Foreign Capital and Technological Growth: Uzbekistan’s Investment Attractiveness is Increasing
2026-03-10 12:05:00 / News
Foreign Capital and Technological Growth: Uzbekistan’s Investment Attractiveness is Increasing
Today, investments play a crucial role in economic development. Investment is no longer just money — it is the main driver of economic growth, the launch of new enterprises, and job creation. The countries that attract more and better-quality investments develop faster.
In this regard, over 400 strategically significant projects worth a total of $150 billion are planned across various sectors and regions of the economy.
As a result of the steady growth of the investment program, the number of projects will reach 130 in 2027, 210 in 2028, and 300 in 2029. By 2030, it is planned to increase the number of technological initiatives to 400 and fully unlock the economic potential of the regions.
For example, last year 301 major projects worth $18.7 billion were launched, creating more than 36,000 jobs.
These projects have led to the production of new goods, increased exports, and the emergence of import-substituting products.
Examples include:
- the Muruntau mine development project (Phase 5, Stage 1) worth $733 million by Navoi Mining and Metallurgical Company;
- the Yoshlik-I deposit development project (Stage 1, first phase) worth $4.6 billion by Almalyk Mining and Metallurgical Complex;
- construction of a casting and rolling complex in Bekabad worth $834 million by Uzmetkombinat.
As a result, these projects enable the production of additional goods and services worth 132.2 trillion soums, exports of $746.8 million, and import substitution worth $1.5 billion.
This indicates a significant expansion of capital inflows in a short period — a sign of strong investor confidence.
The main share of investments consists of foreign direct investment (FDI).
FDI represents not only financial resources but also modern technologies, advanced management practices, and integration into global markets.
Between 2027 and 2030, investment growth is expected to remain stable:
- 105.5% in 2027,
- 106% in 2028,
- 106.5% in 2029,
- 107% in 2030.
This is an important economic signal, reflecting predictable and balanced growth rather than volatility.
By the end of 2025, foreign investments reached $43.1 billion (a 124% increase compared to 2024).
In 2026, this figure is expected to rise to $53 billion (a 1.2-fold increase). Annual growth rates are projected at 6% in 2027 and a steady 7% from 2028 to 2030.
At the same time, public-private partnership mechanisms, special economic zones, and improvements in the investment climate are being actively developed, creating favorable conditions for foreign companies.
Long-term effects of this policy include:
- increased industrial production;
- expanded export capacity;
- strengthened energy and logistics independence;
- a foundation for innovation-driven growth.
For ordinary citizens, this means:
- more job opportunities;
- higher incomes;
- improved infrastructure;
- better quality goods and services.
In conclusion, the steady growth of foreign investment is not just an economic indicator but a sign of national stability and strong international trust.
By 2030, the implementation of strategic projects will significantly modernize the technological base of the economy and boost export potential.
Ultimately, investment will remain a key driver of job creation, income growth, and infrastructure development.
Deputy Minister of Investments, Industry and Trade
Kh. Teshabayev