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Afghanistan

U.S. Transfers Afghan Black Hawk Helicopters From Uzbekistan to Peru

The United States has transferred UH-60 Black Hawk helicopters from Uzbekistan to Peru, as part of a broader strategy for managing military equipment evacuated from Afghanistan following the collapse of the former Afghan government in 2021, Diplomat.uz reported. The helicopters were initially supplied by the U.S. to the Afghan Air Force and were flown to Uzbekistan by Afghan pilots in August 2021, when the Taliban seized control of Kabul. According to Ukrainian media, the aircraft involved are UH-60A+ Black Hawks that remained outside Afghanistan after the Taliban’s takeover. Reports indicate that nine Black Hawks were delivered to Peru in 2024. In February 2025, an additional seven helicopters were transferred from Central Asia to the U.S., reflecting Washington’s phased approach to reallocating military assets left abroad after the withdrawal from Afghanistan. Defense experts say these transfers are part of a strategic effort to strengthen the capabilities of U.S. partner countries while resolving the status of equipment no longer operable by the Afghan National Defense and Security Forces. The Taliban, now in control of Afghanistan, has repeatedly insisted that all aircraft flown out in 2021 remain the property of Afghanistan and must be returned. On September 10, Taliban spokesman Zabihullah Mujahid claimed Uzbekistan had agreed to return 57 helicopters, calling the move a step toward rebuilding the country’s air force and improving bilateral relations with Tashkent. Uzbekistan’s Ministry of Foreign Affairs swiftly denied the claim. On September 11, ministry spokesperson Ahror Burkhanov stated that reports of an agreement to return the helicopters “do not correspond to reality” and labeled the information as false. Uzbek officials have consistently affirmed that the helicopters are U.S. property and emphasized their role in ensuring the aircraft did not fall into Taliban hands. According to the U.S. Department of Defense, 46 Afghan military aircraft, including Mi-17 and UH-60 helicopters, as well as PC-12, C-208, AC-208, and A-29 fixed-wing planes, were flown to Uzbekistan in 2021. An additional 18 aircraft were relocated to neighboring Tajikistan. Analysts say the ongoing redistribution of former Afghan military assets illustrates unresolved legal and political questions over equipment left behind in the wake of the U.S. withdrawal. The issue continues to influence regional diplomacy and international security calculations more than four years after the fall of the Afghan government.

TCA Interviews

Kazakhstan’s Independence Day: Plenty to Cheer, More to Consider

As Kazakhstan prepares to celebrate its Independence Day on December 16th, The Times of Central Asia (TCA) sat down with its special correspondent, Javier M. Piedra, a banker, corporate executive, writer, and seasoned international development expert whose professional ties to Kazakhstan date back to 2000. Piedra lived in Kazakhstan for 16 years. Over that time, he headed KPMG’s M&A (2007 – 2012), set up a credit bureau - the only one in the region at the time - and was a senior advisor for a private equity fund. He also taught corporate finance at Narxoz University. Back in Washington, he later managed USAID’s multibillion-dollar Asia Bureau under Donald Trump. Drawing on decades of experience in financial consulting, international development, and regional policy, Piedra offers wide-ranging insights into the nation’s evolution since 1991. In this conversation, he reflects on the mindset of Kazakhstan’s leadership – especially in recent years – that has led to, despite challenges, to its achievements - from economic reforms and institutional development to social progress and an increasingly dynamic national outlook. He highlights milestones worth celebrating, offers guidance to the next generation, and provides nuanced commentary on religious freedom and the country’s ongoing development path. The views expressed in this interview are those of the speaker and do not necessarily reflect the editorial position of The Times of Central Asia. TCA: As Kazakhstan marks Independence Day on December 16, what core achievements of the country are most worth celebrating at this moment in its history? Piedra: On December 16th, I expect – and this is good news – President Tokayev to repeat what he said last year, i.e., “I am convinced that by maintaining our unity, tranquility and stability in society, we will overcome all challenges and reach new heights on the path of progress.” Put simply, Kazakhstan can stay unified and stable despite challenges if it commits to doing so. People need to hear this message because it is positive, and the record supports his optimism. It is worth celebrating the country’s positive attitude and confidence in the future. Kazakhstan’s greatest achievement since independence, despite forces pushing in the contrary direction, has been the ability of its multiethnic and multicultural society to flourish. Kazakhstan has preserved unity, strengthened friendships with neighbors, ensured economic freedoms, and inspired its youth with hope, despite trials, corruption, and human shortcomings. Kazakhstan’s dedication to unity is strengthened by its refusal to get pulled into unnecessary geopolitical ambitions or Great Power maneuverings that tend to rob countries of their sovereignty; this mindset is worth celebrating on Independence Day. TCA: You mention “confidence in the future.” What does that mean in the context of Independence Day? Piedra: The early days of Independence were rough, very rough, not only for Kazakhstan, but for the rest of the countries of Central Asia. Since independence in 1991, Kazakhstan has worked hard to build social and institutional structures that enable people to have greater “confidence in the future,” and there were many mistakes made, but Kazakhstan came...

