EDB and UzOman agree on partnership in Uzbekistan

Tashkent, Uzbekistan (UzDaily.com) — The Eurasian Development Bank (EDB) and the Uzbek-Oman Investment Company UzOman have signed a memorandum of understanding to develop investment cooperation in Uzbekistan, primarily in the transport and logistics infrastructure sector.

The document was signed by EDB Senior Managing Director Alexey Skatin and UzOman Chief Executive Officer Omar Bahram. The agreement marks another step in expanding EDB’s cooperation with Uzbek partners following Uzbekistan’s accession to the bank.

The parties stated that the main focus will be on the joint development and financing of investment projects in Uzbekistan. Under the agreement, UzOman will submit potential initiatives for consideration of joint implementation, while EDB will conduct assessments to ensure compliance with its investment policy and mandate.

EDB emphasized that the development of Uzbekistan’s transport and logistics infrastructure is viewed as one of the key drivers of economic growth in the Eurasian region. According to the bank, the country’s economy is growing at a rate exceeding 7%, while its role in ensuring regional connectivity continues to strengthen.

Representatives of UzOman noted that the partnership with EDB will combine local market knowledge and investment expertise with the bank’s financial capabilities, creating conditions for the implementation of large-scale infrastructure projects and the development of the logistics sector.

The sides also expressed their intention to contribute to economic growth, job creation, and improved welfare not only in Uzbekistan but across all EDB member states.

The cooperation is developing against the backdrop of sustained economic growth in Central Asia. According to EDB data, Uzbekistan’s economy grew by 7.7% in 2025, following 6.7% growth a year earlier. The expansion was driven by domestic demand and investment inflows, with trade, services, and construction showing the strongest performance.

At the beginning of 2026, economic activity in the country remains at a high level due to the expansion of industrial production and retail trade turnover, while inflation continues to decline steadily toward target levels.

Overall, Central Asia continues to grow faster than most emerging economies globally, increasing the need for the development of modern infrastructure.