Uzbekistan and Iran: $1 billion in investments
Uzbekistan
Uzbekistan and Iran are relying on economic momentum - joint projects and agreements worth a billion dollars were discussed in Tehran. The delegation led by Abdulla Aripov presented ambitious reforms to investors and invited Iranian businesses to key regions of the country.
On May 11-12, an official visit of the government delegation of Uzbekistan headed by Prime Minister Abdulla Aripov is taking place in Tehran. The program of the visit included negotiations at the "Saadobod" Palace complex, as well as holding the Uzbek-Iranian Business Forum.
Within the framework of the forum, trade and economic agreements and investment projects worth $1 billion were discussed. Opening the event, Aripov and Iran's First Vice President, Muhammad Reza Oref, emphasized the importance of deepening bilateral cooperation and expanding the presence of Iranian businesses in Uzbekistan.
Special attention was paid to the opportunities of the Khorezm and Samarkand industrial zones, where Iranian entrepreneurs can implement new production projects. Today, the volume of mutual trade between the countries has reached $500 million.
The Prime Minister presented the reforms being implemented in Uzbekistan to improve the investment climate: reducing taxes, abolishing more than 200 permits and licenses, liberalizing the foreign exchange market, and lifting restrictions on profit repatriation.
It was noted that since 2017, more than $70 billion in foreign investments have been attracted to the country, including $14 billion from international financial institutions. The economy is growing: according to the results of the first quarter of 2025, GDP growth was 6.8%, and the total GDP volume exceeded $100 billion for the first time. By 2030, Uzbekistan plans to increase the share of "green" energy to 50%.
The forum concluded with bilateral B2B meetings involving over 100 Uzbek businesspeople, representatives of ministries and agencies who presented their projects and initiatives.
Within the framework of the forum, trade and economic agreements and investment projects worth $1 billion were discussed. Opening the event, Aripov and Iran's First Vice President, Muhammad Reza Oref, emphasized the importance of deepening bilateral cooperation and expanding the presence of Iranian businesses in Uzbekistan.
Special attention was paid to the opportunities of the Khorezm and Samarkand industrial zones, where Iranian entrepreneurs can implement new production projects. Today, the volume of mutual trade between the countries has reached $500 million.
The Prime Minister presented the reforms being implemented in Uzbekistan to improve the investment climate: reducing taxes, abolishing more than 200 permits and licenses, liberalizing the foreign exchange market, and lifting restrictions on profit repatriation.
It was noted that since 2017, more than $70 billion in foreign investments have been attracted to the country, including $14 billion from international financial institutions. The economy is growing: according to the results of the first quarter of 2025, GDP growth was 6.8%, and the total GDP volume exceeded $100 billion for the first time. By 2030, Uzbekistan plans to increase the share of "green" energy to 50%.
The forum concluded with bilateral B2B meetings involving over 100 Uzbek businesspeople, representatives of ministries and agencies who presented their projects and initiatives.
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