In 2025, nearly $4.5bn worth of public-private partnership (PPP) projects have been launched in road construction, transport, energy, water supply, irrigation, and other sectors, reflecting Uzbekistan’s commitment to expanding collaboration with international investors.
The announcement was made during the third plenary session of the Foreign Investors Council, held on June 11 at the International Congress Center in Tashkent and chaired by President Shavkat Mirziyoyev. The event gathered key stakeholders from global financial institutions, multinational corporations, and government agencies.
In his address, President Mirziyoyev emphasized the importance of turning dialogue into action and deepening practical partnerships to support Uzbekistan’s ongoing transformation.
The Foreign Investors Council serves as a consultative body to guide investment, industrial, technological, and innovative development in Uzbekistan.
This year’s meeting featured participation from the European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC), Asian Development Bank (ADB), Islamic Development Bank (IsDB), and leading companies including Masdar, ACWA Power, Boeing, Meta, SpaceX, Veon, and John Deere.
President Odile Renaud-Basso of the EBRD noted that Uzbekistan had become the bank’s largest partner in the region, with nearly $1bn invested in 2024.
Additionally, the volume of joint projects between international financial institutions and private companies now exceeds $1bn, stressing a growing synergy between public and private sectors.
Foreign companies are playing a vital role in advancing Uzbekistan’s green agenda. ACWA Power, Masdar, Linde, Shanghai Renewable Energy, and Total Energies are investing more than $8bn in renewable energy, including green hydrogen production and electricity storage.
In the digital sector, DataVolt is constructing the region’s largest green data center, while Veon is developing an AI-powered mobile super app, both contributing to the digital transformation of the Uzbek economy.
President Mirziyoyev assured investors that basic tax rates for businesses will remain unchanged until 2028, providing policy stability. International firms such as Ernst & Young, Dentons, Knauf, and TBC contributed recommendations to align national legislation with global standards, resulting in over 10 new laws, decrees, and resolutions.
Over the past two years, Uzbekistan has registered 5,500 new enterprises with foreign capital, bringing the total to 16,000.
More than 40 proposals from foreign partners were considered in preparation for the Council meeting. These included calls to stabilize tax legislation, expand direct-application laws, and boost private sector participation in infrastructure.
To support these efforts, new working groups will be formed to improve legal frameworks on collateral, tax administration, human capital development, and corporate governance. There was also a proposal to reorganize the Council’s Secretariat as an independent legal entity to enhance its operational capacity.
Council members praised Uzbekistan’s reform program and reaffirmed their commitment to long-term investment. President Mirziyoyev concluded the session by expressing gratitude for the growing partnership and emphasized the importance of translating proposals into real results.
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