CAREC

ADB Commits $10 Billion to CAREC, $700 Million to Kyrgyzstan

At the 24th Ministerial Conference of the Central Asia Regional Economic Cooperation (CAREC) Program held in Bishkek on November 20, Asian Development Bank (ADB) President Masato Kanda announced a commitment of more than $10 billion in financing through 2030 to strengthen regional integration, connectivity, and resilience. The CAREC Program brings together 11 member countries – Afghanistan, Azerbaijan, China, Georgia, Kazakhstan, Kyrgyzstan, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan – along with international development partners, to promote sustainable economic growth through regional cooperation. Since its inception in 2001, CAREC has mobilized approximately $54 billion in funding for regional projects. The ADB serves as the host institution for the CAREC Secretariat. “Our vision for CAREC is clear: a region that is economically resilient, environmentally sustainable, socially inclusive, and digitally connected,” Kanda said in his keynote address. “We are scaling up support with over $10 billion in financing through 2030. These projects will catalyze greater integration, resilience, and shared growth.” During the conference, ministers endorsed the Bishkek Declaration, initiating formal negotiations on trade and investment facilitation. The initiative aims to reduce cross-border barriers, increase investment flows, and promote cooperation in emerging areas such as digital trade and the green economy. On the sidelines of the conference, Kanda met with Kyrgyz President Sadyr Japarov to reaffirm ADB’s commitment to Kyrgyzstan’s development goals. ADB plans to provide over $700 million in financing for the country between 2025 and 2027. “The Kyrgyz Republic has shown remarkable commitment to building a greener, more connected, and resilient future,” Kanda said. “As the country’s largest multilateral development partner, ADB is ready to deepen support for national priorities and strengthen Kyrgyzstan’s role as a regional leader in connectivity and clean energy.” Kanda also met with Chairman of the Cabinet of Ministers Adylbek Kasymaliev to sign a memorandum of understanding with the Ministry of Finance. The agreement outlines a new financing framework for 2026-2027 and includes three projects under the existing 2025 framework. These focus areas include green transformation, disaster resilience, and affordable housing. Altogether, the 2025 and planned 2026-2027 packages will provide more than $700 million in ADB support for Kyrgyzstan. Upcoming projects will aim to boost energy efficiency and climate resilience in public infrastructure, enhance water resource management and disaster preparedness, and improve access to energy-efficient housing and affordable mortgage financing.

