Hey, great Turan, land of lions!
What has become of you? What are these days you endure now?
Oh, glorious cradle of Genghis, Timur, Oghuz, and Attila!
Where have the esteemed seats you once held gone?..
Abdurauf Fitrat
An American politician once said of the current life and fate of the Central Asian region: ‘They are neither post-Soviet nor post-communist countries now’.
Today no specialist knowledge is needed to understand this idea, which suggests that such labels are outdated in the research community. For example, ten to fifteen years ago the political behaviour of Central Asian societies – neighbours for thousands of years – was prone to national separatism, mutual dislike and latent hostility, but today they have undergone a remarkable transformation. Ideologues and ordinary Central Asians only a couple years ago endeavoured to prove their superiority, their antiquity and, for these very reasons, their greater belonging to the historical and cultural heritage of the region. Though they still might hurl some sharp insults at each other, now they have become united neighbours.
Every day we see and hear of events that illustrate this unity and provide concrete evidence of it. Meanwhile, as already noted, some latent and outdated policies of these neighbouring countries towards each other still attempt to turn the common cultural heritage of the region into a language of hatred.
As a result of Soviet nationalisation and post-Soviet ideologisation, these five states in the Eurasian centre, the land that once founded great empires and was famous throughout the world, unfortunately turned away from one another after gaining independence. This, in turn, allowed the region to remain a geopolitical object for the modern world’s empires.
At this moment, I do not intend to delve into the geopolitical picture of the region and its current situation. I would like to share my brief thoughts on the bold steps and the international image of what Uzbek leadership is calling ‘New Uzbekistan’. The country is transforming day by day and now has the ability to directly influence regional processes.
These joyful events have made me take up my pen.
Dear forum participants!
Dear guests!
I sincerely congratulate you, all those who make a worthy contribution to the development of the holy religion Islam, on the opening of the international scientific-practical conference dedicated to the study of the scientific heritage of the great muhaddis Imam Termezi in the homeland of outstanding Muslim scholars - in Uzbekistan.
It is gratifying that today's authoritative forum is attended by renowned specialists in the field of Islamic studies - prominent scholars and ulema, experts and researchers. In your person we see the continuers of the good traditions of the great thinkers who are the pride of the Muslim world - Imam Bukhari and Imam Termezi.
May the Almighty bless you, I wish you happiness and prosperity!
Dear friends!
Speaking about our outstanding ancestors-scientists, bright representatives of the Islamic world of the Middle Ages, we, of course, among the first names of Hazrat Imam Termezi.
We are rightfully proud of this incomparable person, the favorite disciple of the great Imam Bukhari, who was honored with the high rank of Sultan of Muhaddis, who has been glorifying our region for twelve centuries with his undying works and high human qualities.
Imam Termezi is recognized in the world as one of the six great muhaddis, his collection of hadiths is among the most revered and reliable sources, and the Muslim Ummah bows before the name of this outstanding man.
Another practical expression of such recognition is the fact that the topic for discussion at today's conference was the unique works of Imam Termezi “Ash-Shamoil al-Muhammadiyya” and “Sunani Termiziyya”, as well as important issues concerning the scientific heritage of the Ulema Termezis and its relevance today.
Dear participants of the conference!
In recent years, a great work has been carried out in our country to study and popularize the invaluable heritage of many of our thinkers-theologians who made a great contribution to the development of the Islamic religion, to honor their memory, to improve the places associated with their life and activities, including Imam Termezi.
It should be noted that a magnificent memorial complex has been erected in his honor in Sherabad district of Surkhandarya province, and an international research center, a specialized Islamic secondary school and an Islamic institute have been opened in the city of Termez bearing his name.
These institutions, together with the International Islamic Academy of Uzbekistan, the Centre for Islamic Civilization, the Hadith Scientific School and other religious educational and research organizations, are studying the rich heritage of Imam Termezi in a comprehensive and in-depth manner. In particular, works of the thinker are published, scientific researches, books and artistic works are dedicated to him.
I hope that after familiarizing yourselves with the work carried out in this direction within the framework of the conference, you will express your opinions and proposals on further activation of cooperation in this field.
We, the heirs of great scientists, emphasizing that Islam is a religion of peace, goodness and humanism, on the way of realization of good hopes and aspirations of mankind, consider it our most important duty to jointly enrich this incomparable spiritual treasure and preserve it for future generations.
I express my deep gratitude to the scientists and ulema of our country and to you, dear guests, to all figures of science who show real dedication for such a noble goal.
The doors of the leading research and educational institutions of Uzbekistan are always open for you.
Greeting you once again from the bottom of my heart, I wish you health, new achievements in your scientific and creative activities, and a successful conference.
Shavkat Mirziyoyev,
President of the Republic of Uzbekistan
Relations between Uzbekistan and Azerbaijan have in recent years become one of the most dynamic links between Central Asia and the South Caucasus. They are underpinned by sustained dialogue between the two countries’ leaders, political trust, cultural and historical affinity, and growing mutual interest in trade, investment, transport, industry, energy, and the development of transport routes. Consequently, bilateral cooperation is increasingly moving beyond traditional partnership and evolving into comprehensive economic cooperation.
Regular high-level contacts provide the strategic framework for this work. In recent years, the two countries’ leaders have exchanged state and working visits, giving the relationship sustained political momentum. The Joint Commission on Bilateral Cooperation remains the principal mechanism for intergovernmental coordination. Fourteen meetings have already been held, while the forthcoming meeting in Tashkent is expected to give fresh impetus to trade, investment, and economic cooperation.
Direct interregional ties remain an important element of this architecture. The intergovernmental agreement on interregional cooperation, regional forums held in Tashkent, Quba, and Baku, as well as agreements signed between cities of the two countries, demonstrate that the partnership is gradually moving from government-level decisions towards practical cooperation between regions. The forthcoming Forum of Regions could provide a platform for concrete agreements in trade, industry, tourism, and urban infrastructure.
Trade statistics confirm the growing economic interest. By the end of 2025, bilateral trade had reached USD 307.3 million. The positive trend strengthened in January–May 2026, with trade turnover increasing by 38.2%. The next target is to raise bilateral trade to USD 1 billion by 2030.
To consolidate this trend, it is important to move beyond growth in individual product categories towards a more sustainable supply model. This involves expanding the range of traded goods, developing promotion and distribution channels, opening a trade mission of Uzbekistan in Baku, and making use of new logistics opportunities. Within this framework, the southern route is of particular importance: promoting Azerbaijani products through trade platforms in Termez could facilitate access to neighbouring markets and give bilateral trade a broader regional dimension.
The investment component is supported by the growing presence of Azerbaijani businesses in Uzbekistan. As of July 2026, 442 enterprises with Azerbaijani capital were operating in the country. Their activities cover trade, mechanical engineering, metalworking, finance, insurance, real estate, energy, services, food production, and light industry. This indicates a transition from one-off trade transactions to more sustainable forms of business engagement.
The Azerbaijan–Uzbekistan Investment Company provides the financial foundation for some of these initiatives. Its current portfolio comprises nine projects with a total value of USD 651 million, with the company’s financing amounting to USD 170.9 million. Funding has already been allocated to four projects, while five more have received approval. The importance of this instrument lies not only in the volume of available resources but also in its ability to translate political agreements into practical solutions in trade, education, healthcare, industry, logistics, and the financial sector.
On this basis, industrial cooperation is acquiring tangible substance. The automotive industry is one of the key areas: the production of Chevrolet vehicles and Isuzu commercial vehicles is being developed in Azerbaijan with the participation of Uzbek enterprises, while the expansion of the production facility in Hajiqabul is expected to ensure a deeper manufacturing cycle, including welding and painting. This format is important because it involves not merely the supply of finished products but also the development of assembly and component supply chains and technological exchange.
