Uzbekistan plans to attract $43 billion in investments in 2025

On December 19, President Shavkat Mirziyoyev held a meeting to assess the outcomes of 2024’s investment activities and to discuss objectives for the upcoming year.

Photo: Presidential press service

Since 2017, a total of $188 billion has been invested in Uzbekistan’s economy from all sources, with $87 billion of that coming from foreign investors. As a result, the share of investments in the Gross Domestic Product (GDP) has surpassed 30%, creating a solid foundation for sustained economic growth.

This year, the volume of investments in the economy grew by 1.3 times, exceeding $36 billion. This has led to the launch of 560 major and medium-sized projects, with a combined value of 70 trillion UZS. Additionally, an opportunity to boost exports by another $1 billion has emerged for the coming year.

There is significant potential to further increase these results by capitalizing on sector-specific and regional opportunities.

During the meeting, the Minister of Investments, Industry, and Trade presented plans for 2025.

Next year, the government aims to attract $43 billion in investments, which will fund the completion of over 300 major projects and the production of 662 new import-substituting products.

The president emphasized the need for targeted cooperation with foreign investors, the creation of even more favorable conditions, and ensuring the full implementation of all agreements at the highest standards.

Currently, there are 1,890 ongoing projects, and officials have been assigned to expedite their execution.

The meeting also addressed external trade matters.

In light of the challenging global situation, achieving these objectives will not be easy. Export logistics chains are becoming increasingly complex, and the supply of finished products in key export markets is shrinking.

In this context, it is crucial to fully mobilize internal resources and accelerate the pace of economic development.

The goal is to double the country’s annual export volume by 2030, reaching $45 billion. Achieving this will require timely implementation of investment projects, increased production of high-value goods and services, and the expansion of export markets.

Authorities have been tasked with continuously monitoring progress and ensuring that work is efficiently organized at the regional level.

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