{"id":1145,"date":"2026-07-19T12:03:17","date_gmt":"2026-07-19T12:03:17","guid":{"rendered":"https:\/\/hepaoffice.uz\/?p=1145"},"modified":"2026-07-19T12:03:17","modified_gmt":"2026-07-19T12:03:17","slug":"tashkent-international-investment-forum-ends-with-e37-6bn-in-deals","status":"publish","type":"post","link":"https:\/\/hepaoffice.uz\/hu\/tashkent-international-investment-forum-ends-with-e37-6bn-in-deals\/","title":{"rendered":"Tashkent International Investment Forum ends with \u20ac37.6bn in deals"},"content":{"rendered":"
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More than 10,000 participants, including delegates from 102 countries, examined market access, transport links, green power, digital exports and the policies needed to turn commitments into operating projects.<\/h2>\n\n\n\n

The fifth edition of the Tashkent International Investment Forum<\/strong><\/a>ended with 166 signed agreements worth $43.1bn (\u20ac37.6bn), including 139 new projects valued at $31.8bn (\u20ac27.7bn), according to figures released after the event.<\/p>\n\n\n\n

More than 10,000 participants registered for the three-day gathering, including 3,802 foreign delegates from 102 countries. The figures show the forum\u2019s international reach. The next stage is financing and implementation.<\/p>\n\n\n\n

Uzbek President Shavkat Mirziyoyev said the country\u2019s investment policy was intended to deliver more than an inflow of foreign capital.<\/p>\n\n\n\n

\u201cFor us, investment is far more than a source of capital. It is a catalyst for advanced technologies, modern knowledge and expertise, new jobs and development that keeps pace with the demands of a rapidly changing world,\u201d he told participants.<\/p>\n\n\n\n

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Reforms face a market test<\/h2>\n\n\n\n

Investors interviewed by Euronews repeatedly linked future capital flows to the durability of Uzbekistan\u2019s reform programme.<\/p>\n\n\n\n

\u201cThe reform agenda needs track record. You can\u2019t change things overnight. People need the evidence to see it. But we\u2019ve now had many years of evidence,\u201d said Julia Hoggett, chief executive of the London Stock Exchange.<\/p>\n\n\n\n

One early indication came through the dual listing of Uzbekistan\u2019s National Investment Fund (UzNIF) in London and Tashkent. The fund holds stakes in 13 state-owned companies. Its offer attracted demand of more than $2.8bn (\u20ac2.44bn) and raised nearly $700mn (\u20ac610mn).<\/p>\n\n\n\n

Franklin Templeton manages UzNIF and was directly involved in bringing the fund to the London and Tashkent stock exchanges.<\/p>\n\n\n\n

Marius Dan, the firm\u2019s CEO for Central Asia, said the listing could become an early step in the development of a broader domestic capital market.<\/p>\n\n\n\n

\u201cFive years from now, we\u2019ll be sitting here looking back and the entire capital market will look completely different,\u201d he said, predicting more listed companies, greater liquidity and increased participation by foreign institutional investors.<\/p>\n\n\n\n

Further growth will also depend on whether investors can move their capital and profits freely. The government says reforms introduced since 2017 have reduced taxes and removed restrictions on currency conversion and the transfer of profits abroad.<\/p>\n\n\n\n

\u201cAny investor can come, can invest, and get their revenues out of the country within one day,\u201d said Uzbekistan\u2019s Minister of Investment, Industry and Trade, Laziz Kudratov.<\/p>\n\n\n\n

Diplomacy and US corporate presence<\/h2>\n\n\n\n

The forum coincided with visits by German President Frank-Walter Steinmeier and Albanian President Bajram Begaj, alongside prime ministers and senior officials from across Central Asia and neighbouring states.<\/p>\n\n\n\n

A US-Uzbekistan business forum brought together representatives of 193 American companies. Executives from Boeing, Visa, JPMorgan, Meta, Air Products and Franklin Templeton also held talks with the Uzbek government.<\/p>\n\n\n\n

The meetings placed trade, transport, energy and regional cooperation alongside capital-market reform on the forum\u2019s agenda.<\/p>\n\n\n\n

From distance to connections<\/h2>\n\n\n\n

For years, many investors viewed Central Asia mainly through its distance from major markets. New railways, energy links and transport corridors are intended to create additional routes towards Europe, Asia and southern seaports.<\/p>\n\n\n\n

The China\u2013Kyrgyzstan\u2013Uzbekistan railway, the Middle Corridor across the Caspian Sea and the proposed Trans-Afghan route are among the projects intended to improve the landlocked region\u2019s access to international markets.<\/p>\n\n\n\n