Sectoral opportunities are not limited to the automotive industry. In the mining sector, the parties are developing cooperation in the geological exploration and development of precious and critical metal deposits in Uzbekistan. This strengthens the industrial dimension of the bilateral agenda and creates a foundation for more technologically advanced cooperation in the field of mineral resources.
Alongside the mining industry, oil and gas and chemical cooperation hold considerable potential. SOCAR’s participation creates opportunities for joint work in geological exploration, energy supplies, processing, and the development of related services. In a broader context, this makes it possible to view cooperation not only through the lens of the raw materials sector but also as a foundation for industrial and technological linkages with significant practical value.
Transport and logistics occupy a special place in bilateral cooperation. The production and use of ferries for Uzbekistan’s needs, with access to routes through the ports of Kuryk and Alat, are currently under consideration. For Uzbekistan, this represents an additional opportunity to strengthen access to Trans-Caspian transport links, while for Azerbaijan it offers a means of expanding the role of its ports and logistics infrastructure in the movement of goods between Central Asia, the Caucasus, and external markets.
Urban development, tourism, and municipal infrastructure are also of particular importance. Major projects involving Azerbaijani investors are being implemented in Tashkent, including hotel, tourism, and residential complexes. Within the bilateral agenda, these investments are significant not only as capital invested in real estate but also as a contribution to the quality of the urban environment and the development of tourism and the service economy.
Light industry remains another closely related area of cooperation. Cotton and textile clusters involving Uzbek companies are being developed in Azerbaijan, allowing the parties to combine the raw-material base, manufacturing expertise, and access to new markets. In the longer term, such cooperation could increase exports of finished textile products and reduce dependence on trade in raw materials.
The sectoral framework is complemented by cooperation in finance, construction materials, electrical engineering, food production, agriculture, pharmaceuticals, and jewellery. Projects in these areas are at different stages of development, but collectively they broaden the foundation of bilateral cooperation.
The strength of the current Uzbek-Azerbaijani model lies in its combination of political trust and practical instruments: investment capital, production chains, interregional ties, and Trans-Caspian logistics. In this context, transport routes are becoming more than merely a logistics issue; they are evolving into part of a broader economic architecture connecting markets, enterprises, and regions. Cooperation between the two countries is therefore increasingly viewed as one of the sustainable bridges linking Central Asia, the Caucasus, and external markets.
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)
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.
Cooperation between the Republic of Uzbekistan and the Czech Republic in the field of tourism has been developing actively in recent years and is gaining a stable and sustainable character.
Both countries view tourism not only as an economic sector but also as an important tool for cultural exchange, strengthening international relations, and fostering mutual understanding between peoples. Within the framework of bilateral cooperation, joint tourism forums and presentations of tourism potential are regularly organized, and collaboration is being developed between tourism companies and educational institutions. Participation in international exhibitions also plays a significant role, where Uzbekistan promotes its historical and cultural routes, while the Czech Republic presents European travel destinations.
One of the reasons for the growing interest of Czech citizens in Uzbekistan is its rich historical heritage. Cities such as Samarkand, Bukhara, and Khiva—important centers of the ancient Great Silk Road—attract tourists with their unique architecture and the atmosphere of Eastern civilization. For Czech travelers, these destinations are of particular value, as they offer an opportunity to experience history preserved in a living form, distinct from the familiar European cultural landscape.
Another important factor is the exotic and authentic character of Uzbekistan. Tourists from the Czech Republic highlight the unique atmosphere of oriental bazaars, the diversity of national cuisine, the richness of traditions, and the hospitality of local people. All of this creates a truly unique travel experience that is difficult to find in more mass tourism destinations.
A significant role in the growth of tourist flows is also played by the development of Uzbekistan’s tourism infrastructure. A visa-free regime has been introduced for citizens of the Czech Republic, hotels are being modernized, and the transport network is expanding, including domestic flights and high-speed rail connections between major cities. All this makes travel more comfortable and accessible for European tourists, including Czech citizens.
Cultural and educational exchange remains another important area of cooperation. Czechs show interest in Uzbek crafts such as carpet weaving, ceramics, and national embroidery, as well as traditional music and dance. In addition, academic and business exchanges are developing, including participation in conferences, educational programs, and business initiatives, further strengthening ties between the two countries.
A significant milestone in bilateral cooperation was the workshop “Beginning of the Czech Odyssey. Popular Spa Resorts of the Czech Republic,” held in Tashkent with the participation of representatives of government agencies, the diplomatic corps, leading Czech spa resorts and hotels, as well as Uzbek tour operators.
During the event, new tourism products of the Czech Republic were presented, and prospects for expanding cooperation in spa, medical, and wellness tourism were discussed. Special attention was paid to building long-term partnerships between tourism companies of both countries.
Additional momentum to cooperation was provided by the visit of a working group of the Tourism Committee of the Republic of Uzbekistan to Prague, where negotiations were held with representatives of the Czech Ministry for Regional Development, relevant associations, and leading tourism companies. The meetings focused on expanding tourism exchange, developing institutional cooperation, and implementing joint tourism initiatives.
Despite positive dynamics, certain infrastructural limitations remain, in particular the absence of direct and more convenient air connections between cities of the two countries, which somewhat constrains further growth in tourist exchanges.
In the future, cooperation between Uzbekistan and the Czech Republic in tourism is expected to expand further. Growth in tourist flows, development of new routes, improved transport accessibility, and implementation of joint cultural and sustainable tourism projects are anticipated. All of this will contribute to strengthening bilateral relations and make Uzbekistan an even more attractive destination for tourists from the Czech Republic.
Ahead of the second meeting of the Termez Dialogue on Connectivity between Central and South Asia, a landmark event for interregional integration scheduled for June 4–6, Akramjon Ne’matov, First Deputy Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan, answered questions from Dunyo IA.
— Akramjon Ilhomovich, the second meeting within the framework of the Termez Dialogue will begin in the coming days. What is on the agenda of this forum, and what are its key priorities? Most observers primarily associate this process with economic issues — railways, energy infrastructure, and transit trade. Is this the core essence of connectivity?
— Undoubtedly, the economy is one of the key components. Economic cooperation creates tangible shared interests that bind states together, generates mutual benefits, and serves as the foundation for the prosperity and growth of our peoples. Naturally, when we speak about transregional connectivity, logistics, trade, transport corridors, energy, and infrastructure constitute the essential and tangible foundation of this process.
However, connectivity cannot be measured solely in economic terms. Our agenda is far broader, and our objectives are far more ambitious. We are speaking about the creation of a common space of trust, sustainable development, and indivisible security across the vast Eurasian continent.
That is precisely why the agenda of the Termez Dialogue is so comprehensive and why its composition of participants is highly inclusive. This year’s meeting is being organized in partnership with the Conference on Interaction and Confidence Building Measures in Asia (CICA). This is no coincidence, as CICA’s core mission has always been to strengthen confidence-building measures across Asia. The dialogue is also being actively supported by the United Nations Regional Centre for Preventive Diplomacy for Central Asia (UNRCCA) and the United Nations Assistance Mission in Afghanistan (UNAMA).
Although Central and South Asia remain at the geographic core of the discussions, countries from across the Eurasian space and beyond are full-fledged participants and stakeholders in this dialogue, as clearly evidenced by the delegations arriving from Azerbaijan, China, Germany, Qatar, Russia, Switzerland, Türkiye, the United Kingdom, the United States, and many other countries.
It is important to emphasize that the Termez Dialogue itself represents a practical embodiment of President Shavkat Mirziyoyev’s global initiative aimed at strengthening connectivity between Central and South Asia. This strategic vision received unanimous international support and was formally enshrined in a special United Nations General Assembly resolution adopted in 2022. The significance of this resolution can hardly be overstated: it established a long-term international legal framework for transregional rapprochement and recognized it as a key factor for sustainable development. More broadly, this step clearly reflects our President’s far-sighted strategic approach, which is based on the consistent development of interstate relations grounded in mutual benefit, genuine good-neighborliness, and preventive peacebuilding.
