ALMATY, Kazakhstan, June 25. International
development banks play a significant role in Uzbekistan’s economic
development, Khurram Teshabaev, Deputy Minister of Investment,
Industry and Trade of Uzbekistan, said during the Annual Meeting
and Business Forum of the Eurasian Development Bank (EDB), Trend's special
correspondent reports from the event.


“The key point for us is that the greatest economic impact is
achieved through interregional cooperation, where countries of the
region combine resources, markets, and expertise to form integrated
production and logistics chains.


That is why Uzbekistan’s economic development is based on a
combination of private investment, international financing, and
modern technologies. International development banks play a
particularly important role in this process. They provide not only
financial resources but also international standards, technologies,
and management solutions necessary for implementing large-scale
interregional projects,” he said.


Teshabaev noted that there are several priority areas for
attracting investment where the involvement of development banks is
especially important.


According to him, the first priority is strengthening transport
connectivity among participating countries. This is a
capital-intensive sector that is open to joint financing.







He added that the second priority is industrial cooperation and
the development of value chains.


“We are interested in investments that support the creation of
joint high value-added production. Our priorities include deeper
processing of raw materials and localization of production through
the formation of new regional production chains,” he stressed.


The deputy minister said the third priority is the green economy
and sustainable energy.


“The fourth direction is the digital economy and artificial
intelligence. We are attracting investment into digital
infrastructure, data centers, and technology platforms within the
framework of our national AI development strategy. We also see
strong potential in cross-border e-commerce, AI implementation, and
workforce training for the digital economy,” he said.