The number of enterprises with foreign capital in Uzbekistan has surpassed 16,000, reaching a total of 16,007 as of May 1, 2025, according to a report from the National Statistics Committee. Over the past year, the number of such companies has grown by 1,529, or 10.6%, marking an increase in foreign investment activity in the country.
This total includes 4,043 joint ventures and 11,964 subsidiaries of foreign companies, reflecting the growing interest of international investors in Uzbekistan’s economy.
In the last five years, the number of enterprises with foreign investment has grown by 1.3 times, while the proportion of enterprises that are fully foreign-owned has risen from 53.2% to 74.7%.
China continues to hold the top position in terms of investor activity. By the end of April, the number of companies with Chinese investment in Uzbekistan reached 3,880, an increase of 169 from the previous month.
In comparison, Russia saw a much smaller rise in its investments, with only 18 new companies, bringing the total number of Russian-invested enterprises to 3,051. Notably, Russia holds a significant share in joint ventures, with 905 such enterprises, accounting for nearly a quarter of the total joint ventures in the country. China, by contrast, has 605 joint ventures.
Turkey remains in third place with 1,964 foreign-invested companies, adding 22 new firms in April. Kazakhstan follows closely with 1,114 firms, having experienced a modest increase of 32 companies last month.
Afghanistan has strengthened its position in the fifth spot with the addition of five new companies, bringing the total number of Afghan-invested enterprises to 677. South Korea comes in sixth with 665 companies, adding two more in April.
The number of companies with investors from the UAE remained stable at 352, while Tajikistan is closing in, with 343 companies, including at least 14 new firms opened in April. India and the United States have 320 and 317 companies, respectively, with slight increases in the number of firms from these countries.
The most popular sector among foreign investors remains trade, with 5,791 companies operating in this area. The industrial sector follows with 3,341 firms. When considering only joint ventures, the manufacturing sector stands out with 1,357 joint ventures, highlighting the increasing interest in Uzbekistan’s industrial capabilities.
Additionally, as of May 1, 2025, there are 446,900 enterprises and organizations operating in the republic, with 377,800, or 84.5%, classified as small enterprises and microfirms.
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