The dialogue is also co-organized by respected peacebuilding organizations, political foundations, and leading academic institutions. Among them are the Konrad Adenauer Foundation, the Berghof Foundation (Germany), PeaceNexus (Switzerland), Search for Common Ground (United States), as well as the renowned Georgetown University. Our shared objective is to establish a genuinely inclusive multilateral platform for comprehensive and open dialogue.
— What does the programme of the upcoming dialogue include? Will it be limited solely to official plenary sessions?
— Our dialogue is a large-scale three-day forum, and its programme extends far beyond traditional plenary sessions. We seek to combine profound theoretical discussion with practical outcomes.
In addition to the main sessions, the programme includes a wide range of important side events.
In particular, the forum will host a series of expert and academic discussions devoted to cooperation between the countries of Central Asia and Afghanistan, the development of dialogue within the Afghanistan–Uzbekistan–Pakistan dialogue format, issues of regional identity in Central Asia, as well as the promotion of youth dialogue on peacebuilding and sustainable development.
The primary purpose of these discussions is to mobilize intellectual and analytical expertise in support of a constructive cooperation agenda, deeper mutual understanding, and the establishment of long-term mechanisms for regional interaction.
Moreover, the programme includes on-site sessions. Participants of the dialogue will travel to Termez to familiarize themselves firsthand with the modern infrastructure facilitating trade, economic, and logistics cooperation with South Asian countries, including the activities of the Ayrtom International Trade Center and the Termez Cargo Center international logistics hub, while also experiencing the rich cultural and historical heritage of this ancient city.
The third day of the dialogue will take place in Samarkand, where delegates will explore the unique civilizational legacy of the Renaissance of Samarkand, which historically served as a bridge between East and West, North and South.
— How exactly is economic growth connected with stability and security? Is this purely a matter of business calculation, or do economic projects represent something greater?
— Absolutely, it represents something far greater. We are speaking about the formation of long-term strategic common interests. Large-scale cross-border projects are designed to firmly connect regions and deepen their interdependence. When countries become economically invested in joint creation and development, conflict ceases to serve the interests of any participant.
Moreover, sustainable economic growth removes the social foundations of destructive phenomena such as poverty, unemployment, and social marginalization, which have traditionally served as the principal fuel for radicalism and instability. Economic development addresses the root causes of challenges rather than merely dealing with their consequences.
Take, for example, the Trans-Afghan Railway Corridor project — “Termez–Mazar-i-Sharif–Kabul–Naibabad–Kharlachi”. For the countries of Central Asia, it provides the shortest route to the ports of the Indian Ocean, reducing logistics costs by 30–40 percent. For Pakistan and South Asia, it creates direct access to the resources and markets of our region.
This project will serve as a powerful driver for the development of adjacent sectors of the economy, creating new jobs, generating budget revenues, and opening the path toward accelerated technological advancement. Most importantly, however, this corridor integrates Afghanistan into the processes of peaceful and constructive development.
Thus, the Trans-Afghan railway is not merely a commercial or engineering project — it is a highly effective peacebuilding instrument that creates long-term economic incentives for peace on Afghan soil. The same principle applies to other major cross-border initiatives such as CASA-1000 and the TAPI gas pipeline. Their greatest value lies in the fact that they create a shared and indivisible interest among all parties in maintaining long-term peace and stability across the region.
— What role do the shared ecosystem and climate change issues play on the agenda? Central and South Asia are facing enormous pressure from environmental challenges.
— This is one of the most important and sensitive issues. Nature and our shared ecosystem most clearly demonstrate the inseparable link between our regions and the vital necessity of collective responses to common challenges.
Climate change illustrates how closely interconnected water security, food security, energy security, transport systems, and human livelihoods truly are. When the glaciers of the Pamirs and Tien Shan melt, this directly affects water supply and agriculture in both Central and South Asia.
Droughts and extreme weather events are our common challenges, requiring exclusively joint responses, because they directly affect the existential foundations of life for hundreds of millions of people and shape the trajectory of our sustainable development.
That is why the agenda of the dialogue includes issues related to joint adaptation and environmental sustainability. We are convinced that effective solutions cannot consist of isolated national measures; they must have a transboundary character.
We are actively engaged in this area. In particular, our Afghan partners are permanent participants in the water dialogue organized by Uzbekistan and Central Asia as a whole. Afghan delegations have actively participated in Tashkent Water Week, conferences on water diplomacy, and other regional environmental forums.
There is an ongoing joint search for mutually acceptable and equitable solutions in the sphere of shared water resource management, because nature does not recognize political borders. Today, we increasingly see that issues which could potentially become sources of tension, when approached properly, can instead provide the foundation for mutually beneficial cooperation.
The growing awareness of our shared environmental threats is becoming a powerful driver of our collective constructive efforts.
— What place do culture and the humanitarian dimension occupy within this large-scale transregional framework? How important are they?
— I would answer this way: they constitute our principal and foundational direction. Although we began our conversation with economics, infrastructure, and climate issues, I am convinced that cultural and humanitarian connectivity must come first. Economy and logistics form the skeleton, but culture and shared historical memory are the soul and heart of our integration.
It is important to understand that our countries share a common space of cultural, historical, and civilizational development. We are not building bridges of trust from scratch — this foundation was formed over centuries.
The Termez Dialogue itself is named after the ancient city of Termez, which for millennia served as a gateway for civilizational exchange between Central and South Asia.
On this land, the destinies and traditions of great empires became intertwined — beginning with Sogdiana, ancient Bactria, and the Achaemenid state, and continuing through the era of the Greco-Bactrian Kingdom, where a unique synthesis of Eastern and Hellenistic cultures emerged.
This was followed by the Kushan Empire, which presented the world with one of the earliest examples of comprehensive interregional integration and transformed Termez into a key hub of the Great Silk Road.
During the Middle Ages, the Turkic Khaganates acted as reliable guarantors of the security of trans-Eurasian trade routes, while the Ghaznavid dynasty created a powerful bridge of statehood linking the high culture of Mawarannahr with the plains of Hindustan.
Finally, the Timurid era and the Mughal Empire founded by Babur became the ultimate culmination of this synthesis. The architectural masterpieces of Samarkand and Bukhara found direct reflection in the majestic ensembles of Delhi, Agra, and Lahore, while a unified cultural layer emerged at the intersection of Old Uzbek, Persian, and Sanskrit languages. Its musical and poetic traditions continue to live within the cultural memory of our peoples to this day.
For centuries, this macro-region developed as a sacred crossroads of world religions. Bactria was one of the cradles of Zoroastrianism. From here, Buddhism spread through Afghanistan to the north and east — the Buddhist monasteries of Fayaztepa and Karatepa in Termez still preserve the memory of this spiritual bridge.
Nestorian Christianity, Tengrianism with its profound ecological philosophy of harmony between humanity and nature, and, of course, Islam — which absorbed the great heritage of religious tolerance and gave rise to the phenomenon of the Eastern Renaissance — all coexisted peacefully in this region.
All of this shaped a unique and resilient culture that has not disappeared but continues to live within our daily practices, thoughts, and traditions.
However, this heritage cannot survive in collective memory on its own — it must constantly be revived and recreated. History is an ongoing act of retelling, and our key task is to restore this great historical truth to active public consciousness.
I am deeply convinced that awareness of this shared heritage will significantly strengthen our collective responsibility for preserving peace and stability.
— But why does this heritage seem forgotten today?
— Unfortunately, over the past century and a half, this historical memory was systematically and deliberately erased from our consciousness.
