2030 Strategy Highlights

Uzbekistan’s 2030 strategy sees it targeting upper middle-income nation status by the end of the decade, to be achieved through a radical reform programme which will liberalise the economy, attract foreign investment, ramatically expand the country's technological capacity and strategic infrastructure, and reduce the regulatory burdens on businesses.

Moreover, compelling incentives to bring foreign direct investors to the country are already producing unmistakeable results, with international businesses operating in the country's Free Economic Zones (FEZ) benefitting from tax exemptions of up to 10 years, and FDI enterprises enjoying exemptions on property, water usage and land taxes of up to seven years.

Bringing GDP to $160 billion and per capita income to $4 thousand

Ensuring an annual inflation rate of 5-6 percent

Bringing the volume of the freely traded securities market to $8 billion

Attracting of $250 bn investment in the country

Ensuring the growth of the volume of investments annually invested in fixed assets by an average of 7 percent

Implementation of more than 500 strategically significant technological and infrastructure projects

As well as the most liberal tax regime in the region, Uzbekistan's export development is accelerating as major deregulation takes effect, with the abolition of more than 130 permits and licences, as well as all customs duties on exported goods and services. The government's privatisation programme has also marked significant milestones, with sale of more than $1 billion worth of state assets and the adoption of a landmark law on Public-Private Partnership facilitating $17 billion-worth of projects.

Moreover, by increasing the number of countries with which Uzbekistan enjoys a visa-free regime from nine to 93, the country is attracting talent and investment from across the world. A critical pillar of the 2030 Strategy has been the substantial expansion of investor protections, ensuring the safeguarding of investor rights and complementing the dispute mechanisms of the Tashkent International Arbitration Centre.