As of April 1, 2025, a total of 15,739 enterprises and organizations with foreign investment are operating in Uzbekistan, according to the National Statistics Committee. Out of the total number of foreign-invested entities, 4,031 are joint ventures formed between local and foreign partners, while 11,708 are fully foreign-owned enterprises.
China tops the list of countries with the highest number of foreign enterprises operating in Uzbekistan, with 3,711 businesses. Russia ranks second with 3,033 enterprises. Turkey follows in third place with 1,942 enterprises, highlighting its strong commercial engagement with Uzbekistan.
Other key countries investing in Uzbekistan include Kazakhstan with 1,082 enterprises, Afghanistan with 672, and South Korea with 663. The United Arab Emirates has 352 enterprises operating in the country, while Tajikistan and India follow with 329 and 317 enterprises, respectively. The United States maintains a presence with 310 enterprises, just ahead of the Kyrgyz Republic with 309.
Additional countries contributing to Uzbekistan’s foreign enterprise landscape include Azerbaijan with 278 enterprises, the United Kingdom with 240, Belarus with 230, and Germany with 217. Turkmenistan has 209 enterprises, while Pakistan and Japan account for 148 and 92 enterprises, respectively.
The wide range of countries represented signals Uzbekistan’s success in expanding its global investment partnerships. With continued reforms aimed at simplifying business procedures, improving infrastructure, and enhancing investor protections, the country remains committed to attracting sustainable foreign capital and strengthening its role in the regional and global economy.
As of January 2025, a total of 14,871 foreign-funded enterprises and organizations were active across the country.
Boosting International Investment
Earlier reports indicated that in the first quarter of 2025, Uzbekistan reached agreements on 178 investment projects valued at $39bn during high-level visits to the United Arab Emirates, Malaysia, Kuwait, and France. Additionally, the European Union pledged €12bn to support development efforts across Central Asia at a recent summit held in Samarkand.
Uzbekistan has set an ambitious target of attracting $42bn in foreign investment by the end of 2025. The investment strategy includes the implementation of 81 major projects, along with more than 8,000 small and medium-sized initiatives. The country also plans to mobilize $2bn in grant funding and secure $6bn in financing from international banks.
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