aimed at the fundamental transformation of all spheres of public life. During this challenging period, the state assumed not merely the role of a regulator but that of an active catalyst for modernization: the industrial sector grew by 8%, compared with 4.1% in 2025, while the services sector, which has become the engine of renewal, surged by 16.1%. Against the backdrop of global instability, Uzbekistan, for the first time on an annual basis, managed to curb inflation, reducing it from 10.6% in March 2025 to 7.1% in the current period, thereby opening new horizons for long-term investment planning.

The country’s leadership has made a significant contribution, reflected in unprecedented financial support for entrepreneurship. In 2026, 140 trillion UZS are being allocated for these purposes through the banking system, 30% more than last year. Targeted assistance to mahallas in the first quarter alone amounted to 3.6 trillion UZS, a 25% increase, enabling local budgets to generate an additional 2.2 trillion UZS in revenue.

As the expert noted, during the critical analysis, the Head of State emphasized that the quantitative records achieved must serve as a foundation for significant structural improvements in the economy, necessitating a transition to an advanced, innovative development model. One of the central tasks identified is a sharp increase in labour productivity, which should rise by at least 10-15% through the integration of modern technologies and management standards. The state aims to fully move away from the raw-materials-exporter model toward the creation of high-tech regional value chains, engaging more than 40 global brands as strategic partners.

Particular attention is being paid to the efficiency of project management. With a record volume of foreign investment in the quarter totalling USD 13.7 billion, 1.6 times higher than last year, the focus is shifting toward precise monitoring of returns. The President has decided to elevate the economy to a new international level: as early as next month, 30% of state assets worth USD 2.4 billion will be listed on international stock markets. This has become possible due to the transfer of management of 13 strategic enterprises of the National Investment Fund to the reputable company Franklin Templeton. At the same time, the state is accelerating reform of the energy framework, allocating USD 50 million for concessional lending to support businesses in transitioning to renewable energy sources, and creating a digital logistics infrastructure capable of increasing exports through electronic platforms, raising the target to USD 700 million.

At the same time, expert analysis shows that external challenges are not only persisting but also intensifying significantly: the continued rise in global energy prices and the increasing complexity of global logistics are creating tangible pressure on domestic production costs and competitiveness.

Under current conditions, activities in the external sphere must be maximally synchronized with domestic reforms. This implies a focus on facilitating technology transfer, attracting smart capital into artificial intelligence, and diversifying transport corridors to strengthen Uzbekistan’s status as a central link in regional connectivity. The steady acceleration of exports and the systematic removal of barriers for high-value-added products today require deep coordination between the state and the private sector, as well as the mobilization of all available resources to achieve qualitative results, the expert believes.

To maintain current high growth rates and reach new milestones, it is necessary, as the President emphasized, to radically increase the flexibility of managerial decision-making and execution discipline at the local level. It is important to transform quantitative growth into the structural quality of the economy, to ensure development through a multiple increase in productivity and the creation of high added value in key sectors.

The balanced and proactive foreign policy of the country’s leader creates the necessary zone of stability at the regional level. However, it is precisely the internal mobilization of the public administration, an uncompromising focus on innovation, and the efficiency of management that are today the decisive conditions for enabling Uzbekistan to successfully transform global pressure into new “windows of opportunity” for long-term national prosperity.

Dunyo IA

President Shavkat Mirziyoyev was reported the current work and plans for 2025 in automotive industry.

The share of automotive industry in the country's industry is 10 percent. Over the past ten months, 338 thousand passenger cars were produced. Components of 1.4 thousand types were localized. Thanks to economic measures, the cost price in the industry decreased by 4 percent. Exports amounted to $455 million.

The chairman of “Uzautosanoat” JSC presented information on plans and future tasks.

Next year it’s planned to manufacture 450 thousand cars and elevate exports to $700 million. It’s planned to strengthen cooperation with regional enterprises and boost localization. In particular, 63 projects worth $325 million on developing production of 700 components will be implemented. 

