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.

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

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

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

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

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

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

On November 29, President Shavkat Mirziyoyev convened a meeting dedicated to identifying additional opportunities, increasing investments and jobs in Bukhara region.

Previously, the economy of this region was mainly linked to agriculture. However, over the past seven years, the region has attracted more than $4 billion investments, enabling development of such industries as energy, electrical engineering, chemicals, pharmaceuticals, textiles and leather. In the past period of the current year, 1.5 million foreign tourists visited Bukhara.

The visit of the Head of State to the region on May 31-June 1 gave a new impetus to its development. All the tasks outlined during the visit will be fully accomplished by the end of the year.

At the same time, it is important to ensure further growth of economic indicators in 2025, increase employment and well-being of the population. To this end, the working group studied additional opportunities of the region and factors hindering entrepreneurship development.

The critical meeting emphasized that the region's economic performance does not correspond to its potential. Work on investment absorption, poverty and unemployment reduction was recognized as unsatisfactory.

In this regard, the hokims, their deputies and sector heads will be put on emergency duty for a period of six months. The entire focus will be on improving these three areas. Special attention will be paid to implementing 70 driver projects based on the experience of Saikhunobad, Uychi, Zarbdar and Gijduvan. They will provide income to 150 thousand people and lift 40 thousand people out of poverty.

As it was mentioned, each district of the region can be specialized for a certain industry. For example, Peshku and Shafirkan - for production of construction materials and textiles, Kagan city, Alat and Jondor districts - for food industry, Gijduvan and Romitan - for chemical industry. This will make it possible to implement projects of entrepreneurs worth $150 million, create 411 small enterprises and provide 12 thousand jobs.

Four textile factories are planned to be built in Vabkent, Karakul, Jondor and Alat at a total cost of $320 million. This will double the volume of finished knitwear and textile products and create 5,000 jobs.

Next year, the number of foreign tourists is expected to reach 2.2 million and tourism exports are expected to reach $600 million. This will be supported by opening 69 new hotels and 2 thousand handicraft stores.

It is planned to develop additional 20 thousand hectares of land, which will allow to grow additional 100 thousand tons of agricultural products and provide employment for 2 thousand people. Trees and food crops will be planted on vacant homestead land, along canals and field edges.

Another opportunity is pastures. In Bukhara region their area exceeds 2 million hectares. As part of the decisions made at a recent meeting on horticultural development, it is planned to grow pistachios on unused pastures.

Hokim of Bukhara region presented plans to utilize these opportunities. In general, next year 106 projects will be implemented, 105 thousand permanent jobs will be created, exports will be increased by $350 million due to foreign investments worth $2 billion.

The Head of State pointed out the insufficiency of these plans and instructed to intensify efforts and improve results. He tasked to revise the proposals again and draft a relevant resolution.
 

On August 13, President Shavkat Mirziyoyev familiarized himself with a presentation on measures to develop artificial intelligence technologies and IT startups.

Information technologies are developing rapidly in our country and are being introduced into all spheres. As a result, the volume of digital services exceeded 21 trillion soums only in the past period of this year, and by the end of the year it is expected to reach 43 trillion soums. Export of services of the sphere amounted to 367 million dollars. The number of IT park residents increased by 577 and exceeded 2 thousand. The number of young people working in them reached 32 thousand.

This year, more than 100 digitalization projects are being implemented in health care, energy, transport, education, agriculture, water management, construction and others.

Times are changing rapidly. Artificial intelligence and digital technologies are penetrating into all spheres. A number of projects have also been launched in this direction in our country.

For example, “My ID” and “UzFace” solutions have been implemented in more than 70 organizations, banks, marketplaces and payment systems, and the possibility of remote biometric identification of 10 million users has been created. “Uzbekcosmos” with the help of artificial intelligence identified about 43 thousand cases of illegal use of subsoil and unauthorized construction.

The presentation considered measures to develop artificial intelligence technologies in such areas as health care, agriculture, banking, tax, customs.

It was noted that first of all it is necessary to create a legislative base for artificial intelligence. The task was set to develop a strategy for the introduction of artificial intelligence and a two-year program of projects. The Center for Artificial Intelligence Technologies was assigned to be created.

In particular, the need to expand the application of artificial intelligence in banking and finance, training of specialized personnel and professional development of employees was emphasized.

At present, the personnel on artificial intelligence is trained in 4 universities. There is a need for 600 specialists in big data processing and language models. This number will increase many times in the coming years. Taking this into account, the importance of training specialists corresponding to the needs in terms of industries was emphasized.

All leading IT companies of the world started their activities from a startup. We are also taking the first steps in this direction. Last year, the volume of venture investments attracted in such projects amounted to 134 million dollars.

The head of state emphasized that it is time to create broad conditions for venture investments to finance startup projects. In this regard, instructions have been given to develop the startup ecosystem and introduce venture capital financing mechanisms.

There are about a thousand manufacturing enterprises operating in the electrical engineering sector of Uzbekistan, most of them small, producing over two thousand types of products. Almost all enterprises in the industry are privately owned. The total number of people employed in the industry exceeds 35,000.

The 76 largest enterprises in the industry, which produce over 90% of all electrical engineering products, are members of the Association of Electrical Engineering Manufacturers (UzEltechSanoat). Of these, 18 enterprises manufacture electrical wires and cables, 27 enterprises manufacture household appliances, and 32 enterprises manufacture power transformers and other electrical products.

