Economic reform and innovation: Uzbekistan’s success story

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Uzbekistan, situated at the core of Central Asia, has become a nation experiencing an impressive transformation. In the last ten years, it has embarked on bold plans in governance, economic reform, environmental conservation, and education, establishing its reputation as a notable player in the area. Under the leadership of President Shavkat Mirziyoyev, the country’s approach to development serves as an example of harmonizing economic advancement with social and ecological priorities.

Leading this transformation is the nation’s ambitious Strategy 2030. This all-encompassing framework is built on five key pillars: environmental sustainability, administrative reform, social advancement, national security, and innovation geared towards the future. Through this method, Uzbekistan is paving the way for sustainable development, tackling enduring issues while striving to become a competitive entity in the global arena.

A strong economy and global acknowledgment

The economic expansion of Uzbekistan has been truly remarkable. In 2024, the nation’s GDP exceeded €120 billion, representing a significant milestone in its economic journey. Exports surpassed €24 billion, while gold reserves and foreign exchange amassed €38 billion, offering a solid base for ongoing success.

A major factor in this growth has been the country’s welcoming stance towards foreign investment. At the Third International Investment Forum in Tashkent, agreements worth €25.5 billion were secured, showcasing Uzbekistan’s attractiveness to international investors. The government has also prioritized infrastructure improvements and energy initiatives, generating 1.5 million new jobs and bolstering connections with significant global economies such as the United States and China. Furthermore, Uzbekistan’s active negotiations to become a member of the World Trade Organization (WTO) demonstrate its dedication to becoming part of the global market.

A key driver of this growth has been the country’s openness to foreign investment. The Third International Investment Forum, held in Tashkent, saw contracts worth €25.5 billion signed, highlighting Uzbekistan’s appeal to global investors. The government has also focused on infrastructure development and energy projects, creating 1.5 million new jobs and strengthening ties with major global economies like the United States and China. Additionally, Uzbekistan’s ongoing negotiations to join the World Trade Organization (WTO) reflect its commitment to integrating into the global economy.

Driving environmental change

The Yashilmakon (“Greenhouse”) national project has resulted in notable environmental enhancements. Over 138 million trees have been planted, and green belts covering 10,000 hectares have reshaped both urban and rural areas. Furthermore, 257 new parks have been created, and programs like My Garden, which offered land to 10,000 residents, have not only enhanced the environment but also encouraged local business ventures. These initiatives are part of a larger strategy to tackle desertification, a crucial issue for the area.

Effective water management

Uzbekistan has faced the challenge of water scarcity for a long time, using over 50 billion cubic meters of water each year. In 2024, the adoption of new water-saving technologies enabled the optimization of irrigation over 1.8 million hectares of agricultural land. This advancement highlights Uzbekistan’s dedication to sustainable water management, which is crucial to its long-term agricultural and environmental plans.

Water scarcity has long been a pressing issue for Uzbekistan, with over 50 billion cubic meters of water consumed annually. In 2024, the introduction of innovative water-saving technologies allowed the country to optimize irrigation across 1.8 million hectares of farmland. This progress demonstrates Uzbekistan’s commitment to sustainable water management, a vital component of its long-term agricultural and environmental strategies.

Uzbekistan has focused on the well-being of its citizens as the cornerstone for national advancement. In 2024, the government broadened social support programs to aid 2.2 million families, including those with disabilities. Job creation efforts, advanced prosthetic services, and the creation of INSON social service centers in collaboration with the World Bank illustrate the nation’s commitment to enhancing the lives of its most vulnerable communities.

Uzbekistan has prioritized its citizens’ welfare as the foundation for national progress. In 2024, the government expanded social assistance programs to support 2.2 million families, including those with disabilities. Employment initiatives, modern prosthetic services, and the establishment of INSON social service centers with support from the World Bank exemplify the country’s dedication to improving the lives of its most vulnerable populations.

Preserving cultural heritage

In August 2024, the cities of Tashkent and Samarkand were the venues for the Eighth International Congress focused on Uzbekistan’s cultural heritage. The event, held in collaboration with the Center for Islamic Civilization, highlighted the nation’s dedication to safeguarding its historical roots while welcoming contemporary advancement.

In August 2024, Tashkent and Samarkand hosted the Eighth International Congress on the cultural heritage of Uzbekistan. The event, organized in partnership with the Center for Islamic Civilization, underscored the country’s commitment to preserving its past while embracing modernity.

Uzbekistan’s young population has been instrumental in propelling the nation’s advancement. Young business owners constitute almost 25% of the country’s entrepreneurial landscape, with numerous farmers and artisans enhancing its economic strength.

Uzbekistan’s youth have played a pivotal role in driving the nation’s progress. Young entrepreneurs make up nearly a quarter of the country’s business sector, with thousands of farmers and craftspeople contributing to its economic vitality.

Technological advancement and education

Technology has become a vital part of Uzbekistan’s forward-looking development. The Digital Uzbekistan – 2030 initiative has quickened the nation’s technological progress, with IT exports creating €326 million in revenue in 2024. More than 1,000 startups now operate in tech parks, showcasing the country’s vibrant technology landscape. The complete digitalization of elections via the E-Saylov system has also established a new standard for transparency in democratic activities.

Technology has become a cornerstone of Uzbekistan’s future-focused development. The Digital Uzbekistan – 2030 program has accelerated the country’s technological advancements, with IT exports generating €326 million in revenue in 2024. Over 1,000 startups are now housed in IT parks, reflecting the country’s thriving tech ecosystem. The full digitalization of elections through the E-Saylov system has also set a new benchmark for transparency in democratic processes.

A beacon of advancement

The changes in Uzbekistan over the last ten years highlight the impact of forward-thinking leadership and strategic planning. From economic expansion and environmental stewardship to social reform and cultural conservation, the nation has achieved considerable progress in all areas of development.

Uzbekistan’s transformation over the past decade serves as a testament to the power of visionary leadership and strategic planning. From economic growth and environmental sustainability to social reform and cultural preservation, the country has made significant strides in every aspect of development.

With its ambitious Strategy 2030 guiding the way, Uzbekistan is not only achieving remarkable success but also setting an example for other nations in the region. As it continues on this path, the country stands as a beacon of hope and progress in Central Asia, inspiring optimism for a brighter future.

By Isabella Walker