In January, growth in the business climate was mainly driven by an outpacing increase in the expectations component. The agricultural sector and services became the key drivers of business confidence.

The Center for Economic Research and Reforms (CERR) presented the results of its business climate analysis based on monthly surveys of entrepreneurs across the republic. Based on the collected data, a composite Business Climate Indicator was formed, reflecting both current assessments of business conditions and expectations for the next 3 months.

Dynamics of Uzbekistan’s Composite Business Climate

In January of the current year, Uzbekistan’s composite Business Climate Index stood at 64 points (on a scale from −100 to +100), which is 23% higher than the level of 2025.

The improvement in the business climate was primarily driven by stronger assessments of the current business situation, which increased by 28%.

An additional contribution came from improved optimism regarding short-term business prospects. In particular, business expectations rose by 20%.

According to the survey, 22% of enterprises increased their number of employees. At the same time, 71% of respondents expect demand for their products to grow over the next three months, compared to about 60% in the same period last year.

The share of enterprises forecasting an increase in employment in the coming quarter rose to 65%, up from 58% a year earlier.

Sectoral Dynamics of the Business Climate Index

In sectoral terms, an improvement in the business climate compared to last year was observed in construction, agriculture, and services.

In agriculture, the Business Climate Index increased by 62% year-on-year and reached 77 points, compared to 48 points in January 2025.

Growth was mainly supported by a significant improvement in assessments of current conditions and more favorable expectations. The current situation indicator in the sector increased 2.7 times from 27 to 72 points, while expectations grew by 17% to reach 82 points.

44% of entrepreneurs assessed the condition of their business in the sector as “good,” compared to 39% a year earlier. Growth in demand for products over the past three months was reported by 46% of enterprises versus 39% in January last year. Expectations for further demand growth in the near term remain high at 71%, compared to 68% a year earlier.

In the services sector, the business climate increased by 25% compared to January last year, reaching 65 points versus 52 points a year earlier.

Growth was driven by a gradual improvement in current business conditions. Current assessments in services rose by 18% to 52 points. At the same time, a more pronounced increase was observed in the expectations component, which grew by 32% to 79 points, indicating a substantial strengthening of companies’ confidence in short-term prospects.

70% of entrepreneurs expect demand for their services to grow over the next three months, compared to 58% in January 2025. The share of enterprises expecting to increase employment in the coming quarter amounted to 61%, up from 54% a year earlier.

In the construction sector, the business climate increased by 13% to 61 points, compared to 54 points a year earlier. The current situation indicator improved by 43% to 57 points. Expectations were formed at the level of 66 points, showing a decline of 4%.

38% of respondents reported that business conditions in construction had improved over the past three months, compared to 35% a year earlier. The share of enterprises reporting workforce growth rose to 38% from 22% a year earlier. Expectations of demand growth over the next three months were expressed by 77% of entrepreneurs, compared to 61% in January last year.

In industry, the business climate slightly declined by 5% compared to last year, while remaining at a sufficiently high level of 54 points.

At the same time, optimism among industrial enterprises remains steadily high. In January, expectations increased by 10%, reaching 78 points, indicating a continued positive outlook regarding development prospects.

According to the survey, the share of respondents reporting an improvement in business conditions over the past three months reached 32%, compared to 30% a year earlier. Demand growth over the same period was noted by 38% of industrial enterprises versus 36% in January last year. Meanwhile, employment expansion plans strengthened — 69% of entrepreneurs expect to increase their workforce in the next three months, compared to 62% a year earlier.

Barriers to Entrepreneurial Activity

According to the survey, more than half (57%) of entrepreneurs see no barriers in their activities. Among the problems cited, the most frequent are taxation (11%), utilities (9%), and access to credit (8%).

CERR Sector for the Study of Sectoral Competitiveness and Investment Activity

Tel: (78) 150 02 02 (441)

CERR Public Relations and Media Sector

Tel: (78) 150 02 02 (417)

A study conducted by the Center for Economic Research and Reforms has revealed a large-scale transition of Uzbekistani households to energy-saving technologies. The widespread adoption of energy-efficient solutions has enabled nearly 90% of households to implement at least one measure to reduce energy costs.

One of the key changes has been the widespread adoption of energy-efficient solutions at the household level.

The most common practice has been the installation of LED lighting. Overall, 87% of households have switched to LED lighting. In some regions, such as the Republic of Karakalpakstan and Khorezm, Navoi, and Tashkent regions, this figure exceeded 90%.

A total of 44% of households improved the thermal insulation of windows and doors through the installation of plastic structures, with particularly high activity in Kashkadarya (84%), Bukhara (69%), and Khorezm (54%) regions.

Additionally, 31% of households purchased energy-efficient household appliances, with the highest shares observed in Jizzakh (60%), Navoi (59%), and the Republic of Karakalpakstan (54%).

There is also growing interest in the use of renewable energy sources. More than half of owner households expressed satisfaction with the results and interest in expanding generation capacity.

The analysis indicates that potential demand for solar panels among the population amounts to approximately 1.9 million households, opening prospects for the formation of a domestic market valued at over $2.3 bn.

At the same time, a share of consumption through less efficient heating sources remains, including outdated gas boilers and solid-fuel stoves.

Potential for Improving Building Energy Efficiency

According to estimates, insulating the exterior walls of apartment buildings, modernizing heating systems, and replacing doors and windows could yield savings of more than $60 mln per year.

According to the World Bank, similar potential exists in social facilities, healthcare institutions, preschools, and public schools. Targeted investments to improve the energy efficiency of these facilities could reduce energy consumption by 20–50%, equivalent to a reduction of up to 7.1 bn kWh per year.

Thus, the measures being implemented in Uzbekistan to enhance energy efficiency serve as an important driver of economic growth.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Bismillahir Rahmanir Rahim!

Honorable chairman!

Distinguished heads of delegations!

I would like to extend my deep gratitude to the Custodian of the Two Holy Mosques, His Majesty the King of Saudi Arabia Salman bin Abdulaziz Al Saud, and His Highness the Crown Prince and Prime Minister Mohammed bin Salman Al Saud for hosting this important summit today on the most urgent and painful issue on the global political agenda - the problem of Palestine.

Regrettably, since the historic meeting in Riyadh in 2023, the scope of this unfair and violent war has further widened.

Despite the resolute efforts and urges of the international community, flagrant violation of international norms and resolutions continues to this day.

We are all dismayed by the fact that now the flames of war encompass Lebanon as well.

As my colleagues have noted in their statements, these devastating and horrific attacks, which have caused the deaths of thousands of innocent children, women and the elderly, are turning into the darkest page of the new history of humanity.

One cannot watch without broken heart how social infrastructure facilities, schools, hospitals, mosques and even entire cities are turning into ruins, leaving millions of civilians homeless and doomed to hunger and disease.

Worst of all, as we all can see, this tragedy on the international arena is being approached through double standards.

This dramatically increases the potential for spillover of the war and poses a serious threat to international security.

Dear participants of the summit!

Uzbekistan fully supports all practical initiatives aimed at addressing the Palestinian-Israeli problem through peace and diplomacy.

In this regard, we believe that today's Summit will demonstrate common political will and unity, develop effective global and regional mechanisms and specific solutions, and swiftly put them in practice.

