In recent years, Uzbekistan has made significant progress in improving its investment climate, opening up new opportunities for international business.
Comprehensive reforms aimed at economic liberalization, tax reduction, and simplification of currency conversion have led to a noticeable increase in investment inflows. A key element of these changes has been the creation of free economic zones offering broad incentives to investors, along with active collaboration with international financial institutions.
The primary goal of the country’s economic policy is to create a favorable environment for business and foreign investors. Uzbekistan is consistently reducing tax rates, expanding access to credit for foreign companies, and adopting measures to protect investor rights. These changes are positioning Uzbekistan as one of the most attractive markets in Central Asia.
One of the country’s key advantages is its strategic location. With a population of 37.5 million and access to a regional market of over 300 million consumers, Uzbekistan offers substantial potential for local production and regional export. The country is focused not only on attracting foreign capital but also on integrating advanced technologies and know-how to modernize key sectors of its economy.
Global experience shows that countries pursuing active investment policies achieve sustainable economic growth. The launch of new production facilities and the introduction of modern technologies drive industrial development, create jobs, and improve living standards. Uzbekistan is actively embracing this approach, as evidenced by the outcomes of its major investment events. For example, the third Tashkent International Investment Forum resulted in agreements totaling $26.6 billion. This figure was $11 billion in 2023 and $7.8 billion in 2022. The rapid increase in investment volume reflects growing trust from the international business community.
One successful example is the Azerbaijani-Uzbek Investment Company (AUIC). Established by the presidents of Uzbekistan and Azerbaijan, AUIC has a charter capital of $500 million and is focused on supporting private businesses that contribute to the economic development of both countries. The company invests between $1 million and $25 million in both new and existing projects, with an investment horizon of 5 to 8 years. Acting as a financial investor, AUIC participates in strategic decision-making without interfering in day-to-day operations. It channels investments into manufacturing, logistics, tourism, agriculture, innovation, and other sectors. Unlike traditional financial institutions, AUIC does not merely provide capital—it acts as a partner that sees beyond business plans to the people behind them, with their ideas, ambitions, and drive to create meaningful projects for the country and the region. This approach makes AUIC a key catalyst for economic growth and structural transformation.
In parallel, Uzbekistan continues to strengthen its core macroeconomic indicators, with agriculture and manufacturing remaining leading contributors to GDP. In this context, AUIC plays a vital role by investing in multiple sectors, helping to lay a strong foundation for sustainable economic growth.
Today, Uzbekistan is confidently asserting itself as a hub for investors—and for good reason. We see the country not just as a market, but as a space of dynamic change, where real conditions for business growth are being created. The reforms have made the economy more accessible, flexible, and open to international capital. For AUIC, investment is not just about funding—it is about strategic partnerships and long-term contributions to development. We are driven not only by numbers but also by people—entrepreneurs with bold ideas who are ready to set new trends. Uzbekistan is a land of opportunity, a place to be part of large-scale transformation, and we are proud to contribute to this process, noted Nazim Gadjiyev, CEO of AUIC.
Beyond AUIC, Uzbekistan is home to other investment institutions focused on supporting various sectors of the economy. These initiatives not only stimulate the development of traditional industries but also create opportunities for entrepreneurs to generate ideas, build products, and expand into international markets—particularly in IT, fintech, e-commerce, and advanced digital solutions.
Among the active investment organizations is the Uzbekistan Fund for Reconstruction and Development (UFRD), which finances long-term infrastructure projects such as the construction of transport hubs, modernization of the energy system, and development of strategic industries—laying the groundwork for stable economic growth.
In a globalized world, Uzbekistan plays a crucial regional role as it steadily integrates into the global economy. Its geographic location, rich natural resources, and investment-oriented policy make it an attractive destination for many international players. The country’s Law “On Investments and Investment Activities” enshrines the principles of transparency, equality, and investor protection, ensuring stability and predictability in doing business.
Government policy continues to focus on improving the investment climate. Priorities include attracting innovative production facilities, modernizing infrastructure, deepening cooperation with international financial institutions, and supporting small and medium-sized enterprises. In the long term, these efforts will establish a solid foundation for the sustainable growth of the national economy.
