Economy

Uzbekistan’s Services Market Grows 17% in January-August 2026

Uzbekistan’s Services Market Grows 17% in January-August 2026
Uzbekistan’s Services Market Grows 17% in January-August 2026 / Photo: AI-generated image.

Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan’s market services totalled 908.5 trillion soums in January-August 2026, an increase of 17% compared with the same period in 2025, according to the Ministry of Economy and Finance of the Republic of Uzbekistan.

The target growth rate for the full year of 2026 has been set at 114.5%, the ministry said.

Financial services recorded the fastest growth among service categories, rising by 22.5%. Communications and information services ranked second, with growth of 21.2%, followed by educational services at 19.4%.

Among regions, Navoi Region posted the highest growth rate at 118.5%, followed by Tashkent at 118.4% and Syrdarya Region at 117.7%. Khorezm, Surkhandarya, Jizzakh and Andijan regions each recorded growth of 117.6%.

The ministry also reported progress in developing service infrastructure across the regions. More than 1,700 retail and service facilities have begun operating on central streets. A further 1,431 facilities are planned to open by the end of 2026.

A total of 828 service facilities have started operating in Yangi Uzbekistan residential areas and along international highways. Another 245 facilities are planned to open in these locations by the end of the year, while 300 land plots have been put up for auction.

Under Presidential Resolution No. PP-49 of 5 February 2026, an additional 1.65 trillion soums was allocated from the national budget.

The funding is intended to develop infrastructure on busy streets, in coastal and roadside areas, and in mahallas with high tourism potential.

A total of 358 business infrastructure projects are being implemented in the services sector, and 33.8 hectares of land are planned to be offered at auction. Design and cost-estimate documentation has been prepared, and construction and installation work is under way.

The projects are expected to create 5,265 new businesses and expand the operations of another 2,502 existing businesses. They are also expected to generate 20,427 new jobs.

The work is being carried out as part of the Uzbekistan 2030 Strategy.

Anvar Umarov
Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.