Tashkent ( WNAM MONITORING): In February 2025, Uzbekistan secured and successfully utilized over US$3 billion in investments, Vice Prime Minister Jamshid Khodjaev announced in an interview with Uzbekistan 24.
According to him, the volume of attracted funds increased by 40% compared to the same period last year, reflecting growing confidence among international partners in the country’s economy.
In the first two months of this year, 14 cities in Uzbekistan managed to attract over US$50 million in investments. However, in more than 10 cities, the results fell significantly short of expectations. In response, the president instructed a thorough analysis of the reasons behind the underperformance and called for accountability among officials responsible for the shortcomings.
Khodjaev emphasized that all regions must intensify their efforts to attract investments, strengthen cooperation with international partners, and offer favorable conditions for business. In February, Uzbek entrepreneurs and local authorities conducted working visits to Malaysia, Indonesia, Kuwait, China, Georgia, Sweden, and other countries. These visits resulted in the signing of 178 promising agreements worth over US$12 billion.
Additionally, more than 40 foreign investors and entrepreneurs from Saudi Arabia, China, France, Turkmenistan, Russia, Germany, Spain, South Korea, Italy, Japan, Vietnam, and other countries visited Uzbekistan. As a result of negotiations, 51 new investment agreements worth US$3.8 billion were signed.
The vice prime minister noted that the focus is not only on signing new agreements but also on ensuring the successful implementation of previously concluded contracts. To achieve this, Uzbekistan is working closely with international trade and economic consultants, investors, and business leaders.
By the end of the first quarter of 2025, Uzbekistan aims to attract and utilize US$8 billion in investments. To meet this goal, the process of securing credit lines from foreign banks is being accelerated, while collaboration with international financial institutions is expanding.
To enhance efficiency in this area, targeted business missions are being organized, and Uzbek companies are actively participating in international exhibitions. In March, particular attention will be given to infrastructure development, support for entrepreneurship, and the integration of modern technologies into the country’s economy.