In first place, here we are referring to the need to drastically increase the role and influence of the United Nations and the Security Council in addressing this long-standing conflict.

Immediate cessation of military action, provision of safe humanitarian corridors and, most importantly, the initiation of peace negotiations should be at constant focus of this universal international structure.

Second. On November 15, the long suffering Palestinian people will celebrate their National Day - the Declaration of State of Palestine.

I am confident that this nation with an ancient and rich history has every right to establish an independent and free state within the borders of 1967, with East Jerusalem as its capital.

In this regard, we fully support the activities of the Global Alliance for Implementation of the Two-State Solution, organized at the initiative of Saudi Arabia.

Third. In order to prevent an unprecedented humanitarian crisis in Palestine and Lebanon, we need to expand the scope of assistance from our countries and within the framework of leading international organizations.

We support increasing the necessary assistance to the activities of UNRWA and other United Nations institutions, which have great experience.

In this regard, we express our readiness to provide free medical care to war-affected Palestinian children and women in Uzbekistan's hospitals.

We also intend to discuss the issue of extending practical assistance to the Palestinian people at the forthcoming GCC-Central Asia Summit in Samarkand next year.

Fourth. As part of the Organization of Islamic Cooperation, we should attach greater attention to ensuring the sanctity and preservation of the Holy Al-Aqsa Mosque and other unique historical and cultural sites in Jerusalem.

Dear heads of delegations!

I hope that our extraordinary meeting today will be a big step towards addressing the Middle East problem.

I pray to Allah Almighty to bestow peace and tranquility upon the world and further strengthen the unity of our Ummah.

Thank you for your kind attention.

At present, Uzbekistan is entering an entirely new stage of development, which is vividly demonstrated by the comprehensive reforms being carried out in all spheres. Profound transformations in domestic and foreign policy, socio-economic life, cultural and spiritual-educational fields are reflected in the lifestyle of our people.

At the initiative of the President of the Republic of Uzbekistan Shavkat Mirziyoyev, and based on the unity of the people, the “Uzbekistan – 2030” Strategy was adopted, serving as a solid legal and practical foundation for national renewal. The reforms implemented under this program create conditions for improving the well-being of citizens and ensuring the sustainable development of the state and society.

In recent years, special attention has been paid in our country to strengthening the atmosphere of mutual respect, solidarity and cooperation among various religious confessions, supporting intercultural dialogue, and ensuring peace and harmony, which has been widely recognized by the international community.

It is noteworthy that on 19 September 2017, at the 72nd session of the UN General Assembly in New York, the President of Uzbekistan Shavkat Mirziyoyev put forward an initiative which found its practical embodiment in the adoption, at the following session of the UN General Assembly in 2018, of a special resolution entitled “Enlightenment and Religious Tolerance”. The draft prepared by Uzbekistan was unanimously approved by all UN member states.

This resolution gained particular significance as it placed education and enlightenment at the forefront as an effective means of countering global threats – extremism and terrorism – especially at a time of growing intolerance and uncompromising attitudes towards representatives of different religions and beliefs.

As a logical continuation of this work, in 2022 the international forum “Dialogue of Declarations” was held with the aim of implementing the principles and provisions of the resolution “Enlightenment and Religious Tolerance”, as well as achieving the goals of the National Human Rights Strategy of the Republic of Uzbekistan, approved in 2020.

The main outcome of this meeting was the adoption of the “Bukhara Declaration,” which supplemented earlier declarations adopted in Marrakesh, Mecca, Jakarta, Potomac and Punta del Este. This document became an important contribution of Uzbekistan to strengthening the ideas of religious tolerance and interethnic harmony at the international level.

It is important that this dialogue has become a regular tradition: on 10–13 September of this year, the second international forum “Dialogue of Declarations” is scheduled to take place in Tashkent and Samarkand.

This forum represents an integral part of the international community’s efforts to ensure freedom of religion and to strengthen interfaith dialogue, as well as a demonstration of Uzbekistan’s readiness to actively promote at the global level its firm adherence to international obligations in the field of human rights and freedoms.

It should be emphasized that while in many parts of the world fundamental rights – to life, education, work, self-realization, and freedom of religion – are being violated, in Uzbekistan representatives of more than 130 nationalities and 16 confessions live peacefully on the basis of tolerance. The ability of people of different faiths to freely and safely perform their religious rites is a key factor of social stability.

Currently, there are 2,373 registered religious organizations in Uzbekistan, of which 2,174 are Islamic and 199 are non-Islamic. Over the past eight years, 130 religious organizations have been registered, including 3 higher and 1 secondary special Islamic educational institutions, 105 mosques and 25 non-Islamic organizations of various confessions.

The legal foundation for these transformations is the Concept of State Policy on Ensuring Freedom of Conscience of Citizens and in the Religious Sphere, adopted by the Law of the Republic of Uzbekistan No. 1037 of 25 February 2025.

The Concept affirms the right to freedom of conscience and the constitutional principle of the secular nature of the state, and defines the goals, objectives, principles and priority directions of state policy in the religious sphere. It was developed on the basis of the rich national-historical experience of statehood and universal values, and is aimed at ensuring a stable environment for the progressive development of Uzbekistan’s multiethnic and multi-confessional society on the basis of democracy, secularism, freedom, equality, social justice and solidarity.

Within a short period, major scientific and educational institutions were established, such as the Center of Islamic Civilization in Uzbekistan, international research centers named after Imam Bukhari, Imam Maturidi, Imam Termizi, Bahauddin Naqshband, the International Islamic Academy of Uzbekistan, the School of Hadith Studies in Samarkand, and the Mir Arab Higher Madrasa in Bukhara.

These institutions contribute significantly to ensuring a healthy spiritual environment in society, educating the younger generation as modern-minded individuals worthy of their great ancestors, in line with the noble universal idea “Enlightenment against Ignorance”.

If in 2017 the country had only 3 higher (1 Islamic and 2 non-Islamic) and 9 secondary special religious educational institutions, today their number has reached 16, of which 6 are higher institutions.

To further develop this sphere and elevate it to a new stage, a Presidential Decree “On measures to further strengthen guarantees of the right of citizens to freedom of conscience and to bring reforms in the spiritual-educational sphere to a new level” was signed. This document was positively received not only by representatives of the religious-educational sphere, but also by the wider public.

It is also worth noting that in recent years anniversaries and events of non-Islamic confessions have been held at a high level, alongside Islamic ones. These include the 145th (2017) and 150th (2021) anniversaries of the Russian Orthodox Church Diocese of Tashkent and Uzbekistan, the 120th anniversary of the Armenian Apostolic Church (2023), the 25th (2018) and 30th (2023) anniversaries of the Bible Society of Uzbekistan, the 200th anniversary of the birth of Baha’u’llah (2017), the 200th anniversary of the birth of the Bab (2019), and the 100th anniversary of the passing of ‘Abdu’l-Baha (2022). These events are vivid examples of peace and tolerance in our country.

At the same time, special attention has been paid to enabling believers of various religions to make pilgrimages abroad. In particular, nearly 500,000 citizens have performed Hajj and Umrah, and more than 10,000 people have visited holy sites in Israel, Russia, Georgia, Turkey and other countries.

