NEGlobal: "Transforming Central Asia from a frontier market to a stable investment"

 

 "Transforming Central Asia from a frontier market to a stable investment"

Wilder Alejandro Sanchez

NEGlobal

21 December, 2024

Originally: https://www.neglobal.eu/transforming-central-asia-from-a-frontier-market-to-a-stable-investment/ 

Central Asia is considered a frontier market. However, at least two of the five countries that constitute this region, namely Kazakhstan and Uzbekistan, are eager to diversify their economies and attract investors to new industries. While global geopolitics will remain unstable throughout 2025, Astana and Tashkent want to reassure investors that, in a volatile world and geographically distant region, investors should feel confident about “taking a chance” and investing in these countries.

To attract new investors, both governments are creating special economic zones and tax-free regimes that are more investor friendly. The two countries also engage in public relations campaigns to approach potential Western investors. For example, Uzbekistan organized the Third Tashkent International Investment Forum this year. There are also events in Washington, DC, as the American-Uzbekistan Chamber of Commerce (AUCC) co-hosted a panel titled “Beyond Geopolitics: Strengthening U.S.-Central Asia Ties through Trade and Investment,” held on December 12 at the George Washington University in the U.S. capital.