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
The exhibition will bring together more than 100 companies and brands from 12 countries.
The specialised international exhibition of the beauty, cosmetology, and perfumery-cosmetics industry – Beauty Uzbekistan 2026 – will take place from April 28 to April 30 at the CAEx Uzbekistan exhibition complex in Tashkent.
Beauty Uzbekistan is a professional B2B exhibition that brings together manufacturers and distributors of cosmetic products, aesthetic medicine specialists, retail representatives, salon business owners, and professionals in the personal care sector. The exhibition provides direct access to leading global brands, innovative products, and cutting-edge technologies, while offering valuable opportunities to establish business connections, and gain early insight into key trends in the beauty industry.
The exhibition will feature more than 100 companies and brands from 12 countries: Azerbaijan, China, Georgia, Italy, Kyrgyzstan, Republic of Korea, Poland, Russia, Sweden, Spain, UAE, and Uzbekistan. National pavilions from the Republic of Korea and Poland will showcase advanced beauty industry solutions and the export potential of these countries.
According to the organizers, the main sections of the exhibition are:
- Beauty Uzbekistan – covering the full spectrum of the perfumery and cosmetics industry, including makeup and skincare cosmetics, fragrances, personal care products, and hair industry products.
- Beauty Derma Central Asia – a dedicated segment focused on aesthetic medicine, device-based cosmetology, and anti-ageing solutions. This section of the exhibition will present advanced technologies for clinics and industry professionals, including injectable treatments, as well as next-generation laser and energy-based technologies.
Traditionally, the exhibition will feature a comprehensive business programme, including specialised seminars, expert-led sessions, and professional discussions.
Dedicated programme segments will address key developments in aesthetic medicine, balneology, and SPA industry, including scientific approaches in aesthetic medicine (CYTOLIFE / MedTenderGroup, Russia), as well as advanced solutions in balneological equipment and hydrotherapy technologies (Physiotechnika, Russia).
A specialised session on fragrance solutions presented by the Swiss Company LUZI may be of particular interest to industry professional and household chemical manufacturers.
Beauty Uzbekistan 2026 is more than just an exhibition — it is a dynamic professional platform where business, medicine, technology, and the latest beauty trends converge.
The event is organised by Iteca Exhibitions, an international exhibition company, in partnership with ICA Eurasia Group, informed that one can register to visit the exhibition on the website: www.beautypro.uz.
IA “Dunyo”
At the invitation of the of President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan, on January 13 President of the Republic of Uzbekistan Shavkat Mirziyoyev departed to this country with an official visit.
In accordance with the program negotiations at the highest level, as well as bilateral meetings with the heads of leading organizations, companies and banks of the UAE will be conducted in the Emirates’ capital of Abu Dhabi.
President of Uzbekistan will also participate in the activities of the international summit “Abu Dhabi Sustainability Week”.
In the framework of the visit, the Head of our state will visit Dubai, where he will hold a meeting with Vice President, Prime Minister of the United Arab Emirates, Emir of Dubai Sheikh Mohammed bin Rashid Al Maktoum.
Introduction: The Significance of President Shavkat Mirziyoyev’s participation in the 80th session of the United Nations General Assembly
The participation of the President of the Republic of Uzbekistan in the 80th session of the United Nations General Assembly (UNGA) this September held profound political and historic significance not only for our country but for the entire region. Speaking from this prestigious platform, which gathers heads of state from across the globe, Uzbekistan raised critical issues including sustainable development, combating climate change, ensuring food security, and the efficient management of water resources.
Through his address at the United Nations, a premier global institution, our President further solidified Uzbekistan’s international standing and reputation as a proactive and responsible state. Notably, by showcasing the ecological and innovative initiatives being implemented in the Aral Sea region, Uzbekistan demonstrated its openness to global cooperation in addressing pressing environmental challenges.
Another significant aspect of this participation is the integration of Uzbekistan’s international environmental initiatives into the global political agenda, highlighting the Aral Sea region as an open platform for advancing climate technologies.
During the visit, the initiatives concerning the Aral Sea region received significant attention from the international community.
During his address at the 80th session of the United Nations General Assembly, our President paid special attention to the environmental disaster in the Aral Sea region and the ongoing initiatives aimed at mitigating its consequences. This issue has garnered significant focus from the international community, reaffirming that the Aral Sea crisis is recognized not only as a regional challenge but also as a global environmental concern.
Uzbekistan’s initiative to transform the Aral Sea region into a hub of sustainable development and innovation has received strong support from international partners. In particular, significant opportunities were highlighted for implementing joint projects in areas such as green energy, water-saving technologies, ecotourism, and the restoration of biodiversity.
Thus, the raising of the Aral Sea issue on the prestigious platform of the United Nations during the visit served as a significant political and practical foundation for strengthening global cooperation and attracting increased attention from international donors and organizations.
Transforming the Aral Sea region into a hub for global climate technologies.
The challenges arising from the desiccation of the Aral Sea serve as a profound lesson for the entire world. In response, Uzbekistan aims to transform the Aral Sea region into a “global laboratory” by implementing advanced practices in green energy, water-saving technologies, biodiversity restoration, and climate change adaptation.