In conclusion, it should be noted that for thousands of years Uzbekistan has been an integral part of the Great Silk Road, making a worthy contribution to the development of world civilization. Trade, science and cultural centers here have always flourished, while tolerance, hospitality and respect for representatives of different cultures have been key factors of progress.

Today, the traditions and customs of different peoples in Uzbekistan continue to develop in harmony. The consistent policy in the spiritual-educational sphere pursued under the leadership of the President of the Republic of Uzbekistan Shavkat Mirziyoyev serves as an important foundation not only for ensuring peace, stability and harmony in our country, but also for their promotion globally.

The broad participation of representatives from different countries in the upcoming second international forum “Dialogue of Declarations” is clear evidence of the high international recognition of Uzbekistan’s state policy in ensuring freedom of religion and interfaith harmony.

Davronbek Maksudov,

First Deputy Chairman

of the Committee on Religious Affairs

A presentation of the literary and publicistic collection “Uzbekistan: Third Renaissance – Concept of the Future” was held in Islamabad, written in Urdu by renowned Pakistani journalist and author Muhammad Abbas Khan, explores Uzbekistan’s modern development vision and reform agendat.

The collection offers a comprehensive analysis of the essence, spiritual foundations, and global significance of Uzbekistan’s vision for a New Renaissance — the foundation of the country’s Third Renaissance — under the leadership of President Shavkat Mirziyoyev. The book elaborates on the concept advanced by the Head of State, tracing its historical roots and outlining its relevance for the future of human civilization. The author emphasizes that this vision draws inspiration from the legacy of Uzbekistan’s great ancestors and seeks to unite the principles of modern development, enlightenment, and humanism, serving as a bridge between the nation’s rich intellectual past and its forward-looking aspirations.

The collection also highlights the shared initiatives and common aspirations of the leaders of Uzbekistan and Pakistan to advance major transport and communication projects linking Central and South Asia. According to the author, these efforts represent the revival of the legendary Silk Road. The book not only describes the sweeping reforms and modernization taking place in Uzbekistan, but also emphasizes that the development path of the “New Uzbekistan” may serve as an inspiring model for Pakistan and the wider Eastern world.

The presentation ceremony brought together members of Pakistan’s government and parliament, representatives of the diplomatic corps accredited in Islamabad, prominent scholars, analysts, public figures, and media representatives. Attaullah Tarar, Federal Minister for Information & Broadcasting of Pakistan, attended the event as the guest of honour.

The presentation opened with the national anthems of Uzbekistan and Pakistan, followed by a video highlighting the nine years of Shavkat Mirziyoyev’s leadership as a President of Uzbekistan.

The event commenced with welcoming remarks by Alisher Tukh­taev, Ambassador of Uzbekistan to Pakistan. In his address, the Ambassador emphasized that, under the leadership of President Shavkat Mirziyoyev, Uzbekistan has entered an era of openness and creative transformation.

He noted that over the past nine years, the country has implemented comprehensive reforms across the socio-economic, political, educational, and cultural spheres. As a result, Uzbekistan’s Gross Domestic Product has doubled, reaching 115 billion US dollars; exports have risen to 26 billion dollars; and foreign investments have exceeded 130 billion dollars. Thousands of new enterprises have been established, reflecting the dynamic pace of development and modernization.

It was noted that relations between Uzbekistan and Pakistan have been elevated to the level of a strategic partnership, with the establishment of the High-Level Strategic Cooperation Council. Direct air connections now link Tashkent with Islamabad and Lahore, while collaboration in the fields of education and culture continues to expand rapidly.

Particular attention was given to the Trans-Afghan Railway Project — recognized as a strategic initiative aimed at strengthening peace, mutual trust, and economic connectivity across the region, effectively reconnecting Central and South Asia.

Ambassador Alisher Tukh­taev expressed his sincere gratitude to the author of the featured work, Muhammad Abbas Khan, and to the management of “Daily Ittehad” publishing house for their contribution to the creation and publication of the book. He emphasized that this work will make a valuable contribution to fostering friendship and solidarity between the peoples of Uzbekistan and Pakistan.

In turn, Tahir Farooq, head of “Daily Ittehad” publishing house, expressed his satisfaction with the publication of the book “Uzbekistan: Third Renaissance – Concept of the Future”.

“This book is not merely a compilation of facts about Uzbekistan”, - he noted, - but an important work that vividly reflects the ongoing processes of reform and renewal in the country. It is not a collection of speeches or a translation of another author’s work, but the result of five years of observation and analysis by Muhammad Abbas Khan. His insights carry great significance for understanding Uzbekistan’s contemporary path of development. The book also serves as an important historical document of the new era unfolding in Uzbekistan”.

In his address, Attaullah Tarar, Minister for Information and Broadcasting of Pakistan, highlighted the deep historical ties between the peoples of Uzbekistan and Pakistan, noting that the land of Uzbekistan has produced eminent figures of the Timurid dynasty, including the distinguished scholar and statesman Zahiriddin Muhammad Babur. The Minister emphasized that the region connecting Central and South Asia has always been a vital part of the Great Silk Road, and that Uzbekistan’s contemporary policy under the leadership of President Shavkat Mirziyoyev is focused on revitalizing this historic corridor of cooperation.

Concluding his speech, Minister Attaullah Tarar reaffirmed the readiness of Pakistan’s Ministry of Information and Broadcasting to extend full support in promoting the book and the “Third Renaissance” initiatives advanced by President Shavkat Mirziyoyev to the Pakistani public.

In his address, author Muhammad Abbas Khan discussed the process of writing the book, the ideas it conveys, and its principal objectives. According to the author, the work is based on his research, observations, and personal impressions, providing an objective account of Uzbekistan’s ongoing processes of renewal and development.

“I have had the opportunity to directly observe the profound transformations taking place in Uzbekistan, the reforms being implemented under the leadership of President Shavkat Mirziyoyev, and the policies aimed at fostering an open society, enhancing human dignity, and advancing education and enlightenment, along with their tangible results. Today, Uzbekistan is experiencing a period of awakening. The concept of the Third Renaissance, being realized in Uzbekistan, serves as an example of a universal experience grounded in confidence in the future, scientific and spiritual renewal, and policies for the development of human potential”, - said Muhammad Abbas Khan.

The book “Uzbekistan: Third Renaissance – Concept of the Future” is expected to serve as a unique resource for familiarizing the Pakistani public with Uzbekistan’s new historical path of development, while further strengthening the cultural and spiritual bonds between the two nations.

Distinguished heads of delegations!

I am sincerely glad to greet you all. I would like to echo the words of gratitude to the President of the Republic of Kazakhstan, H.E. Kassym-Jomart Tokayev, for the warm welcome and excellent organization of our meeting.

I am grateful to the distinguished Federal Chancellor of Germany, H.E. Mr. Olaf Scholz, for his commitment to expanding the multifaceted partnership with the countries of our region.

Our first meeting in Berlin and today's summit reaffirm shared intention to continue an open and constructive dialogue and our focus on achieving concrete practical results.

We are interested in holding regular meetings in this format, with setting up the mechanisms for expert review and implementation of the initiatives put forward.

Distinguished Federal Chancellor!

We highly value Germany's firm and unwavering support for the ongoing democratic transformations and socio-economic reforms in our countries, partnership and integration in Central Asia.

I would like to highlight that our multifaceted relationship has deep historical roots.

