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

On November 4, the 4th Meeting of the Executive Committee of the Foreign Investors Council under the President of the Republic of Uzbekistan was held at the Ministry of Investment, Industry and Trade, chaired by Minister Laziz Kudratov. The meeting was attended by Executive Committee members, including EBRD Head of Office in Uzbekistan Andi Aranitasi, ADB Country Director Kanokpan Lao-Araya, IFC Regional Head Neil McKain, and Head of the Council Secretariat Aziz Gafurov.

The participants reviewed the Secretariat’s report on its activities during the first ten months of 2026, covering the work of 10 interagency working groups, progress in advancing investors’ initiatives, the launch of the Regional Alliance of Investment Councils of Central Asia and the Caucasus (RAIC-CAC), and partnership memoranda with business associations.

Decisions were made to admit two new members to the Council: Japan’s ITOCHU Corporation and Deutsche Bank AG. The Council brings together more than 40 companies and financial institutions from over 15 countries.

The Work Plan through the end of 2027 was approved, providing for approximately 70 working group meetings, interim Council sessions on November 25, 2026, and May 18 and November 23, 2027, the 5th Plenary Session on June 14–16, 2027, an RAIC-CAC meeting in Tashkent on April 9, 2027, and the presentation of the Investment Outlook in early 2027.

The Council’s 2026 Annual Report will be presented at the FIC Year-end Session on December 16, 2026. The report will include the findings of a nationwide survey of more than 1,000 respondents on the impact of foreign investment on Uzbekistan’s economy, conducted by the Ministry of Investment, Industry and Trade.

The Council will continue to serve as a platform for open dialogue between the government and foreign investors, contributing to the improvement of the business environment and strengthening investor confidence in Uzbekistan’s investment climate.