The fifth edition of the Tashkent International Investment Forumended with 166 signed agreements worth $43.1bn (€37.6bn), including 139 new projects valued at $31.8bn (€27.7bn), according to figures released after the event.

More than 10,000 participants registered for the three-day gathering, including 3,802 foreign delegates from 102 countries. The figures show the forum’s international reach. The next stage is financing and implementation.

Uzbek President Shavkat Mirziyoyev said the country’s investment policy was intended to deliver more than an inflow of foreign capital.

“For us, investment is far more than a source of capital. It is a catalyst for advanced technologies, modern knowledge and expertise, new jobs and development that keeps pace with the demands of a rapidly changing world,” he told participants.

Reforms face a market test