Such an approach not only addresses regional challenges but also offers an effective model for the international community. The projects being implemented in the Aral Sea region can subsequently serve as a replicable framework for other areas facing the impacts of climate change.
On May 18, 2021, during the 75th Session of the United Nations General Assembly, our President put forward the initiative to designate the Aral Sea region as a hub for ecological innovations and technologies. This proposal received enthusiastic support from the United Nations and the international community, and was unanimously adopted by all member states during the General Assembly plenary session. This resolution underscores Uzbekistan’s consistent and steadfast commitment to addressing the Aral Sea crisis and mitigating associated risks through a principled and effective approach.
The Aral disaster and its lessons for humanity.
The Aral Sea disaster is recognized worldwide as one of the greatest environmental catastrophes in human history. Once the fourth-largest lake in the world by surface area, the Aral Sea has almost completely dried up over the past half-century. This tragic development has dealt a severe blow to the regional climate, biodiversity, public health, and economy.
The drying up of the Aral Sea stands as a vivid example of human intervention that was not in harmony with nature. Excessive and inefficient use of water in irrigation, coupled with ineffective irrigation systems and planning errors, led to this major environmental disaster.
This tragedy underscored the necessity for humanity to use natural resources efficiently and wisely, highlighting the importance of developing water supply and agriculture solely based on sustainable technologies. At the same time, it clearly demonstrated that ensuring environmental security requires global solidarity and close international cooperation.
The imperative of sustainable development in the region.
The Aral Sea region today represents one of the most critical challenges for environmental, social, and economic sustainability in Uzbekistan and the broader Central Asian region. The limitations of natural resources, issues related to water supply, ongoing desertification processes, and declining living standards underscore the urgent need to implement a comprehensive sustainable development strategy in this area.
The necessity for sustainable development in the Aral Sea region is grounded in several key factors. Primarily, environmental security remains a pressing concern: frequent dust storms, soil degradation, and the loss of biodiversity pose direct threats to public health and the quality of life. Additionally, economic considerations are paramount, as the modernization of agriculture — the main source of income for the local population — requires the adoption of water-saving and innovative technologies.
Ensuring social sustainability requires a comprehensive set of measures aimed at creating new employment opportunities, increasing household incomes, and mitigating the risks of environmental migration. Furthermore, given that the challenges in the Aral Sea region transcend regional boundaries and hold global significance, addressing them necessitates reliance on international cooperation and partnership.
Opportunities of the Aral Sea region as an international innovation hub and platform for cooperation.
It is widely recognized that Uzbekistan has undertaken extensive and positive national efforts to combat the adverse environmental and public health impacts caused by the drying up of the Aral Sea. Since the early years of independence, the population of the White Aral Sea region has consistently felt the substantial support of the Uzbek government. The Government of Uzbekistan remains committed to paying continuous attention to the social welfare of the communities residing in the Aral Sea area.
Today, the Aral Sea region serves as an international innovation hub, playing a crucial role in promoting sustainable development in an area severely affected by ecological crisis. Through scientific, innovative, and practical projects, the center actively advances comprehensive work in key sectors including environmental protection, water resource management, agricultural technologies, energy, climate adaptation, and international cooperation.
In order to enhance the activities of the Center and further develop ecological and innovative technologies in the Aral Sea region, the Aral Sea International Innovation Center was transferred under the jurisdiction of the Ministry of Ecology, Environmental Protection, and Climate Change of the Republic of Uzbekistan, in accordance with Presidential Decree No. PQ-171 dated May 31, 2023.
In accordance with Presidential Decree No. PQ-5202 dated July 29, 2021, a modern laboratory, business accelerator training center, and technopark building, valued at 12.4 billion Uzbek soms, were completed and commissioned in 2024 within the Center’s premises. The laboratory is equipped with a plant seed gene bank and serves as a crucial scientific and innovative platform for preserving biodiversity in the region, protecting both native and introduced species, and achieving high efficiency in agricultural practices.
Currently, efforts are underway to commence full-scale operations at the facility, enrich the gene bank with an extensive seed collection, organize scientific research, and enhance the expertise of local specialists. This initiative not only supports sustainable agricultural development in Uzbekistan but also plays a crucial role in ensuring food security amid climate change and advancing international scientific cooperation across the entire Central Asian region.
Over the past period, the Center has established effective cooperation with a range of international and local organizations, as well as research institutes, in conducting scientific research and implementing projects. In particular, agreements and memoranda of understanding have been signed with over 70 foreign and domestic entities. Currently, 20 scientific-practical and innovative projects with a total value of 23.9 billion Uzbek soms are being carried out. These projects encompass alternative green energy, aquaculture, intensive horticulture, medicinal plant cultivation, resource-saving technologies, and social programs.
The Center’s activities are primarily focused on improving the living standards of the population, introducing and developing salt- and drought-tolerant crops, and implementing resource-efficient technologies. At the same time, it carries out scientific-practical and innovative initiatives aimed at restoring ecosystems, preserving biodiversity, and enhancing the quality of life in collaboration with leading international organizations. Among these partners are the United Nations Development Programme (UNDP), the International Center for Biosaline Agriculture (ICBA, UAE), the Xinjiang Institute of Ecology and Geography (China), the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the Global Green Growth Institute (GGGI), the Korea International Cooperation Agency (KOICA), the Japan International Cooperation Agency (JICA), and other prestigious institutions.
