Investment Climate Push: President Mirziyoyev reviewed 120 new investor proposals aimed at speeding reforms and modernizing Uzbekistan’s rules, with priority focus on investment conditions, tax and cadastral systems, banking and corporate governance, plus energy and AI-driven digital economy growth. TIIF Deal-Making: At TIIF 2026, Uzbekistan and Iraq launched a joint business council to unlock trade and joint manufacturing in food, electrical engineering and construction. Digital Infrastructure Financing: DataVolt secured up to $150m in non-recourse financing for a 12MW AI-ready green data center in Tashkent, alongside local training plans to build digital skills. Regional Finance Boost: The European Investment Bank opened a Central Asia regional office in Tashkent to support projects across transport, hydropower, water management and digital connectivity, with a €1bn pipeline under consideration. FDI Snapshot: Foreign-invested enterprises in Uzbekistan rose to 19,921 by June 1, with China leading (5,821) and Russia second (3,349). Housing Market Watch: Tashkent home prices in May diverged by size—small apartments drove gains while larger units softened. Cross-Border Connectivity: Indonesia’s trade officials urged stronger cross-regional economic links, positioning Uzbekistan as a gateway between Southeast Asia and Central Asia. ASEAN Outreach: Uzbekistan is in final talks to accede to ASEAN’s Treaty of Amity and Cooperation, targeting formalization at the ASEAN foreign ministers’ meeting in Manila in July.