TASHKENT, Uzbekistan, January 2. The year 2025
became a milestone for the National Investment Fund of Uzbekistan
(UzNIF) and Franklin Templeton, which serves as the fund’s manager
and trustee, according to Marius Dan, CEO for Central Asia at
Templeton Global Investments,
Trend reports via the CEO’s social media.
Dan noted that Franklin Templeton’s mandate in Uzbekistan is
based on three core pillars: transforming portfolio companies,
strengthening corporate governance, and listing both the fund and
key portfolio companies. He said that in 2025, tangible progress
was achieved across all three areas, moving from diagnostics to
implementation and laying a solid foundation for the fund’s next
stage of development.
Dan emphasized that these achievements were made possible thanks
to strong support from the Ministry of Economy and Finance, the
National Agency for Perspective Projects, and the Presidential
Administration, as well as a dedicated local team established in
Tashkent.
Looking ahead, he said Franklin Templeton views 2026 with
confidence, aiming to build on the momentum achieved and continue
supporting the next phase of Uzbekistan’s economic development.
UzNIF was officially launched in May 2025 as part of
Uzbekistan’s broader economic reform agenda aimed at modernizing
state-owned enterprises, strengthening investor confidence, and
developing a modern domestic capital market. In October, UzNIF held
its first Investor Day in Tashkent, which brought together more
than 200 regional and international investors. The high level of
engagement highlighted growing global interest in Uzbekistan and
underscored the fund’s role in opening the country to international
capital markets.
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