Franklin Templeton Highlights Achievements in Developing Uzbekistan’s National Investment Fund in 2025

Tashkent, Uzbekistan (UzDaily.com) — 2025 proved to be a pivotal year for the National Investment Fund of the Republic of Uzbekistan (UzNIF) and Franklin Templeton, its managing and fiduciary company. This was reported by Marius Dan, CEO for Central Asia at Templeton Global Investments, on his LinkedIn page.

UzNIF was officially launched in May 2025, marking an important milestone in the implementation of the government’s economic reform program. The creation of the fund reflects the country’s commitment to modernizing state-owned enterprises, strengthening investor confidence, and developing a modern, dynamic capital market in Uzbekistan.

According to Marius Dan, the company’s work in Uzbekistan focuses on three key areas: transformation of portfolio companies, strengthening corporate governance, and listing the fund and its portfolio companies. In 2025, significant progress was made across all three areas — from diagnostics to practical implementation — laying a solid foundation for the next phase of the fund’s development.

In October, the first UzNIF Investor Day was held in Tashkent, attracting over 200 regional and international investors. The high level of participant engagement demonstrated growing global interest in Uzbekistan and confirmed the fund’s role in opening the country to international financial markets.

Marius Dan emphasized that these achievements were made possible thanks to the decisive support of the Ministry of Economy and Finance, the National Agency for Advanced Projects, the Presidential Administration, as well as a strong local team based in Tashkent.

“With confidence and enthusiasm, I look forward to 2026, building on the momentum achieved and continuing to support the next stage of Uzbekistan’s economic development,” he noted.