In the 18th century, the great composer of the Age of Enlightenment Handel created one of his greatest works – the opera "Tamerlane" – in just 20 days.

The great poet and philosopher Goethe dedicated a number of his famous works to our ancient cities - the centers of civilization.

I would like to mention another historical fact.

At the beginning of the 20th century, a group of talented, progressive young people from Central Asia studied at the leading German universities and subsequently made a great contribution to the promotion of the enlightenment ideas and socio-economic development of our region.

I would like to emphasize that today we see Germany as one of our important partners in achieving national goals of sustainable development.

Let me briefly highlight the profound and fundamental changes that have taken place in Central Asia in recent years.

We have established an open and productive dialogue and are independently addressing many issues related to borders, water, energy, trade and transit.

Recently, the Sixth Meeting of the Heads of State of the region was held here in Astana.

The international stance of the region is strengthening, cooperation with the leading countries via "Central Asia Plus" format is expanding.

The volumes of trade turnover, investment, freight transport and tourist travel by our citizens have increased many-fold.

We are discussing major regional projects in green energy and the development of transport communications.

We are exchanging experience and technologies, creating modern industrial and agricultural enterprises, and introducing financial instruments to stimulate cooperation projects.

Most importantly, we clearly understand that the future of our region, its security and sustainable development depends solely on our political will and efforts.

We sincerely welcome the interest of our European partners, first of all Germany, as the main initiator and driving force behind the promotion of EU strategies and multilateral cooperation programmes with our countries.

We are preparing to hold another summit in Uzbekistan in the format of "Central Asia - European Union" next year, having defined the investment in the future of the region as the main topic of the agenda of the meeting.

Dear colleagues!

Conflicts and wars, the overall global instability and unpredictability, sanctions policy, increased protectionism and many other factors are causing extremely negative impact on our countries and are becoming a serious test to the implementation of national programs and reforms.

Earlier, during our talks in Samarkand, I shared with Chancellor Scholz my high expectations from today’s meeting.

In this regard, I would like to outline our vision of the main directions for developing cooperation with Germany in Central Asia.

First. We highly value the establishment of a strategic regional partnership between Central Asia and Germany, which meets the common interests of maintaining stability, ensuring sustainability and prosperity of the region.

We consider it appropriate to adopt a long-term Concept for the development of our partnership with program activities in priority areas.

In order to develop this document, we propose to consider the possibility of establishing the “Central Asia – Germany” Forum of Analytical Centers. We are ready to hold its first meeting next year in Khiva - one of the region’s historic cities where a large community of German Mennonites used to live.

We also assign an important role to the annual meetings of the heads of the foreign ministries of our countries in preparing the agenda of our summits.

Second. Investment and technological partnership with the leading German companies.

I would like to note that the portfolio of ongoing and promising projects in Uzbekistan with the participation of German companies exceeds 20 billion Euros.

This includes energy, chemical and extractive industries, machine building, textile and food industry, agriculture, transport and logistics, production of construction materials.

The leading German companies, such as Siemens, Linde, BASF, MAN, Claas, Henkel, Knauf and many others are among our partners, which have invested about 6 billion euros into Uzbekistan’s economy in recent years.

Today we will have the opportunity to discuss long-term plans with the representatives of the German business.

In this regard, I have a number of specific proposals:

– developing a "road map" for expanding investment and technological cooperation between the Central Asian countries and Germany;

– participation of the leading German companies and banks in the implementation of joint projects in the special economic and industrial zones being created in the border areas, as well as large infrastructure projects of regional significance;

– launching of a permanent business dialogue platform – “Central Asia-Germany” Council of Investors and Entrepreneurs. We are ready to hold its first meeting next year in Uzbekistan within the Tashkent Investment Forum;

– study of the possibility of adopting a multilateral intergovernmental agreement on promotion and protection of investments.

Third. Partnership in critical raw materials based on the introduction of advanced German knowledge and technologies.

As it was mentioned our region is abundant in mineral resources.

The German Mineral Resources Agency and German companies could become our key partners in this area.

Here, we are referring to the geological survey projects, intensive exploration, processing and production of products with high added value, as well as arrangement of shipments to Germany and other EU countries.

Uzbekistan is ready to take part in the joint implementation of such projects in neighboring countries.

The technical assistance from Germany and European institutions in implementing the Digital Mapping Program of Critical Minerals and Rare Earth Metals in our region holds promising opportunities.

We also believe it is important to establish a reliable legal framework for such cooperation.

Fourth. “Green” energy. In recent years, all our countries have been actively developing solar, wind and hydropower, modernizing thermal power plants and networks, and promoting green hydrogen projects.

We propose to consider launching an Energy Dialogue between Central Asian countries and Germany, involving energy ministries, companies, operators, scientific organizations, design institutes and industry experts.

We are interested in preparing a Comprehensive Capacity Building Program for specialists in the low-carbon economy with the German technical assistance.

Fifth. Joint response to climate change.

Experts predict that the Central Asian region will remain most vulnerable to the effects of global warming. The rise in average temperatures will be twice as high as the world average.

We are grateful to the German side for launching the second phase of the “Green Central Asia” program, assistance provided for the implementation of environmental projects.

We are also interested in the following:

- implementation of joint educational programs and scientific exchanges at the Central Asian University of Environmental and Climate Change Studies;

- adoption of cooperation programs for the introduction of German water management technologies, modernization of irrigation systems, conservation of biodiversity and training of environmental specialists.

We support and are ready to take an active part in the practical implementation of the initiative of the German Chancellor to create a Central Asian Nature Partnership.

Sixth. The biggest barrier to deepening our partnership is the lack of transport connectivity, including land and air.

We count on Germany’s support in engaging European institutions in the development of alternative transportation corridors connecting Central Asia with Europe.

We propose to hold a joint Ministerial Conference next year on improving the transit capacity of such routes.

Dear heads of delegations!

The exhibition of cultural and historical heritage of our region last year at the Neues Museum in Berlin once again demonstrated the need for regular organization of such events.

Over several months, more than half a million of residents and guests of the German capital city enjoyed the exhibition.

We propose to adopt a Joint Plan for Cultural Activities in our countries, consider the possibility of holding Central Asian Art and Film Days in major cities of Germany, and establish cooperation between museums.

In the field of scientific and educational exchange, it is important to launch a platform for partnership among leading universities,
to develop programs aimed at expanding cooperation in the field of dual education, to train German language teachers with the involvement of the Goethe Institute and other German organizations.

The high interest of our youth in learning German is evidenced by the victory of an Uzbek schoolgirl at the World Olympiad held this summer in Göttingen.

Dear colleagues!

We believe it is important to continue close cooperation with Germany in the fields of combating terrorism, extremism and cybercrime, preventing radicalization of youth.

The security situation in Central Asia is inextricably linked with the processes taking place in Afghanistan.

We believe it is important to prevent the aggravation of the humanitarian crisis in this country, which is left alone with its own challenges.

In this regard, we are ready to cooperate with Germany and other European partners in the implementation of joint projects aimed at involving this country into regional economic cooperation and training personnel, including girls and women, in skills that are on-demand for the peaceful life in Afghanistan, at the Educational Center located in the border town of Termez.

In conclusion, I would like to emphasize that Uzbekistan is interested in untapping the potential of Germany’s multifaceted cooperation with the Central Asian region.