We were artificially subjected to the destructive colonial stereotype of the “Great Game,” along with the false notion that our regions are doomed to perpetual fragmentation, geopolitical rivalry among external powers, and endless conflict.
To a considerable extent, we still remain under the influence of this harmful stereotype, perceiving Afghanistan exclusively through the prism of threats, while viewing South Asia as something distant, alien, and insecure.
But we are not standing on barren ruins. Our shared history remains alive.
Reviving this historical memory, developing profound expert discourse, and restoring awareness of our shared civilizational greatness represent an enormous historical responsibility borne by today’s generations and political elites. This is precisely one of the principal existential objectives of the Termez Dialogue.
When citizens, intellectuals, and leaders in Tashkent, Delhi, Islamabad, and Kabul begin to see one another not merely as business counterparts, but as heirs to a common cultural code, an entirely new level of trust will emerge.
This sense of belonging to a shared heritage will become the most reliable internal safeguard against any attempts by external actors to destabilize the region or exploit regional contradictions.
The awareness of the indivisibility of our shared destiny will compel nations to choose a constructive agenda without alternative and to reject war once and for all.
Ahead of the Tashkent round of the Termez Dialogue, it is becoming increasingly evident that Uzbekistan is offering the international community a fundamentally different and deeply thought-out philosophy of integration.
This is not merely a technocratic approach to building railways or laying power transmission lines. It is a doctrine in which physical infrastructure serves only as the material embodiment of strong invisible ties rooted in a shared history.
Once this fundamental sense of responsibility and belonging is established, trade routes, investment flows, and climate initiatives will function naturally and sustainably, because the economy will become a logical continuation of mutual civilizational affinity.
The Termez Dialogue is returning to the peoples of Asia their own history, reminding them of what must be cherished and for the sake of what great future peace and stability must be preserved on this sacred land.
Dunyo IA
On 24 October 2025, Uzbekistan and the European Union signed the Enhanced Partnership and Cooperation Agreement (EPCA) — a comprehensive framework that culminates negotiations launched in February 2019 and initialled in July 2022. More than a ceremonial milestone, the EPCA codifies a strategic upgrade in our relationship with the EU. It is broad in scope — nine titles, 356 articles, and 14 annexes — and practical in ambition: to align our cooperation with the realities of a rapidly changing world economy while reinforcing the rule-of-law foundations of sustainable development at home.
The agreement’s timing is revealing. Uzbekistan’s recent balanced, multi-vector foreign policy and people-centred reforms — strengthening the rule of law, expanding public administration openness, and advancing market reforms — have laid the necessary groundwork. These steps in human rights and governance have increased international confidence, enabling a rules-based partnership with Europe. The EPCA is both a vote of confidence in Uzbekistan’s reform trajectory and a tangible roadmap to deliver measurable outcomes.
Economically, the EPCA offers a clear pathway for integration and growth. It promotes approximation to EU norms on technical regulations, product safety, and sanitary and phytosanitary measures. The agreement is designed to reduce non-tariff barriers, simplify border procedures, and make our exporters more competitive in the EU market. It encourages joint ventures and industrial clustering, extends agro-processing and manufacturing value chains, and supports energy efficiency and industrial modernisation. In short: more trade, more investment, and more quality jobs at home.
Human capital is an equally central pillar. The EPCA expands cooperation across education, science, skills development, and public health. It encourages joint university programmes, faculty and student exchanges, and research grants — mechanisms that accelerate knowledge transfer and help align our skills base with the demands of a digital and green economy. The spillovers are immediate and tangible: better public services, higher productivity, and new career pathways for our young people.
The rule-of-law dimension is another strategic gain. Deeper cooperation on judicial reform, anti-corruption, data protection, and cybersecurity increases predictability for investors and protections for citizens. The agreement’s chapter on foreign and security policy expands dialogue on conflict prevention, crisis management, non-proliferation, and export controls. This cooperation supports regional stability, which is essential for long-term growth.
Connectivity is the backbone that makes these ambitions feasible. Through synergies with the EU’s Global Gateway initiative and the Trans-Caspian Transport Corridor, the EPCA supports logistics hubs, border modernisation, and greener infrastructure. Better connectivity means lower trade costs, faster delivery times, and diversified export routes — practical levers for competitiveness. It also enables cooperation on water management, climate adaptation, and resilient energy systems — strategic priorities for a land-linked Central Asian economy.
Critically, the EPCA opens structured avenues for collaboration on critical raw materials needed for the green and digital transitions. This builds on the EU-Uzbekistan memorandum of understanding signed in 2024. It creates opportunities to upgrade domestic standards, attract responsible investment, and join higher segments of global value chains, while maintaining environmental and social safeguards.
Beyond the text, the joint statement issued at the signing underscores a shared commitment to the UN Charter and to the principles of independence, sovereignty, and territorial integrity — principles that guide our positions in international fora. It also welcomes the outcomes of the EU–Central Asia Summit, including plans for a Central Asia–EU Economic Forum and a Trans-Caspian Connectivity Investors Forum in Tashkent in 2025. In short, the EPCA is embedded in a wider, forward-looking regional agenda.
In practical terms, success requires implementation of three clear priorities: coordinated institution building, enhanced business support, and transparent, data-driven tracking. These will ensure commitments translate to outcomes.
First, institutional coordination. Translating commitments into outcomes requires a whole-of-government mechanism with clear mandates, timelines, and dashboards. A national EPCA coordination council, supported by technical working groups, should steer approximation to EU standards, monitor progress, and troubleshoot bottlenecks.
Second, business enablement. Firms need guidance to navigate new standards and opportunities. An 'EU Helpdesk' for exporters and investors would offer practical advice on certification, rules of origin, and compliance. This would turn legal text into business practice. Expanding the capacity of testing, inspection, and certification bodies will further reduce transaction costs and speed market entry.
Third, open, data-driven delivery. Customs and trade facilitation should be fully digitised through single-window systems and interoperable data exchange. Regular public reporting on milestones — such as education partnerships, financed projects, and adopted standards — will sustain credibility and invite feedback from business and civil society.
The EPCA also aligns with Uzbekistan’s WTO accession path by encouraging market-based reforms and transparent, rules-based trade. As reforms deepen, our economy will see more diversified exports, stronger investor protections, and a more competitive domestic market. These outcomes raise household incomes and expand opportunity.
This agreement is ambitious by design. Ambition alone is empty; execution alone is stagnant. The EPCA combines both — setting a high bar and supplying the means to reach it. By acting decisively, we turn this framework into a catalyst for inclusive growth, institutional maturity, and global credibility.
Ultimately, the EPCA is more than a diplomatic success; it is the engine for Uzbekistan’s reform agenda. By linking citizen welfare, business competitiveness, and international engagement, the EPCA puts us on a path to fundamental transformation. The critical task ahead is to deliver on this promise and make the Uzbekistan-EU partnership impactful and enduring.
By Eldor Tulyakov,
Executive Director, Development Strategy Centre, Uzbekistan
This May, Baku will serve as the world's leading platform for discussions on the future of cities. From May 17 to 22, the capital of Azerbaijan will host the 13th Session of the World Urban Forum – the United Nations' leading global forum on sustainable urbanization. The forum's theme is "Housing for All: A Better Urban Future." Organizers indicate that the forum will address both the global housing crisis and the broader impact of housing on building inclusive, resilient, and climate-adapted urban environments.
According to UN-Habitat, nearly 3 billion people worldwide currently lack access to safe and affordable housing, more than 1.1 billion live in informal settlements or slums, and over 300 million are entirely without shelter.
For Uzbekistan, participation in this forum represents an opportunity to present its unique model of urban transformation to an international audience. Having moved beyond its image as a predominantly agrarian republic with ancient historic cities, the country today projects a new reality – expanding agglomerations, large-scale infrastructure modernization, and the growing significance of regional centers.