The Development Strategy of New Uzbekistan for 2022-2026 aimed to increase industrial production by 1.4 times by 2026, including doubling the production of high value-added products in the electrical engineering industry and tripling exports.

The Uzbekistan-2030 Strategy, adopted in September 2023, will ensure the achievement of all the goals outlined in the Development Strategy of New Uzbekistan. It also sets the task of increasing copper processing in the electrical engineering industry to 300,000 tons per year and raising the localization level of manufactured products to an average of 65%.

Therefore, Uzbekistan pays special attention to the development of technologically advanced industries, including electrical engineering, and provides state support.

Over the past seven years, the President of Uzbekistan has adopted several legislative acts providing customs and tax benefits to enterprises in the electrical engineering industry, as well as subsidies to cover transportation and other expenses.

Specifically, until January 1, 2027, enterprises in the electrical engineering industry have received a 50% reduction in profit and property taxes. Additionally, benefits for exemption from customs duties on imported raw materials, components, and equipment for their own production needs have been extended.

Furthermore, several programs have been approved for the implementation of investment projects in the electrical engineering industry, focusing on technical and technological upgrades of existing facilities and the creation of new production lines.

Due to these measures, over the past 7 years, the volume of attracted investments in the industry has amounted to $935 million, of which about $400 million are foreign direct investments.

Additionally, more than 260 new investment projects worth over $800 million have been launched, including 50 cable production projects worth $120 million, 115 household appliance projects worth $380 million, 40 power equipment projects worth $60 million, and 58 other electrical engineering projects worth $250 million.

As a result, over 13,000 new jobs have been created, bringing the total number of jobs in the industry to 35,000.

As a result of implementing investment projects for modernizing and creating new production facilities, the production of new types of electrical engineering products has been mastered, particularly household appliances (washing machines, electric stoves, vacuum cleaners, hoods, water heaters, new models of refrigerators and washing machines under the Samsung brand, SMART HD TVs, built-in hobs and gas stoves, etc.); industrial air conditioners; new types of electrical cables (high and low voltage, used in solar energy systems, household appliances, as well as self-supporting insulated cables); dry transformers; electronics (monoblocks, SIM cards, electronic boards for household appliances); smart meters for electricity, gas, and water consumption; parts for solar panels and renewable energy stations; elevators and escalators; water pumps, etc.

Overall, from 2017 to 2023, the production volume of the electrical engineering industry increased 7.1 times to $1.98 billion, including a 5.5-fold increase in wires, cables, and copper products to $792 million; an 8.2-fold increase in household appliances to $633 million; and a 9.3-fold increase in power and technical equipment to $567 million.

The contribution of the electrical engineering industry to the development of the economy is also growing, and although the share of the industry's value added in the economy is still less than 1%, it has grown 1.5 times in recent years.

The growth in the production of electrical engineering products has contributed to an increase in export volumes, which have grown 5.5 times to $1047 million over the specified period, including a 4-fold increase in wires, cables, and copper products to $576 million; a more than 10-fold increase in household appliances to $214 million; and a 12-fold increase in power equipment and other products to $257 million.

It should be noted that the significant growth (more than 10 times) in the export of household appliances occurred due to the creation of new production facilities in Uzbekistan by Artel Electronics. In particular, the export volume of refrigerators increased 15 times to $58 million, televisions 6 times to $52 million, electric stoves 4.5 times to $40 million, washing machines 5 times to $20 million, air conditioners 4 times to $15 million, etc.

Moreover, not only the geography of export countries has expanded, but also the range of electrical engineering products supplied to foreign markets. Currently, about 200 types of various electrical engineering products are exported to almost 70 countries. The number of exporting enterprises in the electrical engineering industry has grown to 100.

In January 2024, a Presidential Decree "On Additional Measures for Further Increasing the Production and Export Potential of the Electrical Engineering Industry" was adopted, outlining target indicators for the industry's development in the coming years.

Specifically, in 2024, the plan is to increase the volume of production by almost 30% to $2.6 billion, exports by 43% to $1.5 billion, and the volume of copper processing into finished products to 140,000 tons. In 2025, the goal is to increase production to $3.2 billion, exports to $2.0 billion, and copper processing to 160,000 tons.

To achieve these targets, the Program for Creating New Production Capacities and Diversifying Production in the Electrical Engineering Industry in 2024-2026 and Beyond has been approved. The program aims to implement a total of 294 investment projects worth over $4 billion in the coming years.

In conclusion, it should be noted that the necessary conditions have been created in Uzbekistan for enterprises in the electrical engineering industry to increase production volumes and expand the supply of their products to both domestic and foreign markets.

Therefore, goals have been set to increase exports not only to traditional but also to new markets. In particular, there are plans to increase the export of electrical engineering products to European markets, considering the GSP+ preferential trade regime granted to Uzbekistan, as well as to South Asian and Middle Eastern countries.

Yuri Kutbitdinov,

chief Research Officer of the Center for Economic Research and Reforms under the Administration of the President of the

Republic of Uzbekistan

On August 5, President Shavkat Mirziyoyev familiarized himself with the presentation of measures aimed at developing competition.

The ongoing efforts to reduce the state presence in the economy and curb large monopolies have a positive impact on the competitive environment. In particular, over the last five years the competitive environment has improved in more than 25 goods. Exclusive rights that restricted competition in 7 types of activities have been abolished. The number of enterprises with state participation decreased by 42 percent, while the number of private business entities increased by 1.6 times.

