News about investment: events, facts and developments on tafs uz.
64 stories
President Shavkat Mirziyoyev on October 28 reviewed a presentation on attracting investment in medicine. The portfolio of 35 projects worth $2.7 billion includes an oncology center, hospitals in the regions and a PPP in Samarkand. From 2027, outsourcing of medical services will be introduced, with the aim of raising its share to 30% by 2030.
Aziz KarimovSheikh Khaled bin Mohamed met with Mark Carney in Ottawa; the sides signed agreements on cooperation in mining, logistics, energy and investment, and companies from the two countries intend to raise trade to C$21.1 billion ($15 billion). The visit comes against the backdrop of the Cepa concluded in July and the UAE's commitment to invest $50 billion.
Aziz KarimovRe:Build, a Massachusetts-based manufacturing accelerator that spun out the EV startup Slate Auto in 2023, has raised $2.1 billion led by General Catalyst and JPMorganChase's Strategic Investment Group. The funds will go toward expanding production of hard tech and launching new industrial startups.
Bekzod NazarovRising electricity demand from AI data centers is raising concerns about higher bills and strain on the US power grid. At TechCrunch Disrupt, the founders of WeaveGrid and Veir and a representative of Rewiring America argued that this same demand opens a window for modernizing the grid.
Aziz KarimovBedrock Robotics, a startup equipping excavators with autonomous driving technology, has raised $600 million in a Series C round at a $4.1 billion valuation. The company's autonomous machines are already operating commercially at sites in Nevada and Texas, and the new funding will go toward expanding deployment and customer support teams.
Bekzod NazarovDubai's Crown Prince Sheikh Hamdan bin Mohammed approved new strategic targets for the AI campus in the DIFC: attracting more than 1,000 specialized companies and creating over 5,000 highly skilled jobs by 2030. The campus has already met its previous targets two years ahead of schedule.
Aziz KarimovAt the World Investment Forum in Doha (25–27 October), UNCTAD presented data showing that growth in foreign investment volumes is driven by large deals, while the number of new projects and cross-border deals is falling. In developing countries, announcements of sustainable development projects are more than 25% below the 2025 level.
Aziz KarimovMinister of Digital Technologies Sherzod Shermatov announced the completion of the first stage of construction of DataVolt's 'green' data center on the territory of IT Park Uzbekistan. The first phase will have a capacity of 12 MW with plans to expand to 500 MW, with investments totaling $200 million. Completion of the first phase is scheduled by the end of 2026.
Sardor QodirovThe third GO! GLOBAL Türkiye Summit opened in Istanbul and will last three days. Organizers are DEIK, the TAIK council and Endeavor Türkiye. More than 50 investment firms with combined capital exceeding $800 billion, 250 startup founders and 900 participants are expected. The program includes over 200 pre-scheduled meetings, as well as speeches by ministers and representatives of Uber, OpenAI, Google DeepMind and other companies.
Sevara AzamovaWosune International intends to expand the Wosune Food Ingredients Karshi plant in the Kashkadarya SEZ: investment will grow from $8.5 to $50 million in two stages. The enterprise dehydrates vegetables and herbs for export, including supplies to Nestlé and Mars. President Mirziyoyev instructed to work out the allocation of 30,000 hectares for export agricultural products.
Sevara AzamovaOn October 23, President of Uzbekistan Shavkat Mirziyoyev received the co-founder, chairman and CEO of the American investment company Eldridge Industries, Todd Boehly. The parties discussed major joint cooperation projects, including expanding partnership in the mining industry, metallurgy, construction, and the implementation of digital solutions for urban infrastructure. Following the talks, an agreement was reached on adopting a joint roadmap for the development of cooperation.
Sevara AzamovaOn October 21, the creation of the Bekabad industrial technopark began in the Bekabad district of the Tashkent region, developed jointly with Bashkortostan. In 2026–2028, 25 investment projects worth $200 million are planned, creating about 2,000 jobs. The first project will be a metal structures plant by Orstostan Ru worth more than $20 million.
Sevara AzamovaOn October 21, Tashkent mayor Shavkat Umarzakov met with Max Lamy, Oppenheimer & Co.'s head of investment banking for EMEA. The parties discussed the city's access to international capital markets, municipal bond issuance, public-private partnerships and attracting investment into infrastructure, signing a cooperation agreement. Details of the issuance were not disclosed. The city administration also held talks with Aquatech International on modernizing the water sector.
Javlon TursunovIn an article for Gazeta, expert Bekhzodkhon Alikhanov (Harvard University) analyzes Uzbekistan's chances of attracting large AI data centers. Power shortages and local resistance in the US are pushing investors toward new regions. Uzbekistan has incentives (Presidential Decree UP-189, TMFC, Enterprise Uzbekistan), but lacks ready-made sites, while its neighbors — Armenia and Kazakhstan — have already signed multi-billion-dollar deals.
Javlon TursunovSultan of Oman Haitham arrived on the first state visit to the United Kingdom in 44 years. In the City of London he spoke of growing bilateral investment and trade, and at Downing Street discussed the situation around the Strait of Hormuz with Prime Minister Andy Burnham. Over the four-day visit, agreements worth more than £1 billion were signed, including an AI data centre project in Salalah. The Sultan also visited the Here East technology park, where he met British and Omani startups in space, medicine and AI.
Javlon TursunovAt a meeting on the development of Kashkadarya region on October 22, President Shavkat Mirziyoyev proposed implementing a $1.5 billion project to produce polymers and petrochemical products based on 430,000 tons of naphtha from the Uzbekistan GTL plant, which is being prepared for privatization. Other projects of the region were also named, along with an instruction to prepare a three-year program worth $20 billion.
Javlon TursunovA delegation from Andijan region discussed with the American investment bank Oppenheimer & Co. raising $300 million from international capital markets through a eurobond issuance by Andijon Invest Kompaniyasi. Earlier, the bank had stated its readiness to participate in financing three regional projects worth $1.2 billion.
Sevara AzamovaThe Wosune Food Ingredients Karshi plant worth $8.5 million has started operating in the Kashkadarya SEZ. The enterprise processes local fruits and vegetables into dried products for export and aims to reach annual exports of $40 million.
Javlon Tursunov