The “Samanbay” (24.3 hectares) scientific-production site in Nukus district and the “Moynoq” (106 hectares) site in Moynoq district serve as the primary experimental and testing bases of the Center. At these sites, experimental research and monitoring activities are being conducted in cooperation with foreign and local organizations. Additionally, the Center hosts joint laboratories established in partnership with international collaborators, as well as its own in vitro, soil, water, and plant biotechnology laboratories. These infrastructures support the deepening of scientific research carried out in the experimental fields and enhance the effectiveness of ongoing studies.
Each of the ongoing projects is aimed at creating long-term solutions for the Aral Sea region. Thanks to its innovative approach and international cooperation, the Aral Sea International Innovation Center is gradually becoming the primary platform in Central Asia for scientific research, technological development, and sustainable development.
In its future plans, the Aral Sea International Innovation Center aims to ensure environmental sustainability by implementing innovative eco-technologies, including desertification control measures and smart agriculture solutions.
Simultaneously, to strengthen scientific research activities, plans have been made to establish modern laboratories, a business accelerator, a training center, a technopark, experimental sites, and data analysis centers.
The Center aims to implement large-scale joint projects by further expanding cooperation with international organizations. Additionally, one of the Center’s priority directions is developing programs focused on fostering innovative ideas, creating startups, and enhancing professional skills for farmers, entrepreneurs, local communities, youth, and women.
Conclusion
The Strategic significance of the initiative to transform the Aral Sea region into a global hub for climate technologies.
The initiative to transform the Aral Sea region into a global hub for climate technologies holds strategic significance not only on a regional scale but also worldwide. Its core essence lies in ensuring environmental sustainability, conserving water resources, mitigating desertification processes, and restoring biodiversity.
At the same time, the introduction of solar and wind energy, modern irrigation systems, and innovative technologies will open broad avenues for the development of a green economy in the region. This initiative will strengthen cooperation with international organizations such as the United Nations and the Green Climate Fund, creating new employment opportunities for the local population and enhancing overall prosperity.
Most importantly, the Aral Sea region’s experience will serve as an effective model in addressing climate change and water resource challenges on a global scale in the future.
Director of the Aral Sea International Innovation Centre under the Ministry of Ecology, Environmental Protection and Climate Change of the Republic of Uzbekistan
B.S.Khabibullaev
The main feature of a democratic society is the protection of human rights and the provision of equal opportunities for all in public life and administration. Gender equality is an essential component of this, as it ensures equal protection of rights and freedoms for individuals.
The Constitution of Uzbekistan states that all citizens enjoy equal rights and freedoms, regardless of gender, race, nationality, language, religion, beliefs, social origin or social status. Article 58 states that men and women have equal rights, and the state provides equal opportunities for both genders in managing society and state affairs.
These principles of equality and social justice are reflected in all laws and regulations, ensuring that everyone has equal access to opportunities and rights. This includes gender equality, which is essential for a fair and just society.
It should be noted that, in recent years, more than 40 legislative documents and important conceptual programs have been adopted within the framework of which efforts have been made to create equal rights and opportunities for women and men, strengthen the role of women in government and community leadership, provide necessary conditions for education, vocational training, employment, and create decent working conditions. These efforts also aim to increase women's participation in economic life and protect them against various forms of harassment and violence.
In particular, the law “On guarantees of equal rights and opportunities for women and men” provides for the prevention of gender discrimination and the provision of equal participation for all in public administration. The Law on Protection of Women from Harassment and Violence establishes mechanisms to end various forms of violence against women and to provide protection and assistance to victims.
The “Strategy for achieving gender equality in Uzbekistan until 2030” approved by the decision of the Senate of the Oliy Majlis of the Republic of Uzbekistan on May 28, 2021, envisages a comprehensive approach to the implementation of the principle of equality between women and men in all spheres and levels of decision-making and implementation. Also, the strategy serves to ensure the promotion of gender equality in economic, political, and social life in order to create conditions for the realization of equal rights and opportunities for men and women and to observe fundamental human rights.
Due to this, gender policy in our country has become an important factor in society and state development. Concepts such as “gender equality”, “gender and development”, “gender balance”, and “the role of women in social and political life” are expressed in the development of program documents and all normative legal documents in our country.
In practice, the results are even more significant. In particular, the reason for the gender policy is that in the last seven years, the share of women in public administration in Uzbekistan has increased from 27% to 35%. In his speech at the 78th session of the United Nations General Assembly, the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, summarized the systematic efforts to achieve gender equality in our country and noted that the share of women in public administration reached 35% for the first time.
Moreover, in our country, 32% of the deputies in the Legislative Chamber of the Oliy Majlis and 25% of the members of the Senate are women. The number of women entrepreneurs has doubled, and the number of women who have started their own business has exceeded 205 thousand. Hundreds of thousands of women were trained in trades and entrepreneurship. Among the population employed in health care and education, the share of women is 77 percent, in the economy and industry, it is 46 percent. The number of girls studying in higher education institutions has increased by six times; more than half of the students are women.