I am confident that today’s meeting will serve to further bringing our countries and peoples closer and fill our strategic partnership with concrete projects and programs.

Thank you!

Uzbekistan and Serbia are exploring new avenues for cooperation in environmental protection, sustainable natural resource management, biodiversity conservation and environmental education.

As an important step in advancing environmental dialogue, the participation of a delegation from the Republic of Serbia, led by Minister of Environmental Protection Sara Pavkov, in the 8th Assembly of the Global Environment Facility, held in Samarkand from May 30 to June 5, 2026, as well as in the international exhibition “Eco Expo Central Asia 2026,” held on June 2–4, can be highlighted. In particular, the Serbian side participated in the high-level plenary session on “Green Investments and Innovations” held as part of the exhibition.

One promising area of cooperation is the exchange of experience in forestry and sustainable forest management. Serbia has considerable practical expertise in managing forest resources and developing public–private partnerships. Between 2008 and 2023, the share of forested land in the country increased from 25% to 37%. Of Serbia’s forests, 53% are state-owned, while the remaining 47% are privately owned.

Cooperation in biodiversity conservation and the protection of natural ecosystems is another area of particular importance. Serbia has granted protected status to 460 natural sites, including five national parks, 17 nature parks, 20 protected landscapes, 68 nature reserves, 309 natural monuments and three protected habitats. Studying this experience is of practical interest for the further development and improvement of approaches to the conservation of natural areas and biodiversity in Uzbekistan.

Environmental education and scientific and academic cooperation represent another promising avenue for partnership. In particular, there is potential to expand cooperation between Serbia’s leading universities and the Central Asian University of Environmental and Climate Change Studies, Green University. Such initiatives could include joint academic programmes, scientific research, student and faculty exchanges, as well as the implementation of collaborative projects in the fields of climate change, biodiversity and sustainable development.

Serbian universities, including the University of Belgrade and the University of Novi Sad, have significant capacity in environmental sciences and are recognised among the world’s leading universities in relevant fields. This creates favourable opportunities for strengthening academic and research partnerships.

Eco Expo Central Asia 2027 could also serve as an important platform for further strengthening the environmental dialogue. The exhibition is scheduled to take place in June 2027 in Tashkent, alongside the Tashkent International Investment Forum, which will focus on “Sustainable Development and Green Investment”.

The Serbian side is invited to take an active part in the exhibition, which has already established itself as one of Central Asia’s leading environmental platforms. The successful organisation of Eco Expo Central Asia in Tashkent in 2025 and in Samarkand in 2026 demonstrated the strong interest of the international community in the region’s environmental initiatives.

The development of cooperation between Uzbekistan and Serbia in these areas will help expand the exchange of advanced practices, promote joint environmental and investment projects, strengthen scientific and educational ties and create new opportunities for advancing the principles of sustainable development and “green” economy.

Mahmud Khaydarov,

Chief Specialist of the Department of International Cooperation, Grants and Rankings of the National Committee on Ecology and Climate Change

President of Uzbekistan Shavkat Mirziyoyev will participate in the upcoming 13^th Summit of the Organization of Turkic States (OTS), which will be held in Ankara, Türkiye.

Ahead of the 13th Summit of the Organization of Turkic States, scheduled to be held in Ankara, economic cooperation within the OTS is acquiring new substance. Alongside trade and investment, industrial cooperation, transport corridors, digital infrastructure, artificial intelligence and co-financing mechanisms are emerging as practical areas of engagement. The preparation of the OTS Strategy for 2027–2031 further increases the economic significance of the Ankara meeting.

Today, the Organization of Turkic States covers a significant economic space connecting Central Asia, the South Caucasus and Türkiye with European markets. By the end of 2025, the combined nominal GDP of the OTS countries amounted to approximately $2.3 trillion, while their GDP at purchasing power parity exceeded $6.2 trillion. Their aggregate foreign trade turnover surpassed $1.2 trillion.

These figures indicate the presence of a large market for expanding economic cooperation. At the same time, the volume of mutual trade among the OTS countries remains limited relative to their overall economic potential. The next stage of cooperation is therefore increasingly focused on moving beyond the simple expansion of trade toward deeper industrial cooperation, lower transport costs and the financing of joint investment projects.

Differences in the economic structures of the OTS countries provide a foundation for such cooperation. Türkiye has a substantial manufacturing base in machinery, automotive production, electrical engineering, textiles and chemicals. Kazakhstan and Azerbaijan, in addition to their energy resources, hold significant positions in metallurgy and petrochemicals. Uzbekistan is developing its textile and garment industry, electrical engineering, automotive, chemical and food industries, as well as non-ferrous metallurgy. Kyrgyzstan’s capabilities in light industry and agriculture also provide an additional basis for expanding shared production chains.

In this context, the economic outcome of integration within the OTS will increasingly be determined not merely by the volume of mutual trade, but also by the extent to which enterprises in member countries become integrated into one another’s production chains.

Uzbekistan’s Trade with OTS Countries

For Uzbekistan, economic relations with the Turkic states have become an important component of foreign trade diversification.

In 2025, Uzbekistan’s total foreign trade turnover reached $81.2 billion, including $33.8 billion in exports and $47.4 billion in imports. Among the country’s major trading partners, turnover with Kazakhstan amounted to $5 billion, while trade with Türkiye reached $3 billion.

Kazakhstan and Türkiye alone account for roughly one-tenth of Uzbekistan’s total foreign trade. When economic relations with Kyrgyzstan, Turkmenistan, Azerbaijan and Hungary are also taken into account, the OTS space represents a distinct and sizeable regional market for Uzbekistan.

Exports have played an important role in recent trade growth. In 2025, Uzbekistan exported $1.5 billion worth of goods and services to Kazakhstan, $1.1 billion to Türkiye and $771.1 million to Kyrgyzstan.

The composition of trade also points to qualitative changes in economic relations. In 2025, industrial goods accounted for 28.2% of Uzbekistan’s exports to OTS countries, machinery and transport equipment for 19%, food products for 11.1%, chemical products for 10%, and services for 12.7%. On the import side, food products represented 22.8%, mineral fuels 20.3%, industrial goods 18.1%, and machinery and transport equipment 12.9%.

This structure highlights two important features. First, Uzbekistan’s exports to the OTS market are not limited to raw materials, with industrial goods, machinery and equipment accounting for a substantial share. Second, the presence of energy resources, industrial goods and equipment in imports indicates that mutual trade with OTS countries is also closely linked to domestic production processes.

For this reason, alongside trade turnover, the depth of industrial cooperation is becoming an increasingly important indicator of future economic relations.

Untapped Export Potential

Despite significant growth in trade, the available opportunities have yet to be fully utilized.

According to estimates by the Center for Economic Research and Reforms, Uzbekistan has the potential to increase exports to OTS countries by an additional $2.7 billion. The largest reserve is associated with the Turkish market, at $1.8 billion. Additional export potential is estimated at $500 million for Kazakhstan, $200 million for Hungary and $100 million for Kyrgyzstan.

Market size alone, however, is insufficient to ensure export growth. Product quality, mutual recognition of standards, certification procedures, transport costs, delivery times and access to trade finance all directly affect exporters’ competitiveness.

