Investment surge: $43 billion to drive Uzbekistan's economy in 2025

On December 19, at a meeting chaired by President Shavkat Mirziyoyev, it was announced that $43 billion will be invested in Uzbekistan's economy in 2025. The meeting focused on reviewing the 2024 investment outcomes and setting goals for the upcoming year.

It was noted that since 2017, a total of $188 billion has been invested in the country from various sources, with $87 billion coming from foreign investors. As a result, the share of investments in the gross domestic product (GDP) has surpassed 30%, fostering stable economic growth.

In 2024 alone, the volume of investments increased by 1.3 times, exceeding $36 billion. During this period, 560 large and medium-sized projects worth an additional 70 trillion soums were launched, creating opportunities to increase exports by $1 billion next year.

At the meeting, Minister of Investments, Industry, and Trade Laziz Kudratov outlined the investment strategy for 2025.

"Next year, it is planned to invest $43 billion. Through this, it is expected that more than 300 large projects will be completed, and 662 new products that will replace imports will be produced," said the minister.

He added that work is already underway on 1,890 projects, with specific officials assigned to accelerate their implementation.

Foreign trade issues were also addressed during the meeting. The government's long-term goal is to double Uzbekistan's annual export volume to $45 billion by 2030. To achieve this, the timely launch of investment projects, the production of high-value products, and the expansion of export destinations are crucial.

President Mirziyoyev emphasized the importance of on-site quality control, continuous analysis of progress, and strict oversight to ensure the timely execution of investment plans.