Uzbekistan attracts investment amid reforms

Uzbekistan has attracted growing foreign investment following nearly a decade of economic reforms that opened up the country. While companies plan initial public offerings, investors watch whether business-friendly policies can become institutionalized.

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FILE PHOTO: Uzbek President Shavkat Mirziyoyev takes part in a welcoming ceremony during his visit to Tbilisi, Georgia, July 2, 2026. REUTERS/Irakli Gedenidze//File Photo

Uzbekistan is drawing foreign capital after a decade of market reforms, but investors say the next test is whether the changes can withstand bureaucratic resistance. The country's economy has expanded by an average of 6% over the last five years, outpacing most ex-Soviet peers. Investors are watching to see if new business-friendly policies become permanently embedded.

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