New Growth Opportunities for Uzbekistan’s Industry Discussed

The event was attended by Jamshid Kuchkarov, Deputy Prime Minister of the Republic of Uzbekistan and Minister of Economy and Finance; Bob Sternfels, Global Managing Partner of McKinsey & Company; as well as experts from the World Bank, the International Finance Corporation, and other international organizations, representatives of government agencies, and specialists from the industrial and business sectors.

During the forum, participants held discussions on strategic approaches aimed at the long-term development of the country’s industry, enhancing its competitiveness, and ensuring sustainable economic growth.

In particular, the event provided an opportunity to exchange views on the concept of Uzbekistan’s Industrial Strategy until 2035. Attention was focused on the key priorities for industrial development, improving production efficiency, expanding the production of high value-added goods, and making more effective use of the country’s economic potential.

The panel discussions addressed global trends in industrial development, international experience, as well as the opportunities available to Uzbekistan and potential challenges. In particular, the discussions covered attracting investment, attracting major international investors, integrating into global value chains, expanding export potential, modernizing production sectors, and identifying new avenues for industrial growth.

The forum also featured thematic discussions on key industrial sectors. These covered priority issues related to the development of mining and deep processing, mechanical engineering, automotive manufacturing, consumer goods production, workforce training, energy, transport, infrastructure, and investment. Participants shared their views and proposals on development opportunities, existing challenges, and future priorities in the respective sectors.

The forum served as an important platform for dialogue aimed at refining the strategy concept, identifying priorities for industrial development, and ensuring the consistent continuation of further work.