Last year the Law "On Competition" was adopted in a new version. The Committee for Competition Development and Consumer Protection was given additional effective powers. According to the studies conducted on this basis, in some organizations there are such phenomena as anticompetitive decision-making, direct contracts, use of dominant position in trade.

In this regard, a Competition Development Framework has been developed to enhance the coverage and effectiveness of competition in this area. This concept defines further tasks to reduce government involvement in the economy, liberalize market access and create a level playing field for entrepreneurs.

Thus, it is planned to abolish regulations and redundant requirements that impede the free access of business entities to markets. It is envisaged to introduce relaxations aimed at reducing the regulatory burden, in particular, permitting procedures and licenses will be replaced by compulsory liability insurance.

Independent market regulators will be introduced in the spheres of natural monopolies. The participation of natural monopoly entities will be limited in commodity markets related to natural monopolies and where there is an opportunity to develop competition.

The scale of direct public procurement will be reduced, and it will be completely switched to competitive methods. It is envisaged to abolish the provision of state aid of an individual nature that restricts competition, including exclusive rights, privileges, preferences and relaxations.

By means of mutual integration of information systems of state bodies, digital monitoring of all links in the chain of pricing of socially important products will be established. A system of non-disclosure and encouragement of persons who have provided information on cases of anticompetitive agreements and actions, collusions will be introduced.

In general, as a result of the implementation of this concept, measures will be taken to gradually eliminate 17 types of state monopoly in a number of areas, such as energy, oil and gas sector, water management, road construction, railroad and airport services. Anti-competitive actions in public procurement will be curbed and transparency of these processes will be ensured. Commodity exchanges will increase supply and expand the choice opportunities for buyers.

The President gave additional instructions to continue work in this area, to ensure free market principles, and to develop entrepreneurship. The need to reduce the state's share in the economy and to gradually transfer certain functions to the private sector was emphasized. The task has been set to constantly analyze the state of competition on commodity, financial and digital markets and to make proposals to improve procedures.

Over the last three years, over 2,000 acts contradicting the competition law have been identified locally. In most cases, these are documents of local khokimiyats and ministries. In this regard, it was noted that it is necessary to intensify the work of territorial departments of the Committee for Competition Development and improve the qualification of personnel.

It was also pointed out the importance of increasing openness and strengthening the work on publicizing the activities of the Committee. It was emphasized that this is important to prevent violations of the law and to create a transparent environment.

On November 18, the first session of the Legislative Chamber of the Oliy Majlis of the Republic of Uzbekistan after the elections was held in Tashkent.

It was attended by President of the Republic of Uzbekistan Shavkat Mirziyoyev.

The session was opened by Chairman of the Central Election Commission Zayniddin Nizamkhodzhaev.

The National Anthem of the Republic of Uzbekistan was played.

Temporary Secretariat of the first session, Counting Commission and temporary group on control over the use of electronic vote counting system were elected. The agenda was approved. The CEC Chairman presented information on the results of the elections to the Legislative Chamber.

On the proposal of the Council of Representatives of Political Parties, deputies elected Nuriddin Ismoilov to the post of Speaker of the Legislative Chamber of Oliy Majlis by secret ballot.

Then the chairmanship of the session passed to the Speaker. Deputy Speakers were elected. The factions of five political parties were registered. Ten committees of the Legislative Chamber were established in accordance with their agreed proposals.

President of Uzbekistan Shavkat Mirziyoyev addressed the session.

At the beginning of his speech, the Head of State congratulated the deputies on their election, emphasizing that this is the embodiment of high trust and respect of our people.

It was emphasized that the current parliamentary elections have entered the history as being the first ones held in accordance with the updated Constitution. This process was conducted for the first time under a mixed electoral system.

As a result of the elections, 150 deputies were elected to the Legislative Chamber. Among them were 57 women and 11 young people under 35 years of age. Overall, the composition of the lower house was renewed by almost 60 percent.

The activities of the Chamber over the past five years were discussed. During this period, the Constitution has been updated and more than 130 new laws have been adopted, which is 1.5 times more than in the previous period.

The President also drew attention to the issues that remained out of parliamentary attention. For example, the share of laws with direct action and clear enforcement mechanisms remains low. Parliamentary and deputy control is still not effective enough. The activity of deputies in constituencies is mostly limited to organizing meetings, answering complaints and questions.

The Head of State outlined his vision of the new tasks ahead of the Legislative Chamber.

In particular, it was proposed to create public councils under each committee with the participation of representatives of civil society to strengthen the dialogue.

It is important to establish not only control and requirements in the work of parliamentary committees, but also close cooperation with ministries. It is also necessary to strengthen party and fractional discipline.

The President emphasized that lawmaking, primarily, should be aimed at solving urgent problems of society, and put forward a number of legislative initiatives. Among them are the construction of modern residential buildings replacing outdated ones, guaranteeing the protection of citizens' funds allocated for housing construction, support for private education and investors in the energy sector, introduction of compulsory health insurance, creation of a legal framework for franchising, capital market and startups, and relations arising in the field of artificial intelligence.

In order to boost the opposition, it was proposed to increase the number of guaranteed rights of the parliamentary opposition from 3 to 6, including giving it the positions of one committee chairman and two deputy committee chairmen, as well as additional rights to submit questions within the framework of the “government hour” and parliamentary inquiries.