Uzbekistan has ratified the main international human rights treaties and conventions related to gender equality. Our country joined the Convention on the Elimination of All Forms of Discrimination against Women (CEDAW) in 1995 and undertook to eliminate discrimination and ensure the full development and well-being of women. Uzbekistan has also ratified the Beijing Declaration and the Platform for Action, which set strategic goals for achieving gender equality, and has been effectively fulfilling the relevant obligations.
Therefore, the systematic measures taken in this regard are duly recognized by the international community. In particular, in the World Bank index, Uzbekistan was listed among the 5 fastest developing countries in the world in the field of gender equality.
In addition, Uzbekistan ranked 18th out of 195 countries with a score of
69.7 in the “Open Data Watch” organization's Open Gender Data Index, and was ranked among the “Top-20”.
In the policy of ensuring gender equality in the public service, increasing the weight of women in public administration, in particular, issues of forming a team of potential female leaders are of priority.
It should be noted that after the introduction of open competitions by the Public Service Development Agency, practically the same requirements were set for everyone. The human factor between the employer, personnel department representatives, and candidates was limited. Equal opportunities are guaranteed for all.
This, of course, further expanded the opportunities for women to enter the civil service. If we base our opinion on the numbers, earlier women made up
5-8 percent of those who entered the civil service, now women make up about
34 percent of the winners of the competition.
To be more specific, 2.1 million applications have been received in open competitions to date, of which 20% are women. 56,500 of our citizens won these contests, and 19,670 of them (35 percent) were women.
The first direction of ensuring gender equality in the personnel policy is to attract the most potential women to the civil service, to increase the attractiveness of the civil service for them, and the second major direction is to hire highly skilled people in the management of the civil service – “HiPo” (High potential) is to systematically prepare female personnel for leadership positions and to form a corps of “Women leaders”.
According to many sociologists, a professional leader is a person who has certain characteristics for successful management, regardless of gender. For effective management, it is not the role of the leader in gender relations, but the presence of professional competences such as the ability to correctly set priorities in solving the problem, to direct the team, and to fully achieve the goals based on the rational distribution of resources, is considered important.
However, due to the problem of vertical segregation, the low proportion of women in high-ranking positions, and the problem of the “glass ceiling”—invisible barriers to advancement our women have to work in more middle and senior management positions. As a reason for such a situation, we can point out the high responsibility of leadership, and for this reason, the professional qualifications, knowledge, and potential of women are not in accordance with the relevant leadership position.
In order to form specialists into good leaders, it is necessary to develop the necessary soft skills in effective work with personnel and making optimal decisions in management, development of human resources, innovation, critical and systematic thinking, and leadership competencies.
Therefore, our agency, in cooperation with the Family and Women's Committee and the Academy of Public Administration, launched the “Women's School of Leaders” educational program aimed at preparing the most potential women working in state bodies for leadership.
Until now, on the basis of this program, he has a high professional potential, is active in the implementation of reforms, and is active in various fields of public administration. The qualification of 145 women was improved.
At this point, it should be noted that by the Decree of the President of the Republic of Uzbekistan No. PF-81 dated March 1, 2022, the position of women activists was introduced in every neighborhood in all cities, towns, villages, and towns. In turn, through this, the President created a practical school for the formation of women leaders. Currently, there are about 9,400 women activists at the lower level, and 207 women are working as deputy governors, heads of family, and women's departments at the middle level.
Those who have achieved the highest results according to the KPI system by the State Service Development Agency are included in the National Personnel Reserve and are purposefully prepared for senior leadership positions.
As a result of the above-summarized measures implemented on the basis of today's gender equality policy, a unique national model of preparing women for leadership is being formed in our country.
In conclusion, a strong legal basis for gender equality policy has been formed in our country, and as a result of the full and correct implementation of these norms in life, we are making progress recognized by the international community. On this basis, it can be noted that gender policy in Uzbekistan serves as an important criterion for ensuring human rights.
Dilfuza Makhkamova,
Head of the Department of the Agency for the Development of Public Service under the President of the Republic of Uzbekistan
Farangiz Avazbekova,
Chief Inspector of the Agency for the Development of Public Service
under the President of the Republic of Uzbekistan;
Doctor of Philosophy (PhD) in Law
On the eve of the 34th anniversary of our country's independence, the Executive Board of the International Monetary Fund has finalised the 2025 consultations in accordance with Article IV of the IMF Agreement. The main conclusion on the essence of the ongoing reforms is positive prospects for Uzbekistan's economic development against the backdrop of continued progress in the transition to a market economy. According to the published document, economic indicators remain strong, including sustainable growth rates, reduction of the consolidated budget deficit, current account deficit and sufficient level of international reserves.
Successful and effective implementation of structural reforms, according to the Fund's specialists, allows us to conclude that the prospects are favourable. Against the background of a high degree of uncertainty in global trade policy, the IMF baseline scenario predicts that real GDP growth will remain stably high in the coming years. Such trends are the result of economic openness, industrialisation, active investment policy and support for the formation of export potential of promising industries.
The set of reforms and effectively implemented decisions is consistent with available internal resources and reserves for long-term sustainable development of the country and regions. The course towards irreversible market transformations makes it possible to skilfully combine the instruments of targeted state support and opportunities for entrepreneurial initiative on the way to building a New Uzbekistan.
