Uzbekistan’s collaboration with Saudi Arabia has evolved into a comprehensive economic partnership valued at over 27 billion dollars, with 2 billion dollars invested in the Central Asian country just since the beginning of this year. The cooperation spans renewable energy infrastructure, digital transformation, metal processing, and urban infrastructure modernization — creating a multifaceted opportunity landscape for international businesses eyeing the region.
Renewable energy becomes backbone of cooperation
The Saudi energy giant ACWA Power is implementing projects worth 15 billion dollars in Uzbekistan, focusing on wind and solar power stations across various regions, alongside green hydrogen development initiatives. A notable aspect of these energy projects is the commitment to incorporate locally manufactured components and equipment, which is expected to stimulate Uzbekistan’s industrial capacity and create supply chain opportunities for manufacturers.
Digital infrastructure expansion gains momentum
The Saudi company Data Volt is already constructing a modern data center in Tashkent, with plans to establish similar facilities in the emerging New Tashkent development and the historic city of Bukhara. This digital infrastructure buildout, coupled with artificial intelligence initiatives, signals Uzbekistan’s push toward becoming a regional technology hub — a transformation that requires significant construction, interior fit-out expertise, and specialized building materials.
Infrastructure modernization creates project pipeline
Saudi company Miahona is implementing wastewater treatment projects in Fergana and Jizzakh, while also developing water supply systems and modernizing pumping stations in Karakalpakstan. Additionally, Saudi Tabreed is advancing municipal utility development projects. A landmark infrastructure initiative — the construction of Tashkent’s new international airport — received its foundation stone, symbolizing the long-term nature of bilateral economic ties. These infrastructure ventures open doors for companies specializing in building materials, construction technologies, and facility management solutions.
The bilateral economic relationship has strengthened considerably, with mutual trade volumes growing steadily and aviation connectivity reaching over 60 flights weekly between the two countries. During a meeting with Saudi Arabia’s Minister of Investment Khalid al-Falih and executives from leading Saudi corporations — including ACWA Power, Al Muhaidib Group, Vision Invest, Data Volt, Riyadh Cables, AlMajdiah, InterHealth, Saudi Tabreed, AlBawani Holding, Miahona, and Pemco — Uzbekistan’s leadership outlined priority areas for expanded cooperation and invited Saudi businesses to participate in projects focused on infrastructure modernization and quality-of-life improvements.
For international companies in construction, interior design, building materials, and manufacturing sectors, this deepening Saudi-Uzbek partnership represents a gateway into Central Asia’s evolving market. The projects span from renewable energy facilities requiring specialized construction expertise to data centers demanding cutting-edge interior solutions, from industrial parks needing comprehensive fit-outs to urban infrastructure upgrades requiring diverse building products. Moreover, Uzbekistan’s commitment to using locally produced components in major projects creates opportunities for manufacturers willing to establish production presence in the country, potentially serving both the domestic market and the broader Central Asian region. The scale of investments, diversity of sectors, and explicit focus on full production cycles make this an attractive entry point for businesses seeking to establish themselves in a market demonstrating strong growth trajectory and increasingly favorable investment conditions.
