Uzbekistan: Opening Doors for Foreign Capital

In early January, the President of Uzbekistan reviewed the progress made in 2023 and outlined plans for 2024 regarding the implementation of investment policies and the promotion of renewable energy sources. The President acknowledged that foreign investments totaling over $22 billion were received last year, an increase of 1.8 times compared to the previous year. He emphasized the significance of further boosting foreign investment this year.

To ensure continued economic growth in line with the Development Strategy of New Uzbekistan, substantial funds, cutting-edge innovations, technologies, and equipment investments are required. As demonstrated by the experience of many countries, achieving this is only possible in today's world by actively involving foreign investors.

Since gaining independence, Uzbekistan has been striving to demonstrate to investors that investing capital in our country is profitable. However, due to various reasons—both objective and subjective—the actual amount of investment fell short of expectations.