Real Estate

Uzbekistan Emerges as Key Market for China’s Real Estate Giants

Since 2021, China’s property sector has been navigating one of the most severe downturns in its history. A combination of mounting developer debt, strict government lending rules, and a large stock of unsold housing has pushed the country’s real estate giants into prolonged distress. As speculative construction slows at home, Chinese companies are increasingly turning outward. Similar to firms in renewable energy, waste-to-energy, and electric vehicle industries, real estate developers now see foreign markets as essential for restoring balance and sustaining growth. In this broader search for new opportunities, Uzbekistan has emerged as a highly compelling destination for Chinese investment. The country offers a rare mix of rapid demographic growth and urgent housing needs that few markets can match. Uzbekistan’s population is expanding at a fast pace, and more than 60,000 new households form every year. This demographic surge is placing enormous strain on the country’s already limited housing stock. Official data shows that around 85,000 families are waiting for housing, yet annual construction increases the existing stock by only one to two percent. The result is a persistent shortage that cannot be resolved without sustained and large-scale capital investment. If this deficit remains unaddressed, it risks creating long-term social frustration. Against this backdrop, the interests of Chinese real estate developers and Uzbekistan’s housing priorities are beginning to align. Chinese firms looking for stable and high-demand markets increasingly view Uzbekistan as an attractive place to expand. Tashkent, in particular, has become a center of growing cooperation with Chinese partners. Several recent agreements illustrate this momentum. The Chinese firm TSC HK Investment is preparing a $340 million project for a residential complex and business center in the Chilanzar district of Tashkent. The city authorities have also signed agreements worth about $1 billion with CSCEC, including a major housing development valued at $440 million. Beyond the capital, another Chinese investor plans to allocate $250 million to build a modern complex covering 55 hectares in the city of Babur in the Andijan region. For Chinese companies, Uzbekistan offers a large and expanding market that helps absorb China’s massive overcapacity in construction services, heavy machinery, and industrial materials such as steel and cement. Investing in Uzbekistan not only eases domestic economic pressure but also allows Chinese firms to demonstrate their capabilities in shaping the daily lives of Uzbek families. Large residential projects provide opportunities to familiarize local communities with Chinese standards, technologies, and urban design practices. When these projects are executed successfully, they can contribute to a positive image of China and strengthen its soft power presence in the country. For Uzbekistan, China’s growing involvement brings several advantages. Chinese investment can help meet the country’s rapidly rising demand for housing and reduce the likelihood of long-term social frustration linked to shortages. Chinese developers often work with integrated models that go beyond simple residential blocks. They build high-density and multi-functional complexes combining housing, business centers, educational facilities, and public services. This approach aligns closely with Uzbekistan’s strategy to encourage sustainable urbanization, improve living conditions, and...

Wildlife Conservation

Russia’s Amur Tigers to Aid Restoration of Tiger Population in Kazakhstan

Kazakhstan and Russia have signed a formal action plan to reintroduce Amur tigers into Kazakhstan, marking a key step in restoring the region's long-extinct Turan tiger population. On November 12, Kazakhstan’s Ministry of Ecology and Natural Resources and Russia’s Ministry of Natural Resources and Environment agreed to transfer four Amur tigers, two males and two females from Russia to Kazakhstan. The animals will be relocated to the Ile-Balkhash State Nature Reserve in southern Kazakhstan, where they will undergo adaptation to local ecological conditions. According to Kazakhstan’s Ministry of Ecology, the reintroduction plan is scientifically supported. The now-extinct Turan tiger once roamed across Central Asia, the Caucasus, and northern Iran. Biologists believe that the Turan and Amur tigers, the latter native to Russia’s Far East, share the same genetic lineage. This provides a basis for using Amur tigers to revive the Turan population in Kazakhstan. Under the agreement, Russia will be responsible for veterinary oversight and transportation, while Kazakhstan will manage accommodation and post-transfer monitoring. The initiative is being implemented with support from the World Wildlife Fund (WWF) and the United Nations Development Programme (UNDP). In September 2024, two Amur tigers, a male and a female, were already transferred to the Ile-Balkhash Reserve from the Landgoed Hoenderdaell Zoo in the Netherlands. They are currently housed in a specially designed enclosure for breeding, with the aim of releasing their offspring into the wild. If successful, their cubs would be the first wild tigers to return to Kazakhstan in over 70 years. The southern shore of Lake Balkhash, located in the Ili River delta, was selected as the optimal site for tiger reintroduction. The Ile-Balkhash Reserve was created to rehabilitate the degraded ecosystems of the southern Balkhash region, with particular emphasis on restoring the tiger’s natural prey base. The reserve encompasses the last intact river delta in Central Asia, the Ili River Delta, whereas other major deltas such as those of the Syr Darya, Amu Darya, and Chu rivers have been severely degraded due to desertification. Officials say enhancing the prey base and preserving the area’s remoteness will help prevent human-wildlife conflict. Historically, Turan tigers inhabited reed beds and floodplain forests along the Ili and Syr Darya rivers. Tiger extermination in Kazakhstan began in 1891, when organized military hunts were conducted. The extinction of key prey species, including Bukhara deer, goitered gazelles, saigas, kulans, roe deer, and wild boars, combined with habitat loss, ultimately led to the disappearance of the Turan tiger by 1948. This is not Kazakhstan’s first species reintroduction effort. In June 2024, the country successfully reintroduced the first group of Przewalski’s horses to the Altyn Dala Nature Reserve in the Kostanay region. The horses were transported from the Prague Zoo.

