Saida Mirziyoyeva, head of the Presidential Administration of Uzbekistan, held talks with executives of investment firm BlackRock in New York. She announced this on her official Telegram channel.
The meeting was attended by BlackRock President Robert Kapito, Vice Chairman Thomas Donilon, Global Infrastructure Partners CEO Adebayo Ogunlesi, Global Head of Financial and Strategic Investors Charles Hatami, and BlackRock’s Head of the Middle East Charles Hatami.
The parties discussed the launch of the Tashkent International Financial Centre, which is scheduled for 2027. According to Mirziyoyeva, “BlackRock is helping develop the concept and structure of the Centre”.
“Uzbekistan is opening up to major, high-quality investments”, the head of the Presidential Administration said.
A joint roundtable was also held with representatives of US business circles. The discussion focused on Uzbekistan’s and Central Asia’s development prospects over the coming decades.
BlackRock in Uzbekistan
In June 2025, Mirziyoyev met with Hamad bin Jassim Al Thani, Chairman of Al Mirqab Capital, and Adebayo Ogunlesi, Senior Managing Director of investment firm BlackRock. Following the talks, the parties agreed to adopt a roadmap for the systematic advancement of promising projects.
Minister of Investment, Industry and Trade Laziz Kudratov said Uzbekistan had presented Al Mirqab Capital and BlackRock with a portfolio of eight major investment projects covering transport, energy, infrastructure and tourism. A joint working group was established following the meeting to prepare feasibility studies and implementation terms.
The president met Ogunlesi again during his visit to the United States last September. The parties discussed expanding the strategic partnership with BlackRock, particularly in the development of energy, transport and water infrastructure.
The parties backed plans to establish a joint fund. The concept of the platform is expected to be agreed soon, followed by the practical implementation of joint projects.
Cooperation between Uzbekistan and BlackRock intensified at the beginning of the year after Global Infrastructure Partners (GIP), part of the BlackRock group, began talks with the Uzbek government on attracting long-term capital for industrial, energy and infrastructure projects.
In January, Investment, Industry and Trade Minister Laziz Kudratov held talks with GIP executives, while Uzbekneftegaz signed an information-sharing agreement with the company to assess potential investment projects in the oil and gas sector.
At the same time, Shavkat Mirziyoyev met with Ogunlesi on the sidelines of events in Davos. The president backed BlackRock’s initiatives to acquire stakes in several Uzbek companies, establish co-investment mechanisms and attract international expertise to improve the country’s investment climate.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
