In today's world economic arena, under conditions of intensifying competition, the stable development of countries depends primarily on an economic model based on advanced technologies and innovations that create high added value. For this reason, developing the national economy based on efficiency, competitiveness, and technological renewal has been defined as one of the key priority tasks of the New Uzbekistan development strategy. On this path, modernizing industry, increasing labor productivity and energy efficiency, and widely attracting investments and innovations are of decisive importance.
The favorable business environment in our country, demographic growth, and the attention paid to human capital are turning Uzbekistan into one of the most attractive countries for investors.
It is planned to attract $50 billion in foreign investment next year. From now on, every dollar of investment should serve, first and foremost, advanced technologies and their transfer, the production of goods with high added value and a clear external market, increasing efficiency in the use of energy, water, land, and other natural resources, training local workers in new technologies, and increasing labor productivity.
The Head of State emphasized that a development program aimed at bringing industry to a new technological stage and expanding the value-added chain is being launched. According to it, the goal for the next five years is to increase the value created in industry from $36.5 billion to at least $60 billion, as well as to increase the production of products from high and medium-high technology sectors by 2.5 times.
To prepare thoroughly for this, in 2026, a start will be given to 782 new industrial and infrastructure projects worth $52 billion (of which $20 billion is foreign investment).
In the coming year alone, 228 new large-scale facilities worth $14 billion will be launched. For example, a $320 million project (3rd phase) for ore mining at the gold deposits in Navoi will be launched, processing an additional 2 million tons of ore.
Furthermore, the next stage of developing the "Muruntov" deposit and major projects worth $2.3 billion for silver deposits will be implemented. As a result, an annual ore processing capacity of 18 million tons will be established, and gold production volume will be increased to 175 tons by 2030.
Overall, it has been planned to implement major projects in 2026. In particular, new projects worth $4.5 billion in the chemical industry, $3 billion each in the mining and metallurgy, oil and gas, automotive, textile, and construction materials sectors, $2 billion in electrical engineering, and $800 million in pharmaceuticals will be launched.
According to Shavkat Mirziyoyev's emphasis, in 2026, our total exports will be brought to $40 billion, and the share of finished and semi-finished products will be increased to 55% (currently 50%).
In conclusion, the reforms and major investment initiatives proposed in the Address of the President of the Republic of Uzbekistan to the Oliy Majlis and the people of Uzbekistan are aimed at bringing the national economy to a new stage of development. By expanding capacities in industrial sectors, increasing the share of export-oriented products, and enhancing labor and energy efficiency, sustainable sources of economic growth will be created. This will serve to bring our country into the ranks of states with a competitive, investment-attractive, and high-income economy by 2030.