Opportunities are particularly substantial in agriculture and food products. The combined agricultural market of the OTS countries is estimated at around $72 billion. For Uzbekistan, promising export categories include fruit and vegetables, processed food products, textiles, electrical equipment, construction materials, mineral fertilizers, copper products and polymers.

The concentration of a large share of the export reserve in Türkiye and Kazakhstan is also economically significant. Türkiye offers both a sizeable domestic consumer market and access to European and Mediterranean markets. Kazakhstan, due to its geographical proximity, shared transport networks and production linkages within Central Asia, remains a natural partner for cooperation with Uzbek enterprises.

In this sense, realizing the $2.7 billion export reserve requires a coordinated approach across industrial, logistics and trade policies.

Investment Relations Are Becoming More Institutionalized

Alongside trade, investment flows from OTS countries into Uzbekistan have also increased substantially.

Between 2017 and 2025, investment attracted from OTS countries into Uzbekistan exceeded $11.5 billion. In 2025 alone, investment amounted to $3.8 billion. Türkiye was Uzbekistan’s largest investor among OTS countries, with $2.4 billion. Investment was concentrated primarily in manufacturing, energy, agriculture, construction and logistics.

As of April 2026, Uzbekistan was home to more than 4,500 enterprises with capital participation from OTS countries.

The growing number of such enterprises points to a qualitative shift in economic relations. A trade transaction ends once a product crosses the border, whereas direct investment creates longer-term links between economies through capital, technology, employment, local suppliers and export channels.

The expansion of joint industrial projects within the OTS can therefore provide an additional foundation for further growth in mutual trade.

For example, components produced in one country may be used to manufacture finished goods in another and subsequently exported to a third market. In such a case, trade statistics reflect an underlying integrated production chain. Differences in the specialization of the Turkic economies create opportunities for precisely this type of cooperation.

The Turkic Investment Fund as a New Financial Mechanism

One of the most significant institutional developments in the OTS economic architecture has been the transition of the Turkic Investment Fund to practical operations.

In 2025, its authorized capital was increased from $500 million to $600 million. Uzbekistan’s share amounts to $100 million.

The Fund’s economic significance is not limited to the size of its own capital. Its broader potential lies in using these resources to mobilize financing from other international financial institutions.

On 17 June 2026, the Turkic Investment Fund and the Islamic Corporation for the Development of the Private Sector, part of the Islamic Development Bank Group, signed an agreement on an Islamic co-financing program of up to $50 million. The program is intended to finance small and medium-sized enterprises through local financial institutions in Azerbaijan, Kazakhstan, Kyrgyzstan, Türkiye and Uzbekistan.

Another practical model emerged on 1 July. The Turkic Investment Fund signed an agreement to provide up to $10 million in financing to KMF Bank in Kazakhstan, while the European Bank for Reconstruction and Development committed up to $50 million. The combined resources are intended to expand lending to micro, small and medium-sized enterprises.

These two examples point to an emerging trend. Rather than functioning solely as an institution that directly allocates its own resources, the Fund could develop into a platform for mobilizing international financial resources for projects across the OTS region.

Such an approach could help mobilize investment substantially exceeding the Fund’s own $600 million capital base. This mechanism is particularly relevant for industrial cooperation, transport, energy, digital infrastructure and small business projects.

From a Transport Corridor to an Integrated Logistics System

Transport costs and delivery times remain another major factor affecting trade within the OTS region.

Because Central Asian countries lack direct access to seaports, logistics costs have a significant impact on export competitiveness. In this context, the Trans-Caspian International Transport Route — the Middle Corridor, which runs across the Caspian Sea through Azerbaijan, Georgia and Türkiye toward European markets — is becoming an important infrastructure component of economic cooperation within the OTS.

For Uzbekistan, the importance of this route is increasing with the construction of the China–Kyrgyzstan–Uzbekistan railway. Connecting the new railway with the Caspian route could expand Uzbekistan’s participation in the East–West logistics chain linking China, Central Asia, the Caucasus and Europe.

A modern transport corridor, however, consists of more than roads and railways. Border procedures, permits, customs declarations, consignment notes and cargo tracking systems also affect the time and cost of transportation.

Digitalization has therefore become an important component of OTS transport policy.

The e-Permit electronic permit system is being implemented among the organization’s member states. At the 9th Meeting of OTS Ministers of Transport, held in Bishkek on 23 April 2026, a memorandum was also signed on introducing the e-CMR electronic international consignment note.

At the May summit in Turkistan, the President of Uzbekistan noted that the E-Permit system had been fully launched with OTS member states and proposed linking the Middle Corridor with the China–Kyrgyzstan–Uzbekistan railway, developing a simplified customs corridor, and digitalizing data exchange and cargo tracking processes.

If these mechanisms are integrated into a single system, the OTS region could develop a logistics environment that facilitates both the physical movement of goods and the digital flow of accompanying documents and data.

The economic effects can be measured in concrete terms — shorter border crossing times, lower administrative costs and greater predictability of delivery schedules for exporters.

From Trade to Technological Connectivity

In 2026, another new dimension of OTS economic cooperation became increasingly visible.

On 15 May, the informal summit in Turkistan on “Artificial Intelligence and Digital Development” placed particular emphasis on digital infrastructure, innovative technologies and the practical application of artificial intelligence.

Uzbekistan proposed developing the concept of a “Digital Turkic Corridor”, aimed at connecting data centers across the region through high-speed communication channels.

Additional initiatives included the establishment of a strategic cooperation network in artificial intelligence, the organization of a Technology Forum in Tashkent and broader technological cooperation among participating countries.

There is a clear connection between transport and digital integration. While the Middle Corridor facilitates the movement of goods, the Digital Turkic Corridor could accelerate the movement of data.

As a result, two parallel types of infrastructure may develop across the OTS region — physical and digital.

The first encompasses roads and railways, ports, logistics centers and customs infrastructure. The second includes data centers, telecommunications networks, cloud computing, artificial intelligence infrastructure and digital services.

Their integration could support the expansion of e-commerce, digital logistics, fintech, cross-border services and digital production management.

The Institutional Framework for Economic Integration Is Expanding

Another feature of the changes taking place within the OTS is the emergence of permanent mechanisms for economic cooperation.

While cooperation previously relied largely on summits of heads of state, intergovernmental meetings and bilateral agreements, dedicated mechanisms are now taking shape in finance, transport and the digital economy.

The Turkic Investment Fund is establishing a mechanism for financing investment projects. E-Permit and e-CMR are digitalizing transport documentation. The Digital Turkic Corridor initiative is intended to connect information infrastructure across participating countries.

The economic value of these institutions lies primarily in their ability to complement one another.

The effectiveness of integration will therefore depend not only on reducing trade barriers, but also on developing the broader infrastructure that supports trade.

New Economic Opportunities for Uzbekistan

Developments within the OTS open several avenues for expanding Uzbekistan’s economic cooperation.

The first is access to larger export markets. The estimated $2.7 billion in additional export potential represents a significant reserve relative to existing trade flows.

The second is industrial cooperation. Türkiye’s industrial and technological base, the resources of Kazakhstan and Azerbaijan, and Uzbekistan’s labor resources and expanding manufacturing sector provide conditions for developing complementary production chains.

The third is transport geography. Connecting the China–Kyrgyzstan–Uzbekistan railway with the Middle Corridor could expand Uzbekistan’s transit and logistics opportunities along the East–West axis.

