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Business Wire
3 days ago
- Business
- Business Wire
IV Tashkent International Investment Forum Highlights Uzbekistan's Economic Growth and Potential
TASHKENT, Uzbekistan--(BUSINESS WIRE)-- The IV Tashkent International Investment Forum (TIIF) officially opened in Uzbekistan's capital, marking a key event in the regional investment agenda. In his opening address, President Shavkat Mirziyoyev positioned Uzbekistan as a dynamic hub for sustainable investment, calling for stronger global cooperation and outlining the country's ambitious reform agenda focused on green energy, digital transformation, financial innovation and the strategic development of critical minerals. In 2025, the forum is being held on an unprecedented scale, with investment projects across strategically important sectors such as energy, infrastructure, agriculture, mining, digital technologies and more presented to the international community. TIIF serves as an effective platform for strengthening international economic cooperation. This year, the forum has gathered more than 8,000 delegates, including nearly 3,000 international guests from almost 100 countries. It is attended by such prominent figures as Bulgaria's President Rumen Radev, Slovakia's Prime Minister Robert Fico, Kazakhstan's Prime Minister Olzhas Bektenov, Kyrgyztan's Cabinet of Ministers Chairman Adilbek Kasymaliev, Tajikistan's Prime Minister Kokhir Rasulzoda, Azerbaijan's Prime Minister Ali Asadov, Turkmenistan's Cabinet of Ministers Deputy Chairman Nokerguly Ataguliyev, as well as the heads of major financial institutions including Odile Renaud-Basso, President of the European Bank for Reconstruction and Development, and Dilma Rousseff, President of the New Development Bank. A key highlight of the forum is the First National Exhibition of Uzbekistan's Industrial and Investment Potential, featuring 90 companies from more than 10 fast-growing sectors, including petrochemicals, engineering, construction, and food processing. The exhibition offers a unique opportunity for investors to gain a comprehensive understanding of Uzbekistan's potential and investment-ready projects. In his opening address, Uzbekistan's President Shavkat Mirziyoyev outlined four strategic priorities: the transition to a green economy, the rise of digital technologies and artificial intelligence, the modernization of the financial sector, and the growing global demand for technological minerals. 'We have all necessary capabilities to transform our region into a hub for the production of high value-added goods from minerals. In this regard, we are constructing "Metals of the Future" techno parks in the Tashkent and Samarkand regions,' President Mirziyoyev said. Uzbekistan's president put forward an initiative: investors implementing full-cycle operations – from geological exploration to the production of finished goods – will be granted a rent tax refund for 10 years. Addressing guests of the forum, President Mirziyoyev noted that Uzbekistan's gross domestic product has doubled over the past eight years and the volume of Uzbekistan's trade with its neighbours has increased by more than 3.5 times. 'We propose promoting the 'Concept of an Integrated Region for Investment and Trade' in Central Asia. In this regard, I would like to reach out to international organisations with the following message: the time has come to establish new financial mechanisms to support regional projects. By working together, we can transform Central Asia into a place of peace and prosperity,' President Mirziyoyev said. The opening of TIIF was complemented by a FIFA World Cup qualifier between Uzbekistan and Qatar, attended by President Mirziyoyev alongside President Rumen Radev of Bulgaria and Prime Minister Robert Fico of Slovakia. The match ended with a 3-0 victory for the Uzbekistan's national team, securing the country's first-ever qualification for the FIFA World Cup. By finishing second in its group standings, the team guaranteed its place in the tournament, which will be held next year in Canada, Mexico and the United States.