According to the National Committee on Statistics, as of January 1, 2026, the permanent population of the Republic of Uzbekistan exceeded 38 million, with the urbanization rate reaching 51 percent, representing nearly 20 million urban residents.
These figures mark a significant historical milestone. Uzbekistan has entered a stage in which national strength is measured not only by the throughput capacity of export corridors or the number of industrial zones, but also by the quality, connectivity, environmental sustainability, and economic productivity of its cities.
In contemporary Uzbekistan, a city is no longer merely an administrative unit. It is a place where young people receive education, entrepreneurs launch businesses, families seek affordable housing, and the state tests new approaches to infrastructure, transportation, and territorial governance. Rapid urbanization, however, is frequently perceived as a source of risk.
Indeed, when a city grows faster than its engineering networks, transportation arteries, and social infrastructure – schools, hospitals, parks –it begins to generate social tension rather than opportunity.
The Uzbek experience, however, is of particular interest precisely because urbanization is increasingly treated as a manageable resource for development. This process encompasses not only the construction of new districts, but also a transition toward a fundamentally higher quality of urban environment.
As the President of Uzbekistan has noted, each 1-percent point increase in the urbanization rate generates at least 1 percent of additional economic growth, with commensurate increases in investment flows, business and startup activity, and labor productivity. For this reason, Uzbekistan is developing a unified approach to the sustainable management of urbanization across the country.
To this end, the National Committee on Sustainable Urbanization and Housing Market Development has been established, tasked with implementing state policy in the areas of urbanization, housing construction, urban renewal, and mortgage lending. The Committee will also coordinate and advance programs across these domains.
The Future of Uzbekistan's Cities
According to World Bank projections, more than half of Uzbekistan's population currently resides in cities, and this share could exceed 60% by 2050. Such a trajectory means that urban planning, transportation, waste management, utility services, and public spaces are no longer merely matters of convenience –they are becoming a key determinant of national competitiveness.
This is where the core analytical insight lies: for Uzbekistan, urbanization is not a byproduct of demographic growth but a powerful lever of modernization whose economic rationale is abundantly clear. Quality infrastructure stimulates labor mobility, a livable urban environment attracts investment and talent, and the development of regional centers alleviates pressure on the capital.
While Tashkent naturally plays a pivotal role as the primary center of gravity, the country's sustainable development requires a deliberate shift of focus toward other cities.
Supported by the Asian Development Bank, cities such as Jizzakh, Khavast, Khiva, and Yangiyer are emerging as anchor points of this new geography, where projects for modern and inclusive infrastructure are being implemented. These cities exemplify the transformation of regional centers from peripheral locations into autonomous hubs of growth.
This approach fundamentally reframes the development philosophy. At its core lies not simply the decongestion of Tashkent, but a comprehensive strategy for creating genuine alternatives in the regions –with new employment opportunities, public spaces, transportation connectivity, a business-enabling environment, and high-quality municipal services.
To give powerful impetus to entrepreneurship in the regions, establish production of high value-added goods, and introduce urban living standards and conditions in rural mahallas, a program has been approved for the creation of 33 model districts and cities embodying the "New Uzbekistan" vision. The strategic objectives set by the President of Uzbekistan in this domain are ultimately aimed at transforming the architectural character of New Uzbekistan, while ensuring a dignified standard of living for the population and confidence in the future.
All of these measures are critically important for a country with a predominantly young population, since relocation to the capital must not be perceived by young people as the only viable path to self-fulfillment. In this sense, second-tier cities offer a new life scenario –education, employment, business, and a dignified existence without having to leave one's hometown.
Large-scale investment is being mobilized to realize this potential. In December 2025, the World Bank approved a financial package for Uzbekistan totaling $250 million. The funds will be directed toward improving municipal infrastructure and urban services in 16 districts and cities. The program covers territories with a combined population of approximately 3.6 million people and is expected to directly improve living conditions for roughly 1 million people by 2030. Among the anticipated outcomes are improved transportation access for 300,000 residents, the development of parks and public spaces for 400,000 residents, and the creation of approximately 10,000 temporary jobs in the construction sector.
Uzbekistan's Positive Achievements in Urban Development and Urbanization
Those figures matter not merely as investment statistics. They demonstrate that urban infrastructure is a form of social policy.
A compelling illustration of this principle is the experience of the Aral Sea region, which can be presented as a practical case study in implementing new approaches to territorial adaptation, water resource management, community support, and climate risk mitigation.
It is here that questions of urbanization acquire particular depth. How does one develop settlements in an ecologically vulnerable zone? How does one create employment where the natural environment has suffered severe degradation? How does one integrate afforestation, water security, public health, infrastructure, and the local economy into a coherent whole?
The answers to these questions are relevant not only for Uzbekistan. They hold lessons for many regions of the world where climate change, land degradation, and water scarcity are already affecting urban quality of life. Indeed, the story of Uzbek urbanization is significant not only as a national case study, but as a reflection of a broader strategic shift underway across Central Asia.
This shift marks a move beyond the traditional perception of the region through the prism of geopolitics, energy, raw materials, and transportation corridors. Today, the relevant question is framed differently: what will the cities of Central Asia look like?
Will they simply expand, consuming land and overstretching infrastructure? Or will they evolve into spaces where economic growth is reconciled with environmental responsibility, affordable housing, public transportation, green zones, and meaningful civic participation?
Uzbekistan stands precisely at this crossroads. Its advantages lie in its scale, demographics, and growing attention to regional development. Its challenge is to ensure that the quality of urban planning keeps pace with rapid urban growth.
In this sense, Baku –as host of the World Urban Forum –becomes a symbolic platform for the entire region. For Uzbekistan, it is an opportunity to demonstrate that its urbanization agenda carries both national and international significance. The country has the potential to offer the world a pragmatic yet human-centered approach –one in which the region functions not only as an economic node, but also as a mechanism of social resilience.
Altogether, Uzbekistan today stands on the threshold of the most ambitious urbanization reforms in its history. The new strategic plan envisions decisive measures aimed at supporting demographic growth and improving the welfare of the population. This is the central meaning of Uzbekistan's new urbanization.
Tursunboy Zikirov and Alisher Nizamov,
Heads of Departments,
The Institute for Strategic and Regional Studies
under the President of the Republic of Uzbekistan
Over the past five years, the Organization of Turkic States (OTS) has undergone a qualitative transformation, evolving into an effective mechanism for interregional cooperation.
The stability and effectiveness of this format are largely determined by the degree of development of its institutional architecture. Within the OTS, this architecture features a multi-tiered structure, comprising the Council of Heads of State, the Council of Ministers of Foreign Affairs, the Committee of Senior Officials, the Council of Elders and the Secretariat of the organization.
A powerful impetus to the development of the association was provided by the adoption in 2021 of the “Turkic Vision – 2040” strategy, which became the conceptual foundation for the formulation of sectoral roadmaps, action plans, and a system of long-term milestones. The implementation of this strategy has manifested most visibly in the areas of transport digitalization, customs procedures, investment cooperation, and educational exchange.
Special attention should be paid to the activities of the Parliamentary Assembly of Turkic States (TURKPA), within the framework of which efforts have intensified to harmonize legislative approaches in the fields of trade, transport regulation and humanitarian cooperation.
A significant impetus to the development of the OTS was provided by the active engagement of Uzbekistan in the organization's work. In the subsequent period, Tashkent became one of the key drivers in modernizing the OTS agenda. At the initiative of the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, the promotion of projects in transport connectivity, industrial cooperation, digital transformation, and investment collaboration intensified. It is with the invigoration of Uzbek participation that many experts associate the organization's transition from a declarative stage to a phase of practical institutionalization.