The fourth is access to capital. Co-financing mechanisms involving the Turkic Investment Fund and international financial institutions could provide new sources of financing for the private sector.

The fifth is the digital economy. Integration of data centers, artificial intelligence, e-commerce and digital transport documentation could create conditions for faster growth in trade in services.

At the same time, these opportunities will not automatically translate into economic outcomes. Turning the $2.7 billion export potential into actual exports requires addressing product standards, certification, logistics costs, financing and market access at the level of specific product categories.

Likewise, the economic efficiency of transport corridors should be assessed not by their length or the number of participating countries, but by indicators such as cargo delivery times, transport costs per tonne and waiting times at border crossings.

In investment cooperation, the volume of capital attracted should be considered alongside localization levels, the participation of domestic companies in supply chains, job creation and export revenues.

Ahead of the Ankara Summit

As of September 2026, preparations are under way for the 13th OTS Summit in Ankara. On 8 September, OTS Secretary General Kubanychbek Omuraliev and Turkish Foreign Minister Hakan Fidan discussed the organizational and substantive aspects of the summit as well as its expected outcomes.

The discussions also covered another important document — the OTS Strategy for 2027–2031, which is expected to define the organization’s strategic framework and priority areas for the coming period.

In this context, the Ankara Summit may become an important milestone for the next stage of economic cooperation within the OTS.

The trend of recent years is increasingly clear. While the initial emphasis was largely on expanding trade volumes, economic relations are now becoming more closely linked to investment, transport infrastructure, financial institutions and digital technologies.

For Uzbekistan, the next task is to translate the existing $2.7 billion in additional export potential into actual trade, expand joint production chains with OTS countries, reduce transport costs and use new financial mechanisms to support private-sector projects.

Accordingly, the criteria for assessing economic integration within the OTS are also evolving. Trade turnover and investment volumes remain important indicators, but they are increasingly complemented by delivery times, logistics costs, industrial cooperation, joint projects, digital services and mobilized private capital.

It is this transition — from trade in goods toward an interconnected system of production, transport, finance and digital infrastructure — that increasingly defines the new economic substance of cooperation among the Turkic states.

Latofat Burieva

Center for Economic Research and Reforms

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

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

The year 2025 marked a stage of qualitative renewal and consolidation of Uzbekistan’s foreign policy positions. Amid a complex and ambiguous international environment characterized by rising geopolitical tensions, the transformation of global institutions, and intensifying competition for resources and markets, Uzbekistan, under the leadership of President Shavkat Mirziyoyev, consistently pursued an open, pragmatic, active, and proactive foreign policy. This approach not only helped preserve the stability of external relations but also infused them with new substantive content aligned with the country’s long-term interests and domestic development priorities.

As emphasized by the President of Uzbekistan, Shavkat Mirziyoyev, in his Address to the Oliy Majlis and the people on December 26, 2025, “in recent times the country has been becoming an international platform for dialogue where global issues are discussed.”

As an integral part of the large-scale socio-economic reforms underway in the country, the diplomatic strategy of New Uzbekistan was aimed at creating favorable external conditions for economic modernization, attracting foreign investment and tourists, expanding export potential, and strengthening humanitarian and cultural ties. The foundations of this foreign policy course remained the principles of openness, equal partnership, mutual respect, non-interference in the internal affairs of states, and strict adherence to international law.

Political dialogue at the highest level with prominent world leaders has reached a new stage and become regular. New agreements have been reached with the leaders of the United States, China, Russia, France, Italy, Turkey, South Korea, Japan, Malaysia and a number of Arab states. In 2025, the number of bilateral meetings at the level of heads of state and government exceeded 55, which indicates a growth in mutual trust with foreign partners.

A similar trend was observed in the development of intensive high-level political dialogue. Throughout the year, high-level Uzbek delegations carried out 172 visits to 93 countries, covering virtually all key regions of the world. Representatives of ministries, agencies, and regional administrations also played a substantial role in shaping the international agenda. With the support of diplomatic missions, they undertook around 300 official visits to more than 50 countries, bringing foreign relations to a more practical and results-oriented level.

Acting as an active host, Uzbekistan has become one of the centers of world diplomacy. This is clearly demonstrated by the fact that the country has hosted forums, assemblies and conferences of the Inter-Parliamentary Union, the United Nations Civil Service, the UNESCO General Conference, the International Climate Conference, the Tashkent Summit of the countries of the region and a number of other major events. Our country has hosted over 120 high-level foreign delegations, as well as about 300 delegations from regional authorities of foreign states. These contacts have contributed to the development of interregional cooperation, the establishment of direct links between business circles and the expansion of the legal framework for cooperation.

Central Asia traditionally occupies a special place in Uzbekistan’s foreign policy strategy. In 2025, this priority received further institutional development. Uzbekistan chaired the Consultative Meeting of the Heads of State of Central Asia, with the chairmanship implemented for the first time on the basis of a comprehensive standalone program. Its agenda covered economic cooperation, transport connectivity, environmental issues, rational use of water resources, and humanitarian exchanges.

The organization of more than twenty major events and the holding in Tashkent of a summit of Central Asian leaders—historic in its outcomes and chaired by President Shavkat Mirziyoyev—became the culmination of regional diplomacy for the year. These developments confirmed the region’s aspiration to deepen mutual trust and pursue joint development.

Today, we can say with confidence that our vast region is becoming a unified, fully-fledged player in world politics for the first time in a long time. This is evidenced by the growing attention of the international community and the changed perception of the region on the global stage. A striking example is the development of the ‘Central Asia Plus’ formats, which in 2025 were filled with new concrete practical content. The summits with the European Union, China, Russia, the United States and Japan clearly demonstrated the region's increased role in global politics and strengthened its position as an area of stability, predictability and mutually beneficial cooperation.

An important direction of Uzbekistan’s foreign policy in 2025 was the further expansion of its geographical reach. Alongside traditional partners in the CIS, Europe, and Asia, contacts with countries in Eastern Europe, the Middle East, Africa, and South America were intensified. The first-ever bilateral high-level engagements with Slovakia, Serbia, Jordan, Paraguay, and several other states testified to the consistent expansion of Uzbekistan’s international presence. As a result, the total number of countries with which Uzbekistan maintains diplomatic relations reached 165.

Against this backdrop, several events of strategic significance had a profound impact on Uzbekistan’s foreign policy positioning in 2025. The signing of the Enhanced Partnership and Cooperation Agreement with the European Union and President Shavkat Mirziyoyev’s visit to Brussels marked a transition in relations with the EU to a qualitatively new level. The agreement established a solid legal framework for deepening political dialogue, expanding trade and economic ties, attracting investment, and developing cooperation in sustainable development, the green economy, and digitalization, while also reflecting the high assessment by European partners of Uzbekistan’s ongoing reforms.

Continuing its course toward expanding and deepening engagement with key global centers of power, Uzbekistan steadily developed relations with the United States. A landmark event in this regard was the successful outcome of the “C5+1” summit held in Washington in November, which brought together the leaders of the United States and the Central Asian states. Uzbekistan’s role in this format has been widely recognized by international experts and policymakers as that of a key initiator of regional cooperation and a responsible partner of the United States in the areas of sustainable development, security, economic interaction, and humanitarian ties.

