The inaugural GTF Fergana Investment and Tourism Forum, held at the historic Palace of Khudáyár Khán, has concluded with remarkable success, signaling a new chapter for Fergana as a burgeoning hub for tourism and investment in Central Asia.
The forum attracted delegations from over 30 countries, including global leaders, investors, and industry experts, culminating in the signing of $25 million in initial investment contracts.
Expectations are high, with projections of the total investment reaching $250 million within the next year.
Key Highlights
Landmark Developments in Hospitality
Bulut Bağcı, President of the World Tourism Forum Institute, hailed the event as a transformative moment for the region. “We are thrilled with the overwhelming success of this event.
Fergana’s potential as a tourism and investment hub has gained serious international recognition.
We have already initiated plans to establish the first international five-star hotel chain in the region, which will elevate the hospitality sector and enhance Fergana’s standing as a global destination.”
Governmental Commitment to Growth
Regional Governor Khayrullo Bozorov emphasized the forum’s pivotal role in shaping Fergana’s future. “The success of this forum marks a turning point for Fergana.
With these significant investment contracts, we are on track to realize our vision of becoming a leading hub for tourism and business in Central Asia.
Our commitment to creating a welcoming environment for international investors remains unwavering.”
Deputy Governor Nuriddin Mamajonov highlighted the region’s growing investment climate, stating, “Through strategic reforms, Fergana’s industries, particularly in textiles and crafts, have attracted substantial international interest.
The contracts signed today reflect our dedication to fostering economic growth and opening new opportunities for investors.”
Strengthening Regional Collaboration
Gul Muattar Ergen, Director of the World Tourism Forum Institute in Turkic States, underscored the importance of cross-border collaboration.
“This forum showcases the growing spirit of cooperation within the Turkic world.
Fergana is rapidly becoming a focal point for cross-border investments, leveraging shared cultural and economic ties to drive sustainable development.”
Khurshidjon Ahmedov, Deputy Governor of Fergana Region, highlighted infrastructure development as a priority for sustained growth.
“Enhancing connectivity through improved transport networks and new airline routes will ensure Fergana’s long-term success as a prime destination for tourism and investment.”
Focus on Sustainable Development
The forum’s theme, “Heritage Leads Opportunities,” celebrated Fergana’s rich cultural heritage as a foundation for economic growth.
Kairatt Sadvakassow, President of the Kazakh Tourism Committee, remarked, “Heritage is the cornerstone of sustainable investments.
Fergana’s traditional crafts and cultural wealth present unique opportunities for meaningful partnerships and economic expansion.”
Deputy Minister of Investments, Industry, and Trade Akram Aliyev reinforced Uzbekistan’s commitment to fostering a favorable investment environment under the leadership of President Shavkat Mirziyoyev.
Meanwhile, speakers like Isiaka Abdulqadir Imam of the D-8 Organization for Economic Cooperation and Omar Imtiaz of Imtiaz Holdings UK highlighted the region’s dynamic potential and collaborative opportunities.
Looking Ahead
The GTF Fergana Investment and Tourism Forum established itself as a significant platform for fostering long-term partnerships and promoting sustainable development.
With a focus on expanding infrastructure, enhancing connectivity, and preserving cultural heritage, the forum laid a strong foundation for Fergana’s emergence as a key player in Central Asia’s tourism and investment sectors.
The region looks forward to building on this momentum as it aims to host the forum as an annual event.
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