The forum, which aims to attract foreign investment, improve the business climate, modernize infrastructure, create jobs, and strengthen the country’s position in the global economy, effectively showcased Uzbekistan’s investment potential and steady progress towards economic development.
As a result of the forum, numerous significant investment agreements were signed, including:
– A Cooperation Agreement for the development of an integrated farming system, dairy cattle breeding, and production of dairy goods for consumers;
– A Cooperation Agreement for the construction of modern residential and hotel buildings in the New Namangan City;
– A Supplementary Agreement for the construction of wastewater treatment facilities in the Fergana valley and Jizzakh region;
– A Memorandum of Understanding for the establishment of a Training Center for Employment Preparation in Japan;
– A Memorandum of Understanding for the allocation of funds to small and medium-sized businesses through Islamic financing mechanisms.
Additionally, investment agreements were signed with companies such as ACWA Power, Bell Engineering Software Technologists, Hyper Partners, and Shaanxi Road and Bridge Group for various energy, digital transformation, and infrastructure projects.
Notably, the signing of the Memorandum of Understanding between the Fund for Reconstruction and Development of the Republic of Uzbekistan and Uz Oman Capital for the establishment of a Central Asia Direct Investment Fund was a significant achievement.
Other agreements were also signed for projects involving solar and thermal power plants, toll highways, hazardous waste processing plants, and other large-scale initiatives.
All of these agreements are expected to contribute to the country’s economic stability by creating jobs, increasing exports, and promoting the production of high-value-added goods.
Furthermore, the forum highlighted major infrastructure projects, such as the “New Tashkent” project, a new airport capable of serving 20 million passengers, and multimodal transport hubs, which will accelerate Uzbekistan’s modernization and urbanization processes.
Uzbekistan has set ambitious goals to increase its GDP to $200 billion, exports to $45 billion, and the private sector’s share in the economy to 85% by 2030. To achieve these targets, the country is implementing reforms to reduce the state’s role in the economy, liberalize foreign trade, and enhance and digitize the business environment.
The forum showcased Uzbekistan’s growing role in global economic integration, with the signing of agreements, investment exhibitions, and strong partnerships with international allies solidifying the country’s position as a key investment hub in Central Asia.
Iskandar Urokboyev,
Expert at the Center for Sustainable Development