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Economy

Tashkent opens its biggest investment forum yet, with a new financial center as the prize

Uzbekistan opened the fifth Tashkent International Investment Forum on 16 June, with 3,423 delegates from 100 countries and a new common-law financial center at its core. The pitch is stability and reform, sold to capital that has grown choosier about where it goes.

Tashkent opens its biggest investment forum yet, with a new financial center as the prize

The fifth Tashkent International Investment Forum runs from 16 to 19 June under the theme ‘Investment Resilience: New Frontiers, New Partnerships’. The pre-opening day is 16 June, with President Shavkat Mirziyoyev due to give the opening address on 17 June at the Tashkent City Congress Center. Organizers expect 3,423 foreign delegates from 100 countries, and put the combined assets of participating companies at $42 trillion. Named attendees include BlackRock, ACWA Power, Volkswagen and Meta.

The centerpiece is the Tashkent International Financial Centre, set up by presidential decree in March 2026. It runs on a common-law legal regime with its own regulator, an arbitration center, and tax exemptions through 2076. It is Uzbekistan’s attempt to build a financial hub on the model of Astana’s AIFC and Dubai’s DIFC, aimed at channeling Gulf and global capital into the economy.

The pitch is reform and stability, sold to capital that is suddenly choosier about where it goes.

The backdrop is a strong run of figures. Uzbekistan’s economy grew 7.7 percent in 2025 to more than $147 billion, Fitch and S&P raised the sovereign rating to BB, and reserves top $77 billion. Last year’s forum drew 8,000 participants and produced $30.5 billion in signed agreements. On the pre-opening day, Tashkent also hosted the first session of the Regional Alliance of Investment Councils of Central Asia and the Caucasus, with founding members Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Georgia and Uzbekistan signing a memorandum.

The forum is Uzbekistan’s claim to be the region’s investment hub, a title Kazakhstan wants too. The measure that matters is how much of the announced total becomes capital on the ground, rather than another year of headline figures.