Uzbekistan also expects better connectivity to support tourism.<\/p>\n\n\n\n

\u201cWe aim to increase visitor spending and expand opportunities for higher-value tourism,\u201d said Abdulaziz Akkulov, chairman of the country\u2019s Tourism Committee.<\/p>\n\n\n\n

Development banks are also reassessing Central Asia\u2019s growth prospects.<\/p>\n\n\n\n

\u201cCentral Asia is nowadays one of the most impressive regions in terms of economic growth,\u201d said Marek Mora, vice-president of the European Investment Bank.<\/p>\n\n\n\n

\u201cI think it\u2019s only a question of time before people start talking about the Central Asian Tigers.\u201d<\/p>\n\n\n\n

Digital exports, energy and resources<\/h2>\n\n\n\n

Uzbekistan is seeking to convert faster growth and stronger connections into exports and higher-value industries.<\/p>\n\n\n\n

Digital Technologies Minister Sherzod Shermatov said annual IT exports had risen from less than $1mn (\u20ac871,200) in 2017 to $1bn (\u20ac872mn) last year.<\/p>\n\n\n\n

The government also plans to raise the share of green power to 54% of electricity generation and attract investment in grids, storage, artificial intelligence and data centres.<\/p>\n\n\n\n

Rajit Nanda, CEO of DataVolt, said capital, energy and talent were all essential to the successful adoption of AI.<\/p>\n\n\n\n

The Uzbek government estimates the value of the country\u2019s mineral wealth at $3tn (\u20ac2.62tn), including gold, copper, uranium and other strategic materials.<\/p>\n\n\n\n

Mark Robinson, executive director of the Extractive Industries Transparency Initiative, cautioned that resource wealth did not automatically produce broader prosperity.<\/p>\n\n\n\n

\u201cCountries need to translate that resource wealth into long-term benefits,\u201d he said.<\/p>\n\n\n\n

Investors enter the policy process<\/h2>\n\n\n\n

Domestic confidence can also influence how international investors assess the country.<\/p>\n\n\n\n

\u201cThe moment your own population starts to believe it\u2019s safe to invest, to expand businesses here, this is the most potent message to the rest of the world,\u201d said EU Special Representative for Central Asia Eduards Stiprais.<\/p>\n\n\n\n

Foreign investors are also being given a formal channel to propose policy changes. The Foreign Investors Council now includes 85 companies from 19 countries and 23 sectors. Its work has produced 21 initiatives and eight regulatory acts, according to final forum figures.<\/p>\n\n\n\n

The government says 120 new recommendations covering banking, energy, AI, capital markets and corporate governance will be incorporated into a formal reform roadmap. Implementation will be monitored, with progress reported directly to President Shavkat Mirziyoyev.<\/p>\n\n\n\n

Source: https:\/\/www.euronews.com\/2026\/06\/26\/tashkent-international-investment-forum-ends-with-376bn-in-deals<\/a><\/p>","protected":false},"excerpt":{"rendered":"

More than 10,000 participants, including delegates from 102 countries, examined market access, transport links, green power, digital exports and the policies needed to turn commitments into operating projects. The fifth edition of the Tashkent International Investment Forumended with 166 signed agreements worth $43.1bn (\u20ac37.6bn), including 139 new projects valued at $31.8bn (\u20ac27.7bn), according to figures released […]<\/p>\n","protected":false},"author":1,"featured_media":1146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hepaoffice.uz\/hu\/wp-json\/wp\/v2\/posts\/1145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hepaoffice.uz\/hu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hepaoffice.uz\/hu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hepaoffice.uz\/hu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hepaoffice.uz\/hu\/wp-json\/wp\/v2\/comments?post=1145"}],"version-history":[{"count":1,"href":"https:\/\/hepaoffice.uz\/hu\/wp-json\/wp\/v2\/posts\/1145\/revisions"}],"predecessor-version":[{"id":1150,"href":"https:\/\/hepaoffice.uz\/hu\/wp-json\/wp\/v2\/posts\/1145\/revisions\/1150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hepaoffice.uz\/hu\/wp-json\/wp\/v2\/media\/1146"}],"wp:attachment":[{"href":"https:\/\/hepaoffice.uz\/hu\/wp-json\/wp\/v2\/media?parent=1145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hepaoffice.uz\/hu\/wp-json\/wp\/v2\/categories?post=1145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hepaoffice.uz\/hu\/wp-json\/wp\/v2\/tags?post=1145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}