In recent years, as a result of openness and growing confidence in our country, there has been a progressive increase in capital investment. In 2017-2024, the total volume of foreign investment absorbed exceeded $113 billion. Foreign direct investment and loans account for more than 80 per cent of them. Activity in attracting finance is observed in the leading industries and the fuel and energy complex, which has a corresponding impact on the acceleration of industrialisation processes in almost all regions.
Increasing investment cooperation with China, Russia, Germany, Turkey, Saudi Arabia, the Netherlands, the USA, the UK and other countries is becoming a source of attraction of advanced technological solutions and expertise, management methods, localisation of production and strengthening the export potential of promising industries and regions of Uzbekistan. Attracted resources are mainly invested in the technological re-equipment and modernisation of existing production facilities and the creation of new production facilities that did not exist before.
Over the past eight years, investment programmes have launched more than 96,000 projects worth about $100 billion, creating 1.8 million jobs. In 2024, compared to 2017, the value of investment projects put into operation increased almost eightfold, and the number of jobs grew 2.6 times.
We emphasise the factor of active involvement of our Head of State in this process. As a result of visits and top-level events, 366 investment agreements worth $75 billion have been reached since the beginning of this year. In particular, this year road maps have been approved for 222 investment projects worth about $45 billion.
Within the framework of the IV Tashkent International Investment Forum (June this year), agreements were reached on investments worth more than $30 billion (for the implementation of 144 joint projects). In April 2025, on the margins of the 5th International Industrial Exhibition "INNOPROM. Central Asia", held in Tashkent, within the framework of the 43 investment agreements reached, it is planned to attract an additional billion dollars to the industrial sector of the country.
In recent years, there has been an active practice of holding events to inform the international community about opportunities for the implementation of joint projects. Thus, this year, forums were held in 13 foreign countries as part of the Investors' Day of Uzbekistan, attended by representatives of 700 well-known foreign companies. More than 200 investment projects worth six billion dollars were presented to potential partners.
Among the important elements of Uzbekistan's modern industrial policy is localisation of production of high quality and competitive products, reduction of imports of finished goods and components. In accordance with the Localisation Programme, which included about 10 thousand projects, almost 300 trillion soums worth of products have been produced over the period 2020-2024. This led to import substitution in the amount of about $25 billion. The Localisation Programme allowed the creation of new production facilities for previously imported goods, contributed to changing the sectoral structure of industry and reducing dependence on external supplies by expanding the range of products and services.
THE NUMBER OF EXPORTERS IS GROWING
The formation of an export orientation has become one of the main conditions for success in implementing the plans outlined for Uzbekistan's industrialisation. Over 2017-2024, the total volume of exports exceeded $132 billion. It is noteworthy that the average annual growth rate of the country's exports over the period was 12-23 per cent. As a result of systematic and targeted support for exporters, the geography of exports of domestic products expanded by 55 states in 2024 and reached 186 countries over the past eight years. Last year, the number of exporting enterprises increased by 3,143 and their total number totalled 7,343.
Only due to the increase in the share of exports of higher value-added products in 2024, shipments to foreign markets increased by a billion dollars. Entering new promising markets, in turn, requires a significant improvement in the quality of manufactured products and their compliance with international standards. As part of the GSP+ programme, we implemented a set of organisational and technical measures to obtain Global G.A.P., Organic, OEKO-Tex, BSCI, CE marking certificates for our products and transition to ISO standards at more than five thousand enterprises. This made it possible last year alone to provide additional exports of 617 types of products worth $1.4 billion to the European Union.
Transition to more demanding standards and technological processes makes it possible to achieve the goals of producing and selling products of a completely different quality in new markets. Export supplies of goods to developed countries confirm the correctness of the chosen strategy, demonstrating its undeniable results. For example, due to the expansion of export geography and correct response to the conjuncture, the selling prices of Uzbekistan's fruit and vegetable products last year increased by an average of 14 per cent.
The industrial trend of economic development, having ensured a technological leap in a number of sectors, has had a significant impact on the evolution of the commodity nomenclature of exports. Quite recently, Uzbekistan was associated as a country with a monoculture of cotton, and its products were practically the sole leader of exports with absolute dominance of raw materials. In this regard, according to IMF experts, there is a decline in the share of cotton fibre exports from 0.2 per cent of GDP to zero from 2021 in the long term. Today Uzbekistan exports more and more high-tech products, and by 2024 its nomenclature has reached four thousand items.
For example, compared to 2017, exports of primary goods fell by 22 per cent last year, while the share of exports of finished goods increased 3.3 times, semi-finished goods - 4.4 times, and exports of services increased 2.9 times. At the same time, the transition to advanced processing of cotton contributed to the doubling of exports of garment and knitwear products to one billion dollars. This allowed our country to become the second supplier of textile products in the Russian market.
Domestic products are becoming a recognisable national brand, enjoying trust and popularity among foreign consumers. Last year, the goods of about 300 Uzbek enterprises received registration on the well-known electronic commercial platforms Alibaba, Wildberries and Ozon. As a result, sales of our companies reached $680 million.
At the end of the first half of 2025, the volume of exports grew by 33 per cent year-on-year and approached $17 billion. Since the beginning of the year, 1,557 domestic companies have been added to the exporters, accounting for $650 million in shipments.
