Uzbekistan, Eurasian Development Bank create portfolio of 36 investment projects worth $2.8 bln

Home > Newsroom > Top Stories > Uzbekistan, Eurasian Development Bank create portfolio of 36 investment projects worth $2.8 bln

Uzbekistan, Eurasian Development Bank create portfolio of 36 investment projects worth $2.8 bln

TASHKENT. June 30 (Interfax) - Uzbekistan and the Eurasian Development Bank (EDB) have created a portfolio of 36 joint investment projects for a total sum of $2.8 billion, Uzbekistan's Ministry of Investment, Industry and Trade reported.

The ministry said that a delegation from Uzbekistan headed by Deputy Minister of Investment, Industry and Trade Khurram Teshabayev took part in the EDB's 20th annual meeting in Almaty on June 25-26.

"This was a historical summit for Tashkent, as this was the first time Uzbekistan has taken part in the official events of this financial institution as a full shareholder," the ministry said.

At the summit, Teshabayev conducted bilateral talks with EDB CEO Nikolai Podguzov.

"The parties have conducted a detailed review of a pre-formed portfolio of 36 joint investment projects worth approximately $2.8 billion. The plan is to use the announced financial resources to modernize and develop industries in Uzbekistan such as chemicals, textiles, light industry and processing. Apart from that, the investments will be invested in creating modern digital infrastructure, projects in the medical field and in developing the tourism industry," the statement reads.

The parties also discussed the prospect of holding the bank's next meeting in 2027 in Tashkent and the possibility of nominating a representative from Uzbekistan for the post of EDB board chairman.

The EBD is a multilateral development bank which carries out investment activities in countries of Eurasia. The EBD's portfolio comprised 326 projects with total investments of $19.6 billion at the end of 2025.

Its largest shareholders are currently Russia and Kazakhstan, while Armenia, Belarus, Kyrgyzstan, Tajikistan and Uzbekistan also participate. The EBD Council recently approved the potential entry of 11 states into the bank, including Mongolia, Azerbaijan, Georgia, Turkey, Turkmenistan and a number of Gulf countries - Bahrain, Oman, Qatar, Saudi Arabia and the UAE.