Saida Mirziyoyeva to lead Tashkent International Financial Centre
Saida Mirziyoyeva, head of the Administration of the President of Uzbekistan, has been appointed manager of the Tashkent International Financial Centre (TIFC) alongside her current position as the country moves towards launching a new financial hub aimed at attracting international investment.
According to a presidential decree, Mirziyoyeva will serve as secretary-general of the centre’s council, organising its agenda and chairing meetings in the chairman’s absence. She will also coordinate between state institutions and the centre as it prepares for its operational launch.
Beyond coordinating the centre’s agenda, Mirziyoyeva will have other duties. She will represent the TIFC to international organisations, investors, and partners both in Uzbekistan and abroad. She will suggest Financial Services Authority leadership and participate in senior appointments, including the centre’s executive director and deputies.
The TIFC manager can sign agreements, form working groups, and hire outside experts as the institution grows.
The appointment comes as Uzbekistan builds the institutional and legal framework for the TIFC, which the presidential decree established in March 2026. The centre is expected to begin operations in early 2027.
TIFC designed to attract international investors
A constitutional law signed in July established a special legal regime for the TIFC. English common law and principles of equity will apply within the centre, while a dedicated Tashkent International Commercial Court will handle commercial disputes. English will also be the official language of the centre.
The government says the centre aims to strengthen investor protection, attract foreign financial institutions, and position Tashkent as a regional financial hub. The framework also provides for the free movement of capital and settlements in any currency, while authorities have announced plans for preferential tax treatment for participants.
The centre will initially receive $20mn in funding from Uzbekistan’s Fund for Reconstruction and Development, with additional financing to come from the state budget, participant contributions and fees for services.