Particular attention was paid to the need to transition to a system of broad, high-quality parliamentary control. In particular, in accordance with the updated Constitution, the control over the execution of the State Budget is the exclusive competence of the Legislative Chamber. In this regard, it is necessary to strengthen the work of the Chamber in this direction, including the introduction of the practice of submitting all reports of the Government on the State Budget to the Chamber only together with the audit report provided for by the Budget Code.

- A deputy is a servant of the people, a model for all, a person with a high level of political culture and knowledge, who sincerely loves his homeland. Our people, all of us, above all rely on you to strengthen peace, mutual understanding and harmony in the family, mahalla and society, to educate the youth in the spirit of patriotism, to defend the interests of Uzbekistan in the international arena, - said Shavkat Mirziyoyev.

Heads of political party factions and deputies addressed the session. The President supported their views, urged the deputies to work harder and be closer to the people.

- The voice of a deputy is the voice of the people. If you consider every issue concerning the fate of the country and first of all see our hardworking, generous and noble people in front of you, if you act thinking not only about today, but also about peace and happiness of future generations, then our people will be satisfied with you, - emphasized the Head of State.

The Legislative Chamber of the Oliy Majlis adopted resolutions on the agenda.

In recent years, systematic work has been carried out to create a continuous chain of comprehensive support for the development of entrepreneurship in our country. As a result of the measures implemented and important decisions made over the last seven years, a new generation of entrepreneurs of New Uzbekistan has emerged.
In particular, BMB HOLDING is one of the major subjects of private entrepreneurship, playing an important role in the economic life of our country, and gaining strong positions not only in the domestic, but also in the international market.
On the eve of the 33rd anniversary of independence of the Republic of Uzbekistan, Dunyo information agency talked to Bekzod Mamatkulov, the founder of BMB HOLDING.
– Mr. Mamatkulov, in recent years BMB HOLDING has gained a great reputation not only in Uzbekistan, but also among the international business community. Today, the Holding effectively works in the areas of providing consulting services on investment projects, developing international business and trade relations, attracting foreign investments, export-import exchange, introducing innovative technologies, creating modern agro-industrial clusters. We would like to start our conversation with the organization of the Holding and the history of its development.
– After his election as President, Shavkat Mirziyoyev put on the agenda of our state’s policy such important issues as increasing economic potential, attracting investments and, most importantly, supporting entrepreneurs to bring the country to a new stage of development.
In this sense, the opportunities created for entrepreneurs have radically changed my life goals and made me want to test my potential in business.
We generated our first income through services. Developing business plans and providing consulting services was our first source of income. Later we bought land in Arnasay district of Jizzak region to implement our agricultural projects. We planted mung beans and peas as secondary crops here. The first attempts were successful. The agricultural products we grew gave better results than we expected. For the first time we were able to export our crops abroad. In particular, we started selling agricultural products to Pakistan, India and Afghanistan. Later, we had a plan to supply cotton and grain to the state on a contract basis, and we gradually expanded our financial capacity, making a profit from it.
In 2017, during the visit of the Head of state to Jizzakh region, our project to create a food cluster in Arnasay district was presented. At the meeting, the President emphasized that he would support us, like all businessmen, and expressed great confidence in us. Such attention and support of the President of the country gave us additional strength. After that, there was a desire to further expand our business activities, to test ourselves in new industries, to develop and implement joint projects with foreign partners.
In particular, in 2018, we were among the first to create the largest cotton cluster in the country. Thanks to the attention of the management and creation of favorable conditions for doing business, we created a cluster for growing medicinal plants, namely saffron. Later we organized a fruit and vegetable cluster. This big project, in turn, enabled us to set up a system of sorting, packing and deep processing of fruits and vegetables. Thus, having passed through various stages of business, our small project has now formed into BMB HOLDING. At present the Holding unites 30 enterprises. They employ more than six thousand people across the country.
– It is no secret that today the Holding realizes investment projects of international and national level. As an entrepreneur and a person who knows the business environment in foreign countries, how do you assess the investment environment in Uzbekistan? Are there aspects that do not satisfy you, are there factors that are obstacles for business?
– In the process of building New Uzbekistan, the creation of a favorable investment environment for entrepreneurs has become one of the main goals of the reforms of the Head of our state. The adoption by the President of Uzbekistan of a number of decrees and resolutions aimed at supporting entrepreneurs is yielding results today.
Improvement of tax legislation, creation of the possibility of free currency conversion, reforms in the sphere of private property and a number of other positive changes related to these spheres have played their important role, and entrepreneurs are now considered as the driving force of the country’s economy. In 2020-2022, despite the fact that the coronavirus pandemic worldwide had a large negative impact on the economies and the global investment environment, Uzbekistan’s economic growth rates remained stable and its investment attractiveness continued to grow.
