Uzbekistan Secures $140 Billion in Investments, Targets $50 Billion More in 2024
Uzbekistan has secured $140 billion in investment agreements and aims to attract an additional $50 billion in 2024, as announced by President Shavkat Mirziyoyev. The country plans to implement an innovation-driven growth model, launching 782 new projects worth $52 billion by 2026, while enhancing requirements for foreign investors to include technology transfer and local training. Additionally, the IT sector is targeting $5 billion in exports by 2030, supported by the establishment of data centers and AI labs.
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Uzbekistan has signed investment agreements totaling $140 billion and aims to attract an additional $50 billion in 2024, according to President Shavkat Mirziyoyev. He emphasized the need for an innovation-driven growth model across all sectors to expand the economy to $240 billion by 2030.
New requirements for foreign investors include technology transfer, export growth, and local personnel training. Strategic investors will have easier access to resources and land at market value, with a single electronic platform for document processing.
The country plans to launch 782 new projects worth $52 billion by 2026, including expansions in mining and a $2.7 billion copper cathode complex. The IT sector aims for $5 billion in exports by 2030 with the establishment of data centers and AI labs. Local companies will also be permitted to issue foreign-currency bonds, with international market entry expected to attract an additional $1 billion.
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