• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00218 0%
  • TJS/USD = 0.10610 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00218 0%
  • TJS/USD = 0.10610 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00218 0%
  • TJS/USD = 0.10610 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00218 0%
  • TJS/USD = 0.10610 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00218 0%
  • TJS/USD = 0.10610 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00218 0%
  • TJS/USD = 0.10610 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00218 0%
  • TJS/USD = 0.10610 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00218 0%
  • TJS/USD = 0.10610 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%

Viewing results 1 - 6 of 6

Uzbekistan Deepens U.S. Partnership Through New Investment Council and National AI Strategy

Uzbekistan is advancing a broad effort to strengthen its relationship with the United States through new economic, diplomatic, and technological initiatives. A presidential decree establishing the Uzbekistan–U.S. Business and Investment Council, alongside a major artificial intelligence partnership with NVIDIA, underscores the country’s strategy to draw investment and accelerate digital development. A New Platform for Economic Engagement The creation of the Uzbekistan–U.S. Business and Investment Council follows President Shavkat Mirziyoyev’s recent participation in the C5+1 Summit, where regional connectivity and U.S.–Central Asia cooperation were central topics. The council will be jointly led by the Head of the Presidential Administration and a representative appointed by the U.S. administration, giving both sides a formal mechanism to coordinate investment priorities and oversee major projects. Uzbekistan expects the platform to support initiatives involving institutions such as the U.S. International Development Finance Corporation, the European Bank for Reconstruction and Development, and the Asian Development Bank. Officials have framed the council as part of a longer-term effort to expand trade, encourage U.S. private-sector engagement, and diversify the country’s investment base. Expanding Diplomatic Reach The government is preparing to significantly widen its diplomatic network in the United States. A new Adviser-Envoy will be assigned to the embassy in Washington beginning in 2026 to coordinate investment initiatives linked to the council. Plans are also underway to open additional consulates in Philadelphia, Chicago, Orlando, and Seattle, reflecting both the size of the Uzbek diaspora and growing interest in regional outreach. Uzbekistan’s shift toward deeper engagement includes a visa-free regime for U.S. citizens starting January 1, 2026, which will allow 30-day stays and support increased travel for business and education. Updates on foreign policy and consular matters are regularly published by the Ministry of Foreign Affairs. Expanding the National AI Ecosystem Alongside diplomatic and economic reforms, Uzbekistan is pursuing ambitious plans to grow its artificial intelligence capacity. During a recent visit to the United States, Digital Technologies Minister Sherzod Shermatov held discussions with leaders at NVIDIA on infrastructure development, AI governance, and workforce training. The ministry has positioned the partnership as a key step toward integrating international expertise into Uzbekistan’s digital transformation strategy. The cooperation includes the development of an AI Excellence Center powered by NVIDIA technology and supported by training programs from the company’s Deep Learning Institute. The center will provide training for educators and specialists, while universities begin preparing to introduce AI-focused academic programs and certification pathways. A Nationwide Investment in Digital Infrastructure Uzbekistan plans to deploy two national AI clusters by 2026 with a combined computing capacity of up to one megawatt. One cluster will support academic and research institutions, while the second will focus on public-sector systems and industrial projects, including automation, healthcare analytics, and digital government services. Funding is in place for NVIDIA-powered supercomputers that will be installed at leading universities, with procurement scheduled for late 2025. The government is also creating an Industrial AI Excellence Center backed by a $3 million investment. The facility is expected to begin operating in 2026 and will concentrate on...

Uzbekistan and U.S. to Create Joint Business and Investment Council

Uzbekistan has announced the establishment of the Uzbekistan-U.S. Business and Investment Council, a new institutional platform aimed at deepening trade, investment, and commercial cooperation between the two countries. The initiative was formalized by a presidential decree signed by President Shavkat Mirziyoyev on November 12. The council will be jointly chaired by the Head of the Presidential Administration of Uzbekistan and a representative appointed by the President of the United States. It follows agreements reached during President Mirziyoyev’s official visit to Washington from November 4–6, held within the framework of the “C5+1” summit. The council’s primary objective is to coordinate the development and implementation of strategic business initiatives and major investment and trade projects, while ensuring continuous monitoring of their progress. It will also work to attract new foreign investment through the creation of a dedicated investment fund, with participation expected from institutions including the U.S. International Development Finance Corporation (DFC), the European Bank for Reconstruction and Development (EBRD), and the Asian Development Bank (ADB). Uzbekistan will also expand cooperation in the IT sector by promoting the products and services of companies based in its national IT Park. Broader plans include diversifying the country’s investment portfolio and foreign currency reserves. To further strengthen diplomatic and economic engagement, a new position titled Adviser-Envoy of the Presidential Administration in the United States will be established at Uzbekistan’s Embassy in Washington beginning January 1, 2026. The envoy will oversee strategic investment initiatives and coordinate the work of the Business and Investment Council. The Foreign Ministry has also been instructed to expand Uzbekistan’s diplomatic presence across the United States, with preparations underway to open new consulates in Philadelphia, Chicago, Orlando, and Seattle, cities with significant Uzbek diaspora communities. Oversight of the council’s operations and implementation of the decree will be led by Saida Mirziyoyeva, Head of the Presidential Administration, who will serve as the Uzbek co-chair of the new council. The initiative forms part of Uzbekistan’s broader strategy to deepen cooperation with the United States, expand economic engagement, and build stronger institutional ties ahead of the planned visa-free regime for U.S. citizens in 2026. Uzbekistan currently maintains an embassy in Washington and a Consulate General in New York. As previously reported by The Times of Central Asia, Uzbekistan will introduce a visa-free regime for U.S. citizens starting January 1, 2026, allowing stays of up to 30 days. The change is intended to broaden engagement between the two countries.