Uzbekistan sees 1.4-fold growth in foreign-invested businesses over five years

Of these, 4,365 are joint ventures, while 14,405 are wholly foreign-owned enterprises.

Over the past five years, the number of companies with foreign investment has increased 1.4 times, with the share of wholly foreign-owned businesses rising from 55.2 percent to 76.7 percent.

The top ten countries by the number of foreign-invested companies in Uzbekistan are:

• China – 5,257 companies
• Russia – 3,214 companies
• Turkey – 2,173 companies
• Kazakhstan – 1,232 companies
• South Korea – 709 companies
• Afghanistan – 653 companies
• Azerbaijan – 430 companies
• United Arab Emirates – 421 companies
• Tajikistan – 420 companies
• India – 397 companies

The data shows a steady growth in Uzbekistan’s attractiveness to foreign investors, particularly in wholly foreign-owned ventures.