Latest news with #TIIF2025
Euronews
6 days ago
- Business
- Euronews
Uzbekistan is leading efforts to reduce emissions in data centers
At the Tashkent International Investment Forum 2025 (TIFF 2025), green tech and AI-ready infrastructure dominated the conversation, and few projects generated as much buzz as Data Volt's push to build the region's first fully sustainable, high-density data centers. 'We're bringing in the latest technology, especially in cooling', said Rajit Nanda, CEO of Data Volt, outlining how the company is rethinking the fundamentals of digital infrastructure. 'These facilities aren't just built for today – they're built for where AI is heading'. Data Volt's model is deceptively simple: use solar by day, wind by night, and store the rest in powerful battery systems that keep operations running around the clock. What makes it revolutionary is the scale, and the context. 'If we don't start building sustainable data centers now, the industry's carbon footprint could rival that of aviation within a decade', warned Nanda. Data Volt isn't waiting. It has already launched a pilot project worth €185 million in Tashkent's IT Park. Larger facilities are in the pipeline, including a new site in the ancient city of Bukhara expected to attract €2.8 billion, and a third project in New Tashkent, a futuristic smart city being built from the ground up. Altogether, the company plans to invest over €4.6 billion in Uzbekistan over the next five years. What sets Data Volt apart is not just its green credentials, it's how the company is preparing for the next wave of AI. Traditional data centers in the region operate at roughly 10 kilowatts per rack. Data Volt's current designs push that to 100 kilowatts, and upcoming projects aim to reach densities of 1,000 kilowatts per rack – capable of supporting the heaviest AI workloads. 'The world is running out of computer power,' said Nanda. 'As AI becomes part of everyday life, we want to make sure people don't experience buffering or lag like we did in the early days of the internet'. Uzbekistan's digital transformation keeps on surprising many investors. With an action plan full of reforms, a young and tech-savvy population, and increasing openness to foreign investment, the country is fast becoming a testbed for innovation. 'Uzbekistan is transforming', Nanda admitted. 'The local talent pool, especially in energy and digital, makes it a natural candidate to lead the region's digital revolution'. And while the projects are rooted in Central Asia, the vision is global. Data Volt's infrastructure is being designed to serve the world's growing appetite for real-time AI, green computers, and scalable, sustainable tech solutions. The digital future is coming faster than expected. The challenge is building the infrastructure to support it without breaking the planet. At TIIF 2025, one thing was clear: that work has already begun.
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
