Ministry of Investment, Industry and Trade of the Republic of Uzbekistan

The fifth Tashkent International Investment Forum concluded with a milestone that serves as the primary indicator of its practical significance: following the event, 166 investment agreements were signed, totaling $43.1 billion.

These figures represent more than just the outcome of a three-day business program. They reflect a broader, more substantial trend: international interest in Uzbekistan is increasingly translating into concrete investment decisions, industry-specific projects, and long-term partnerships. For the anniversary forum, this is particularly telling. In recent years, the forum has evolved from a promotional stage for Uzbekistan's investment opportunities into a prominent international business arena where potential is discussed through the lens of active projects, financial mechanisms, industrial cooperation, and actionable agreements.

The scale of the forum underscores this dynamic. In 2026, the number of registered participants exceeded 10,409. Tashkent welcomed 3,802 foreign delegates from 102 countries. For comparison, the forum hosted 1,050 foreign delegates in 2022, 1,142 in 2023, 1,874 in 2024, and 2,022 in 2025. Over four years, international participation has expanded more than threefold.

However, the true value of this growth lies not merely in volume, but in the shifting structure of the audience. The forum was attended by 3,145 representatives from real-sector companies—an increase of 1,480 compared to the previous year. Tashkent hosted delegates from major corporations and financial institutions, including BlackRock, JPMorgan Chase, Citibank, Visa, Franklin Templeton, Standard Chartered, London Stock Exchange Group, Bank of China, BP, Masdar, ACWA Power, Airbus, John Deere, Meta, Coca-Cola, DP World, and AD Ports Group. The combined assets under management of the companies represented are estimated at approximately $42 trillion. This figure firmly establishes that Uzbekistan’s investment agenda commands the attention of organizations dedicated to long-term capital, massive infrastructure projects, industrial solutions, and global financial frameworks.

The political caliber of the forum further enriched its substance. The event brought together 76 high-level government representatives, compared to 26 a year earlier. The cornerstone of the event was the plenary session featuring the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, alongside high-ranking dignitaries from Albania, Russia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, and Tajikistan. This level of participation ensured that the investment agenda was intrinsically linked to trade and economic cooperation, energy development, and long-term regional connectivity.

The business program itself saw significant expansion, featuring a total of 79 events. This included 34 panel discussions, 8 investment pitch sessions, and 7 major bilateral business forums involving the United States, China, the Republic of Korea, Turkey, Azerbaijan, Saudi Arabia, and the UAE. Discussions targeted sectors crucial to sustained economic development, such as renewable energy, critical minerals, digital public administration, artificial intelligence, Islamic finance, agribusiness, and food security.

A vital addition to the agenda was the Exhibition of the Investment Potential of Uzbekistan. It showcased the nation’s advanced capabilities across agriculture, agro-processing, electrical engineering, the chemical industry, geology, energy, artificial intelligence, and the IT sector. The immersive format successfully demonstrated that behind the showcased products lie modern industrial capacities and high-tech manufacturing utilizing equipment from leading global brands.

The practical efficacy of the forum is largely attributed to the fact that investor relations in Uzbekistan extend far beyond isolated events. The state has systematically developed institutional dialogues, such as the Foreign Investors Council. Over the recent period, the number of participating companies in the Council grew from 54 to 85, representing 19 countries and 23 economic sectors. The Council has already facilitated the development of 21 initiatives and the adoption of 8 regulatory acts, proving that continuous investor feedback is integral to refining the business climate.

The initiative to establish the Tashkent International Financial Centre aligns perfectly with this strategy. Designed to operate on the principles of English law, ensure the free movement of capital, allow multi-currency settlements, and provide specialized conditions for fintech and green finance, it aims to deliver a transparent and highly accommodating infrastructure for major investors. Such frameworks effectively shorten the lifecycle from initial interest to final execution.

Complementing the formal agenda, informal networking formats like the TIIF OPEN tennis tournament and the Silk Road Night Run international marathon engaged over 500 participants from more than 16 countries. Simultaneously, global media presence doubled. In 2026, events were covered by 209 foreign media representatives from 41 countries, acting on behalf of 123 international outlets, including Bloomberg, Reuters, Nikkei, Euronews, BBC News, CGTN, TRT, The Independent, and Xinhua.

The definitive conclusion of TIIF 2026 is that Uzbekistan is firmly transitioning from strategic investment positioning to rigorous practical implementation. The focus has shifted from merely demonstrating potential to proving the capacity to forge actionable partnerships and transparent operational environments. Consequently, the $43.1 billion in signed agreements stands not just as a statistical achievement, but as the most compelling validation of this transition.