As is known, together with “BYD” company an automotive plant was built in Jizzakh. Currently such automobiles as Chazor and Song Plus Champion are produced there. In the upcoming years the model range is planned to be expanded. At the second stage worth $300 million it’s planned to expand the share of electric cars’ production to 200 thousand per year, at the third – to 500 thousand.

The Head of our state instructed to consistently master the production of components and spare parts for electric cars in agreement with the Chinese partners. 

The task was set to form orders for local enterprises based on cooperation.

Issues of practical implementation of agreements at the highest level and promotion of investment projects were at the center of attention during the telephone conversation held on December 17 between the President of the Republic of Uzbekistan Shavkat Mirziyoyev and Amir of the State of Qatar Sheikh Tamim bin Hamad Al-Thani.

The Head of our state warmly congratulated the Amir of Qatar on the national holiday - Foundation Day, wishing him health, well-being and success, as well as peace and prosperity to the friendly Qatari people.

Current matters of further expansion of multifaceted cooperation and strengthening of strategic partnership between our countries were discussed.

The results of active contacts and exchanges were positively assessed. In November this year, the first meeting of the Intergovernmental Commission and business forum were successfully held in Doha. In October, the Qatar Culture Week events were successfully organized in Tashkent.

With the participation of leading Qatari companies, investment projects are being implemented in the field of energy, development of transport and tourism infrastructure, agriculture, healthcare and other priority areas.

There is a regular direct flight service between the capitals, which facilitates the growth of mutual tourist flow.

During the conversation, the heads of state paid particular attention to the schedule of upcoming events in 2025, including the second dialogue summit “Central Asia - Cooperation Council for the Arab States of the Gulf”.

Exchange of views on topical issues on the international agenda also took place.

On September 20-24, President of Uzbekistan Shavkat Mirziyoyev will pay a working visit to the city of New York to attend the events of the 80th jubilee session of the United Nations General Assembly.

According to the press service of the Head of our state, President of Uzbekistan will deliver a keynote address on the first day of organizing the general debate of the UN General Assembly plenary session.

It’s noteworthy that during the current jubilee session of the UNGA topical issues of ensuring global security and stability, achieving Sustainable Development Goals, reforming the system of the UN and international financial architecture, combatting the consequences of climate change and other modern challenges, will be reviewed.

On the sidelines of the summit, the Leader of Uzbekistan will hold talks with the UN Secretary-General António Guterres, heads of foreign states and governments, leaders of authoritative international financial institutions. 

In the framework of the business program in the United States, it’s planned to hold meetings and events with participation of the leading American companies and financial-investment structures. It’s planned to sign a package of new agreements and contracts.

Марказий Осиё сўнгги йилларда иқлим ўзгариши оқибатларига тобора кўпроқ дуч келаётган ва дунёда ундан энг кўп зарар кўриши мумкин бўлган минтақалридан бири. Сўнгги 70 йил ичида Марказий Осиёда ҳарорат Цельсий бўйича 1,5-2 даражага кўтарилди. Бу эса экологик муаммоларнинг кескинлашувига, музликларнинг эриши ва чўлланишнинг тезлашишига таъсир кўрсатмоқда. Ушбу жараёнларнинг барчаси бир-бири билан ўзаро боғлиқ бўлиб, минтақадаги экотизимлар, иқтисодиёт ва одамлар ҳаётига салбий таъсир кўрсатмоқда.

Глобал миқёсда иқлим ўзгариши туфайли музларнинг эриш тезлиги сўнгги йилларда 65 фоизга ошди: 90-йилларнинг бошида сайёрада йилига 0,8 триллион тонна, 2000-йилларга келиб эса 1,3 триллион тонна муз эриб кетган. Марказий Осиё минтақаси учун ҳам ушбу экологик муаммо бугунги куннинг энг муҳим иқлим муаммолари қаторига киради.

