BAKU, Azerbaijan, June 11. Uzbekistan is steadily transforming its investment environment to become more investor-friendly, driven by a series of reforms and the active role of the Foreign Investors Council (FIC) under the President, said Aziz Gafurov, Head of the FIC Secretariat, in an interview with Trend.
He emphasized the Council’s critical role in bridging the gap between the government and foreign investors. "The Foreign Investors Council acts as a consolidator between investors and the government, helping to shift policymaking from reactive to proactive," Gafurov said. "This demonstrates Uzbekistan’s commitment to building a modern and open economy".
Uzbekistan has pursued market liberalization and increased transparency in recent years, which has contributed to a significant improvement in its investment climate. The results are visible: in 2024, the country attracted $34.6 billion in total investments, including $11.9 billion in foreign direct investment (FDI). These investments supported the creation of more than 32,700 new jobs and the launch of 242 new projects nationwide.
Gafurov highlighted that these figures reflect the government’s dedication to reforms aimed at improving the ease of doing business. "Our approach sends a clear message to the international community that Uzbekistan is serious about economic modernization and creating a favorable environment for foreign investors," he added.
