Reforms and innovation: How Uzbekistan is unlocking foreign investment opportunities
Foreign direct investment in Uzbekistan has reached €111.8 billion, doubling GDP and fueling growth across nearly all sectors of the economy, from manufacturing and energy to IT and finance.
In partnership with Agency of Information and Mass Communications of Uzbekistan
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00:00Once overlooked by global investors, Uzbekistan is now rewriting the rules of economic transformation in Central Asia.
00:11Why are global investors choosing this country and how is the government balancing growth with sustainability and inclusion?
00:19Hello and welcome to Business Line Uzbekistan.
00:21Over the past eight years, investments attracted to Uzbekistan reached more than 111 billion euros and the gross domestic product has doubled, reaching about 100 billion euros last year.
00:34Gold and foreign exchange reserves have exceeded more than 41 billion euros.
00:39Today, 16,000 foreign-invested enterprises operate across the nation, not just injecting capital, but reshaping the economy from the ground up.
00:49The government's goal is bold to double GDP to 172 billion euros by 2030, with foreign direct investment at the heart of that strategy.
01:00From renewable energy and advanced manufacturing to IT and logistics, foreign investment is driving job creation and unlocking new industries.
01:10With clear ambitions and growing investor confidence, Uzbekistan is building a future powered by global partnerships.
01:17Here is more.
01:18In this factory, the smell of chocolate and caramel mixes with the sound of progress.
01:24Every day, 200 tons of sweets are produced here.
01:27The result of a journey that began with a small operation back in 2009.
01:32This isn't just a factory, it's a part of bigger vision.
01:49A new industrial technopark called Yangi Hayat, where 10,000 jobs are planted.
01:53They are the result of growing investor confidence in Uzbekistan's economic future.
01:58According to the 2025 Index of Economic Freedom, the country now leads the region in trade freedom.
02:20Now we see more and more interest in sectors critical minerals, services, IT sector, finance sector, and many others,
02:27which is a significant departure from the type of businesses that were interested in Uzbekistan, say, 9 or 10 years ago.
02:35Countries like China, Saudi Arabia, Turkey are now among Uzbekistan's top investors.
02:41In Bukhara, Saudi Arabia's aqua power is building two 500-megawatt wind farms.
02:47We believe in the leadership who made things to happen.
02:51And the energy transition, it was the best example today in the world.
02:55But investment isn't only about factories and infrastructure, it's about ideas.
03:00Regional players like TBC Group, a financial service company from Georgia, are backing Uzbekistan's digital future.
03:07We would invest only if it makes strategic sense for the development of the company.
03:12When we were entering Uzbekistan, a very interesting acquisition would be PayMe.
03:18If we fast forward to today, we have more than 14 million customers.
03:23From factory floors to wind farms, from local startups to global partnerships,
03:29Uzbekistan is proving that smart investment creates real impact.
03:33Joining us now is Shohruh Gulyamov, Deputy Minister of Investment, Industry and Trade of the Republic of Uzbekistan.
03:40Mr. Gulyamov, what are the main investment goals for the country over the next 5 to 10 years?
03:46And what steps are being taken by the ministry to reduce bureaucracy?
03:50Thank you very much for the question.
03:52Telfar, yeah, indeed, Uzbekistan on today's day did a very big step.
03:57And to the government of Uzbekistan, the goal of Uzbekistan is set to $120 billion to $120 billion.
04:04The question of bureaucratia in bringing investments to the investment is a stone in the world in the world in the world.
04:11And on today's day we are going to be working on the law of investment and the law of economic freedom of the world in a new redaction.
04:19And recently, on 20 August of the year, the government of the United States,
04:23on the meeting with the investors of Uzbekistan, there were new developments in this direction.
04:27So, the law of investment and the law of investment is also one of our new directions.
04:33We launched the platform PMI.mit.us, in which in real time you can see their statuses in real time.
04:44Thank you for joining us.
04:46Well, that's all we have for this edition.
04:48You can get more business news at euronews.com.
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