The steady trend away from raw material exports towards finished high-tech products and services (tourism, transport, construction, IT and others) continues.
INVESTMENT DIALOGUE
It should be noted that our country is building and effectively operating an institutional environment to address strategically important issues of industrial development with a clear export orientation by attracting foreign capital. For this purpose, the relevant ministry and state agencies responsible for this complex of issues, as well as organisations promoting interaction between the state and the private sector have been established.
The Council of Foreign Investors under the President of the Republic of Uzbekistan is an institutional platform for direct dialogue between the government and investors (including international financial institutions). The Council's work as an advisory and consultative body effectively promotes the attraction of foreign direct investment in priority sectors of the economy and the organization of quality business dialogue, taking into account international best practices.
The Council operates under the patronage of the President of Uzbekistan, who personally attends meetings of this body. In order to organise systematic work on attracting investments, the relevant decree of the leader of the country was adopted to implement the agreements reached at the last meeting of the Council. The document also implies ensuring the systematic implementation of initiatives and proposals put forward by the participants of the meeting, as well as measures to improve the activities of the Secretariat of the Council of Foreign Investors.
In parallel with the formation of an effective institutional environment, consistent work is being done to improve the legislative framework to ensure advanced industrial development, intensify investment processes and expand the export potential of industries and regions of the country. This process is under the close attention and direct involvement of Uzbek parliamentarians. As a result, in recent years more than 500 functions of the State in regulating business have been abolished, and about 70 functions have been transferred to public-private partnerships and outsourced to the private sector. Seventy-two types of licensed activities and 40 permits have been legally abolished to improve the business climate and simplify the business environment.
POSITIVE ASSESSMENT
These transformations are positively assessed by foreign rating agencies and organisations. Thus, according to the Index of Regulatory Restrictions on Foreign Direct Investment (Organisation for Economic Development and Cooperation), our country has the best rating among the Central Asian region. This year, the country's performance on the Heritage Foundation's Index of Economic Freedom, the indicators ‘Freedom of Trade’ and ‘Freedom of Investment’ has improved considerably.
Let us return to the assessment of the prospects of dynamics and effectiveness of reforms based on the results of the recent IMF consultations with Uzbekistan in accordance with Article IV of the IMF Agreement. According to the Fund's outcome document, the opportunities arising from accelerated structural reforms, increased income and capital inflows, and favourable commodity price dynamics are positive for Uzbekistan's sustainable development.
Analysis of industrialisation indicators, investment activity and expansion of export indicators testifies to the real effectiveness of the ‘Uzbekistan - 2030’ Strategy and a set of accompanying measures to strengthen the country's economic potential and international standing. This, in turn, becomes a demonstration of the irreversibility of reforms aimed at building an independent New Uzbekistan.
Deputy of the Legislative Chamber
of the Oliy Majlis of the Republic of Uzbekistan,
Doctor of Economic Sciences, Professor Durbek Akhmedov
The text of the article is in Uzbek!
The text of the article is in Uzbek language!
Today, Uzbekistan continues to steadily strengthen its cooperation with the international community in education, science, culture, and innovation. In this process, the country’s partnership with UNESCO holds a special place. Uzbekistan became a member of UNESCO in 1993 – a historic step that paved the way for integrating the national education system, scientific potential, and rich cultural heritage into the global intellectual space.
The opening of the UNESCO Office in Tashkent in 1996 marked a new milestone in bilateral relations. Moreover, the National Commission of the Republic of Uzbekistan for UNESCO was established to ensure sustainable cooperation, which has since become an active platform for dialogue and partnership.
Throughout this collaboration, Uzbekistan has consistently implemented international norms and principles in education, science, and sports. One of the important steps in this direction was the ratification, in 1997, of the 1960 Convention against Discrimination in Education, aimed at promoting equality and fairness in the education system. In the same year, Uzbekistan also acceded to the 1989 Convention on Technical and Vocational Education, which contributed to expanding opportunities for young people to acquire modern professions and practical skills, linking education closely with real life.
These measures have played a key role in strengthening Uzbekistan’s position in the global educational space and demonstrate the country’s firm commitment to promoting human capital development. By joining these conventions, Uzbekistan reaffirmed its dedication to equality and quality in education, youth health and well-being, and to aligning vocational education with international standards.
The Global Convention on the Recognition of Qualifications in Higher Education
At present, Uzbekistan is taking practical steps toward joining UNESCO’s Global Convention on the Recognition of Qualifications concerning Higher Education. This document aims to harmonize international education systems, ensure mutual recognition of diplomas and qualifications, and expand academic and scientific mobility. The initiative will help make Uzbekistan’s higher education system more open and competitive globally, enhance cooperation with foreign universities, and improve the international employability of Uzbek graduates.
On December 10, 2021, Tashkent hosted a High-Level Meeting of Experts on Strengthening Stakeholder Cooperation for the Adoption and Implementation of the Global Convention on the Recognition of Qualifications. National and international experts, government representatives, and higher education institutions discussed the significance of Uzbekistan’s accession to the convention as a key step in integrating the national higher education system into the global academic space.
