New Uzbekistan | Invest Uzbekistan

$91.5B$91.5B: Industrial production 2025
$72.1B$72.1B: International reserves September 2026
20.6M20.6M: Labour force 2025
$81.2B$81.2B: Foreign trade turnover 2025
4.8%4.8%: Unemployment rate 2025

News

13.10.2026

On October 13, Laziz Kudratov, Minister of Investments, Industry and Trade of the Republic of Uzbekistan, held a meeting with Shingo Ueno, President and CEO of Sumitomo Corporation, and Yoshihiro Miyamoto, President of Shikoku Electric Power.

On October 13, Laziz Kudratov, Minister of Investments, Industry and Trade of the Republic of Uzbekistan, held a meeting with Shingo Ueno, President and CEO of Sumitomo Corporation , and Yoshihiro Miyamoto, President of Shikoku Electric Power . Sumitomo Corporation is a diversified company specializing in metallurgy , natural resources , energy, infrastructure , transportation , automotive , as well as media and digital technologies . The company has 125 offices across 63 countries and regions . Shikoku Electric Power is one of the major energy companies , also operating in telecommunications services , IT solutions , engineering , and construction . The company implements projects in more than 10 countries worldwide . The parties reviewed the progress of projects to construct solar power plants and energy storage systems in Samarkand Region, as well as wind power plants and energy storage facilities in the Kungrad District of Karakalpakstan. Particular attention was paid to the prospects for producing steel cables for power transmission lines , supplying ambulances , modernizing electricity networks , and introducing Japanese experience in managing free economic zones .

The second meeting of the Uzbek–Turkish Working Group on Trade was held in Ankara. Uzbekistan was represented by I. Abdurakhmonov, Head of Department at the Ministry of Investments, Industry and Trade, while Türkiye was represented by H. Dilemre, Head of Department at the Ministry of Trade of Türkiye.

The second meeting of the Uzbek–Turkish Working Group on Trade was held in Ankara. Uzbekistan was represented by I. Abdurakhmonov, Head of Department at the Ministry of Investments, Industry and Trade, while Türkiye was represented by H. Dilemre, Head of Department at the Ministry of Trade of Türkiye. The parties discussed expanding bilateral trade with a target of $5 billion , eliminating tariff and non-tariff barriers , and facilitating market access for agricultural products , electrical engineering products , and light industry goods . Particular attention was paid to technical regulation , standardization , mutual recognition of certificates of conformity , and simplification of customs procedures . An agreement was reached to establish a technical working group on trade in electrical engineering products. Consultations were held on expanding the Preferential Trade Agreement to create additional opportunities for exporters. Following the meeting, the Protocol of the meeting was signed. The parties also agreed to work on the signing of a document expanding the Preferential Trade Agreement during the upcoming summit of the Organization of Turkic States in Ankara .

On October 12, Georgian Prime Minister Irakli Kobakhidze received Laziz Kudratov, Minister of Investments, Industry and Trade of the Republic of Uzbekistan.

On October 12, Georgian Prime Minister Irakli Kobakhidze received Laziz Kudratov, Minister of Investments, Industry and Trade of the Republic of Uzbekistan. During the meeting, the Head of the MIIT conveyed the warm greetings and best wishes of the President of the Republic of Uzbekistan , Shavkat Mirziyoyev , and expressed his appreciation for the attention paid to developing bilateral relations . The parties reviewed issues related to expanding trade and investment , including achieving the target bilateral trade turnover of $1 billion , developing direct contacts between enterprises , and improving the conditions for mutual supplies . In addition, attention was given to transport and logistics cooperation , strengthening connectivity along the Middle Corridor , establishing joint production facilities in several industries, and other matters of mutual interest.

On October 12, the 11th meeting of the Intergovernmental Commission on Economic Cooperation between Uzbekistan and Georgia was held in Tsinandali.

