Eurasian Development Bank Targets $300–500M in Uzbekistan

Deputy Chairman of the Eurasian Development Bank (EDB) Yaroslav Mandron has announced that the EDB intends to invest $300-500 million in projects across Uzbekistan in 2026.

Mandron made these remarks at the bank’s 2025 year-end press conference in Almaty, Kazakhstan, The Caspian Post reports via local media.

He highlighted Uzbekistan’s potential to increase exports to CIS countries by about 20 per cent through EDB support. He also noted that EDB member countries can finance projects in Uzbekistan, with the total project pipeline exceeding $1.5 billion.

For 2026, three key projects have been prioritized. The largest is the Almalyk Mining and Metallurgical Complex, with planned investments of $100-150 million, pending final government approvals. Airport infrastructure projects in Bukhara and Samarkand, as well as initiatives in the industrial and mining sectors, are also under active consideration.

Mandron added that EDB’s plans through 2028 envisage total investments of $1.5 billion in Uzbekistan, reflecting strong readiness to support the country’s economic development and collaboration with the bank’s new shareholder.