UNESCO Chairs in Uzbekistan
One of the most effective areas of cooperation between Uzbekistan and UNESCO is the establishment and activity of UNESCO Chairs. Currently, there are nine UNESCO Chairs operating at higher education institutions across the country. Each of them contributes to strengthening international cooperation in education, science, culture, communication, and information, as well as to advancing research potential and promoting the principles of sustainable development.
UNESCO Chairs are established under the UNITWIN (University Twinning and Networking) Programme, launched in 1992 to encourage the exchange of experience and knowledge among universities and to expand global academic cooperation. Today, the network brings together over 700 chairs and research centers in 114 countries around the world.
In most cases, the activities of UNESCO Chairs are financed directly by the universities themselves — reflecting their aspiration to enhance academic prestige and to operate in close cooperation with the international scientific community.
A vivid example of such cooperation is the UNESCO Chair in Education for Sustainable Development at Urgench State University. The Chair has organized more than 20 events involving teachers, researchers, students, NGOs, and international experts. It has also held conferences, launched student exchange programmes, and published joint research papers. Such initiatives not only strengthen the capacity of the national education system but also promote Uzbekistan’s integration into the global scientific and intellectual community.
Rural Development and Human Potential: Supported by UNESCO and the European Union
Uzbekistan is steadily advancing international cooperation in promoting rural development, youth employment, and the enhancement of modern professional skills. A vivid example of this is the project “Development of Employment Skills in Rural Areas of Uzbekistan,” funded by the European Union and implemented by the UNESCO Office in Tashkent.
The six-year project (2020–2026), with a total budget of €9.6 million, is a clear reflection of the strong partnership between the European Union and UNESCO in supporting education reforms in Uzbekistan. The main goal of the initiative is to ensure sustainable economic growth by training specialists equipped with up-to-date knowledge and skills that meet the needs of the rural labor market.
Within the project, Uzbekistan’s agricultural education system is undergoing major modernization. Specialists are being trained in such forward-looking fields as intensive horticulture, greenhouse management, agricultural product processing and storage, water management and land reclamation, and the operation of water-saving irrigation systems — all oriented toward practical skills demanded by the modern labor market.
A significant component of the project is the development of a National Vocational Education Strategy, new occupational standards, and educational programmes in agriculture and water management. In addition, pilot educational institutions are being equipped with modern laboratories, learning facilities, and teaching technologies.
Four pilot colleges — in Qorovulbozor, Qo‘shko‘pir, G‘ijduvon, and Qizirik — have been selected to implement the project. They have received modern tractors, technical equipment, computers, and refrigeration units for agricultural product storage. Moreover, four Advanced Vocational Training Centers are being renovated and equipped with up-to-date facilities.
During implementation, the rural labor market was analyzed to assess demand for mid-level specialists. Based on the results, six pilot specializations — including Automated Water Management Systems Technician, Animal Husbandry, Greenhouse Management, Irrigated Land Reclamation, Crop Science, and Farm Management — were introduced, and student admissions began in the 2023/2024 academic year.
In May 2024, an international conference titled “National Frameworks for Quality Assurance” was held within the project, focusing on aligning Uzbekistan’s vocational education system with international quality standards and strengthening human capital.
Additionally, under UNESCO’s “Delta Framework” programme, national ICT competencies are being developed, and special training courses for teachers of pilot institutions are planned.
This initiative serves not only to modernize the vocational education system but also to foster sustainable rural development, enhance youth employability, and improve the quality of life in local communities.
Science and Innovation for a Peaceful and Sustainable Future
In recent years, Uzbekistan has witnessed growing enthusiasm for new scientific ideas, research, and innovation. A shining example of this is the “InnoWeek.Uz” International Week of Innovative Ideas, held annually since 2018. Each year, the event provides a unique platform for bridging science and practice, engaging young researchers in innovation, and expanding global scientific cooperation.
“InnoWeek.Uz” has become a true celebration of creativity, discovery, and technological advancement — a space where scientific potential, imagination, and passion for progress converge. Creating the future through research and innovation, and opening new paths to development through knowledge, lies at the heart of this initiative.
The “InnoWeek.Uz–2024” edition marked a new milestone, featuring the “Science & Innovation for a Peaceful and Sustainable Future” Forum organized under the auspices of UNESCO. The forum brought together young scientists, researchers, and experts from around the world to exchange views on the role of science and innovation in promoting peace and sustainable development. The participants shared their research achievements and discussed new opportunities for global collaboration in science and technology.
Through their work, young scientists inspired others by seeking solutions to modern challenges, developing technologies that serve human welfare, and advancing harmony between nature and society. Discussions at the forum highlighted the role of innovation in economic and social progress, the contribution of science to peacebuilding, and the prospects for future scientific cooperation.
All these initiatives implemented in cooperation with UNESCO deepen Uzbekistan’s ongoing reforms in education, science, and culture, while strengthening the country’s ties with the global community.
Today, knowledge and creativity, tradition and innovation, national values and modern approaches unite in Uzbekistan with one shared goal — progress and a sustainable future.
As UNESCO’s noble motto proclaims, “Building peace through education, science and culture” — this principle embodies both the moral and practical essence of Uzbekistan’s policy today. The nation continues to move forward with determination, fostering peace, development, and prosperity through enlightenment and science.