Марказий Осиёда сув ресурслари тақчиллиги ортиб бормоқда. Бугунги кунда 37 миллион нафардан ортиқ киши асосан сув таъминотининг пасайиши, шунингдек, тегишли инфратузилманинг етарли даражада ривожланмаганлиги билан боғлиқ бўлган сув ресурслари кескин етишмайдиган ҳудудларда яшайди.

Евроосиё тараққиёт банки ҳисоб-китобларига кўра, 2025-2030-йилларда минтақа мамлакатлари учун сув ва иқлим инфратузилмасига зарур бўлган инвестицияларнинг умумий ҳажми қарийб 29,2 миллиард долларни ташкил этади.

Оролбўйи минтақасининг ҳолати вазиятни қийинлаштирмоқда – шамоллар Оролнинг қуриган тубидан ҳар йили тахминан 15-75 миллион тонна қум, чанг ва тузни учириб кетади. Бу эса сезиларли масофаларда ҳавонинг сифатини ёмонлаштиради ва бевосита ижтимоий-иқтисодий йўқотишларга олиб келади.

Шу сабабдан ҳам сўнгги йилларда Марказий Осиёнинг минтақавий кун тартибида экологик масалалар тобора устувор аҳамият касб этмоқда. Сув ресурслари билан боғлиқ муаммолар, ерларнинг деградацияси, иқлим ўзгариши, Оролбўйининг ҳолати эндиликда минтақа мамлакатлари томонидан алоҳида эмас, балки минтақанинг умумий барқарор ижтимоий-иқтисодий ривожланиш масалалари контекстида кўрилмоқда.

Марказий Осиё мамлакатлари давлат раҳбарларининг сиёсий иродаси туфайли экология соҳасидаги кўп томонлама ҳамкорлик янада тизимли ва мазмунли бўлиб бормоқда.

Бунда минтақавий ҳамкорликнинг институционал асосларини мустаҳкамлаш алоҳида ўрин тутди. Оролни қутқариш халқаро жамғармаси ва унинг тузилмалари амалдаги механизмлари билан бир қаторда, экологик масалалар минтақа мамлакатлари давлат раҳбарларининг маслаҳат учрашувлари, шунингдек, соҳавий идоралараро ва экспертлар мулоқоти доирасида янада изчил мустаҳкамлана бошлади.

Минтақа мамлакатларининг иқлим билан боғлиқ халқаро тадбирларда фаоллашганини ҳам таъкидлаш жоиз. Хусусан, БМТнинг Иқлим ўзгариши тўғрисидаги доиравий конвенцияси конференцияларида Марказий Осиё мамлакатлари "5 мамлакат - 1 минтақа - 1 овоз" тамойили остида чиқиш қилиб, иқлим муаммолари бўйича миллий устувор масалалар ва умумий минтақавий ёндашувларни тақдим эта бошладилар.

Марказий Осиёнинг барча мамлакатлари Париж келишуви доирасида ўзларининг миллий миқёсда белгиланган ҳиссасини тақдим этди ва иссиқхона газларини камайтириш, "яшил" энергетика қувватини ошириш ва мослашувчанлик салоҳиятини мустаҳкамлаш бўйича ўз олдига юқори мақсадларни қўйди.

Шу билан бирга, Қозоғистон 2060-йилга бориб углерод нейтраллигига эришиш йўлини белгилаб олди, Ўзбекистон эса 2035-йилга бориб ялпи ички маҳсулот бирлигига тўғри келадиган иссиқхона газлари эмиссиясини 2010-йилдагига нисбатан 50 фоизга камайтириш бўйича мақсадли кўрсаткични оширди. Қирғизистон, Тожикистон ва Туркманистон ҳам глобал иқлим мақсадларига эришиш йўлидаги интилишларини тасдиқлаб, ўз ҳиссасини доимий равишда янгилаб, ошириб келмоқда.