The fact that the inflow of foreign investments into the country has increased significantly testifies to the confidence of international business in the economic reforms in our country. Active diversification of the economy is an important achievement that has opened new opportunities for investors in all sectors, starting with industry.
Now, if we talk about the factors that are obstacles for business, aspects that do not satisfy entrepreneurs, I will tell the truth openly: at the level of the government, reforms are being implemented very intensively, positive changes are taking place. But when you go to the lower level of the system, there are still cases of inattention and carelessness somewhere. I believe that such shortcomings will be eliminated.
– We know that BMB HOLDING is engaged in the production and export of a wide variety of agricultural products. In particular, the organization headed by you has achieved great success in saffron cultivation. Today saffron grown in Uzbekistan is becoming popular in many regions of the world. Tell me, when did you come up with the idea of establishing such a complex sphere as saffron cultivation in Uzbekistan and why did you choose this particular project?
– During President Shavkat Mirziyoyev’s visits to Kashkadarya region in 2017, the issue of cultivation of medicinal plants in mountainous and foothill regions, development of this sphere in our country and export of valuable medicinal plants to the world market was prioritized. The leader of our country also inquired why it is impossible to grow saffron in Uzbekistan despite all conditions, and gave a special instruction to develop this industry. During the President’s visit to Jizzakh region, we made a detailed presentation of our saffron cultivation project. Having familiarized himself with the project, the Head of state expressed his full support to it and instructed the responsible persons to implement the program as soon as possible.
However, it was not easy to realize this project at first. When implementing this business idea, first of all, we deeply studied the demand and supply in the domestic and foreign markets, opportunities and prospects for its implementation in the conditions of Uzbekistan, our own potential in this area, as well as a number of other factors. In 2020, we started to implement the project in pandemic conditions. At first, it took a lot of patience and hard work to find specialists, to bring saffron bulbs suitable for our climate from Europe and to get the desired harvest. In the first year we planted saffron bulbs on 55 hectares of land. The high demand for the harvest and the experience gained stimulated further development and expansion of the project. Today saffron is grown on 400 hectares of land. In the next three years, it is planned to increase the area of saffron plantations to 1,000 hectares and produce 20 tons of pure saffron products per year.
At the beginning of 2024, the product BMB Za’faron for the first time in our region received the USDA Organic certificate, an environmental certificate developed by the U.S. Department of Agriculture, which allowed Uzbek saffron to enter the American markets. After several years of in-depth analytical research, Uzbek saffron grown in the Bakhmal district received the appropriate permission to export to Chinese markets according to the conclusion of the Uzbek-Chinese interdepartmental commission.
– Indeed, a lot of experience in saffron cultivation has been accumulated in recent years. At the same time, what countries’ experience do you think should be studied and implemented in order to grow a competitive product that meets the requirements of international standards and markets?
– In agriculture, each product is grown using a specific method. Such countries as Italy, Austria, South Korea, USA, and Saudi Arabia have enough experience in saffron cultivation. Of course, we study the experience of countries with climatic conditions close to ours and exchange experience with industry experts. I can say that we have mobilized all possibilities to get more crops and export them abroad. The increase in exports, in turn, contributes to increasing the inflow of foreign currency into Uzbekistan and ensuring economic stability.
To bring our national products to the world market and increase their competitiveness, the most important factors are, first of all, quality, then price and, of course, matching production capacity to demand. We have taken these aspects into account in our work and projects, especially in saffron cultivation.
– In Uzbekistan, on the initiative of the Head of our state, an open dialog with entrepreneurs is held annually. Tell me, what impact do these efforts have on the activities of the Holding headed by you?
– It would not be an exaggeration to say that the adoption of a number of resolutions and decrees on creation of favorable business environment and healthy competition in our country, comprehensive support for entrepreneurs, further liberalization of tax policy have served to eliminate the problems that have arisen for many years and hindered the free activity of entrepreneurs.
Thanks to the political will of the President of Uzbekistan, the organizational and legal foundations for the development of the industry have been strengthened, and the attention to entrepreneurs has changed dramatically. Most importantly, all this has already started to yield positive results.
In addition, an open dialog between the President of the Republic of Uzbekistan and entrepreneurs has been established. In my opinion, there is no other country in the world that has such a format.
I can confidently say that the open communication of the Head of state with the business community, which has now become a tradition and is held annually, serves as an important factor in the formation of a new competitive class of entrepreneurs in New Uzbekistan.

