BAKU, Azerbaijan, June 24. Investment in
Uzbekistan’s information and communications sector reached 3.1
trillion soms (approximately $257 million) in the first quarter of
2026.
These numbers were reflected in the statement published by the
National Statistics Committee of Uzbekistan, marking the highest
level recorded for the period in recent years.
The figure represents investment in fixed capital from all
financing sources during the January–March period. Of the total
amount, 2.4 trillion soms (about $199 million) came from foreign
investment and loans, underscoring the sector’s growing appeal to
international investors.
Statistics show a significant increase compared with previous
years. Investment in the sector totaled 1.6 trillion soms (about
$133 million) in the first quarter of 2022, 1.1 trillion soms
(approximately $91.4 million) in 2023, 2.3 trillion soms (about
$191.2 million) in 2024, and 1.7 trillion soms (approximately
$141.3 million) in 2025 before rising to 3.1 trillion soms (about
$257.8 million) in the first three months of 2026.
The strong growth reflects Uzbekistan’s ongoing efforts to
accelerate digital transformation, expand telecommunications
infrastructure, and develop its information technology ecosystem.
Increased investment is expected to support the rollout of advanced
communication networks, digital services, data infrastructure, and
technology-driven business solutions.
Analysis
“The sharp rise in investment suggests growing confidence in
Uzbekistan’s digital economy, which has become a key priority under
the country’s modernization agenda. The fact that nearly 77% of
total investment came from foreign sources indicates sustained
international interest in Uzbekistan’s telecommunications and
technology sectors.” the Trend‘s analysis said.
The year-to-year trend suggests that Uzbekistan is placing
increasing emphasis on the development of its digital economy and
communications infrastructure. While investment levels fluctuated
between 2022 and 2025, the sharp rise in the first quarter of 2026
indicates renewed momentum in the sector. The growth may reflect
the launch of new telecommunications, data infrastructure, and
digitalization projects, as well as stronger investor confidence in
the country’s long-term technology and connectivity development
plans. The high share of foreign financing also points to growing
international interest in Uzbekistan’s expanding ICT market.
As the government continues to promote digitalization across
public services, finance, education, and industry, demand for
modern communications infrastructure is likely to remain strong.
Rising investment levels could help improve connectivity, attract
technology companies, and strengthen Uzbekistan’s position as an
emerging digital hub in Central Asia.
