Uzbekistan discussed the possibility of engaging the international consulting company McKinsey & Company to develop the national Industrial Development Strategy until 2035. The meeting with representatives of the American company took place at the Agency for Strategic Development and Reforms.
Participants in the meeting reviewed the concept of the proposed strategy and the main priorities of industrial policy. The Ministry of Economy and Finance intends to hire McKinsey to provide consulting support in drafting this document.
The strategy is expected to focus on increasing the competitiveness of Uzbekistan's industry in both regional and global markets. The development of human capital and consideration of risks associated with changes in external market conditions are also planned.
The document will also take into account domestic market opportunities and Uzbekistan's accession process to the World Trade Organization (WTO). Another priority will be the development of industries considering the specific characteristics of individual sectors and regions, including national, regional, district, and mahalla levels.
It is planned that the document will include principles of environmental, social, and corporate governance (ESG) to assess the corresponding impact. McKinsey representatives emphasized the strategic importance of localizing industrial production and expressed readiness to cooperate with Uzbekistan in this area.
The Agency for Strategic Development and Reforms coordinates the involvement of foreign experts and consulting firms by state bodies within the framework of structural reforms. Its mandate was established by Presidential Decree No. UP-201 dated October 30, 2025. Following the meeting, the parties agreed to hold regular consultations on the main directions of the future strategy, including regional industrial specialization.
