On July 6 this year, within the framework of the International Partnership Initiatives Week “New Uzbekistan: Development, Innovation and Enlightenment”, the JSC National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) organized an International Conference “Investor Day” – “Investment potential of New Uzbekistan”.

The world’s largest banks attended the event – China Development Bank, JP Morgan (USA), Deutsche Bank (Germany), Commerzbank (Germany), LBBW (Germany), KfW-IPEX Bank (Germany), DZ BANK (Germany), NATIXIS (France), Societe Generale (France), Credit Agricole (France), UBAF (France), Standard Chartered Bank (UK), Barclays (UK).

The event consisted of two sessions. The first one was devoted to large-scale reforms implemented over the past 6 years in accordance with the Action Strategy in five priority areas of development of the Republic of Uzbekistan. As a result of the implementation of these reforms, the country has changed dramatically.

It was noted that Uzbekistan had made significant progress in economic liberalization and confident entry into world markets, as well as progressive shifts in various sectors of the economy, thanks to which foreign economic relations of Uzbekistan with foreign countries are dynamically developing. For example, over the past 6 years, foreign trade volume has increased by 2.5 times and reached $50 billion in 2022.

As a result of large-scale and effective reforms, the country’s GDP exceeded $80 billion, and exports reached $19 billion.

During the second session, the heads of the largest corporate clients of the NBU – Navoi Mining and Metallurgical Plant JSC, Almalyk Mining and Metallurgical Plant JSC, Uzbekistan Airways JSC, the Chamber of Commerce and Industry, Uzbekhydroenergo JSC and Technopark LLC.

Foreign banks and investors were shown promising projects worth $3.8 billion, which will be implemented in 2023-2026 by large industrial enterprises and companies in accordance with the Development Strategy of New Uzbekistan in such areas as mining metallurgy, transport, textiles, energy, electrical engineering, etc.

The international conference, organized by the NBU, created a business platform for interaction between investors and project initiators, was a kind of invitation to participate in the implementation of the projects demonstrated, opened up new horizons for cooperation, created an opportunity to establish business contacts and identify new points of growth. All this will become an impetus for the implementation of joint mutually beneficial projects.

UzA