Economy
Economy
TIIF: Central Asian Railways Become New Strategic Asset
Central Asia's railway sector is transforming from a Soviet legacy into a strategic asset for trade and regional competitiveness, according to TIIF experts.
China-Kyrgyzstan-Uzbekistan Corridor May Open by 2028
Construction of the China-Kyrgyzstan-Uzbekistan railway corridor could be completed ahead of schedule by 2028–2029, according to transport officials.
Skoda Group Aims to Become Home Brand in Uzbekistan
Czech rolling stock manufacturer Skoda Group has signed a contract to supply 10 passenger trains to Uzbekistan and plans to …
IMF: Uzbekistan’s GDP Grew 7.7% in 2025, 6.8% Seen in 2026
The IMF said Uzbekistan's economy expanded 7.7% in 2025 and forecast 6.8% growth in 2026, while inflation continues to moderate.
ACWA Power and HAMROH Support Female Entrepreneurs
ACWA Power and HAMROH signed a memorandum of cooperation to launch an inclusive procurement model supporting female-owned businesses in Uzbekistan.
Uzbekistan and Korea to Strengthen Elevator Manufacturing Ties
Uzbekistan and South Korean institutions signed two memoranda of cooperation to expand local elevator production and launch specialized training centers.
EDB and Yashil Energiya Partner for Green Energy
The Eurasian Development Bank and Yashil Energiya LLC signed a memorandum of cooperation to develop renewable energy and EV charging …
Turkic Investment Fund and ICD Launch Co-Financing Program
The Turkic Investment Fund and the Islamic Corporation for the Development of the Private Sector launched a joint US$50 million …
Uzbekistan to Transfer Railway Stations to PPP Management
Uzbekistan plans to reconstruct and transfer the management of five major railway stations to private partners under a public-private partnership …
Uzbekistan and Iraq Establish Joint Business Council
Uzbekistan and Iraq established a joint Business Council and signed a cooperation memorandum during the Fifth Tashkent International Investment Forum.