Enrico Pinali: Uzbekistan creates a climate where business operations are realistic and predictable for international investors

June 17, 2026. 19:00 • 2 min

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Enrico Pinali: Uzbekistan creates a climate where business operations are realistic and predictable for international investors

TASHKENT, June 17. /Dunyo IA/.  Enrico Pinali, Regional Head for Private Sector Development in the Central and West Asia Department of the Asian Development Bank, who is participating in the 5th Tashkent International Investment Forum in the capital of Uzbekistan, granted an exclusive interview to the Dunyo IA correspondent.

- This is the fifth Tashkent International Investment Forum, and it is a great honor for me to observe its development since the very first edition. Having attended the first forum, I now see how the country's growth is reflected in its economic indicators, its level of ambition, and the increasing number of international investors.

Address of the President of Uzbekistan clearly outlined the country's developmental trajectory: from the initial phase of reforms to the current stage and toward the objectives envisioned for the next four to five years. This left a profound impression and served as an important signal not only for the nation's population but also for the international investment community.

Today, significant investment opportunities genuinely exist in Uzbekistan. Those who entered the market early have already secured certain advantages; however, the current developmental dynamics necessitate expanding the participation of new investors, particularly in sectors that are not yet fully utilized. Among these, renewable energy, manufacturing industries and agriculture can be highlighted, where a high potential for further investments remains.

In comparison with the situation five years ago, during the first investment forum, the level of awareness among international investors regarding Uzbekistan was significantly lower. Over the elapsed period, the country has demonstrated consistency in implementing reforms and fulfilling its commitments. Engaging the private sector requires not only opening the market, but also creating conditions under which businesses can develop sustainably.

The experience of the past five years demonstrates that Uzbekistan is fostering an environment in which doing business becomes tangible and predictable for foreign investors.

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Author of the material

Maftuna Rajabbayeva

maftuna@dunyo.info

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