Uzbekistan and the US Agree on $12 Billion in Projects
During the US delegation’s visit to Samarkand, Uzbekistan and the United States signed a package of 54 agreements covering trade, investment and technology cooperation.
The agreements cover industrial modernisation, transport and energy infrastructure, and the development of the financial sector, agriculture, healthcare, education and digital technologies. Critical minerals are also a key area of focus.
What projects are included in the package?
The cooperation spans aviation, railway equipment, international capital markets, mining and satellite connectivity.
Aviation and railways. GE Aerospace is set to supply engines for new aircraft operated by Uzbekistan Airways. Cooperation with Wabtec includes plans to localise railway equipment and component production in Uzbekistan.
Financial sector. Agreements involving Franklin Templeton, Oppenheimer & Co., Citigroup and BlackRock aim to expand Uzbek companies’ access to international capital markets, attract institutional investors and support infrastructure financing.
Critical minerals. Cooperation with ReElement Technologies, Traxys and Trafigura focuses on mineral exploration and development, technological cooperation and mineral supply.
Digital technology, healthcare and agriculture. Cooperation with Amazon Leo, GE HealthCare and Valmont Industries is aimed at expanding satellite connectivity, introducing advanced medical technologies and improving agricultural efficiency.
Beyond investment: what else did the two sides discuss?
On October 19, Uzbek President Shavkat Mirziyoyev met US Secretary of State Marco Rubio, who was visiting the country to attend the C5+1 ministerial meeting and the second meeting of the US–Uzbekistan Business and Investment Council.
Bilateral trade turnover grew by 35% in the first nine months of 2026. Economic cooperation spans civil aviation, automotive manufacturing, mining, energy, agriculture, digitalisation and financial services.
The two sides also discussed cooperation in security, education, culture, innovation and technology. Other areas identified for further development include the downstream processing of critical minerals, energy infrastructure, data centres and the use of artificial intelligence in industry, agriculture, education and public administration.
The wider regional picture
On the same day, Samarkand hosted a C5+1 ministerial meeting bringing together the United States and the five Central Asian countries: Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan.
Participants discussed trade and economic ties, investment, transport, energy and digital infrastructure, as well as cooperation on critical minerals.
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