Uzbekistan’s mineral wealth valued at $3 trillion, Shavkat Mirziyoyev says
Uzbekistan’s mineral wealth and subsoil resources have an estimated total value of $3 trillion, President Shavkat Mirziyoyev announced at the plenary session of the Fifth Tashkent International Investment Forum. The evaluation comes as the state rolls out an aggressive development strategy to transition from a raw materials exporter into a high-value manufacturing hub.
Addressing international delegates, the president emphasized the global significance of Uzbekistan's strategic reserves, which include substantial deposits of gold, copper, uranium, tungsten, natural gas, and rare earth elements. To fully capitalize on these endowments, the government has launched extensive programs designed to push all major industrial sectors into a new technological phase, focusing heavily on expanding high value-added production chains.
To open these opportunities to international partners, Uzbekistan is building an open digital geology database. The state intends to quadruple the number of mineral deposits put up for competitive bidding via online auctions.
Furthermore, the government is looking to secure foreign capital for its multi-stage projects that cover the full production cycle from raw material extraction to finished goods. A primary vehicle for this effort will be the Future Metals technoparks currently under development in the Tashkent and Samarkand regions, which are being designed to host innovative, high–tech industrial manufacturing enterprises.
Beyond the mining and metallurgy sectors, the president invited international firms to collaborate on a curated portfolio of investment projects worth 20 billion dollars. These initiatives target critical growth drivers within the national economy, such as mechanical engineering, robotics, light industry, construction materials, electrical engineering, and pharmaceuticals.
The state is also moving to diversify its incoming capital streams by initiating a dedicated sovereign Islamic bonds program, known as sukuk. To reassure international enterprises looking to commit assets to these programs, Mirziyoyev pledged that the government will continue to systematically strengthen its legal guarantee framework to insulate foreign investments from regulatory risks.
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