Foreign Investment

Kazakhstan Courts Global Investment with Critical Minerals and Green Energy Push

Since gaining independence, Kazakhstan has established itself as a reliable global supplier of raw materials. Today, the country's economic structure is evolving as it positions itself as a high-added-value hub for industrial production. These developments are closely tied to Kazakhstan’s transition to a green economy and its role in global supply chains for critical minerals. Creating a Favorable Investment Climate Kazakhstan has taken significant steps to create a transparent, predictable investment environment and enhance its business competitiveness. Among these measures is the introduction of investment agreements that guarantee legislative stability for up to 25 years for large projects exceeding $60 million. The legal framework has also undergone reforms, procurement procedures have been modernized, and judicial reforms have created separate cassation courts and redefined the Supreme Court’s role. These reforms have drawn the attention of international investors and rating agencies. In 2024, Moody’s upgraded Kazakhstan’s long-term credit rating to the highest level in the country's history, citing macroeconomic stability and policy predictability. In the first nine months of 2025, GDP grew by 6.3%, while investment in fixed capital rose by 13.5% to reach $26 billion. Moody’s analysts also highlighted Kazakhstan’s stronger economic outlook compared to other hydrocarbon-exporting nations, attributing this to ongoing reforms that enhance the country’s competitiveness. One key driver is the rapid development of the transport and logistics sector, particularly through the Trans-Caspian International Trade Route, also known as the Middle Corridor. This corridor is attracting foreign investors across a range of non-oil sectors, including automotive, pharmaceuticals, food production, and construction materials. Kazakhstan is also home to the Astana International Financial Centre (AIFC), a platform that operates under English common law. The AIFC offers tax exemptions, simplified labor regulations, and digital arbitration. It currently ranks first in Eastern Europe and Central Asia in the Global Financial Centres Index. More than 4,200 companies from 80 countries, including over 60 American firms, are registered with the AIFC. Strategic Projects Take Shape Kazakhstan’s diversification strategy and focus on critical minerals were prominently showcased during the 8th Kazakhstan Global Investment Roundtable (KGIR-2025), held in Astana in October. The event attracted over 1,000 participants from 55 countries, resulting in the signing of 49 agreements worth $7.5 billion. A key session focused on critical minerals and the energy transition, signaling the country’s long-term growth trajectory. Among the highlights was a meeting between the government and Mohammad Vahid Sheikhzadeh Najjar, CEO of FakoorSanat Tehran Engineering Co., to explore cooperation in mining and metallurgy, including new technologies for processing mineral raw materials. Sheikhzadeh Najjar noted that the global market for critical minerals, currently valued at $328 billion, is expected to double by 2032. He emphasized that Kazakhstan is well-positioned to lead this growth. Environmental initiatives, such as a project to process 55 billion tons of mining waste, offer additional economic potential. Meanwhile, Chinese investor Zhang Jintao, founder of Chengdu Sepmem Energy, proposed a long-term plan to develop an LNG cluster in Kazakhstan. The project envisions a nationwide network of LNG plants and supporting infrastructure to reduce emissions...