The World Bank Group has outlined a set of policy recommendations aimed at unlocking private investment and generating more than 300,000 jobs in Uzbekistan, according to a new Country Private Sector Diagnostic (CPSD) released on July 6, 2026.
The report identifies logistics, tourism, and pharmaceuticals as three high-potential sectors where targeted reforms could significantly attract private capital, improve competitiveness, and stimulate employment. If implemented effectively, these measures could draw an estimated $5.2 billion to $6.4 billion in private investment over the medium term.
Uzbekistan has made notable economic progress since launching market-oriented reforms in 2017, improving its business environment and raising income levels. However, the World Bank emphasizes that continued transformation will require deeper sector-level reforms to reduce regulatory barriers, address infrastructure gaps, and strengthen workforce skills.
In logistics, the report highlights opportunities in road freight and warehousing, particularly along regional trade corridors. Reforms such as simplifying land acquisition processes and improving digital access to freight permits could attract up to $1 billion in investment and generate over 100,000 jobs. These changes would also strengthen Uzbekistan’s role as a regional transit hub.
The tourism sector is identified as another major growth driver, with significant untapped potential in cultural and nature-based tourism. Policy improvements in land leasing, workforce development, and site management could unlock up to $4.2 billion in investment and create around 180,000 jobs, while diversifying the country’s tourism offerings.
In pharmaceuticals, the report points to growing demand for generics and dietary supplements. Strengthening regulatory systems, improving manufacturing standards, and streamlining drug approval processes could attract nearly $188 million in investment and create up to 20,000 jobs, positioning Uzbekistan as a stronger regional supplier.
World Bank officials noted that sustained economic transformation will depend on continued reforms that promote competition, reduce barriers to entry, and support private sector development. The organization emphasized that these changes are essential for building a more dynamic, private sector–led economy capable of generating long-term inclusive growth.
The findings align with Uzbekistan’s broader 2030 development strategy, which focuses on expanding private sector participation, improving human capital, and transitioning toward a greener and more resilient economic model.
