EADB Forms Potential Project Portfolio for Implementation in Uzbekistan

Tashkent, Uzbekistan (UzDaily.com) — The Eurasian Development Bank (EADB) has developed a potential portfolio of projects for implementation in Uzbekistan, according to Narodnoe Slovo, citing the bank’s Chairman Nikolai Podguzov.

In 2025, Uzbekistan became the seventh full-fledged member of the EADB, opening new opportunities for the country and the region to deepen economic integration and implement large-scale investment projects. Bank experts note that this move could serve as a key driver of long-term economic growth for Uzbekistan as well as neighboring Central Asian countries.

“We have formed the bank’s potential project portfolio in Uzbekistan. We intend to implement it systematically and continue our mission to develop key sectors,” said Nikolai Podguzov.

Uzbekistan’s accession to the EADB provides an additional impetus for modernizing transport and energy infrastructure, developing agriculture, and advancing industrial sectors. For other member countries, it expands cooperation opportunities, stimulates mutual trade, and strengthens food security.

According to the EADB, Uzbekistan’s export potential to CIS countries could reach US$1.6 billion, 24% above current levels. The potential volume of infrastructure investments from member states is estimated at US$1–1.5 billion, with primary focus on the petrochemical industry, transport infrastructure, and mining sector.

Promising projects include the construction of a polymer production complex, development of transport infrastructure—including a new airport in Bukhara—and financing the investment program of Almalyk Mining and Metallurgical Complex.

The bank forecasts that investment volumes in Uzbekistan may reach US$300–500 million in 2026, with the total project portfolio potentially reaching US$1.5 billion by 2028, including approximately US$800 million in high-integration potential projects.

The EADB is a multilateral financial institution aimed at promoting economic growth in member countries, expanding trade and economic ties, and deepening integration processes in the Eurasian space through investment activities.

Currently, the bank’s members include Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan.