TASHKENT, Uzbekistan, May 22. Uzbekistan’s
digital ecosystem Uzum has become a partner of the 5th Tashkent
International Investment Forum (TIIF), Trend reports citing Uzbek Ministry of
Investment, Industry and Trade.
The Uzum ecosystem, which includes e-commerce, fintech, banking
services, and logistics infrastructure, operates within these key
growth sectors and serves as a partner of TIIF.
In recent years, Uzum has developed into one of the largest
technology projects in Uzbekistan. The ecosystem is used by more
than 20 million people on a monthly basis. It integrates a
marketplace, express delivery services, banking and fintech
products, as well as its own logistics network.
Uzum has also become the country’s first IT unicorn, with an
estimated valuation of $2.3 billion. Its investors include China’s
Tencent, U.S.-based VR Capital, the Oman Investment Authority, and
venture fund FinSight Ventures. International investment in the
ecosystem has exceeded $300 million, reflecting strong global
confidence in Uzbekistan’s digital potential.
Uzum’s participation in the forum reflects broader efforts to
advance the modern economy, attract international investment, and
generate new growth opportunities.
“Becoming a partner of the Tashkent International Investment
Forum and showcasing Uzbekistan’s investment potential is a great
honor for us,” said Uzum founder and CEO Djasur Djumayev. “We
observe strong interest from international partners in the country,
its economy, and its technology sector, and we are pleased to
welcome investors and business representatives from around the
world to Tashkent.”
Uzbekistan is among the fastest-growing economies in the region
and globally, with digital services playing an increasingly
significant role in its development. E-commerce already accounts
for nearly 5% of the country’s retail trade and is projected to
increase to 9–11% by 2027. According to KPMG forecasts, the market
could reach $2.2 billion, driven by rising internet penetration,
logistics development, and the expansion of digital financial
services.
The Tashkent International Investment Forum (TIIF) is a
high-level event that takes place on an annual basis in Uzbekistan.
It provides a platform for global investors, government officials
and international organizations to meet and promote foreign
investment and economic cooperation. It showcases investment
opportunities in key sectors such as energy, transport,
infrastructure, finance, agriculture, and digital technologies,
while also supporting privatization and public-private partnership
projects. The forum plays a pivotal role in facilitating the
signing of agreements, fostering discussions on reforms, and
consolidating Uzbekistan's standing as a promising investment hub
in Central Asia.
