TASHKENT, Uzbekistan, June 5, 2025 /PRNewswire/ -- As the Tashkent International Investment Forum 2025 (TIIF) draws closer, the Ministry of Investment, Industry and Trade (MIIT) are delighted to announce its official partners for the country's flagship event. Led by Strategic Partners Uzum, ACWA Power and KOC Construction, TIIF is bringing together global investors, policymakers, and business leaders to Tashkent as to show the true New Uzbekistan: The Big Country with Big Opportunities.
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Uzbekistan's most significant international economic event will be taking place at the Central Asian Expo (CAEx) Uzbekistan from 10-12 June 2025, and as a reflection on the country and TIIF's growing reputation, the full partner lineup includes a powerful mix of multinational corporations, regional champions, and leading financial institutions--each playing a unique role in supporting Uzbekistan's economic ambitions.
MIIT are thrilled to announce a total of 15 partners who have all played a crucial role in Uzbekistan's growth and rising potential through investments and initiatives deeply integrated into the country.
"We extend our sincere gratitude to this exceptional group of Partners for their support of the Tashkent International Investment Forum," said Minister Laziz Kudratov. "The impact and value they bring to the country is not understated and we are immensely proud that they have partnered with us for this year's Forum. The calibre of our Partners reflects the growing momentum behind the New Uzbekistan: The Big Country with Big Opportunities."
Strategic Partners
-- Uzum: Uzum, Uzbekistan's first IT unicorn. The company has built the
country's leading digital ecosystem, integrating a national e-commerce
marketplace, fintech solutions, and banking services tailored for both
individuals and businesses. In 2024, Uzum attracted over $100 million in
foreign investments and launched the largest logistics complex for
e-commerce in Central Asia. Today, over 17 million people across
Uzbekistan rely on Uzum's ecosystem every month -- a testament to the
company's central role in transforming everyday digital services and
enabling economic opportunity at scale.
-- ACWA Power: The Saudi Arabian energy company is a leading investor in
Uzbekistan's renewable energy sector. In 2024, three major renewable
projects worth $3 billion were launched, including the Bash and
Dzhankeldy Wind Power Plants (1,000 MW), the Samarkand 1 and 2 Solar
Projects (1,000 MW of solar power and a 1,000 MWh battery storage
system), and the Tashkent BESS Project (500 MWh).
-- KOC Construction: The Turkish global engineering and construction
company is expanding its portfolio in Uzbekistan with key infrastructure
projects. KOC Construction is involved in the feasibility studies and
planning for the new Tashkent-Samarkand high-speed rail line and is also
participating in the expansion of Jurgenchi International Airport.
General Partners
-- Vision Invest: A major Saudi Arabian investment firm, Vision Invest is
expanding its presence in Uzbekistan, particularly in utilities and
infrastructure. For example, Vision Invest is working with MIIT to
develop new transport and infrastructure public-private partnership
(PPP) projects, supporting the country's privatisation and
infrastructure reform agenda.
-- OTP Group: The largest Hungarian commercial bank, which entered the
Uzbek market in 2023 by acquiring a 73.71% stake in Ipoteka Bank -- the
country's fifth-largest bank at the time, serving approximately 1.5
million retail customers and holding a 7.6% market share by assets. This
marked the first major privatization of an Uzbek bank involving a
foreign investor.
-- Ipoteka Bank: An Uzbek bank that has become a flagship of successful
banking transformation and international partnership. Following its
integration into OTP Group, the bank underwent a comprehensive
modernization -- evolving from a specialized mortgage institution into a
universal bank with advanced digital services and corporate solutions.
Retail lending has been significantly expanded, and operational
processes have been aligned with international standards.
Partners
-- TBC Uzbekistan: Part of London-listed TBC Bank Group and Central Asia's
leading digital banking ecosystem. Powered by a proprietary tech stack,
an experienced international team and a lending-led product strategy, it
meets surging demand for digital financial services among the region's
young, tech-savvy population. Its three high-growth fintech
businesses--TBC UZ (Uzbekistan's largest digital bank), Payme (payments)
and Payme Nasiya (instalment credit)--serve more than 6 million monthly
active users.
-- DataVolt: A Saudi-Arabian data center developer and operator, investing
$200 million in Tashkent IT Park to support digital services. Future
campuses in Bukhara and New Tashkent could raise total investment to $5
billion designed to support cloud computing and digital services for
local businesses and government agencies.
-- Also from Saudi Arabia is DataVolt, a Saudi-Arabian data center
developer and operator, is investing $200 million in Tashkent IT Park to
support digital services. Future campuses in Bukhara and New Tashkent
could raise total investment to $5 billion, contingent on progress in
terrestrial connectivity and ongoing reforms in the telecom sector.
-- Miahona: A Saudi listed company that began operations in 2008 and is one
of the first developers of water and wastewater infrastructures under
the Public-Private Partnership (PPP) in the region. They have partnered
with Government of Uzbekistan to build and upgrade several water and
wastewater treatment plants, improving water quality and environmental
impact.
-- UzOman Investment Company: A strategic investment firm established to
strengthen economic ties and foster long-term partnerships between the
Sultanate of Oman and the Republic of Uzbekistan. With a mandate to
identify and develop high-impact investment opportunities across key
sectors, the UzOman Investment plays a pivotal role in advancing mutual
growth, sustainable development, and cross-border collaboration.
-- AKSA Enerji: This Turkish energy company is expanding its operations in
Uzbekistan to support thermal and renewable generation projects. Aksa is
currently developing a new 240 MW gas-fired power plant in Tashkent
region and has announced plans for solar energy projects to boost
renewable capacity.
-- StoneX: Focused on commodities and trading, StoneX brings risk
management expertise to local markets. For example, StoneX has worked
with Uzbek cotton exporters to implement hedging strategies that protect
against price volatility on international markets.
-- Halyk Bank: One of Kazakhstan's leading banks, Halyk Bank is
instrumental in enabling cross-border finance and trade within Central
Asia. The bank has provided trade finance facilities for Uzbek importers
and exporters, facilitating smoother transactions with partners in
Kazakhstan and beyond.
-- European Investment Bank (EIB): The EIB plays an important role in
supporting sustainable infrastructure and climate-aligned financing in
Uzbekistan. For example, the EIB co-financed the modernization of
Tashkent's public transport system, including the introduction of
electric buses to reduce emissions.
-- Squire Patton Boggs: A leading global law firm, Squire Patton Boggs is
one of the few providing crucial legal expertise to investors navigating
the Uzbek market. The firm has advised several multinational companies
on joint ventures, mergers, and compliance with Uzbekistan's evolving
regulatory landscape.
Global TV broadcaster CNN and its leading anchor Richard Quest, host of 'Quest Means Business' and Pan-European broadcaster EuroNews will be at TIIF as official Media Partners to showcase Uzbekistan's investment story.
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Photo: https://mma.prnewswire.com/media/2703376/MIIT_Tashkent.jpg Ministry of Investment, Industry and TradeCONTACT: Adam Joste-Smith / ajostesmith@hudsonsandler.com