The 2022 Samarkand Summit provided an additional symbolic and political impetus, during which decisions were made to establish the Turkic Investment Fund and institutionally expand the economic agenda. This stage solidified the evolution of the OTS toward forming a fully-fledged geo-economic space while preserving its cultural and historical foundation.
Concurrently, economic cooperation is steadily establishing itself as a key pillar of the OTS development. The combined demographic potential of the organization is estimated at approximately 178 million people, a significant portion of whom comprise a young, able-bodied population. The nominal GDP of the member states exceeds USD 1.8–1.9 trillion, while their total foreign trade turnover surpasses USD 1.1 trillion.
In recent years, interregional trade has demonstrated steady positive dynamics. According to estimates by the OTS Secretariat, mutual trade turnover among member states reached USD 22–23 billion, nearly doubling compared to the figures at the beginning of the decade.
Uzbekistan plays a notable role in this process. By the end of 2025, the Republic's trade volume with OTS countries exceeded USD 9 billion, whereas in 2019, this figure stood at approximately USD 4.2 billion. Thus, over a six-year period, the trade turnover has practically doubled.
A prime example is the Uzbek-Turkish industrial cooperation. The number of enterprises with Turkish capital participation in Uzbekistan has surpassed 2,000, while the total volume of joint investment projects is estimated at over USD 5 billion. A significant share of these projects is concentrated in the textile industry, building materials manufacturing, electrical engineering, and the food industry.
The specific significance of this interstate association is driven by its geo-economic location. The member states of the organization are situated at the strategic intersection of transport arteries linking East Asia, the South Caucasus, the Middle East and Europe.
Its central element is the Middle Corridor, which connects China, Central Asia, the Caspian region, the South Caucasus, Türkiye and onwards to European markets. Over the past three years, the route has demonstrated steady cargo traffic growth. By the end of 2025, shipment volumes along the corridor exceeded 4.5 million tons, whereas in 2021, they stood at less than 1 million tons.
A key driver of this growth has been the comprehensive modernization of port infrastructure. For instance, following its reconstruction, the Baku International Sea Trade Port now possesses the capacity to handle up to 15 million tons of cargo annually, including up to 100,000 containers, with future expansion potential reaching 25 million tons.
The acceleration of delivery timelines is of equally vital importance. While cargo transportation from China to Europe along this route previously required 40–50 days, the digitalization of document flows (e-CMR), the unification of pre-arrival customs declaration procedures, and infrastructure modernization have successfully reduced this timeframe to 18–23 days.
The creation of a trans-regional "green energy corridor" is emerging as a highly promising avenue of cooperation, envisaging the export of electricity generated from renewable sources in Central Asia and the South Caucasus toward Europe. Azerbaijan, Kazakhstan and Uzbekistan have intensified their coordination regarding the synchronization and construction of the necessary power transmission infrastructure.
At the same time, in the context of accelerating global digitalization, technological development is acquiring not only economic but also strategic importance, forming the foundation for enhancing the efficiency of interstate cooperation, modernizing industry, and strengthening infrastructural connectivity.
The combined volume of the digital economy of the member states already exceeds $110 billion, while the average annual growth rate of the sector in a number of countries stands at 12–18%, which is significantly higher than the global growth rates of traditional industry.
The strengthening of the OTS digital development track was reflected in the agenda of the informal summit held on May 15, 2026, in Turkistan, where artificial intelligence and digital development served as the central theme. This highlighted the organization's transition toward treating technological transformation as a high-priority area of strategic cooperation.
Uzbekistan is likewise demonstrating accelerated digital modernization. By the end of 2025, the country's export of IT services exceeded $1 billion, representing a nearly fivefold increase compared to 2020. Hundreds of companies operate through a network of specialized IT Parks, serving external markets, including the OTS member states. Within the framework of regional cooperation, the Republic actively promotes initiatives for the unification of digital services and the development of joint educational programs in high technology.
However, the effectiveness of these processes is largely determined not only by economic but also by humanitarian factors. In this regard, the OTS possesses a unique advantage, as it is built upon a deep historical and cultural commonality, linguistic proximity, and a shared civilizational heritage among the member states.
A pivotal role in this process is played by a network of specialized institutions, among which the International Turkic Academy, TURKSOY, TURKPA, and the Turkic Universities Union hold particular significance, ensuring the comprehensive development of humanitarian, scientific and educational cooperation.
These structures provide coordination for scientific research, the development of joint educational initiatives, the promotion of cultural heritage, and the expansion of inter-societal engagement.
Special attention is dedicated to the development of academic integration. Since 2025, dozens of academic exchange programs, including joint master's and doctoral tracks, have been implemented within the framework of inter-university cooperation among the OTS states. The number of students participating in educational mobility between the countries of the organization increases annually by an average of 18–22%.
A notable contribution to this process is made by leading universities, such as the Al-Farabi Kazakh National University, Ankara University, Samarkand State University, and the Kyrgyz-Turkish Manas University, which serve as key centers for personnel training and scientific support for integration processes.
Separate attention of the member states is directed toward expanding tourism potential. The cumulative tourism flow among the OTS states has increased by more than 35% over the past five years. A significant impact was delivered by the development of joint tourist routes, including pilgrimage, historical-cultural, and ethnographic programs.
In this context, "Cultural Capital of the Turkic World" program and the granting of this status to cities such as Khiva, Aktau, Turkmenbashi, and Shusha have contributed to a significant intensification of tourism exchange within the format.
Another factor driving tourism development has been the formulation of a unified tourism product, "Tabarruk Ziyorat," aimed at developing religious and educational tourism among Uzbekistan, Kazakhstan, Kyrgyzstan and Türkiye.
Looking ahead, the OTS possesses significant potential for further strengthening as a space for practical cooperation.
Crucial importance in this context will be attached to the deepening of economic cooperation by reducing non-tariff barriers and digitalizing trade and customs procedures, the further development of transport and logistics connectivity - primarily within the framework of the Middle Corridor - the expansion of technological collaboration focused on the development of the digital economy and joint innovation platforms, as well as the strengthening of expert-analytical, academic and educational interaction.
On the whole, deepening cooperation across key areas will serve to strengthen the role of the OTS as one of the most promising frameworks ensuring the development and resilience of Central Asian nations.
In this context, the informal OTS summit held in Turkistan stands as a crucial milestone in advancing this agenda, reaffirming the commitment of the member states to expanding practical cooperation and defining new benchmarks for joint development, primarily in digital transformation and technological collaboration.
Президент Шавкат Мирзиёев начал свою поездку в Республику Каракалпакстан с ознакомления с промышленным потенциалом региона.
Совместное предприятие “Nukus Eleсtroapparat” было введено в строй в 2017 году, оно производит силовое оборудование для электросетей. В июне текущего года здесь был запущен проект по изготовлению солнечных панелей стоимостью более 10 миллионов долларов. Оборудование было доставлено и установлено из Республики Корея. Производственный процесс полностью автоматизирован. Годовая мощность проекта составляет 273 тысячи единиц.
Это будет способствовать дальнейшему внедрению альтернативной энергетики в нашей стране. На сегодняшний день в различных сооружениях и домах установлены солнечные панели общей мощностью 600 мегаватт. Этот процесс продолжается.
Наряду с локализацией востребованной на внутреннем рынке продукции совместное предприятие получило возможность экспортировать продукцию на 4 миллиона долларов. Обеспечено работой 70 человек.
Глава нашего государства ознакомился с технологическим процессом, побеседовал с работниками. Ответственным лицам даны указания по увеличению количества таких предприятий и производству ими продукции с высоким спросом на рынке.
Здесь же была представлена продукция, производимая предприятиями отрасли.
На самом заводе установлены солнечные панели мощностью 125 киловатт. Полученная электроэнергия используется для внутренних нужд, а излишки реализуются в региональную электросеть.
