Tashkent attracted $4.3 billion in foreign direct investment and loans during the first half of 2026, reinforcing its position as Uzbekistan’s leading destination for investment as the capital continued to outpace the national economy.
Investment inflows between January and June were 1.5 times higher than during the same period last year, according to the Tashkent city administration.
Tashkent recorded the fastest economic growth of any region in Uzbekistan during the first half of the year. The city’s gross regional product (GRP) reached 226 trillion soums (about $18.76 billion), growing by 13.3% — well above the projected 11.2%. Meanwhile, Uzbekistan’s national economy expanded by 8.5% over the same period.
Industrial production totalled 109.6 trillion soums (approximately $9.1 billion), up 8% year on year and meeting the government’s target.
The capital launched 249 investment projects during the first half of the year, with new production facilities worth $657.5 million already commissioned.
The projects created 9,800 new jobs, supporting employment and expanding the city’s industrial base.
Exports by Tashkent-based companies also posted strong growth, reaching $1.55 billion, a 43% increase compared with the first half of 2025.
Officials said 77 projects were implemented under Uzbekistan’s localisation programme during the reporting period.
The projects generated 4.9 trillion soums (roughly $406.6 million) worth of goods, exceeding the planned target by 48%. Exports of locally produced goods reached $121.6 million.
The city administration said the localisation initiatives are helping to expand import-substituting production, strengthen cooperation between domestic enterprises, create new jobs and support the development of Tashkent’s economic infrastructure.
The New Tashkent development project, including the construction of a new satellite city and the planned relocation of government ministries, is expected to increase demand for both commercial and residential property.
Authorities are also developing an International Financial Centre, which is expected to operate under English common law, feature an independent judicial system and offer 50-year tax incentives, providing greater legal certainty for international investors.
In addition, businesses operating in the Tashkent Special Economic Zone benefit from preferential tax and customs regimes designed to attract manufacturing, logistics and innovation-focused companies.
The latest investment figures build on momentum generated by the recent Tashkent International Investment Forum 2026, now in its fifth edition. The forum concluded with 166 agreements worth a record $43.1 billion.
Officials say these measures, combined with sustained economic growth and rising investment inflows, are strengthening Tashkent’s position as one of Central Asia’s leading investment destinations.
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Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must meet other conditions.
Iran and the United States remain at loggerheads over efforts to agree a permanent end to the war in the Gulf, according to a senior Iranian source who said there had been no progress in talks to revive the interim deal agreed in June and define a timeframe to implement it.
U.S. President Donald Trump has called for Iran to pay compensation for decades of deaths and damage, adding a new demand to peace talks as Tehran seeks compensation and sanctions relief before reopening the Strait of Hormuz.
A criminal court in Damascus has sentenced former Syrian President Bashar al-Assad to death in absentia for premeditated murder, torture, arbitrary detention and crimes against humanity, according to Syria’s state news agency SANA.
Ukrainian President Volodymyr Zelenskyy has warned that Russia is preparing to deploy additional North Korean forces on its territory and has received more ballistic missiles from Pyongyang, arguing that their growing military cooperation poses a threat beyond Ukraine.
Central Asia’s economy has surpassed $543 billion, driven by Kazakhstan’s economic weight, strong exports and foreign investment, while growing trade across Asia points to an increasingly connected region.
The United Nations refugee agency is planning a settlement and carpet-weaving workshop for Afghan returnees in Kabul as the country grapples with large-scale returns and growing pressure on housing, jobs and basic services.
Iran will soon join the New Development Bank (NDB), the lender established by BRICS nations, Central Bank Governor Abdolnaser Hemmati said in a state media report on Wednesday ahead of a BRICS finance meeting in India.
Azerbaijan's President Ilham Aliyev has outlined an expanded vision for the Zangezur Corridor, describing it not simply as a transport route connecting mainland Azerbaijan with the Nakhchivan exclave, but as a future platform for energy, telecommunications and wider regional integration.
Iran and Russia are seeking closer cooperation on arms control and Iran’s nuclear programme as the two countries deepen strategic ties amid heightened tensions with the U.S. and Israel.
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