Орол инқирози оқибатларига мослашиш масаласида ҳам сезиларли натижаларга эришилди. Хусусан, Орол денгизининг қуриган тубида Ўзбекистон томонида сўнгги 5 йил ичида 1,7 миллион гектар ўрмонзорлар барпо этилди, Қозоғистон томонида 1 миллион гектардан ортиқ майдонда ўрмон-мелиорация ишлари олиб борилди.

Минтақавий ҳамкорликнинг яна бир ёрқин натижаларидан бири Шимолий Оролдаги вазиятнинг яхшиланиши бўлди. Сирдарё бўйидаги   сув омборларининг иш тартибини мувофиқлаштириш ва давлатлараро келишувларни бажариш ҳисобига сўнгги уч йилда денгизга 6 миллиард куб метрдан ортиқ сув келиб тушди. Натижада Шимолий Оролнинг ҳажми 2022-йил охиридаги 18,9 миллиард куб метрдан 2025-йил охирида 23 миллиард куб метргача ошди.

Билим алмашинуви ва илмий экологик экспертиза соҳасида ҳам минтақавий ҳамкорлик кенгаймоқда. Ўзбекистонда атроф-муҳит ва иқлим ўзгаришини ўрганиш бўйича Марказий Осиё университетининг ташкил этилиши ушбу ҳамкорликнинг натижаси бўлиб, минтақада шу йўналишда кадрлар тайёрлаш ва қўшма тадқиқотларни ривожлантириш учун янги майдонга айланди.

Шундай қилиб, Марказий Осиёда ўзаро минтақавий экологик ҳамкорлик аста-секин амалий аҳамият касб этмоқда. Мамлакатлар умумий халқаро позицияни шакллантириш, мувофиқлаштириш механизмларини ривожлантириш, Оролбўйи экотизимларини тиклаш бўйича чора-тадбирларни амалга ошириш ва илмий-таълим базасини яратишда сезиларли натижаларга эришди.

Шу билан бирга, минтақадаги экологик муаммолар кўлами мувофиқлаштиришни кенгайтиришни тақозо қилмоқда. Трансчегаравий сув ресурсларини бошқаришда янада ўзаро мувофиқлаштирилган ёндашувларни ишлаб чиқиш, иқлим ўзгаришининг оқибатларига мослашиш чораларини кенгайтириш, сув ва экологик инфратузилмага узоқ муддатли инвестицияларни жалб этиш, шунингдек, умумий экспертлар базаси ва таҳлилий базани мустаҳкамлаш устувор вазифалар сифатида қолмоқда.

Кейинги йилларда Марказий Осиёнинг экологик кун тартиби самарадорлиги минтақа мамлакатлари сиёсий ҳамкорлик натижаларини барқарор қўшма механизмларга қанчалик изчил трансформация қила олишига боғлиқ бўлади.

Остона шаҳрида бўлиб ўтадиган Минтақавий экологик саммит иқлим масаласида умумий мақсадига эришиш йўлидаги яна бир қадам бўлади. Иқлим ва экологик муаммоларни бартараф этиш бўйича янги ва амалий ечимларни ишлаб чиқиш нафақат Марказий Осиё мамлакатларининг глобал иқлим кун тартибига қўшган ҳиссасини оширишга, балки экотизимлар барқарорлигини таъминлаш, ҳаво ифлосланишини камайтириш, табиий ресурсларни барқарор бошқариш ва устувор равишда сув ва энергетика ресурсларини бошқариш бўйича минтақавий вазифаларни ҳал этишга ҳам хизмат қилади.

Эльвира Бикеева,

МҲТИ лойиҳа раҳбари

Малика Сапармуҳаметова,
МҲТИ етакчи мутахассиси

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

On November 15, President Shavkat Mirziyoyev chaired a meeting on issues of uninterrupted energy supply to the population and sectors of the economy, improving efficiency at enterprises in the sphere.

