Following the third Tashkent International Investment Forum, agreements worth $26.6 billion were reported by the press service of the Ministry of Investments, Industry and Trade.
In 2023, 167 documents amounting to $11 billion were signed, while in 2022, agreements totaled $7.8 billion.
Major investment projects anticipated for realization include:
- Data Volt, a Saudi Arabian company, plans to be engaged in the construction of urban infrastructure in New Tashkent worth $1 billion, and establish a data center based on green technologies for $3 billion.
- Acwa Power, also from Saudi Arabia, intends to construct a 5 gigawatts wind farm in Karakalpakstan and establish a 2 gigawatts electricity storage facility, totaling $6.2 billion.
- Amea Power, based in the UAE, will build a 1,000 megawatts wind farm in Karakalpakstan for $1.1 billion.
- Saudi Tabrid, from Saudi Arabia, is to modernize the heat supply system in Nukus, Fergana, and Quvasoy for $750 million.
- Nil Shugar, from Egypt, will be engaged in sugar beet cultivation and sugar production in the Jizzakh region for $500 million.
- Shanghai Knud International, a Chinese company, plans to implement a project on production of textile and garment products in the Namangan region for $205 million.
- Wilmar International, a company from Singapore, intends to produce food and confectionery in the Tashkent region for $200 million.
Furthermore, agreements were reached with companies such as Orascom Investment (Egypt), Bonafarm Group (Hungary), Sayar (USA), Goldwind, Sinoma (China), Sam Yapi (Turkey), Pasha Development (Azerbaijan), Lasselsberger (Austria), and Petrosat Chexelsoton (Iran) for the implementation of new investment projects totaling $6.6 billion.
The event attracted over 2,500 participants from 93 countries.
A highlight of the forum was the presentation of regional energy projects, including the construction of Kambarata Hydroelectric Power Plant (HPP-1) and Javan HPP, to foreign investors, with the participation of the prime ministers of Uzbekistan and Kyrgyzstan.
The forum featured panel sessions, discussions, business breakfasts, and roundtable sessions, with a focus on the roles of government, investors, and entrepreneurs in supporting small and medium-sized businesses.
On 2 May, the first day of the Tashkent International Investment Forum, Shavkat Mirziyoyev outlined planned measures to enhance investor rights protection in Uzbekistan, including the adoption of a new version of the law “On Investments” in line with WTO standards, establishment of an International Commercial Court, and doubling the land lease term for foreign investors.
The head of state encouraged investors to join international projects involving Uzbekistan.