За последние годы в нашей стране за счет инвестиций в размере 2 миллиардов долларов введены в эксплуатацию 10 солнечных и ветряных станций общей мощностью 2,6 гигаватта. Также ведется работа по 32 "зеленым" проектам мощностью 18,6 гигаватта общей стоимостью 19 миллиардов долларов. В целом к 2030 году намечено довести долю возобновляемых источников энергии в энергетическом балансе до 40 процентов.
Interview of Akramjon Nematov, First Deputy Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan (ISRS), with Dunyo IA.
- The historic state visit of the President of Uzbekistan to the Kyrgyz Republic has once again drawn considerable attention within the expert community to the construction of the China–Kyrgyzstan–Uzbekistan railway. What place did this project occupy during the high-level talks in Bishkek and which aspects were at the center of the discussions between the two leaders?
- Indeed, recent state visit was truly a historic event, opening a new chapter in the development of Uzbekistan–Kyrgyzstan relations. The high-level talks took place in an atmosphere of unprecedented trust, mutual understanding, and strategic partnership, confirming that bilateral cooperation has advanced to the fundamentally new level of an alliance.
A central item on the agenda was the practical implementation of what is already widely referred to as the “project of the century” - the China–Kyrgyzstan–Uzbekistan railway. Following many years of discussion, the project has entered the active construction phase and the two leaders held detailed discussions on the progress of this unprecedented undertaking.
Of particular significance was President of Uzbekistan Shavkat Mirziyoyev's emphasis on the need to accelerate construction of the China–Kyrgyzstan–Uzbekistan railway, describing it as one of the key drivers of the region's long-term economic development.
In essence, this is far more than another infrastructure project. A new architecture of Eurasian connectivity is taking shape - one that will enable Central Asia to strengthen its strategic agency, expand access to global markets, and diversify its external economic ties. This explains why the two leaders devoted such close attention to coordinating the practical implementation of the project and to the further development of regional transport infrastructure.
It is equally important to note that, thanks to close coordination at the highest political level, construction is progressing ahead of the original schedule. Although initially planned to take at least five years, the project is now expected to be completed one year earlier than originally anticipated.
This reflects an exceptional level of resource mobilization. More than 10,000 specialists and over 7,000 pieces of heavy construction equipment are already engaged on site. The railway is opening an entirely new chapter in the development of Central Asia, fundamentally reshaping both the geopolitical and geoeconomic landscape of the region.
- What is the geoeconomic significance of this corridor for Eurasia as a whole, and how will it transform the position of the region, particularly Uzbekistan and Kyrgyzstan?
- Project fundamentally redraws the transport and logistics map of Eurasia by creating the shortest and most efficient overland route between East and West a modern “Iron Silk Road”.
Traditionally, Central Asia has been viewed in global trade primarily as a landlocked region with limited transit potential. The commissioning of this railway will transform the region from a logistical cul-de-sac into one of the principal crossroads of Eurasian trade.
Projected annual capacity of the new railway will reach 15 million tonnes. To appreciate its scale, it is worth noting that the entire railway network of Kyrgyzstan transported 10.5 million tons of cargo in 2025. In other words, once the railway reaches its designed capacity, the China–Kyrgyzstan–Uzbekistan railway alone will be capable of handling a greater freight volume than the current throughput of Kyrgyzstan's entire national railway system.
For Uzbekistan, project represents a major step toward consolidating its position as a regional transit hub, providing direct and secure access to the markets of South Asia, the Middle East and, ultimately, Europe.
For Kyrgyzstan, it will facilitate the large-scale economic integration of previously hard-to-access mountainous regions, create new jobs, and stimulate national economic development.
Railway will shorten the route from China to Europe and the Middle East by approximately 900 kilometres, while reducing cargo delivery times by seven to eight days, thereby decreasing dependence on the limited number of northern and maritime transport corridors.
However, project's significance extends well beyond shorter routes and faster delivery times. Railway is becoming a key element in shaping the new economic geography of Central Asia. It will transform the region from a passive transit area into an active organizer of Eurasian transport flows. This fundamentally changes the position of our countries within the global economy.
- How does this railway fit into the broader architecture of Eurasian connectivity alongside the Middle Corridor, Trans-Afghan routes and transport corridors through Iran?
- Rather than competing with other transport routes, it complements them by forming a single, integrated network of connectivity. First, the railway will connect directly with the Middle Corridor or Trans-Caspian International Transport Route (TITR), creating a seamless freight corridor linking China through Kyrgyzstan and Uzbekistan, across the Caspian Sea and onward to the Caucasus and Europe.
Second, by integrating with the emerging Trans-Afghan transport projects and Iran's transport network, the railway will create a powerful north-south and east-west transport crossroads. Central Asia will become a pivotal hub for continental trade, where cargo flows from China to South Asia, the Middle East, and Europe converge.
Looking at the broader picture, it becomes clear that integrating the China–Kyrgyzstan–Uzbekistan railway with the Middle Corridor, Trans-Afghan route and transport links through Iran will establish an entirely new system of Eurasian connectivity.
Central Asia will no longer depend on just one or two external transport routes. Instead, it will gain the flexibility to redistribute trade flows across multiple corridors simultaneously. This will significantly strengthen the region's economic resilience while enhancing its strategic autonomy.
The greater the number of complementary transport corridors available to Central Asia, the greater its ability to determine its own development trajectory and the less vulnerable its economies will be to external geopolitical disruptions.
That is why this project should be viewed not merely as a transport initiative, but as a long-term investment in the resilience of Central Asia as an integrated economic space.
- You mentioned that, in the future, this corridor is expected to connect with the Trans-Afghan route. How is the implementation of the Termez–Naibabad–Maidanshahr–Logar–Kharlachi railway progressing today, and what impact could the success of the “project of the century” have on it?
- Work on the Trans-Afghan railway is also moving forward steadily. Active practical efforts are underway, and following the completion of field surveys, the feasibility study for this major transport corridor is expected to be finalized by the end of the year.
At the same time, the rapid pace of construction of the China–Kyrgyzstan–Uzbekistan railway and the scale of resources committed to the project clearly demonstrate Uzbekistan's capacity to successfully implement some of the world's most complex cross-border infrastructure projects.
The success of this “project of the century” significantly strengthens our engineering and organizational capabilities, demonstrates the country's unwavering political commitment and serves as a powerful catalyst for future initiatives.
Practical implementation of the China–Kyrgyzstan–Uzbekistan railway has established an exceptionally high benchmark in terms of both pace and execution, creating strong positive momentum for advancing the Trans-Afghan railway, which will provide Central Asia with the shortest overland access to the ports of the Indian Ocean.
- Some observers argue that the railway will primarily serve as a transit corridor. Will it also become a driver of industrial development and economic growth, particularly in the Fergana Valley?
- It is a misconception to view the railway solely as a transit pipeline for foreign goods. The project has been designed as both a multimodal transport corridor and an industrial development framework. Alongside its transit function, the railway will become a powerful catalyst for the development of domestic industry and manufacturing. Growth zones are already emerging around the railway's key junctions.
A good example is the construction of the Makmal freight transfer station in Kyrgyzstan. It is being designed not merely as a technical railway facility but as a fully-fledged regional transport and logistics hub, incorporating cargo terminals, warehouses, manufacturing and processing facilities, and a wide range of service infrastructure.
Industry will benefit from reliable and efficient logistics for both raw materials and finished products, reducing transportation costs while enhancing competitiveness. The Fergana Valley will be among the principal beneficiaries of the project.
As one of the most densely populated and economically dynamic regions of Central Asia and historically the heart of the region - Fergana Valley has been presented with a unique opportunity to reclaim the pivotal role it played for centuries.
Historically, some of the most important branches of the Great Silk Road passed through this region. Today, thanks to the new railway, the Fergana Valley is once again becoming a center of Eurasian connectivity. Rather than remaining on the periphery of the regional transport system, the valley will evolve into a major production, logistics, and investment hub for the entire continent.