Kongratbay Sharipov,
Minister of higher education, science and innovationof the Republic of Uzbekistan
President Shavkat Mirziyoyev has been informed of the work being done in the spiritual and educational sphere.
The main priority of transformations in multi-ethnic Uzbekistan is the comprehensive protection of the rights and freedoms of all its citizens. And one of the inalienable rights is freedom of religion. Therefore, all conditions are being created in our country so that believers can perform rituals and observe religious traditions.
It is worth emphasizing that the policy of New Uzbekistan in this area is receiving great recognition not only among our people, but also among the international community.
Thus, if in the early years of Uzbekistan's independence the number of compatriots honored with the holy pilgrimage to Mecca and Medina could be counted on fingers, these days more than 15 thousand Uzbeks are performing the sacred rites.
President of Uzbekistan Shavkat Mirziyoyev's greeting to our people on the occasion of Kurban Hayit, his conversation with Chairman of the Muslim Mufti Sheikh Nuriddin Khaliknazar on the pilgrimage of our compatriots have become one of the brightest pages of this year's Hajj season.
In a short period of time, Uzbekistan has created a comprehensive system of training qualified personnel in the religious and educational sphere. In order to study and popularize the rich scientific heritage of our scholars, research centers have been launched. Examples of this are the International Islamic Academy of Uzbekistan, the Mir Arab Higher Madrasa, the School of Hadith Studies, and the international research centers of Imam Bukhari, Imam Termizi, and Imam Moturidi. Large-scale renovation and improvement of Imam Bukhari memorial complex is underway.
During today's meeting it was emphasized the necessity of wider study and propaganda of works of these great thinkers among the population, especially among the youth. Since it is in them that the true meaning of Islam, enlightening ideas of the Muslim religion are laid down. And it is especially actual now, in our troubled time, when all over the world various forces try to distort the essence of religion and to lead young people off the true path.
It was noted a great role in this work and those who now make pilgrimage in sacred Mecca. The pilgrims have recently made an appeal, where they expressed their readiness to contribute to the spiritual education of the younger generation in their districts, in their mahallas.
Also at the meeting, the head of state stressed that an important role in these processes should be played by the Center of Islamic Civilization, the activities of which will serve to widely acquaint our people and foreign guests with the invaluable heritage of ancestors, to promote the ideas of enlightened Islam. At present, scientists-historians and theologians are working on filling the activities of the center with new content.
Information about further plans of the center's activity was heard.
According to estimates by the Center for Economic Research and Reforms (CERR), there is potential to increase mutual trade between Uzbekistan and Tajikistan by 30–40%. Additional opportunities for expanding economic cooperation are primarily linked to the development of industrial cooperation between the two countries.
Economic cooperation between Uzbekistan and Tajikistan has demonstrated steady positive dynamics; however, the potential of bilateral relations remains only partially realized. This was stated today by Khurshed Asadov, Deputy Director of the Center for Economic Research and Reforms (CERR), during the international scientific and practical conference “Uzbekistan – Tajikistan: New Prospects for Alliance and Regional Cooperation”, held in Tashkent.
According to the expert, relations between the two countries have reached a qualitatively new level in recent years. Cooperation, reinforced by agreements on strategic partnership and allied relations, has created an institutional foundation for the active development of economic ties.
According to CERR estimates, mutual trade between Uzbekistan and Tajikistan increased 3.8 times during 2017–2025, rising from $238 mln to $912 mln. During the same period, Uzbekistan’s exports grew 3.7 times, while imports from Tajikistan increased more than fourfold.
Today, Tajikistan ranks among Uzbekistan’s key regional partners, occupying ninth place among the countries importing Uzbek products.
At the same time, current indicators reflect only part of the possible potential of economic interaction. According to CERR estimates, mutual trade could increase by an additional 30–40% solely through the substitution of Tajikistan’s imports from third countries with products manufactured by Uzbek producers.
The expert emphasized that geographical proximity, a shared border, and well-developed transport connections create favorable conditions for deepening trade relations. In particular, significant prospects remain for expanding Uzbekistan’s industrial exports, including automobiles, household appliances, textile products, and chemical goods.
At the same time, considerable potential also exists in the sphere of industrial cooperation. According to the expert, one of the most promising cooperation models could involve the establishment of joint processing facilities in border regions, particularly focused on the processing of agricultural raw materials and the development of agrologistics centers.
Asadov also noted that further development of transport infrastructure and the expansion of transit opportunities in Central Asia could serve as an additional driver of economic integration.
As emphasized by the Deputy Director of CERR, the current level of allied relations between Uzbekistan and Tajikistan creates the foundation for transitioning to a deeper model of economic cooperation, focused on joint investments, industrial cooperation, and the development of regional infrastructure, which could become an important factor in strengthening economic connectivity and promoting the development of Central Asia.
For reference: The international scientific and practical conference “Uzbekistan – Tajikistan: New Prospects for Alliance and Regional Cooperation” was organized by the International Institute for Central Asia (IICA). The event brought together representatives of government institutions, the diplomatic corps, and expert and academic communities from both countries. Participants discussed the current state and prospects for developing trade-economic, investment, and humanitarian cooperation between Uzbekistan and Tajikistan.
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