The relevant tasks were identified at a video conference held on June 10. Today, the responsible persons reported on the work accomplished in fulfillment of these tasks and preparations for the autumn-winter season.

It was noted that gas is supplied in volumes commensurate with the growing demand of the population and sectors of the economy. As a result of the modernization of industries and increasing the energy efficiency of the economy, there is a decrease in losses. For example, in recent years, gas consumption for the production of industrial products has decreased by 1.6 times.

There is still a lot of work ahead. It is necessary to ensure a stable supply of energy to the population in the current season and subsequent years, and prepare a sufficient reserve for this.

These issues were discussed in the context of industries at the meeting.

According to calculations, 21 billion cubic meters of gas will be supplied to consumers this year during the winter season. If the air temperature drops sharply, the population's demand will increase even more. The responsible persons outlined a plan of action in such a situation by month and by district.

A separate reserve is provided for uninterrupted power supply to social institutions and enterprises. A system has been created for the targeted supply of natural gas to thermal power plants, chemical and metallurgical enterprises, as well as gas filling stations.

It was pointed out that it is necessary to resolutely continue the work started on accounting and control of gas in industries and further reduce losses. The task has been set to implement the identified gas saving opportunities in Andijan, Navoi and Tashkent regions, as well as other regions.

The Head of State gave instructions to responsible persons on organizing work at the level of districts and mahallas, solving issues related to energy supply directly on the ground, coordinating demand and consumption, and preventing interruptions.

The meeting also touched upon the processes of transformation in the gas sector. It was decided that industry enterprises will enter the international financial market and independently raise funds for modernization.

Digitalization and public-private partnerships offer the greatest opportunities in updating and regulating gas supply networks. In this regard, proposals were considered to attract private operators to the industry.

The President instructed to reduce the costs in the context of each industry and enterprises, optimize costs and accelerate the transformation process. The importance of expanding exploration activities with the involvement of leading foreign companies was emphasized.

Today's events and developments in the international arena once again demonstrate the growing need for the states of the Central and South Asian regions to achieve mutual understanding, solidarity, and a common goal. In this regard, the main goal of the Termez Dialogue on Connectivity between Central and South Asia, held on May 19, 2025, on the theme "Building a Common Space of Peace, Friendship, and Prosperity," was to strengthen regional connectivity and bring cooperation to a new level. It can be said that over the past year, significant results have been achieved on the topical issues discussed during the dialogue. The next Termez Dialogue is also aimed at discussing topical issues such as strengthening cooperation between Central and South Asia, deepening interregional ties and ensuring economic growth, as well as further improving security and sustainable development.

Cultural relations. It should be noted that today the city of Termez has become an important center for ensuring peace and stability in Afghanistan and restoring its economy. It is noteworthy that in the past, Termez was a center of intercultural and religious dialogue, where Zoroastrianism, Buddhism, Christianity, and Islamic traditions emerged and developed. Eldor Aripov, Director of the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan, noted that the city, located between the Greco-Bactrian, Kushan, and other ancient states, flourished during the Timurid era and became a major center of trade, craftsmanship, and science[1]. Indeed, if we look at our history, the countries of Central Asia and the South Asian region have always developed harmoniously as a single space, closely cooperating in all areas. The works of the great thinker Abu Rayhan Beruni "India," Zahiriddin Muhammad Babur "Baburnama" and other historical sources are clear evidence of these close ties. Furthermore, the following remarks by Muhammad Sobir Turkestani, Deputy Ambassador of Afghanistan to Uzbekistan, deserve attention: "Both Uzbekistan and Afghanistan are located on the land between two rivers, which was once called Mawarannahr." There are many similarities in our cultures.  The cultural heritage of Alisher Navoi is the wealth of the peoples of Uzbekistan and Afghanistan. The remains of our ancestor Alisher Navoi are in the Herat region. All the minarets built in Herat during the reign of Sultan Husayn Bayqara stand as a single complex. Zahiriddin Muhammad Babur was buried in Kabul. In a complex called Babur's Garden. There are also large cultural museums in Afghanistan. Our antiquities are kept in our museums in Kabul, Herat, and Mazar-i-Sharif.[2]" Undoubtedly, the main goal of our efforts today is to restore these historical ties, further strengthen the bonds of friendship and brotherhood between our peoples, and ultimately raise the development of our countries to a new level. To this end, Uzbekistan has been increasingly developing ties with South Asian countries in recent years.

