Tajikistan aims to attract $15.7 billion in investment up to 2030
The Government of Tajikistan has approved the State Investment Program for 2026–2030, which envisages the implementation of 864 investment projects with a total value of 15.7 $ billion. The program is aimed at attracting both domestic and foreign investment into priority sectors of the economy.
According to the document, a significant share of the projects currently lacks secured funding sources. The authors note that this creates broad opportunities for the participation of international financial institutions, donors, and the private sector. Overall, projects worth more than 11 $ billion remain open to potential investors.
Energy and transport as key priorities
The largest share of investment is planned for the energy sector, accounting for 41% of the total program volume, or 6.4 $ billion across 37 projects.
The transport sector ranks second, with 22% of total investment, or 3.5 $ billion.
Other priority areas include agriculture and irrigation (13%), water supply and sanitation (8%), as well as education, science, healthcare, and other sectors.
It is expected that 801 projects worth 10.1 $ billion will be financed through grants and technical assistance, while 63 projects totaling 5.6 $ billion will rely on loans or blended financing. At present, funding sources have been identified for only 125 projects worth 4.3 $ billion, while investors have yet to be secured for the remaining 739 projects.
Green energy and export potential
The program highlights Tajikistan’s significant potential in renewable energy. Currently, 98% of electricity generation in the country comes from renewable sources, with plans to reach 100% by 2032.
In the long term, Tajikistan is expected to become a major electricity exporter in the region. The country’s hydropower potential is estimated at 527 billion kWh per year, of which only about 5% has been utilized. Opportunities for solar and wind energy development also remain substantial.
Economic growth and poverty reduction
The document also summarizes the results of the previous 2021–2025 program. Between 2021 and 2024, Tajikistan’s economy grew at an average annual rate of 8,5%, GDP reached 153.4 billion somoni in 2024, and foreign investment over the past five years totaled 11.4 $ billion.
During this period, the poverty rate declined from 26,3% to 20,4%. Citing World Bank data, the authors note that Tajikistan ranks among the top ten countries worldwide in terms of poverty reduction over the past 15 years.
Focus on the private sector and PPP
The authorities also plan to expand public-private partnership (PPP). To date, 15 PPP agreements worth more than 503 million somoni have been signed, creating over 667 jobs.
In addition, Tajikistan operates five free economic zones with 107 registered companies. Investors are offered more than 240 types of guarantees and incentives, including tax and customs benefits.
According to the program’s authors, successful implementation will help mobilize funding for key projects despite budget constraints and accelerate development in energy, transport, agriculture, the digital economy, and social sectors.
According to the document, a significant share of the projects currently lacks secured funding sources. The authors note that this creates broad opportunities for the participation of international financial institutions, donors, and the private sector. Overall, projects worth more than 11 $ billion remain open to potential investors.
Energy and transport as key priorities
The largest share of investment is planned for the energy sector, accounting for 41% of the total program volume, or 6.4 $ billion across 37 projects.
The transport sector ranks second, with 22% of total investment, or 3.5 $ billion.
Other priority areas include agriculture and irrigation (13%), water supply and sanitation (8%), as well as education, science, healthcare, and other sectors.
It is expected that 801 projects worth 10.1 $ billion will be financed through grants and technical assistance, while 63 projects totaling 5.6 $ billion will rely on loans or blended financing. At present, funding sources have been identified for only 125 projects worth 4.3 $ billion, while investors have yet to be secured for the remaining 739 projects.
Green energy and export potential
The program highlights Tajikistan’s significant potential in renewable energy. Currently, 98% of electricity generation in the country comes from renewable sources, with plans to reach 100% by 2032.
In the long term, Tajikistan is expected to become a major electricity exporter in the region. The country’s hydropower potential is estimated at 527 billion kWh per year, of which only about 5% has been utilized. Opportunities for solar and wind energy development also remain substantial.
Economic growth and poverty reduction
The document also summarizes the results of the previous 2021–2025 program. Between 2021 and 2024, Tajikistan’s economy grew at an average annual rate of 8,5%, GDP reached 153.4 billion somoni in 2024, and foreign investment over the past five years totaled 11.4 $ billion.
During this period, the poverty rate declined from 26,3% to 20,4%. Citing World Bank data, the authors note that Tajikistan ranks among the top ten countries worldwide in terms of poverty reduction over the past 15 years.
Focus on the private sector and PPP
The authorities also plan to expand public-private partnership (PPP). To date, 15 PPP agreements worth more than 503 million somoni have been signed, creating over 667 jobs.
In addition, Tajikistan operates five free economic zones with 107 registered companies. Investors are offered more than 240 types of guarantees and incentives, including tax and customs benefits.
According to the program’s authors, successful implementation will help mobilize funding for key projects despite budget constraints and accelerate development in energy, transport, agriculture, the digital economy, and social sectors.
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