BAKU, Azerbaijan, August 18. Uzbekistan’s
entrepreneurs are moving from starting businesses to expanding
capital and scaling operations, President Shavkat Mirziyoyev
said.


This was reflected in the statement on the Official channel of
the Press Secretary of the President of the Republic of Uzbekistan,
following an open dialogue with the country’s business community in
Khorezm region.


“Today, our entrepreneurs are moving from the stage of ‘starting
a business’ to the stage of ‘increasing capital,’” Mirziyoyev
said.


Over the past five years, investment by businesses in fixed
capital has tripled to 363 trillion soums (about $30.6 billion),
reflecting the expansion of private-sector investment and
production capacity.


The number of districts where industrial output exceeds $100
million has also increased significantly, rising from 66 to 116
districts, according to data presented during the dialogue.


The services sector has expanded alongside the growth of
information technology, fintech and other service industries. The
number of districts where services have surpassed 1 trillion soums
(around $84.2 million) increased from 41 to 152.


Meanwhile, about 3,500 Uzbek companies are now working with
leading international marketplaces, giving local businesses greater
access to foreign consumers and markets.







The growth of businesses beyond their initial local operations
has also accelerated. More than 550 entrepreneurs who started their
businesses in their neighborhoods now operate dozens of branches
across Uzbekistan, while more than 300 businesses have created
their own national brands.


Mirziyoyev also highlighted the expansion of raw material
supplies, including copper, gold, rolled metals, polyethylene, PVC
and kaolin. The increased availability of these materials has
supported major growth in industries such as electrical
engineering, construction materials, pharmaceuticals, textiles and
furniture manufacturing.


At the same time, new industries have emerged, including
electric vehicle manufacturing, polymers, household chemicals,
green energy and jewelry production.


Modern automotive plants such as BYD, ADM Jizzakh and Sirdaryo
Asaka Motors have brought new technologies and industrial expertise
to Uzbekistan, further strengthening the country’s manufacturing
base.


The president’s remarks underscore the government’s focus on
helping Uzbek businesses move beyond small-scale operations toward
larger investments, stronger brands and higher-value industrial
production.