Yahoo
3 days ago
- Business
- Yahoo
IV Tashkent International Investment Forum Highlights Uzbekistan's Economic Growth and Potential
TASHKENT, Uzbekistan, June 12, 2025--(BUSINESS WIRE)--The IV Tashkent International Investment Forum (TIIF) officially opened in Uzbekistan's capital, marking a key event in the regional investment agenda. In his opening address, President Shavkat Mirziyoyev positioned Uzbekistan as a dynamic hub for sustainable investment, calling for stronger global cooperation and outlining the country's ambitious reform agenda focused on green energy, digital transformation, financial innovation and the strategic development of critical minerals. In 2025, the forum is being held on an unprecedented scale, with investment projects across strategically important sectors such as energy, infrastructure, agriculture, mining, digital technologies and more presented to the international community. TIIF serves as an effective platform for strengthening international economic cooperation. This year, the forum has gathered more than 8,000 delegates, including nearly 3,000 international guests from almost 100 countries. It is attended by such prominent figures as Bulgaria's President Rumen Radev, Slovakia's Prime Minister Robert Fico, Kazakhstan's Prime Minister Olzhas Bektenov, Kyrgyztan's Cabinet of Ministers Chairman Adilbek Kasymaliev, Tajikistan's Prime Minister Kokhir Rasulzoda, Azerbaijan's Prime Minister Ali Asadov, Turkmenistan's Cabinet of Ministers Deputy Chairman Nokerguly Ataguliyev, as well as the heads of major financial institutions including Odile Renaud-Basso, President of the European Bank for Reconstruction and Development, and Dilma Rousseff, President of the New Development Bank. A key highlight of the forum is the First National Exhibition of Uzbekistan's Industrial and Investment Potential, featuring 90 companies from more than 10 fast-growing sectors, including petrochemicals, engineering, construction, and food processing. The exhibition offers a unique opportunity for investors to gain a comprehensive understanding of Uzbekistan's potential and investment-ready projects. In his opening address, Uzbekistan's President Shavkat Mirziyoyev outlined four strategic priorities: the transition to a green economy, the rise of digital technologies and artificial intelligence, the modernization of the financial sector, and the growing global demand for technological minerals. "We have all necessary capabilities to transform our region into a hub for the production of high value-added goods from minerals. In this regard, we are constructing "Metals of the Future" techno parks in the Tashkent and Samarkand regions," President Mirziyoyev said. Uzbekistan's president put forward an initiative: investors implementing full-cycle operations – from geological exploration to the production of finished goods – will be granted a rent tax refund for 10 years. Addressing guests of the forum, President Mirziyoyev noted that Uzbekistan's gross domestic product has doubled over the past eight years and the volume of Uzbekistan's trade with its neighbours has increased by more than 3.5 times. "We propose promoting the 'Concept of an Integrated Region for Investment and Trade' in Central Asia. In this regard, I would like to reach out to international organisations with the following message: the time has come to establish new financial mechanisms to support regional projects. By working together, we can transform Central Asia into a place of peace and prosperity," President Mirziyoyev said. The opening of TIIF was complemented by a FIFA World Cup qualifier between Uzbekistan and Qatar, attended by President Mirziyoyev alongside President Rumen Radev of Bulgaria and Prime Minister Robert Fico of Slovakia. The match ended with a 3-0 victory for the Uzbekistan's national team, securing the country's first-ever qualification for the FIFA World Cup. By finishing second in its group standings, the team guaranteed its place in the tournament, which will be held next year in Canada, Mexico and the United States. View source version on Contacts Press : Charles de Beistegui - Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-04-2025
- Business
- Yahoo
Fourth Tashkent International Investment Forum launched as Uzbekistan continues FDI drive
With Uzbekistan's economy nearly doubling with 6% GDP growth in 2023 and over $90 billion in foreign investments have been attracted, TIIF 2024 is set to drive further deals and investment. TASHKENT, Uzbekistan, April 3, 2025 /CNW/ -- The Ministry of Investment, Industry, and Trade of the Republic of Uzbekistan (MIIT) have announced the fourth annual Tashkent International Investment Forum (TIIF), Uzbekistan's most significant international economic event, will be taking place at the Central Asian Expo (CAEx) Uzbekistan from 10-12 June 2025. Laziz Kudratov, Minister of Investment, Industry, and Trade of the Republic of Uzbekistan, highlighted the country's strengthening position as a dynamically developing investment hub in Central Asia. "The government is taking decisive steps to improve Uzbekistan's investment and business climate, removing all barriers," he stated. Over 3,000 participants from more than 75 different countries are expected to travel to Tashkent for TIIF 2025. Many of the participants are major investors, financial institutions, policymakers, economists, corporate leaders, experts in sustainability, innovation, and digital transformation. During the announcement, Minister Kudratov spoke about the promising progress Uzbekistan is making noting that the economy has nearly doubled in recent years, with 6% GDP growth in 2023. Trade turnover continues to grow steadily, and over $90 billion in foreign investments have been attracted. Minister Kudratov said: "TIIF-2025 is not just a forum—it's a real tool for attracting investments, forging strategic partnerships, and discussing global economic trends. We invite all interested parties to join this landmark event." What to expect from TIIF 2025 This year's program will focus on strategic sectors, investment opportunities, legislative reforms and business climate improvements. Selected participants will also be invited to a plenary session with Shavkat Mirziyoyev, President of Uzbekistan. TIIF 2025 will be focused on a number of key topics which will give participants the opportunity to listen to industry leaders on the below: SMEs as the engine of economic growth Industrial progress: automotive, electrical engineering, machinery Water resource management challenges and innovations Investor protection and legal system modernisation Fintech and e-commerce development Green energy and sustainable development Privatisation and investment reforms Urban development and infrastructure modernisation Textile and chemical industry value chains Digitalisation and AI as new business frontiers Through comprehensive reforms, and a favourable business environment, Uzbekistan is seeing real progress. The "Uzbekistan-2030" Strategy is accelerating to support the economic development of the country. By 2030, Uzbekistan's GDP is projected to reach $200 billion. The previous TIIF in 2024 brought together 2,500+ participants and a record $26.6 billion in agreements were signed, demonstrating Uzbekistan's high investment appeal. TIIF is an internationally recognised space that platforms the high-growth potential of Uzbekistan and other Central Asian markets. To register for the 2025 Forum, visit Photo - View original content to download multimedia: SOURCE Tashkent International Investment Forum View original content to download multimedia: Sign in to access your portfolio