Running through Kashgar, Torugart, Arpa, Makmal, Jalal-Abad and Andijan, the railway will connect the key nodes of this macro-region, attracting investment, revitalizing cross-border trade and removing longstanding logistical bottlenecks. This fundamentally transforms the development model of border regions. Instead of peripheral territories, they will become dynamic zones of economic growth, industrial cooperation and business activity.
Ultimately, these developments elevate Uzbek–Kyrgyz relations to an entirely new level of alliance, where jointly overcoming some of the world's most demanding engineering challenges in the high mountains fosters profound mutual trust and transforms the border into a zone of peace and shared prosperity.
- Will this corridor also be used for passenger transport and what impact could it have on tourism and business?
- From the outset, the project has been designed not only as a freight corridor but also as a passenger railway. Its technical specifications provide for passenger train speeds of up to 120 km/h, even in the challenging mountainous terrain. In practical terms, this represents a genuine transformation. Businesspeople, engineers, and executives will be able to travel quickly and comfortably between the major commercial centers of China, Kyrgyzstan and Uzbekistan, helping to create a more integrated investment environment.
It is worth recalling that the number of joint ventures between Uzbekistan and Kyrgyzstan has already reached 450, and the launch of the railway is expected to stimulate business activity many times over. The railway will also connect the spectacular mountain landscapes of the Tian Shan, iconic destinations such as Issyk-Kul, the historic cities of the Fergana Valley, as well as Samarkand and Bukhara, through a single high-speed rail network. Tourists will be able to cross borders within a matter of hours, generating a substantial multiplier effect for tourism, the service sector, and people-to-people exchanges.
- Some experts have expressed concerns that the railway could simply turn Central Asia into a market for Chinese goods. How would you respond to such assessments?
- Such views are based on an outdated perception of Central Asia as merely a supplier of raw materials. Today's reality is fundamentally different.
First, the countries of the region are implementing ambitious industrialization programs. In recent years, Central Asia has recorded some of the highest rates of industrial growth across Eurasia. In Uzbekistan, industrial output has increased by more than 70 percent over the past eight years, while manufacturing production has nearly doubled. Today, the manufacturing sector accounts for around 80 percent of the country's total industrial output. The fastest-growing industries include machinery manufacturing, electrical engineering, chemicals, pharmaceuticals, metallurgy and textiles. At the same time, the production and export of higher value-added manufactured goods continue to expand steadily.
Kyrgyzstan has likewise demonstrated impressive industrial growth. In 2025, industrial production increased by 10.6 percent, while total industrial output has more than doubled over the past five years. Manufacturing accounted for 79.7 percent of the country's total industrial production. The strongest growth has been recorded in the food processing, chemical, pharmaceutical, construction materials, and manufacturing industries. Meanwhile, new production facilities, industrial zones, and logistics centres are being established to support international transport corridors.
Second, the benefits are mutual. Our countries will gain exceptionally fast access to China's market of more than 1.4 billion consumers, creating significant new export opportunities for agricultural products, textiles, non-ferrous metals, chemicals, electrical equipment, construction materials, and other value-added manufactured goods.
Moreover, during the recent state visit, considerable attention was devoted to the proactive development of modern industrial zones, logistics hubs and manufacturing facilities along the entire railway corridor. Uzbekistan's initiatives are specifically aimed at promoting joint manufacturing, industrial cooperation and the localization of new production chains - not at turning the region into a mere transit corridor.
In effect, a new industrial belt of Eurasia is taking shape, with Central Asia emerging not as a final consumer market but as an integral participant in global value chains. Consequently, the railway is needed not only to transport raw materials but increasingly to support the rapidly expanding industrial production of our countries. It is becoming far more than a transport corridor - it is laying the foundation for a new model of economic development in Central Asia based on industrial cooperation, higher value-added production, and deeper integration into the global economy.
- What has been accomplished on the ground so far and is there still scope to maximize the project's benefits?
- The scale of the work already underway is truly impressive and clearly demonstrates that the “project of the century” has entered its most intensive implementation phase. Construction activities are currently being carried out simultaneously at 83 of the 107 planned sites along the Kyrgyz section of the railway. More than 10,000 specialists and over 7,000 pieces of heavy construction equipment are working around the clock.
To appreciate the magnitude of this undertaking in the exceptionally challenging terrain of the Tian Shan Mountains, where construction is taking place at elevations exceeding 3,000 metres, it is enough to look at the figures. To date, more than 19.6 million cubic metres of earth have been excavated, including over 5.26 million cubic metres for the construction of the strategically important Makmal station.
At the same time, a network of 26 tunnels is under construction. More than 13.5 kilometres of the main tunnels have already been excavated, while excavation of the auxiliary adits has exceeded 51 percent of the planned volume. Approximately one-third of the tunnelling work is being carried out using advanced mechanized methods without the use of blasting technology. Construction is also underway on 38 of the 50 bridges envisaged under the project—equivalent to 76 percent of the total - with nearly 2,400 foundation piles already installed.
In other words, highly complex engineering challenges virtually unprecedented in the region - are being solved every day. The implementation of the project is simultaneously becoming the largest platform for training engineering specialists, introducing advanced construction technologies and developing new expertise in the transport sector.
Cooperation with Chinese partners, who possess world-class experience in delivering large-scale infrastructure projects under extremely challenging conditions, enables our specialists to master cutting-edge technological solutions that will subsequently be applied to other major infrastructure projects across Central Asia.
At the same time, the construction of the railway represents only the first stage of the initiative. It is equally important to begin creating the conditions that will allow the new transport corridor to generate the greatest possible economic benefits for all participating countries.
With this objective in mind, experts from the Project Office for the Development Strategy of International Digital Transport Corridors have prepared a number of practical initiatives aimed at maximizing the railway's operational efficiency.
One proposal calls for the establishment of neutral cross-border free technological zones along both the Kyrgyz–Chinese and Kyrgyz–Uzbek borders, operating under the principle of “one stop, one control”. Such an approach would substantially reduce border-crossing times while streamlining customs procedures.
A second initiative involves creating a modern cross-border free economic zone on the Kyrgyz–Uzbek border, incorporating logistics terminals, industrial facilities and processing industries. This would transform freight traffic into a source of higher value-added production, new employment opportunities, and integrated cross-border manufacturing value chains.
In addition, it has been proposed to establish a joint engineering and design bureau that would serve as a center for developing advanced technical solutions for the operation of high-altitude railways.
Another proposal envisions introducing a single digital transport document, integrating the railway administrations and customs authorities of the three participating countries into a unified digital system.
However, the project's greatest value extends far beyond transport infrastructure. The China–Kyrgyzstan–Uzbekistan railway is, in effect, creating a new model of regional development based on interconnected economies, industrial cooperation, technological partnership, and the joint utilization of the competitive advantages of our countries. It creates the conditions for Central Asia to move beyond its traditional transit role and emerge as an independent centre of manufacturing, logistics, and value creation.
Its political significance is equally important. Only a decade ago, the implementation of such an ambitious initiative would have seemed virtually impossible due to accumulated disagreements and a lack of trust among the countries of the region. Today, thanks to a consistent policy of good-neighbourliness, open dialogue, and mutual support, Central Asia is demonstrating an entirely new level of regional cooperation.
In this sense, the railway is becoming not only a symbol of transport connectivity but also a tangible embodiment of a new political culture in the region one founded on trust, pragmatism and shared responsibility for the future.
For this reason, the significance of the project will ultimately be measured not only by the millions of tons of cargo transported or the kilometres of railway constructed, but above all by the fact that it lays a durable foundation for the sustainable development, economic self-reliance, and strategic agency of Central Asia as a whole.
Dunyo IA