On December 20, Shavkat Mirziyoyev chaired a videoconference meeting dedicated to supporting entrepreneurship in 2024 and plans for 2025.

Hotels

This year, entrepreneurs invested 6.5 trillion UZS to build hotels with 24,000 beds. Next year, the number of beds is expected to increase to 30,000, with investments reaching 10 trillion UZS.

Seventeen large trade and tourism centers were opened this year, with an additional 25 such complexes planned for next year.

According to the president, Uzbekistan will open hotels under 23 renowned international brands, including Swissôtel, Sheraton, Ritz-Carlton, Novotel, Pullman, Marriott, ibis, and Mercure.

Exports and infrastructure

A special company was established to support trade, and $350 million was allocated to finance exports. As a result, entrepreneurs exported $6 worth of products for every $1 invested. An additional $300 million will be allocated next year.

Entrepreneurs purchased 3,000 state-owned properties and 4,000 hectares of land for 11.5 trillion UZS this year to start new business activities. By 2025, they will be offered another 4,500 properties and 6,000 hectares of land.

Private sector involvement in repairing and maintaining roads, previously monopolized by the state, will be expanded. Entrepreneurs were tasked with repairing 260 kilometers of roads this year, and this figure will rise to 3,000 kilometers next year.

Under the "Participatory Budgeting" program, 92% of road repairs were carried out by private contractors. This rate will increase to 100%. Additionally, in cooperation with the Asian Development Bank, 841 kilometers of roads will be built in 86 districts, with all work being done by local contractors.

Taxes

To maintain a favorable business environment, the president emphasized that a stable tax policy will continue into 2025.

Despite the need to fund "vital expenditures," the main tax rates will remain unchanged. Starting January 1, state-owned property and land will be sold without VAT, and the excise tax on mobile communications (10%) will be abolished. This measure was initially planned for 2023.