29 March 2022

Uzbekistan intends to bring GDP to $100 billion and annual exports to $30 billion over 5 years

On March 24, Shavkat Mirziyoyev attended the first Tashkent International Investment Forum and delivered a speech at the event.

In his speech, the president outlined the main measures to improve the process of attracting investments and creating favorable conditions for investors.

In order to increase the investment attractiveness of the country and develop proposals for improving the business environment, regular meetings of the Foreign Investors Council under the President will be held in Uzbekistan from 2022.

“We will also continue the practice of direct communication with investors and entrepreneurs in all industries and regions,” Mirziyoyev said.

As a result of the reforms, it is planned to increase the gross domestic product to $100 billion, and the volume of annual exports to $30 billion over the next 5 years. The share of the private sector in GDP is expected to reach 80%.

“We are striving to make Uzbekistan one of the countries in the world with above-average income by 2030,” the president said.