Equally significant was the participation of the President of Uzbekistan in the session of the United Nations General Assembly. The head of state’s address from the UN’s main international platform reaffirmed the country’s commitment to multilateralism, peaceful dialogue, and the collective search for solutions to pressing global challenges.

In 2025, four resolutions initiated by Uzbekistan were adopted by the UN General Assembly, reflecting the country’s priorities in sustainable development, regional security, and humanitarian cooperation. In addition, Uzbekistan was elected to several authoritative UN bodies, underscoring the growing trust of the international community.

A historic event of the year was the holding of the 43rd session of the UNESCO General Conference in Samarkand. For the first time in forty years, this forum took place outside Paris, representing unprecedented recognition of Uzbekistan’s cultural, historical, and civilization significance. For several days, Samarkand became a global platform for dialogue on education, science, and culture, strengthening the humanitarian dimension of Uzbekistan’s foreign policy and its image as a center of intercivilizational interaction.

Alongside active political diplomacy, economic diplomacy developed dynamically in 2025, firmly establishing itself as one of the key instruments of the country’s foreign policy. Systematic work within the framework of “Ministry of Foreign Affairs — diplomatic missions — sectoral agencies — regions” yielded tangible results in attracting foreign investment and expanding external economic ties. Over the first ten months of the year, USD 34.4 billion in foreign investment was mobilized with the support of diplomatic missions.

The effectiveness of Uzbekistan’s economic policy received high praise from international financial institutions and rating agencies. In 2025, Fitch Ratings and S&P upgraded the country’s sovereign credit rating from “BB-” to “BB,” while Moody’s revised its outlook from “stable” to “positive,” reflecting growing confidence in the economy and the sustainability of ongoing reforms.

The intensification of foreign economic activity also contributed to the growth of trade indicators. Over the first eleven months of 2025, Uzbekistan’s foreign trade turnover reached USD 72.7 billion, with exports amounting to USD 30.8 billion—an increase of USD 6.6 billion compared to the same period of the previous year. A significant reduction in the trade deficit was the result of targeted efforts by diplomatic missions to diversify markets and promote domestic products abroad.

Tourism, as an element of “soft power,” played an important role in shaping Uzbekistan’s positive international image in 2025. Over eleven months, the country was visited by 10.7 million foreign tourists, with more than one million foreign visitors welcomed each month on average. Active participation in international exhibitions, large-scale promotional events abroad, and the hosting in Tashkent of the first “Central Asia–European Union” Tourism Forum helped strengthen Uzbekistan’s position as one of the most promising tourist destinations in the region.

Considerable attention was also devoted to protecting the rights and interests of Uzbek citizens abroad, an important humanitarian dimension of foreign policy. From January to September 2025, more than 385,000 consular actions were carried out, including the return of unlawfully confiscated documents and the recovery of unpaid wages, alongside the implementation of programs facilitating the return of compatriots to their homeland. In parallel, digital consular services were improved, the geography of visa-free and simplified entry for Uzbek citizens was expanded, and cooperation with diaspora communities was strengthened.

In summary, the outcomes of 2025 clearly demonstrate that Uzbekistan’s foreign policy has reached a high level of maturity, consistency, and effectiveness. The country not only strengthened its positions on the international stage but also successfully leveraged diplomatic instruments to support domestic development, enhance investment attractiveness, and improve the quality of life of its citizens. Uzbekistan concludes the year with an expanded network of partnerships, a robust legal and contractual framework, and a clear vision for the future—remaining open to the world and looking ahead with confidence and optimism.

Dunyo IA

More than 200 companies and brands from 11 countries to participate

14^th International Exhibition for Heating, Ventilation, Air Conditioning, Water Supply, Plumbing, Swimming Pools, Environment and Renewable Energy – Aquatherm Tashkent 2026 will be held from October 6 to 8, 2026, at the Uzexpocentre National Exhibition Complex in Tashkent.

The event will bring together equipment manufacturers and suppliers, distributors and dealers, as well as key market professionals, including installers, developers and engineering systems designers, representatives of construction and utility organizations, industry experts and professional associations.

The organizers are international exhibition company “Iteca Exhibitions” and its partner “ICA Eurasia Group.” The exhibition is held with the official support of the Ministry of Construction and Housing and Communal Services of Uzbekistan.

“Aquatherm Tashkent” is the leading specialized exhibition in Uzbekistan showcasing the latest developments and comprehensive solutions in the fields of HVAC, water supply, plumbing and related sectors. For 14 years, it has remained a key platform for demonstrating modern equipment, exchanging professional expertise and developing business cooperation.

In Uzbekistan, it is the only specialized exhibition that comprehensively presents all types of engineering solutions, including equipment for heating and hot water supply, ventilation, air conditioning and refrigeration, water treatment systems, wastewater and sewage systems, gas supply, pipes, fittings and valves, plumbing equipment, solutions for swimming pools, saunas and spas, as well as instrumentation and control systems, automation, tools and installation technologies.

This year, the exhibition will feature more than 200 companies and brands from 11 countries, including Belarus, Germany, Iran, Italy, Kazakhstan, China, the Republic of Korea, Poland, Russia, Türkiye and Uzbekistan.

Among the participants are Climadens Pro, Akfa, Bosch, Buderus, Besterm Itermic, Tepliy Vozdukh, Format, Rols Isomarket, Termaflex Izolyatsiya, Daikin, Haier, Thaicon, Hitium, Lesso, Tokamnet, Newterm, Akvadis, PK Kontur, Craft, Zip24, Nimbus, Santim, Ostendorf Rus and Edelweiss.

The exhibition will offer solutions across different price segments, including affordable options for a wide range of consumers.

A new area at this year’s exhibition will be wastewater treatment, which is particularly relevant for Uzbekistan amid water resource shortages, population growth, aging infrastructure and the pollution of water bodies by industrial and municipal wastewater.

The exhibition program will include expert presentations, professional skills competitions and practical master classes.

Aquatherm Tashkent 2026 is of practical interest to international manufacturers of equipment and raw materials, chambers of commerce and industry, and specialized associations that view Uzbekistan as a promising market for developing business ties and establishing new partnerships.

The exhibition will also serve as a networking platform for official delegations, representatives of the construction industry and utility companies seeking modern solutions for engineering infrastructure, water supply, water treatment, heating, ventilation and more efficient use of resources.

Every year, Aquatherm Tashkent brings together the professional community, providing an opportunity to see new technologies and equipment in operation, receive consultations, establish direct business contacts, discuss prospective projects and find solutions for construction and infrastructure facilities.

Visitors from across Uzbekistan and abroad attend Aquatherm Tashkent to see what the market has to offer, compare available technologies and equipment, find reliable suppliers and identify suitable solutions for their specific needs.

As a result, the exhibition serves as a starting point for a new stage in the development of the engineering market for the following year – a place where new business relationships are established, priorities for further work emerge and the foundations for future projects are laid.

Visitors are encouraged to register in advance and obtain an online badge at: https://bit.ly/ATT_Dunyo_ru

More information is available at www.aquatherm-tashkent.uz or by phone at +998 71 205 14 14.

“Aquatherm Tashkent” is held under the internationally recognized Aquatherm® exhibition brand in the HVAC sector, owned by Austrian company Wiener Messe und Congress GmbH.

Dunyo IA