In Q1, $13.7 bn was utilized under this program. This means that the forecast target for the reporting period was fulfilled by 139%, while growth reached 1.6 times compared to the same period last year.
During the reporting period, $9.7 bn in fixed capital was created through foreign investment and loans. This indicator increased by 147.5% compared to the previous year. At the same time, 1,508 investment projects with a total value of $1.2 bn were launched, creating nearly 28 thousand new jobs. In particular, the first phase of developing the prospective “Karatog” and “Boshtovok” fields in Piskent district, a knitwear production project in Pakhtaabad district, and a catalyst production project in Chirchik city were commissioned.
In the first three months of the year, a total of $12.8 bn in foreign direct investment and loans was attracted. Of this amount, $8.8 bn was directed to fixed capital. The forecast for this indicator was fulfilled by 141%, while growth amounted to 1.6 times. Regionally, the highest figures were recorded in Tashkent city with $2.2 bn, Namangan region with $1.06 bn, Fergana region with $954 mn, Andijan region with $880 mn, Tashkent region with $709 mn, and Samarkand region with $619 mn.
During the reporting period, the volume of utilized investment exceeded $50 mn in 50 cities and districts, while in 21 of them this figure reached $100 mn. This indicates the expanding scale of investment activity across the regions.
By source of foreign investment, China ranked first with $6.4 bn. In addition, investments were attracted from the Russian Federation with $1.1 bn, Türkiye with $975 mn, the United Arab Emirates with $824 mn, and Germany with $342 mn.
In 2026, it is planned to implement 125 projects with the participation of international financial institutions and foreign government financial organizations, attracting a total of $5.1 bn within these frameworks. In Q1 alone, $947 mn in foreign loans was attracted from these sources, and forecast targets were fulfilled by 120%.
Investment projects also delivered tangible results in infrastructure development and improving living conditions. In particular, a modern electric train named “Jaloliddin” was delivered to Khorezm region by Hyundai Rotem. This will create greater convenience for residents and reduce travel time from 18 hours to 7 hours.
In addition, during the reporting period, 89 km of drinking water networks, 8.2 km of sewerage networks, and 40 km of roads were constructed. Within projects implemented with the participation of the Asian Development Bank, 23.4 km of drinking water networks were laid in Nukus district. As a result, 12 thousand people gained access to drinking water for the first time, water supply services improved for 19.1 thousand residents, and coverage increased from 68.4% to 90%.
In Tashkent region, within another project supported by the same bank, a new wastewater treatment facility was built and commissioned in Chirchik city. This will improve service quality for 160 thousand residents and raise coverage from 80.4% to 90%.
The results of the ongoing investment policy are contributing to sustainable growth across economic sectors, the creation of new jobs, and higher public welfare.
Center for Economic Research and Reforms Media Sector
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