China powers Uzbekistan’s economic growth with record foreign investment

China has established itself as the foremost foreign investor in Uzbekistan, accounting for 39.9% of the nation’s total inbound foreign capital.

According to the National Statistics Committee, between January and September 2025, China led in the volume of utilized foreign investments and credits, representing $9.9 billion of the overall $24.9 billion, Caliber.Az reports.

Russia and Türkiye followed in second and third place, holding 7.8% and 7.7% of foreign investment, respectively. Other significant contributors included Saudi Arabia (3.8%), Germany (3.5%), and the United Kingdom (3.3%).

Experts attribute China’s dominant position to its extensive portfolio of ongoing projects, increased engagement of financial institutions, and substantial investments in industry and infrastructure.

At the same time, Uzbekistan continues to broaden the geographic diversity of its foreign investments, attracting capital from a growing range of countries to support its economic development and modernization efforts.

By Vafa Guliyeva