20/11/2025
On 19 November, Tashkent hosted the 5th Interim Session of the Foreign Investors Council under the President of the Republic of Uzbekistan – a platform that brings together government and leading international investors to advance impactful reforms.
During the session, Erlan Dosymbekov, EY Managing Partner for the Caucasus and Central Asia, presented the latest progress of the two Working Groups led by EY: Improvement of the Tax Administration and Investment Climate. We appreciate that the Government supported all proposals developed within these groups, reaffirming our shared ambition to simplify business operations, enhance transparency and strengthen investor confidence.
Erlan also introduced EY’s proposal to establish a dedicated AI Working Group. With AI emerging as a potential USD 10 billion growth driver for Uzbekistan, coordinated and responsible development is essential. Drawing on EY’s global experience in supporting national AI strategies, the proposal highlights the need for early validation of use cases, data readiness and robust ethical safeguards – elements critical for Uzbekistan’s next phase of digital transformation.
The session brought together more than 50 major investors, which is a strong demonstration of the private sector’s engagement in shaping practical and meaningful reforms.
We extend our appreciation to the Ministry of Investment, Industry and Trade, the Secretariat of the Foreign Investors Council under the President of the Republic of Uzbekistan, and all participating authorities for fostering an open and productive dialogue.
Our thanks also go to the EY teams across Uzbekistan, Central Asia and the Caucasus for their dedication and expertise:
Sergey Bachmanov, Ruslan Khoroshvili, Anastasiia Khutko, Timur Pulatov, Nargiz Karimova.