It should be noted that the education sector in Afghanistan has experienced a deep decline due to the long-standing unstable situation. In such a situation, it should be noted that assisting the Afghan people in obtaining education and training personnel with modern knowledge and skills is one of the most rational ways to lead Afghanistan out of the crisis. In this regard, in accordance with the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan dated November 13, 2017, "On organizing the activities of the Educational Center for Training Afghan Citizens under the Ministry of Higher and Secondary Specialized Education of the Republic of Uzbekistan," an Educational Center for Training Afghan Citizens operates in the city of Termez, Surkhandarya region. During the 2018-2019 academic year, 96 students studied at the Center in the "Uzbek Language and Literature" direction, all of whom received a bachelor's degree from the Alisher Navoi Tashkent State University of Uzbek Language and Literature.

Economic relations. It should be noted that the impossibility of achieving any positive results with weapons and troops in establishing peace and stability on Afghan soil was once again confirmed by the withdrawal of US troops from Afghanistan in 2021. From this perspective, today Uzbekistan's economic ties with Afghanistan serve as one of the important factors in establishing peace and economic recovery in the country.

According to estimates by the Statistics Agency of Uzbekistan, mutual trade turnover amounted to $653 million in 2021, $688.8 million in 2022, $784.1 million in 2023, and $999.9 million in January-November 2024[3]. Over the past five years, trade turnover has increased 2.5 times, reaching $1.68 billion in 2025, while Uzbekistan's exports amounted to approximately $1.5 billion. The parties set a new medium-term goal to increase the volume of trade to $5 billion. Therefore, today Uzbekistan is becoming one of the key investors in Afghanistan. Specifically, according to a $1 billion agreement signed between Uzbekistan and Afghanistan, Uzbekistan will participate in the development of the Tuti Maidan gas field in the Jauzjan and Faryab regions for 10 years. The Termez International Trade Center, established in the Surkhandarya region, plays a very important role in implementing such trade and economic instruments. This shopping center is the first trade zone in Central Asia serving various entrepreneurs, especially Afghan entrepreneurs, who cooperate with Afghanistan. The shopping center features permanent exhibitions and fairs, an Uzbek-Afghan business school, a medical clinic for the treatment and provision of medical care to patients who are citizens of Afghanistan, a hotel, enterprises specializing in the production of precious metal jewelry, a multi-currency system, and other conditions that allow entrepreneurs to trade freely.

According to analytical data, 60% of Uzbekistan's total international traffic passes through the transit routes of Central Asian countries and Afghanistan. Uzbekistan's access to seaports through Afghanistan is 2-3 times shorter than the ports with access to the Black and Baltic Seas, and 5 times shorter than the route to Pacific ports[4]. According to economic analysts, the cost of delivering one container from Central Asia to South Asia through Afghanistan to seaports will decrease from $900 to $286. In addition, transportation time will be reduced from 35 days to 3-5 days. At the same time, export potential will also increase sharply. Improving transport and infrastructure communications and attracting international transit carriers to Central Asia is one of the most important tasks uniting the countries of the region. Its resolution is determined by the need to improve the socio-economic situation in the region.

In conclusion, it should be noted that this prestigious international conference will contribute to the further expansion of ties between our regions, the opening of new horizons for cooperation, and our confident progress on the path of peace and development.

