Uzbekistan Draws $43.1 Billion in 2025 Investment as FDI Reaches $38.2 Billion
Updated
Updated · Times of Central Asia · Jun 18
Uzbekistan Draws $43.1 Billion in 2025 Investment as FDI Reaches $38.2 Billion
2 articles · Updated · Times of Central Asia · Jun 18
Summary
$43.1 billion of investment was implemented in Uzbekistan in 2025, up 24% from a year earlier, with foreign direct investment contributing $38.2 billion and international financial institutions $4.9 billion.
$32.9 billion of accumulated investment from Eurasian countries, China, the Gulf and Turkey in 2025 was 2.6 times the 2020 level, underscoring Uzbekistan’s rise as one of Eurasia’s most active investment destinations.
China remained the largest investor at $10.7 billion, mostly in solar and wind power, while Gulf investment grew fastest—nearly 19-fold to $8.3 billion—with about 90% concentrated in power generation and renewables.
Turkey lifted its investment 5.5 times to $3.1 billion, and 13 Eurasian countries invested $10.8 billion mainly in oil, gas and petrochemicals; Russia led that group while Kazakhstan’s stake rose more than 11 times to nearly $700 million.
The Eurasian Development Bank expects Uzbekistan’s economy to grow about 6.8% in 2026, supported by strong investment, favorable gold prices, easing inflation toward 6.7% and a currency helped by remittances and metal exports.
Can Uzbekistan balance massive investments from rival powers like China and Russia?
Can Uzbekistan's green energy boom offset its simultaneous natural gas production crisis?
Does a new financial hub under English law signal weakness in Uzbekistan's national courts?
Uzbekistan’s Investment Surge: Pathways to $100 Billion FDI and Economic Transformation by 2030
Overview
Uzbekistan has become an increasingly attractive destination for international investment, thanks to ambitious economic reforms and a strong focus on modernization. The government’s liberalization of the foreign currency market and the creation of special economic zones with tax incentives have boosted investor confidence. Although FDI inflows dipped slightly in 2023, they remain much higher than in 2019, showing a resilient and upward trend even as global FDI declined. These reforms and incentives have laid a solid foundation for sustained growth, making Uzbekistan stand out as a stable and promising investment hub in the region.