The 4th meeting of the Uzbek-Chinese Working Group on Investment Cooperation was held in Tashkent on April 24. The meeting reviewed progress made in the investment sector. It was noted that the total volume of bilateral investments exceeded USD 10 billion in 2024, marking a 2.5-fold increase compared to 2023. Key discussion areas included: Strengthening investment and financial
On April 23, Laziz Kudratov, the Minister of Investments, Industry and Trade of Uzbekistan, participated in an international business forum held in Jizzakh. The event was organized as part of President Shavkat Mirziyoyev’s initiative to actively promote regional investment opportunities. The forum brought together senior representatives from ministries, government agencies, industry associations, and local authorities, along
In 2024, Kyrgyzstan received foreign direct investment (FDI) totaling $872.6 million, compared to $844.9 million in 2023, according to the National Statistical Committee. Most of the investments came from China (23.9%), Russia (22.7%), Turkey (10.2%), Luxembourg (8.8%), Kazakhstan (5.7%), the Netherlands (4.9%), Azerbaijan (3.4%), and other countries (20.4%). Compared to 2023, the inflow of FDI
During a visit to Japan on April 15, Turkmenistan President Serdar Berdimuhamedov met with representatives of the Japanese business community. From the Japanese side, the meeting was attended by the heads and representatives of the Turkmen-Japanese Economic Committee, Mitsubishi Corporation, Sumitomo Corporation, Komatsu Ltd., Toyo Engineering Corporation, Kawasaki Heavy Industries, Ltd., Sanko Seikа Co. Ltd.,
The European Bank for Reconstruction and Development (EBRD) says it is providing a working capital loan of up to $6 million (€5.7 million) to UzCarlsberg, boosting the company’s operational efficiency and contributing to higher food safety standards in Uzbekistan. UzCarlsberg, which has been a client of the Bank since 2022 and is the country’s only
On April 14, a meeting was held at the Ministry of Foreign Affairs of the Kyrgyz Republic between Deputy Minister of Foreign Affairs Erkinov and the delegation of UK Export Finance (UKEF) headed by Ms. Shebnem Alp. The meeting was also attended by British Ambassador to Kyrgyzstan Nicholas Bowler. The parties discussed key areas of
On March 29, the Ministry of Investment, Industry and Trade of Uzbekistan held a briefing on the upcoming Tashkent International Investment Forum, one of the most significant international events in the country’s economic landscape. Minister of Investment, Industry and Trade Laziz Kudratov announced that the IV Tashkent International Investment Forum will take place from June
The Afghan Ministry of Mines and Petroleum says that the largest investments in Afghanistan’s mining sector have been made by companies from Uzbekistan, China, Turkey, and Iran, TOLOnews reported. Hayatullah Afghan, spokesperson for the Ministry of Mines and Petroleum, stated that the total value of these investments is estimated at $8 billion. These companies have
In the following article published in the latest issue of OCA Magazine, the magazine’s Editor-in-Chief, Nick Rowan, analyzes the investment landscape and offers forecasts for the future state of investment in Central Asia and the CIS: Things are moving fast in Central Asia and the former Soviet Union (CIS) countries. The investment landscape has undergone
Prime Minister of Kazakhstan Olzhas Bektenov last week met with Zeng Zhaoqiang, the Chairman of the Board of Fujian Hengwang Investment Co., Ltd, one of the leading metallurgical companies in China. The meeting discussed the construction of a metallurgical plant with a capacity of 3 million tons of steel on the territory of the special
Understanding Uzbekistan Investment Law Changes On January 23, the Senate (upper house) of the Oliy Majlis (Uzbek parliament) approved a new edition of the Law “On Investments and Investment Activities”. Developed jointly with experts from the World Bank and the International Finance Corporation, the document ensures that investment legislation complies with international standards, including the
On December 11, Kazakhstan Prime Minister Olzhas Bektenov held a meeting of the Board of Directors of JSC National Company Kazakh Invest to review the results of the company’s work and plans for further attraction of investments into the country’s economy. Chairman of the Board of NC Kazakh Invest JSC Yerzhan Yelekeyev reported that this
On November 27, Uzbekistan President Shavkat Mirziyoyev chaired a meeting to discuss the current state of attracting foreign investment and plans for the next year. It was stated at the meeting that over the past 10 months, Uzbekistan has attracted more than $26 billion in foreign investment, a 1.7-fold increase compared to last year. These
Turkmenistan remains the only state in Central Asia with no free economic zones operating in the country. Although the Law on Free Economic Zones (FEZs) was enacted in Turkmenistan in October 2017, no free economic zones are known to be in operation, according to the U.S. Department of State’s 2024 Investment Climate Statements: Turkmenistan. The
On November 1, the VII Kazakhstan Global Investment Roundtable (KGIR-2024) was held in Astana under the “Global Investment Trends: A Vision of the Future” agenda. Speaking at the forum, Kazakhstan Prime Minister Olzhas Bektenov noted that the roundtable is a logical continuation of the meeting of the Foreign Investors’ Council, which was held the day
On October 31, Kazakhstan President Kassym-Jomart Tokayev chaired the 36th meeting of the Foreign Investors’ Council in Astana. Tokayev noted that the Council has become the most important dialogue platform for discussing issues of improving the investment climate in the country. “We have set ourselves a rather ambitious goal – to attract an additional $150
In October 2024, the Eurasian Development Bank’s (EDB) Fund for Digital Initiatives allocated the first tranche for a project to establish a National Digital Investment Platform in Kazakhstan. The project aligns with the digital agenda of EDB member states — Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan, aiming to accelerate the development of the digital
Kazakhstan’s Deputy Minister of Foreign Affairs Alibek Kuantyrov last week met with President of Carlsberg Kazakhstan Vyacheslav Maltsev to discuss the Danish company’s plans to expand its activities in Kazakhstan and Central Asia. As reported by the Kazakh Foreign Ministry, Maltsev noted the favorable investment climate in Kazakhstan and told about a new Carlsberg Kazakhstan
On August 19-21, a delegation of Kazakh Invest national company headed by the Chairman of the Board, Yerzhan Yelekeyev, visited Germany and held talks with major German companies. As reported by Kazakh Invest, at a meeting with representatives of WIS Kunststoffe Gmbh, which plans to produce compounds and plastics in Kazakhstan’s Atyrau region, the company’s general director, Sigmar
Chairman of the Management Board of Kazakh Invest national company, Yerzhan Yelekeyev on July 15 held a meeting with representatives of the Chinese corporation WEIGAO, during which the parties discussed the possibility of localizing the production of medical equipment in Kazakhstan. Zhang Yong, General Director of WEIGAO, told Kazakhstani representatives about the corporation’s work in the production of