President Mirziyoyev presses officials to turn $43 billion in TIIF deals into economic results

The online session, which originally gathered senior officials to review current progress and future strategic priorities within the national construction materials sector, opened with an analysis of the Fifth Tashkent International Investment Forum. The high-profile economic event concluded with foreign partners signing 177 comprehensive agreements valued at an aggregate $43 billion.

Addressing ministry heads and regional leaders, the president issued strict directives ordering the immediate drafting of administrative solutions to address 120 specific proposals and structural concerns raised directly by international investors during the forum. The president warned that industrial sector managers and regional governors must fundamentally change their operational approaches toward managing inbound capital, focusing heavily on investment quality and long-term economic efficiency rather than raw numbers.

The president highlighted severe structural imbalances in how foreign capital is utilized across the country, noting that half of all investments recorded in Uzbekistan over the past five years were directed into just four specific territories. Furthermore, the economic return generated by these funds varies drastically depending on the administrative region.

To illustrate the gap, the president provided a localized breakdown of how UZS 1,000,000 in investment translates into regional gross domestic product. In Fergana region, it generates an additional UZS 273,000 in value-added output, and in Samarkand region, it yields UZS 262,000. However, in Bukhara region, the exact same amount of capital yields a mere UZS 117,000 – a performance rate that is more than two times lower than other parts of the country.

The review of these regional discrepancies follows recent macroeconomic data showing that Chinese enterprises continue to hold the largest share of foreign direct investment flowing into Uzbekistan. Concurrently, capital inflows originating from countries in the Middle East, the United States, and the European Union are registering the fastest year-over-year growth rates.