Uzbekistan has attracted $7.5bn in foreign direct investment (FDI) in the first nine months of 2023, according to its Institute of Macroeconomic and Regional Studies (IMRS).

The investment volume in fixed assets between January and September amounted to $18.4bn, 11.8% more than during the same period last year. Experts from the IMRE used as part of the reporting process the Investment Performance Index (IPI), which looks at capital injections into regions and the region’s contribution to the country’s development.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Syrdarya took first place both on the IPI and for FDI in Uzbekistan, while the country’s capital Tashkent came fourth.

Uzbekistan has been looking for ways to boost its FDI levels. In September, the country’s government partnered with the International Finance Corporation (IFC) – an organisation offering investment, advisory and asset management services to less developed countries – to attract more FDI.

“The goal is to align Uzbekistan’s current investment law with global best practices to boost foreign investment,” the IFC stated. “To do that, the IFC, in partnership with the government of Japan, will help the government of Uzbekistan to prepare a new investment law that clearly states market entry rules, ensures foreign investors and their investments are treated equally, gives investors access to international dispute settlements, and focuses only on FDI and private investments.”

Meanwhile, the government in Tashkent recorded a slight increase in FDI levels between 2017 and 2022, going up from $1.73bn to $2.53bn, according to the UN Conference on Trade and Development (UNCTAD).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

However, Uzbekistan’s economy continues to lag behind other Central Asian countries. In 2022, its GDP per capita was roughly $2,510, lower than that of Kazakhstan ($12,970) and Turkmenistan ($12,930) and slightly above the figure recorded in the Kyrgyz Republic ($1,830) and Tajikistan ($1,180).