Tashkent Breaking Records in Investment and Exports: New Moves from Uzbekistan’s Leader
Tashkent Breaking Records in Investment and Exports: New Moves from Uzbekistan’s Leader
Uzbekistan’s Tashkent region is experiencing an economic breakthrough with billions of dollars in investments and record export figures. The newly launched projects and employment targets are turning the region into the country’s growth engine.
Uzbekistan’s Tashkent region has achieved remarkable success in recent years in attracting investment and increasing its export capacity. According to reports presented to President Shavkat Mirziyoyev of Uzbekistan, over the past eight years, the region has received $10 billion in regional and $8 billion in sectoral investments. Thanks to these investments, about one thousand new industrial, commercial, and service enterprises have been established.
Rising Exports and Growing Companies
Over the past three years, the number of enterprises with an annual turnover exceeding 10 billion Uzbek soums (USD 800,000) has increased 1.8 times, reaching 1,700. The number of companies with a turnover of more than 100 billion Uzbek soums (USD 8 million) rose from 137 to 193. This growth has also propelled Tashkent region’s exports to record levels. Previously, the region’s annual exports had not even reached USD 1 billion, but this year it has surpassed that threshold.
Major Projects and Employment Targets
In the region, large industrial parks worth USD 2.1 billion are being established with the support of foreign investors. At the instruction of Mirziyoyev, a new program with a budget of 40 trillion Uzbek soums (USD 3.2 billion) for 2025–2027 has been launched. These plans aim to reduce unemployment and poverty rates to 4.5 percent by the end of the year.
As part of this, two new transformer substations will be built in the cities of Nurafshan, Almalyk, and Chirchik to support foreign-invested industrial enterprises. In Bekabad, production of import-substituting automobile parts will be launched, while food and textile factories will be established in Akkurgan. Along the Karasu Canal, tourist and shopping complexes will also be developed.
In total, a USD 2.5 billion investment project has been designed for the region. These projects aim to provide employment for more than 11,000 people and create an additional export potential of USD 434 million. President Mirziyoyev has instructed that all available resources be mobilized to create neighborhoods free of poverty and unemployment.