At the third plenary session of the Foreign Investors Council held in Tashkent, the President of Uzbekistan announced that the main tax rates for businesses will remain unchanged until 2028, according to the national portal “Adyrna,” citing Fergana.
This was reported by the press service of the head of state.
The council includes representatives of major global companies and international financial organizations. During the session, the president positively assessed the outcomes of the fourth Tashkent Investment Forum and thanked the participants for their support in developing the “New Uzbekistan.”
Mirziyoyev emphasized that significant progress has been made in recent years through cooperation with foreign partners. For example, last year, the European Bank for Reconstruction and Development invested a record amount—around 1 billion US dollars—into Uzbekistan’s economy. With this figure, Uzbekistan led among the Central Asian countries.
Additionally, the joint project portfolio with private companies and banks exceeded 1 billion dollars. Collaborative initiatives are being implemented in areas such as “green” energy, waste processing, energy storage, and green hydrogen production.
Active cooperation has also been established in the field of digital technologies. For instance, the company DataVolt has launched a project to create the region’s largest “green” data center, while Veon is developing a mobile application based on artificial intelligence.
“This is clear evidence of the high level of trust foreign investors have in our reforms and openness policy,” said Mirziyoyev.
Over the past two years, 5,500 new enterprises with foreign capital have been established in Uzbekistan, bringing the total to 16,000. During this year’s session, more than 40 new initiatives were selected, including reforms to the tax system and attracting private sector involvement in infrastructure projects.
The head of state announced that, this year, public-private partnership projects worth $4.5 billion have been launched. These projects cover areas such as road construction, water supply, and irrigation.
In addition, legal and regulatory documents are being developed to introduce financial reporting, environmental, social, and corporate governance systems in accordance with international standards.
The president stated that all proposals will be carefully reviewed and an individual “road map” will be created for each initiative. New working groups will also be formed in the country.
“I would like to once again emphasize: we are building a New Uzbekistan that is open, free, stable, and reliable for investors,” concluded Shavkat Mirziyoyev.
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