President Mirziyoyev invites global investors to tap Uzbekistan’s vast mineral resources

Speaking at the Tashkent Investment Forum, President of Uzbekistan Shavkat Mirziyoyev called on international investors to invest in the country’s mineral resources. He announced that investors who establish a full production chain – from geological exploration to finished products – will be eligible for a 10-year refund of the resource rent tax.

Photo: Presidential Press Service

During the plenary session of the 4th Tashkent International Investment Forum, President Shavkat Mirziyoyev delivered a keynote speech.

In his address, the head of state drew the attention of forum participants to Uzbekistan’s mineral resource potential.

“The Fourth Industrial Revolution is driving a significant increase in demand for technological minerals. Uzbekistan possesses large reserves of tungsten, molybdenum, magnesium, lithium, graphite, vanadium, titanium, and other critical minerals. Overall, the potential of our subsoil resources is estimated at $3 trillion.

We have every opportunity to turn our region into a hub for the production of high value-added products derived from these minerals. In this regard, we are developing ‘future metals’ technoparks in the Tashkent and Samarkand regions.

At this point, I would like to put forward a new initiative – one that I believe will be of great interest to companies and our esteemed guests present here today. Investors who establish an end-to-end value chain in this sector, from geological exploration to the production of finished goods, will be refunded the resource rent tax for a period of 10 years. I am confident that our long-term, fruitful cooperation with you will transform into mutually beneficial business partnerships in all the areas mentioned,” the President stated.

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