Uzbekistan showcased its investment reforms at a forum in the UAE.

Speaking at the forum, Shokhrukh Ghulamov emphasized the importance of this platform as a tool for strengthening partnerships, exploring new opportunities, and ensuring sustainable economic growth for the participating countries.

During his speech, he presented the results of reforms in Uzbekistan aimed at improving the investment climate and business conditions. Specifically, the economy has been made more open, barriers have been removed, taxes and duties have been reduced, legal guarantees for the protection of investors' rights have been established, a privatization program is being implemented, and free economic zones with developed infrastructure are being created.

As a result of these transformations, the country's economy has nearly doubled in recent years, and in 2024, growth rates exceeded 6%. Uzbekistan's foreign trade turnover with Central Asian countries reached $7 billion, while with the Gulf Cooperation Council states it amounted to $1 billion. Currently, Uzbekistan's investment portfolio with partners from the Gulf and Central Asian countries totals $70 billion.

Shokhrukh Ghulamov reaffirmed Uzbekistan's commitment to further expanding cooperation in the region, highlighting the significant potential for collaboration in agriculture, the textile industry, mineral extraction, energy, healthcare, and tourism. In conclusion, he invited participants to attend the second meeting of Central Asian countries and the Gulf Cooperation Council, which will take place in May in Samarkand.

As part of the visit, the Uzbek delegation also held a series of negotiations with the leadership of major UAE companies. As a result, joint measures were agreed upon to accelerate the implementation of current projects and new areas for expanding bilateral cooperation were identified.