I visit many countries for work. In particular, my friends-partners in Italy, Germany, the United States, Austria and other countries highly appreciate the annual dialog of the President of Uzbekistan with entrepreneurs. It is no secret that people look at us with envy when they see the personal attention of the Head of state to the development of business in our country. In fact, it is a great achievement for both sides — the President meets with businessmen, listens to their systemic problems, finds solutions and solves them. Therefore, today all businessmen are looking forward to meeting with the President. This meeting has also become an important forum for businessmen to assess their activities for the year and determine plans for the future. The speeches of our country’s leader at the meeting and important initiatives aimed at further development of the industry, removal of existing obstacles, provision of benefits to entrepreneurs serve as a program for further expansion of businessmen’s activities.
I would like to give an example based on my experience. Before dialoguing with the President, I note in my notebook the issues we face in our work. Listening to the President, I always get comprehensive answers to all my questions based on deep analysis.
– In August 2022, by the decree of the President of Uzbekistan, you were awarded the “Faol Tadbirkor” sign, and in 2023 — the “Dustlik” order. Recall those moments when your entrepreneurial activity was highly appreciated by the leadership of our country.
– Before answering, I have to say one thing. Before coming to business, I worked in state and public organizations for more than 15 years. I never received even a certificate of honor, let alone a state award. Today, the leader’s focus is on people who have sincerely worked for the development of our dear country — Uzbekistan. In recognition of our work, in 2022, I was awarded the “Faol Tadbirkor” sign. In 2023, I had the honor to receive the “Dustlik” Order from the esteemed President. These are not just awards given to me, they are recognition of the work of thousands of dedicated people working in the Holding’s system. Such a high appreciation gives our team more confidence and motivation, and gives us great strength to realize the goals we have set for ourselves.
– The direction of economic diplomacy is becoming increasingly important in attracting foreign investment to Uzbekistan, finding new partners and exporting national products abroad. In this regard, does the Holding, which you head, use the opportunities of diplomatic missions of our country in foreign countries? How satisfied are you with the work of our country's embassies in this direction?
– Frankly speaking, it used to be impossible to meet with diplomats. If you went abroad and wanted to meet with the Ambassador of our country, he would not accept businessmen. This is an open statement. The Ambassador only dealt with politics. Thanks very much to our President, he brought the diplomats’ attention to the economy as well. This, of course, has opened wonderful conditions and opportunities for entrepreneurs. Openness in this sphere, in turn, has become an important step for entrepreneurs in finding foreign partners and attracting investment.
Today, the diplomatic missions of Uzbekistan in foreign countries play a very important role in the activities of the Holding Company, and we feel their support at every stage of realization of our numerous projects. The introduction of the position of Advisor to the Ambassadors of Uzbekistan on economic issues has been very useful for us entrepreneurs. It should be noted that BMB HOLDING has established close relations of economic cooperation with embassies of foreign countries in Uzbekistan, in particular with diplomatic missions of Russia, China, USA and a number of European countries such as Poland, Austria and Latvia.
In a word, the role of diplomatic missions of Uzbekistan and foreign countries in our country is very important in effective realization of the company’s projects.
– Today BMB HOLDING operates in the field of cultivation and production of agricultural products. Our readers are also interested in the future plans of the Holding.
– Our plans for the near future are huge. In particular, the work on establishment of deep processing of agricultural and fruit and vegetable products, and the launching of textile factories in Syrdarya region is in full swing. We also want to implement projects in the field of medicine. Our first project in this direction will be the creation of a health center in Navoi region in 2025. Also, a chain of restaurants and hotels “Zafaron” will be launched in Tashkent city and Tashkent region.
Along with this, we plan to implement the project “Energy-efficient technologies and equipment for production, mining and processing of natural decorative stone” worth 50 million US dollars together with the organization Toksel Makina from Turkey.
– Our last question may be off-topic, but many people are also very interested in this area. We would like to ask about your projects in sports, especially in soccer. What are your goals in soccer and futsal? Also, please, provide information about BMB HOLDING brand ambassadors in the sphere of chess.
– This is an interesting question. BMB HOLDING considers the development of sports in our country, especially soccer and futsal, as one of the main directions of its activity. The Holding was one of the sponsors of Sogdiana soccer club in 2021 and Lokomotiv soccer club in 2022. Since 2023, our Holding has been one of the sponsors of the professional soccer league of Uzbekistan.
At the same time, the BMB PROFESSIONAL FUTSAL CLUB team started its activity in the system of the Holding. A number of famous local and Brazilian futsal players were invited to the team. For the last two years the team won the Cup of Uzbekistan and the Super Cup of Uzbekistan. Today the basis of our team is made up of futsal players playing in the national team of Uzbekistan on mini-football.
On June 30, on the occasion of Youth Day in Uzbekistan together with the Agency for Youth Affairs within the framework of the project of the brand ORRO ROSSO in Milan (this brand is currently the official partner of the Italian soccer club Milan and Monza) we organized a trip to our country of four famous former players of the soccer club Milan, world and European champions Dida, Sergino, Panucci and Zaccardo. I believe that the visit of famous soccer players to Uzbekistan has served to increase the interest and activity of our youth in sports.
As you know, the Futsal World Cup will be held in our country from September 14 to October 6 this year. BMB HOLDING as the main partner organization is preparing for this futsal holiday.
Besides, BMB HOLDING actively supports talented young chess players. Recognizing them as the face and ambassadors of the Holding, we call them brand ambassadors. In particular, FIDE Master of Sports Humoyun Bekmurodov won a silver medal at the X Chessable Sunway Sitges International Chess Festival 2023 held in Barcelona (Spain), and also won the Dubai Police Global Chess Challenge tournament held in Dubai (United Arab Emirates) on May 3-13 this year.
Another of our young chess players is Umida Omonova, a student of the International Chess School, world champion in blitz and rapid, FIDE Master of Sport, member of the Uzbekistan national team, holder of the state award named after Zulfiya, brand ambassador of BMB HOLDING. She also won the 18th round of the Uzbekistan Championship held in April this year.
Another thing is that BMB HOLDING mobilizes all its capabilities and potential in the direction of further prosperity of New Uzbekistan, which is being built under the leadership of the Head of state, improvement of welfare of our people and development of the Motherland.
- Thank you for taking the time to talk to us.
- Thank you.

