Uzbekistan and Georgia are strengthening their economic cooperation following a bilateral business forum held in Tbilisi. The event aimed to expand trade, investment, and industrial interaction.
Participants and Agenda
The forum opened with speeches by Laziz Kudratov, Uzbekistan's Minister of Investment, Industry, and Trade, and Mariam Kvirivishvili, Georgia's Minister of Economy and Sustainable Development. The event attracted about 300 representatives from state structures, financial institutions, free industrial zones, industry associations, consulting firms, and businesses from both countries.
Economic Indicators and Goals
During the forum, key economic indicators for Uzbekistan were presented: the country's economy has doubled since 2017, and its gross domestic product showed a growth of 7.7% in 2025. The number of enterprises with foreign capital in Uzbekistan has increased from approximately 4,000 in 2017 to 20,000 currently. Bilateral trade reached $268 million USD in 2025. Both sides confirmed their intention to increase this amount to $1 billion USD, as well as to expand industrial cooperation, joint investments, production projects, and operations in third-country markets.
Logistics and Industrial Development
Significant attention was paid to transport and logistics. Participants discussed ways to more effectively utilize the potential of the Middle Corridor, as well as Georgia's role as an outlet for Uzbekistan to the Black Sea and European markets. A project was planned to create a trade and logistics and production center in the Poti Free Industrial Zone. Furthermore, the countries announced plans to implement an industrial cooperation program by 2027, which will serve as a practical basis for joint production and investment initiatives.
Cooperation Prospects
Potentially promising areas for interaction include pharmaceuticals, agribusiness, energy, electrical industry, and digital services. Georgian companies were invited to consider establishing production facilities in Uzbekistan, including the Tashkent Pharmaceutical Park innovation cluster, to access Central Asian markets. In the field of information technology, fintech, e-commerce, artificial intelligence, business process outsourcing (BPO) services, and the digitalization of trade and logistics processes were discussed.
Finance and Tourism
Participants emphasized the importance of financial interaction, citing the activities of TBC Bank in Uzbekistan, where TBC Bank Group and its partners have invested over $460 million USD. Future plans include expanding the use of financial instruments to support infrastructure, export, and industrial projects. Tourism was also an important topic: data showed that the number of tourists from Georgia to Uzbekistan has increased by more than 2.5 times compared to 2019, and trips by Uzbek citizens to Georgia grew by 50.2% in 2025. Both sides noted the potential for jointly developing tourist routes, hotel business, wellness tourism, and hospitality training.
Forum Conclusion
The business program included presentations by George Pertay, President of the Georgian Chamber of Commerce and Industry, and Roxana Nesor, Director of the Uzbekistan Investment Promotion Agency, as well as representatives of Georgian investment structures and Uzbek companies. The forum concluded with the signing of several bilateral documents, as well as holding B2B and G2B meetings aimed at developing joint and mutually beneficial projects.