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 8 years, investments attracted to Uzbekistan reached more than 111 billion euros
00:28and 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,
00:45not 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
00:56with foreign direct investment at the heart of that strategy.
01:00From renewable energy and advanced manufacturing to IT and logistics,
01:05foreign investment is driving job creation and unlocking new industries.
01:10With clear ambitions and growing investor confidence,
01:13Uzbekistan is building a future powered by global partnerships.
01:17Here is more.
01:19In this factory, the smell of chocolate and caramel mixes with the sound of progress.
01:23Every day, 200 tons of speeds 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,
01:51where 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,
02:16the country now leads the region in trade freedom.
02:20Now we see more and more interest in sectors critical,
02:23minerals, services, IT sector, finance sector and many others,
02:28which is a significant departure from the type of businesses
02:32that 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 to 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,
03:04are 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.
03:57The government of Uzbekistan has set up a goal to make investments to 120 billion dollars.
04:04The question of bureaucratia in bringing investments to the investment is a stone in the world,
04:08in the world, in the world, in the world, in the world.
04:11And on today's day we are working on the decision of the law about investments and the law about economic freedom of the world.
04:18In a new redaction, on 20 August of the year, the government of the government,
04:22on the meeting with the entrepreneurs of Uzbekistan,
04:25there were new developments in this direction.
04:27The decision of the law about investments is also one of our new directions.
04:33We launched the platform PMI.mit.us,
04:38where in real time you can see their statuses in real time.
04:44Thank you for joining us.
04:45Well, that's all we have for this edition.
04:48You can get more business news at euronews.com.
04:51See you next time.
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