By takumihamano 
Uzbekistan is experiencing significant economic developments across various sectors, including real estate, gold exports, and nuclear power. These changes are poised to impact the country’s economic landscape and offer new opportunities for growth and investment.
- Real Estate Market Trends:
Uzbekistan’s real estate market showed mixed trends in February 2025. While the number of transactions decreased by 12% month-over-month, there was a slight year-on-year increase of 1%. Tashkent’s secondary housing market saw a 0.3% price decrease, while primary housing prices increased by 2.5%. Notably, the most significant sales declines occurred in the Surxondaryo, Namangan, and Jizzakh regions, with Tashkent experiencing a 9.5% sales decrease. Despite these fluctuations, the overall market remains resilient, with some regions showing year-on-year price increases.
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Surge in Gold Exports:
Uzbekistan’s gold exports surged by 31.3% in January-February 2025, reaching $1.73 billion USD. This significant increase highlights the country’s growing role in the global gold market. Gold accounted for 37.3% of Uzbekistan’s total exports during this period, up from 36.3% in the same period of 2024. The total foreign trade turnover reached $10.8 billion USD, marking a 9.9% year-on-year increase.
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Nuclear Power Plant Development:
Uzbekistan is making strides in its energy sector with the construction of a small modular nuclear power plant (SMNPP) with a capacity of 330 MW. The project, which involves international partners from Europe and China, aims to enhance energy security and boost technological advancements. The plant will consist of six RITM-200N reactor units, with a minimum operational lifespan of 60 years. The project is expected to cost under $2 billion USD, with significant cost reductions already achieved through optimization efforts.
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These developments reflect Uzbekistan’s commitment to economic growth and modernization. The real estate market’s resilience, the surge in gold exports, and the ambitious nuclear power project are all indicators of a dynamic and evolving economy. Investors and businesses should keep a close eye on these trends as they present new opportunities for growth and collaboration in Uzbekistan.