Dunyo IA

In the 21st century, "green" development has become not just a trend, but an unavoidable path for all of humanity. In the face of rapid climate change, intensifying water resource scarcity, and loss of biodiversity, sustainable development has become a priority for every nation. The President of the Republic of Uzbekistan, Sh.M. Mirziyoyev, speaking at international, regional, and national forums, consistently promotes the agenda of sustainable "green" development as the key to the prosperity of future generations.

The recently published book "The Path of 'Green' Development for New Uzbekistan" presents 310 quotes and 54 initiatives by Sh. Mirziyoyev, proposed during the period of 2017-2025, addressing climate change mitigation, rational use of water and natural resources, biodiversity conservation, and transition to a "green" economy.

Structurally, the book is divided into three chapters: "'Green' Development - the Path Chosen by Humanity," "Central Asia - The Course Towards 'Green' Development and the Future," and "New Uzbekistan on the Path of Sustainable Development."

Green development: the path humanity has chosen

 In the context of the global climate crisis, depletion of natural resources, and deterioration of environmental quality, an increasing number of countries are transitioning to a sustainable development model. Within this concept, a "green" economy is replacing raw material-industrial models centered on extraction, exploitation, and disregard for environmental risks.

The leader of Uzbekistan has repeatedly emphasized that for Central Asian countries, "green" development should become the foundation for a new stage of modernization: ..."only by efficiently utilizing limited land and water resources, addressing environmental issues, and embarking on the path of 'green' development, 'green' economy, and 'green' energy can we ensure sustainable development of the country and the well-being of its population. This is the only correct path." This quote reflects a fundamental shift in state policy: from narrow economic thinking to a strategic approach that focuses not only on profit and growth but also on environmental preservation, ecosystem sustainability, and public health. This is precisely why Sh. Mirziyoyev advocates the idea that the green course is not a fashionable trend, but a long-term necessity. Supporting the transition to green energy sources, reducing greenhouse gas emissions, strengthening environmental legislation, and educating the public are all part of a systemic green reform.

The President consistently emphasizes that responsibility for the future lies not only with developed countries but also with emerging economies. In this context, he declared at the UN General Assembly (2023): "At this pivotal historical moment, we all must reflect on what kind of planet we will leave for future generations." This appeal aims to mobilize the global community, but primarily reflects Uzbekistan's internal transformation - a course towards sustainability, resource conservation, and climate justice. In this regard, we present the following scientifically grounded proposals of the President.

Firstly, "climate change has become one of the main challenges for sustainable development in Central Asia," declared the President of Uzbekistan at the COP28 summit in Dubai. He emphasized that "the transition to a 'green' economy and achieving carbon neutrality are strategic objectives of New Uzbekistan."

Secondly, "Climate change has become one of the main challenges to sustainable development. This is especially acute in Central Asia and adjacent regions against the backdrop of the Aral Sea tragedy - one of the most devastating ecological crises of our time."

Thirdly, "the rise in air temperature in Central Asia is twice the global average, the number of extremely hot days has doubled, and a third of glacier masses have melted."

Fourthly, "soil degradation, regular dust and sand storms, drinking water shortages, air pollution, biodiversity loss, sharp decline in crop yields, and many other factors are negatively impacting the quality of life of millions of residents in the region."

Fifthly, the President also called for "swift agreement on the Global Framework for Climate Change Adaptation within the Paris Agreement." He also addressed the topic of global transition to a low-carbon economy. According to him, this process "must be fair, transparent, and inclusive" and "must necessarily take into account the interests of developing countries."

Sixthly, to transform the Aral Sea region into a Zone of Innovation, Technology, and New Opportunities, the head of Uzbekistan invited everyone to close cooperation "in creating an International Climate Technology Expo Hub in this region." Additionally, the President proposed to "establish scientific exchange and conduct joint research on the platform of the Climate Science Forum," which is being created on the basis of Green University in Tashkent, involving scientists and experts from foreign countries.

Central Asia: Charting a Course Towards "Green" Development and Future

 Global climate change is one of the most serious problems of our time, affecting all countries worldwide and becoming a significant obstacle to sustainable "green" development. The observed warming is causing extreme natural phenomena across the globe, such as droughts, hurricanes, scorching heat, fires, torrential rains, and floods.

Uzbekistan and other Central Asian states are among the countries most vulnerable to environmental disasters. Against the backdrop of a general increase in climate threats, Central Asia is developing its own regional response to the challenges of global warming and environmental degradation. The initiatives of the President of Uzbekistan on international platforms demonstrate that green transformation is not just a national priority, but also an interstate one.

Speaking at the 78th session of the UN General Assembly (2023), the President emphasized: "Today, the world is facing a severe ecological situation. The triple planetary crisis, caused by climate change, loss of biodiversity, and environmental pollution, is intensifying.

Under these challenging conditions, Central Asia, which continues to grapple with the tragedy of the Aral Sea, is becoming one of the regions most vulnerable to climate change."

This quote indicates the need for regional integration in the field of environmental safety. The President emphasizes the importance of joint actions in the management of natural resources, in particular transboundary waters. He initiated the development of a Regional Strategy to combat desertification and land degradation, emphasizing that sustainable agriculture and biodiversity conservation are only possible through coordinated efforts.

As part of this initiative, the following proposals were put forward:

First proposal: establishment of a Regional Center for Climate Technologies;

Second proposal: creation of a unified "green" energy space;

Third proposal: joint projects for reforestation and combating desertification, particularly in the dried-up seabed of the Aral Sea;

Fourth proposal: development of transboundary water diplomacy based on the principles of the Helsinki Convention.

In recent years, at Uzbekistan's initiative, the UN General Assembly has adopted more than ten special resolutions. Many of these directly address environmental issues in Central Asia and reflect Uzbekistan's active role in regional environmental diplomacy.

It is particularly noteworthy that all international initiatives and efforts of Uzbekistan's leader in this field are rooted in our national values, passed down from our ancestors over millennia. It should be emphasized that the environmental initiatives presented by the head of state at global forums receive widespread support from the international community and make a tangible contribution to ensuring sustainable "green" development at the global level.