On October 12, the 11th meeting of the Intergovernmental Commission on Economic Cooperation between the Republic of Uzbekistan and Georgia was held in Tsinandali. The meeting was co-chaired by Laziz Kudratov, Minister of Investment, Industry and Trade of the Republic of Uzbekistan, and Mariam Kvrivishvili, Vice Prime Minister and Minister of Economy and Sustainable Development of Georgia. During the discussions, the parties noted that Uzbek-Georgian relations had reached a qualitatively new level following the first state visit to Georgia in 23 years by President of the Republic of Uzbekistan Shavkat Mirziyoyev in July this year. The transition to a strategic partnership has provided additional momentum to economic cooperation, while the Commission's key task is to ensure the implementation of agreements reached at the highest level. Bilateral trade was one of the central topics of the meeting. In 2025, trade turnover amounted to approximately $270 million. The participants emphasized the need to make fuller use of the existing free trade regime, diversify the range of traded goods and establish direct contacts between manufacturers and retail chains. To achieve the $1 billion trade target set by the leaders of the two countries, the parties agreed to prepare a joint Action Programme outlining specific product categories, targets and implementation timelines. A specialized working group will oversee its development and regularly assess progress. Mutual industrial exhibitions and business missions will serve as additional instruments for promoting products. The expansion of trade is expected to be supported by investment and industrial cooperation. During the meeting, the parties reviewed the progress of joint initiatives in industry, construction, agriculture, energy and the financial sector. Currently, 116 enterprises with Georgian capital operate in Uzbekistan, while 144 companies with Uzbek capital are registered in Georgia. The experience gained provides a foundation for deeper industrial cooperation. In particular, the parties discussed opportunities to combine Uzbekistan's industrial capacities with Georgian technologies and expertise in design, certification and product promotion. This approach is being considered in the pharmaceutical, light and food industries, including with a focus on European markets. Transport and logistics occupied a prominent place on the agenda. The parties highlighted Georgia's role as an important link in the Trans-Caspian International Transport Route, providing Uzbekistan with access to Black Sea ports and European markets. Priority areas include the modernization of port and warehousing infrastructure, improvement of transit conditions and enhancement of transport competitiveness. One of the key initiatives will be the establishment of an Uzbek logistics center at the Port of Poti. Work has already entered the practical stage: the relevant agreement has been signed, and the first pilot shipment of Uzbek products to Europe has been completed. In the longer term, the development of this route is expected to increase cargo flows through Georgia, which could potentially reach 3 million tonnes annually by 2030. Alongside economic matters, the parties discussed prospects for developing joint tourist routes, expanding direct air connections and implementing initiatives in hotel and wellness infrastructure. Strengthening interregional ties was also identified as an important area of cooperation. The parties agreed to prepare a schedule of reciprocal delegation visits and explore the possibility of holding the first Uzbekistan–Georgia Forum of Regions in 2027. The forum will provide a platform for establishing business contacts and identifying new opportunities for local manufacturers and investors. Following the meeting, further steps were outlined to implement the planned activities. The parties agreed to hold the 12th meeting of the Intergovernmental Commission in February 2027 in Tashkent Region, with the participation of representatives of the business communities of both countries.  

On October 10, a working meeting on the implementation of joint projects with Miahona was held under the chairmanship of Laziz Kudratov, Minister of Investment, Industry and Trade of the Republic of Uzbekistan.

On October 10, a working meeting on the implementation of joint projects with Miahona was held under the chairmanship of Laziz Kudratov, Minister of Investment, Industry and Trade of the Republic of Uzbekistan. The meeting was attended by representatives of relevant ministries and agencies, as well as Franklin Templeton and Miahona. The participants reviewed the progress of projects in the areas of drinking water supply and wastewater treatment. Following the meeting, practical measures were identified to accelerate project implementation and ensure coordinated cooperation among the responsible entities.

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Investment Guide 2026
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This comprehensive investment guide, developed in cooperation with PwC, provides an in-depth analysis of Uzbekistan’s investment climate, recent economic reforms, and opportunities across key sectors. It covers macroeconomic indicators, tax and customs regimes, legal framework, and business setup procedures. Special focus is placed on strategic sectors such as agriculture, energy, oil & gas, ICT, textiles, chemicals, and pharmaceuticals. Ideal for foreign investors, public institutions, and researchers, the document features investment success stories and detailed information on incentives within Special Economic Zones (SEZs).
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FDI Report 2026
Open PDF
Prepared for the 5th anniversary of the Tashkent International Investment Forum (TIIF), Uzbekistan: Big Market. Bold Reforms. Real Opportunity. provides a comprehensive overview of the country’s evolving investment landscape, economic transformation, and growing role as a regional investment hub. The report examines key macroeconomic trends, foreign direct investment performance, sectoral opportunities, and regional investment potential, offering valuable insights for international investors, financial institutions, and business leaders. Drawing on official data, market analysis, and perspectives from global investors and corporate executives, the report highlights Uzbekistan’s progress in economic diversification, privatization, infrastructure development, digital transformation, and global integration. It also presents the findings of the EY Investor Perception Survey, reflecting increasing investor confidence in Uzbekistan’s reform agenda and long-term growth prospects.

Investment Guide

This comprehensive investment guide, developed in cooperation with PwC, provides an in-depth analysis of Uzbekistan’s investment climate, recent economic reforms, and opportunities across key sectors. It covers macroeconomic indicators, tax and customs regimes, legal framework, and business setup procedures. Special focus is placed on strategic sectors such as agriculture, energy, oil & gas, ICT, textiles, chemicals, and pharmaceuticals. Ideal for foreign investors, public institutions, and researchers, the document features investment success stories and detailed information on incentives within Special Economic Zones (SEZs).

Investment Guide 2026

Prepared for the 5th anniversary of the Tashkent International Investment Forum (TIIF), Uzbekistan: Big Market. Bold Reforms. Real Opportunity. provides a comprehensive overview of the country’s evolving investment landscape, economic transformation, and growing role as a regional investment hub. The report examines key macroeconomic trends, foreign direct investment performance, sectoral opportunities, and regional investment potential, offering valuable insights for international investors, financial institutions, and business leaders. Drawing on official data, market analysis, and perspectives from global investors and corporate executives, the report highlights Uzbekistan’s progress in economic diversification, privatization, infrastructure development, digital transformation, and global integration. It also presents the findings of the EY Investor Perception Survey, reflecting increasing investor confidence in Uzbekistan’s reform agenda and long-term growth prospects.

FDI Report 2026