Furthermore, the Termez Dialogue, as a platform for strengthening interregional connectivity and restoring common historical, cultural, and civilizational ties, opens opportunities for the development of new international transport and logistics corridors through Afghanistan. In the current difficult conditions of growing mutual trust and conflict of interests, such a format of cooperation as the Termez Dialogue is of great importance.

[1] Eldor Aripov: "Termiz muloqoti Markaziy va Janubiy Osiyo o‘rtasidagi o‘zaro bog‘liqlikni mustahkamlashda muhim ahamiyatga ega". (21.05.2025), https://daryo.uz/2025/05/21/eldor-aripov-termiz-muloqoti-markaziy-va-janubiy-osiyo-ortasidagi-ozaro-bogliqlikni-mustahkamlashda-muhim-ahamiyatga-ega

[2] Afg‘onistonda O‘zbekistonga aloqador madaniy boyliklar kam emas. (07.11.2023). https://xabar.uz/uz/madaniyat/afgonistonda-ozbekistonga-aloqador-madaniy-boyliklar-kam-emas

[3] O‘zbekiston Respublikasi Tashqi savdo aylanmasi. 2024-yil yanvar-noyabr oylari uchun dastlabki ma’lumot // O‘zbekiston Respublikasi huzuridagi Statistika agentligi. – B.4.

[4] Akmalov Sh. O‘zbekiston va Afg‘oniston: o‘tmishdan hozirgacha. Monografiya. – T.: “Zamon poligraf”, 2023. – B. 70.

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

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

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

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

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

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

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

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

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

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

Тошкент шаҳрида Ўзбекистон цемент саноатида иссиқхона газлари чиқиндилари бўйича илк тизимли баҳолаш натижалари муҳокама қилинди ҳамда паст углеродли иқтисодиётга ўтиш шароитида технологик модернизациянинг устувор йўналишлари маҳаллий ва халқаро экспертлар иштирокида муҳокама қилинди.

Тошкент, 2026 йил 28 апрель. Иқтисодий тадқиқотлар ва ислоҳотлар маркази (Марказ) Бирлашган Миллатлар Ташкилотининг Тараққиёт дастури (БМТТД) билан ҳамкорликда Ўзбекистон цемент саноатида углерод чиқиндиларини камайтириш масалаларига бағишланган давра суҳбатини ўтказди.

Тадбирда давлат ташкилотлари, соҳа мутахассислари, олимлар, саноат корхоналари, молия ташкилотлари ҳамда халқаро ташкилотлар вакиллари иштирок этди.

Тадбирдан мақсад цемент саноатида иссиқхона газлари чиқиндилари бўйича ўтказилган баҳолаш натижаларини муҳокама қилиш, шунингдек тармоқни технологик модернизация қилиш ва паст углеродли ривожланишга ўтиш бўйича амалий ёндашувларни ишлаб чиқишдан иборат бўлди.

Тадбирда сўзга чиққан Марказ директорининг ўринбосари Нозимжон Ортиқов тармоқни ривожлантириш ва углерод изини камайтириш ўзаро боғлиқ вазифалар эканини таъкидлади. Унинг сўзларига кўра, цемент ишлаб чиқаришни модернизация қилиш бир вақтнинг ўзида иқтисодий ўсишни таъминлаш ва тармоқнинг экологик барқарорлигини ошириш имконини беради.

Ўзбекистондаги БМТТД доимий вакилининг ўринбосари Анас Карман қурилиш соҳасининг мамлакат иқтисодиётидаги муҳим ўрнини таъкидлаб, цемент ишлаб чиқаришда паст углеродли ечимларни жадал жорий этиш зарурлигини қайд этди.

Марказ мутахассислари Абдурашид Бозоров ва Бахтиёр Исмоилов цемент саноатида иссиқхона газлари чиқиндилари бўйича комплекс базавий баҳолаш натижаларини тақдим этди. Ушбу баҳолаш иқлим ўзгариши бўйича Ҳукуматлараро экспертлар гуруҳи методологияси асосида тайёрланган.