For instance, one of Uzbekistan's landmark achievements was the adoption of a Special Resolution by the UN General Assembly in 2021, declaring the Aral Sea region a zone of environmental innovations and technologies. This marks the first time the UN General Assembly has granted such a high status to a region. This is because, due to the drying up of the Aral Sea, the Aral Sea region has become the epicenter of a global ecological disaster, a territory with an elevated risk to human health and ecosystem instability.

Water resource management issues in the region also remain within the focus of the President of Uzbekistan. "Effective water resource management with neighboring countries is key to sustainable development not only for Uzbekistan but for our entire region." This statement is particularly relevant for Central Asia, where water is becoming an increasingly scarce and politically sensitive resource. The leader of Uzbekistan advocates for the establishment of sustainable mechanisms for the distribution and joint management of water flows, which should reduce tensions and ensure harmonious development.

At the SCO summit in Bishkek (June 14, 2019), Shavkat Mirziyoyev proposed adopting the SCO "Green Belt" program to introduce resource-saving and environmentally friendly technologies in the organization's member countries. At the 14th ECO Summit (March 4, 2021), the Head of Uzbekistan put forward an initiative to develop and approve a medium-term strategy aimed at ensuring energy sustainability and broadly attracting investments and modern technologies to this sector.

At the Third Consultative Meeting of Central Asian Heads of State, held on August 6, 2021, in Turkmenistan, the President of Uzbekistan advocated for the development of a regional "Green Agenda" program for Central Asia. This program aims to facilitate the adaptation of countries in the region to climate change. The main focus areas of the program could include gradual decarbonization of the economy, rational use of water resources, integration of energy-efficient technologies into the economy, and increasing the share of renewable energy production.

Overall, against the backdrop of the increasing prominence of the international climate agenda, Uzbekistan's ongoing systemic environmental policy in the field of environmental protection aims to further improve the ecological situation in the Central Asian region.

Uzbekistan's New Path Towards Sustainable Development

 Today, Uzbekistan is actively integrating the principles of "green" transformation into its development strategies, laying the foundation for long-term sustainable growth. This is not merely a response to global challenges, but also an aspiration to enhance the quality of life for our citizens, generate new employment opportunities, and foster the country's sustainable "green" development. At present, "green" development in Uzbekistan has been elevated to the status of a nationwide movement. The primary objective of New Uzbekistan's transition to a "green" course is to safeguard human dignity, improve the population's well-being, and protect the fundamental rights of its citizens.

For Uzbekistan, the transition to "green" development is not an abstract concept or something far removed from reality. This notion has become an integral part of our country's constitutional course, encompassing all sectors of the economy and public life.

President Sh. Mirziyoyev emphasizes: "It is of great importance to accelerate the transition to an economy based on the careful management of water, energy, and other natural resources.

The task of developing 'green' and digital technologies, as well as production enterprises, is also crucial for us."

This is not merely a scientific and philosophical statement, but a guiding principle of state environmental policy. Under this slogan, various programs are being developed:

• increasing the share of renewable energy (target - at least 30% by 2030);
• reducing water losses in the agricultural sector through the use of digital systems and precision farming;
• improving energy efficiency of residential and industrial buildings;
• creating "smart" and "green" cities, including within the framework of the "Tashkent - Green Capital" project.

One example is the construction of solar and wind power plants in Navoi, Bukhara, and Samarkand regions. These projects are being implemented with the participation of major foreign investors (Masdar, ACWA Power) and are creating new jobs while reducing the burden on hydrocarbon resources.

Sh.Mirziyoyev also emphasizes the need to cultivate new ecological thinking in young people: "Understanding nature, environmental education and upbringing, forming environmental awareness and ecological culture among the population, especially among youth, which promote kindness, compassion, and mercy, are among the important tasks that must be accomplished to preserve the environment."

In this context, special attention is paid to environmental education, promoting sustainable practices, and supporting startups in the field of eco-technologies and green innovations. The creation of a national environmental performance rating for regions and institutions has become a tool for stimulating sustainable change.

Thus, Uzbekistan is becoming an example of a systematic approach to sustainable "green" development, combining environmental goals with economic growth and social justice. The principles of the "green" economy are increasingly being integrated into national planning, making Uzbekistan not only a participant but also an active driver of the international green agenda.

Conclusions: Prospects for the Future

 First conclusion. The approach being implemented in New Uzbekistan under the leadership of President Shavkat Mirziyoyev exemplifies the synergy of political will, scientific knowledge, national policy, and international cooperation. "Green" development is not a trend or a temporary solution. It is a strategic choice, a path chosen by humanity, and Uzbekistan demonstrates how this path can be realized in the face of global challenges.

Second conclusion. The initiatives and statements of Uzbekistan's leader demonstrate that green development for Uzbekistan is not a temporary agenda, but a strategic vector for a promising future. The framework of an environmentally responsible state is being systematically formed: with new laws, institutions, technologies, and public awareness.

Third conclusion. A distinctive feature of the Uzbek approach is its comprehensiveness: from global leadership in climate diplomacy to the practical transformation of energy, land use, and water management. Sh. Mirziyoyev not only articulates the principles of sustainable development but also ensures their institutional establishment, investment, and public support.

Fourth conclusion. Thus, the path to a "green" future, proposed and implemented by New Uzbekistan, can serve as a model for countries facing similar challenges and opportunities. This is a path where economic progress goes hand in hand with care for the planet, where political will translates into concrete actions, and sustainability becomes a new norm for human development.