Uzbekistan announced the initial results of implementing a new system of industrial cooperation and public procurement, launched according to Presidential Decree No. PF-17 dated February 4, 2026.
Uzbekistan announced the initial results of implementing a new system of industrial cooperation and public procurement, launched according to Presidential Decree No. PF-17 dated February 4, 2026.
The creation of the Agency for Industrial Cooperation and Public Procurement unified production localization, industrial interaction, public procurement, and value chain development into a single management system. The goal of this reform is to form an integrated 'order-production-technology-science-public procurement' model to expand the output of import-substituting goods, increase the share of domestic producers in public procurement, and strengthen ties between enterprises.
In the first half of the current year, 1,746 projects were implemented under the Localization Program. These projects allowed for the start of local production of dozens of goods previously imported. Examples of these achievements include the production of sodium cyanide at the Navoiyazot enterprise, seats for BYD cars at O‘z-Tong Hong Kompani, interior trim elements for KIA Sonet at O‘z-Hanwoo in the Andijan region, and printed circuit boards at Vodiy Circuits in the Namangan region. Overall, 83 new types of products were launched, resulting in a total import substitution worth $3.8 billion.
Ahead of the sixth Open Dialogue between the President and entrepreneurs, the Agency held meetings in 208 districts and cities across the country. More than 2,700 entrepreneurs participated in these meetings, raising 447 questions concerning production, localization, public procurement, certification, and industrial cooperation. 155 issues were resolved during the meetings, official clarifications were provided for 75, and specific follow-up control measures were defined for 214 questions. Furthermore, National Industrial Chain exhibitions held in the regions of Akhangaran and Samarkand gathered major buyers, local producers, research organizations, and technology suppliers. These events led to the signing of agreements and contracts worth 3.8 trillion soms, and also showcased 856 new products with a potential localization value of $1.5 billion. Most of the agreements reached are related to public procurement, industrial cooperation projects, and plans for launching new production.
The new system places particular emphasis on increasing the share of added value created within Uzbekistan. Within the investment portfolio of $53 billion this year, the potential for domestic value creation is estimated at $21.1 billion. In projects valued at $27.6 billion implemented in the first half of the year, the share of added value generated in the national economy reached 36%. The total volume of public procurement for the first six months amounted to 188.4 trillion soms, including 72.9 trillion soms in budgetary procurement and 115.5 trillion soms in corporate procurement. Competitive procurement accounted for 60% of the total volume, which allowed for savings of 7.8 trillion soms from budget funds. To enhance procurement transparency, digital technologies are being introduced: currently, 90% of offers on the Republican Commodity Exchange of Uzbekistan and 75% of orders on the Cooperation Portal undergo automated moderation using artificial intelligence. A new preferential loan product has also been launched on the Cooperation Portal, amounting up to 100 million soms to cover deposits and commissions, which is interest-free for 30 days. Currently, 48 enterprises have received such loans totaling 5.9 billion soms.
During the reporting period, the Agency conducted over 30 meetings with international financial institutions and organizations. Cooperation has been established with the World Bank, the Asian Development Bank, the Islamic Development Bank, Ernst & Young, and other international partners to improve public procurement, develop local content, and strengthen institutional capacity. The Agency has also signed several cooperation memoranda and studied the experience of over 40 countries. In the second half of 2026, the Agency will continue to develop the system of industrial cooperation and public procurement. Key priorities include holding new National Industrial Chain exhibitions focused on the energy, chemical, and petrochemical sectors, expanding the participation of domestic producers in public procurement, launching an AI-based module for determining average market prices, and further digitizing procurement processes. Additional plans include organizing the 'Made in Uzbekistan' exhibition, a Regulators Forum, launching a modern training and certification platform for public procurement employees, and preparing for the PRIMO-19 international forum, which will take place in Tashkent in 2027.
According to a review by the Central Bank of the domestic foreign currency market, international money transfers to Uzbekistan amounted to $9.3 billion USD for the period from January to June 2026.
This figure showed a 13% increase compared to the same period in 2025, when the inflow was $8.2 billion. Furthermore, it exceeded the level of the first half of 2024, which reached $6.5 billion, by 44%.
During the reporting period, outflows through international money transfers amounted to $1.3 billion USD. This volume remained virtually unchanged over the last three years, comparing to $1.25 billion in 2024 and $1.23 billion in 2025.
As a result of this data, the positive balance of cash flows reached $8 billion, an increase compared to $7 billion the previous year.
The Central Bank noted that the inflow of remittances has become one of the most important factors ensuring the stability of the domestic foreign currency market. Together with the increase in export revenues and the growth in foreign currency sales by households, these factors contributed to the supply of foreign currency growing faster than demand, helping to maintain the stability of the national currency.
As of the end of June, the exchange rate was 12,009 soms per one USD, which has not changed since the beginning of the year.