Цемент саноатини декарбонизация қилиш Ўзбекистоннинг халқаро иқлим мажбуриятлари нуқтаи назаридан алоҳида аҳамият касб этмоқда. Янгиланган мақсадларга мувофиқ, мамлакат 2035 йилга қадар ялпи ички маҳсулотнинг углерод сиғимини 2010 йилга нисбатан 50 фоизга камайтиришни режалаштирмоқда. Шунингдек, 2060 йилга бориб углерод нейтраллигига эришиш имкониятлари ҳам кўриб чиқилмоқда.

Шу билан бирга, цемент саноати барқарор ўсишни намоён этмоқда. Сўнгги йилларда ишлаб чиқариш ҳажми икки баравардан ортиқ ошиб, 2019 йилдаги 10,5 миллион тоннадан ҳозирги кунда 20 миллион тоннадан зиёд кўрсаткичга етди. Экспертлар фикрича, инфратузилма ва қурилиш соҳасининг ривожланиши туфайли талаб юқори даражада сақланиб қолади.

Тақдим этилган маълумотларга кўра, мамлакатда йиллик умумий қуввати тахминан 37 миллион тонна бўлган 24 та цемент заводи фаолият юритмоқда. Шу билан бирга, амалдаги ишлаб чиқариш ҳажми тахминан 21,5 миллион тоннани ташкил этмоқда.

Таҳлиллар шуни кўрсатадики, энг йирик 13 та корхона умумий ишлаб чиқариш ҳажмининг қарийб 95 фоизини таъминламоқда. Бу эса ишлаб чиқаришнинг юқори даражада жамланганини кўрсатиб, технологик модернизация учун қулай шароитлар яратиш зарурлигини англатади.

Марказ баҳолашларига кўра, цементнинг асосий таркибий қисми бўлган клинкер ишлаб чиқариш босқичида углерод диоксиди чиқиндилари йилига тахминан 9 миллион тоннани ташкил этади (энергия сарфи, ёқилғи ва транспорт харажатлари ҳисобга олинмаган ҳолда). Шу муносабат билан, йирик корхоналарни модернизация қилиш тармоқда чиқиндиларни камайтириш салоҳиятининг асосий қисмини таъминлаши қайд этилди.

Тадқиқот натижалари, жумладан цемент ишлаб чиқаришнинг тахминан тўртдан уч қисмини таъминлайдиган 16 та етакчи корхона ўртасида ўтказилган сўров ҳамда халқаро кўрсаткичлар билан таққослама таҳлиллар тармоқда углерод изини камайтириш бўйича катта имкониятлар мавжудлигини кўрсатмоқда. Хусусан, бу салоҳият цемент таркибини оптималлаштириш, ишлаб чиқаришда энергия самарадорлигини ошириш ва муқобил ёқилғи турларидан фойдаланишни кенгайтириш билан боғлиқ.

Шу билан бирга, тармоқни янада ривожлантириш ва “яшил” инвестицияларни жалб этиш молиялаштириш шароитларини такомиллаштиришни, замонавий технологияларга кириш имкониятларини кенгайтиришни, тартибга солувчи жараёнларни соддалаштиришни, шунингдек малакали кадрлар тайёрлаш ва экологик тоза маҳсулотларга бўлган талабни шакллантиришни талаб этади.

Энергия самарадорлигини ошириш, клинкер улушини камайтириш, ортиқча иссиқликни қайта ишлатиш технологияларини жорий этиш ва углеродни ушлаб қолиш ечимларини ривожлантиришни ўз ичига олган чора-тадбирлар мажмуасини амалга ошириш чиқиндиларни барқарор камайтириш ҳамда тармоқ рақобатбардошлигини ошириш имконини беради.

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