From June 10 to 12, the capital city will host the 4th Tashkent International Investment Forum, which has become a crucial international platform for discussing investment opportunities and economic cooperation prospects. This year’s forum is especially significant as Uzbekistan continues to solidify its position as a rapidly developing country in Central Asia. In an interview with foreign media, Laziz Kudratov, Uzbekistan’s Minister of Investments, Industry, and Trade, highlighted the significant reforms that have been implemented in the country over the past seven years, resulting in improved conditions for entrepreneurs and foreign investors. The country has attracted over $90 billion in direct investments in a relatively short period, a remarkable achievement even by regional standards. The economy grew by 6% last year, demonstrating the effectiveness of the chosen development path. The Uzbekistan 2030 Strategy, which aims to transform the country into a strong state with a GDP of $200 billion, prioritizes investment attraction and the Tashkent International Investment Forum has become a key platform for dialogue between the state and the business community. The previous third edition of the forum saw a record number of agreements signed, amounting to $26.6 billion. Since 2022, the total value of agreements signed has surpassed $44 billion, with many projects already being implemented or in active development. Major investors include Saudi Arabia, China, Russia, and other countries with complementary experience and technologies. Uzbekistan is now welcoming investors to participate in significant projects in mechanical engineering, automotive manufacturing, energy, financial technologies, and artificial intelligence. The upcoming forum will also serve as an investment exhibition, allowing major companies to present their projects and domestic businesses to showcase their potential to an international audience. Muharrama Pirmatova, UzA.
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