Uzbekistan to Privatize Shares in 49 State-Owned Enterprises on Global Market
Uzbekistan Sets Ambitious Goals to Attract Foreign Investment
In the first quarter of 2025, Uzbekistan successfully attracted $8.6 billion in investments, signaling a strong start to the year in terms of foreign capital inflows. This achievement is part of a larger initiative by the government to boost the country’s economy through increased investment and project implementation.
Recently, President Shavkat Mirziyoyev convened a meeting to discuss ways to enhance the country’s tourism potential and accelerate investment projects. During the meeting, it was revealed that agreements totaling $39 billion had been reached during state visits to the UAE, Malaysia, Kuwait, and France. Additionally, the European Union announced a substantial €12 billion allocation for Central Asian countries, further bolstering Uzbekistan’s prospects for economic growth.
Looking ahead, Uzbekistan has set an ambitious goal to attract $42 billion in foreign investment in 2025. This includes securing funds through international financial institutions, launching major projects, implementing numerous small and medium-sized initiatives, and obtaining grant funding. To achieve this target, the government is also planning to collaborate with commercial banks to raise additional financial resources.
Despite the success in attracting investments, President Mirziyoyev emphasized the need for government officials to actively engage with potential investors and avoid bureaucratic hurdles that may deter investment. The president highlighted the importance of building strong relationships with foreign partners and learning from successful investment models in countries like China, Russia, and Malaysia.
In line with this strategy, Uzbekistan recently hosted an Investor Day in London, which resulted in agreements to attract $2.77 billion in investments. Similar events are planned in major financial centers around the world to showcase the country’s investment opportunities and attract more capital.
Furthermore, the government is preparing to privatize state-owned enterprises by issuing Eurobonds and launching initial public offerings. Additionally, shares in 49 companies will be sold on the international market as part of the privatization drive. To facilitate these efforts, international investment forums are scheduled to take place in various regions, providing a platform for ministers and governors to present project portfolios to potential investors.
Overall, Uzbekistan’s proactive approach to attracting foreign investment and promoting economic growth is positioning the country as an attractive destination for investors looking to capitalize on emerging opportunities in Central Asia. With a strong commitment to reform and development, Uzbekistan is poised to achieve its ambitious investment targets in the coming years.
