In recent years, Uzbekistan has seen a rapid increase in foreign investment due to the large-scale government reform that began in 2017. At the 3rd Tashkent International Investment Forum, participants from more than 90 countries discussed business opportunities and promoted the country’s attractiveness to investors.
advertisementUzbekistan has become a hub for foreign investment in recent years, thanks to significant government reforms that began in 2017. The 3rd Tashkent International Investment Forum highlighted the country’s increasing attractiveness for global investors. Participants from more than 90 countries came together to discuss business prospects and sign contracts worth billions of dollars.
Prominent figures such as Marco Arceri, CEO of ACWA Power, praised Uzbekistan’s rapid decarbonization efforts, saying the country’s ambitious policies were a catalyst for investment. .
ACWA Power further strengthened its commitment by signing a $4.85 billion power purchase agreement (PPA) for Central Asia’s largest wind farm. Sabrina Sousan, CEO of SUEZ, highlighted the company’s initial investment in Uzbekistan and highlighted the potential of water resources projects in the country.
As mentioned by Marc Girard, Senior Vice President for Europe and Central Asia, the liberalization of market access since 2017 has increased the interest of multinationals like EDF. Girard highlighted Uzbekistan’s private investment capabilities and identified hydropower projects as a strategic focus.
Spokesperson for the President of Uzbekistan, Sherzod Asadov, underlined the diverse geography of foreign investment in the country and emphasized the government’s interest in attracting knowledge-based investments, especially from the EU. As Uzbekistan moves towards WTO membership, European companies are increasingly eyeing opportunities within its borders.
World Bank Central Asia Regional Director Tatyana Proskryakova praised Uzbekistan’s stable government and reform efforts. He outlined the country’s growth potential and highlighted future opportunities for privatization, particularly in the state-owned enterprise sector.
With its dynamic reforms, commitment to sustainability, and strategic geographical location, Uzbekistan is emerging as a beacon for global investors seeking new frontiers for growth and development.
