Saida Mirziyoyeva has one other new job. By presidential decree – that’s, by order of her personal father, President Shavkat Mirziyoyev, whose administration she heads – Mirziyoyeva has been appointed supervisor of the Tashkent Worldwide Monetary Middle (TIFC).
The TIFC was proposed in a March 2026 presidential decree as a part of an effort to herald long-term international direct funding. The monetary middle goals to draw buyers in a variety of industries from banking, funding, and insurance coverage providers to digital belongings, Islamic finance, and inexperienced tech, along with skilled providers like auditing, authorized counsel, and fintech.
Signed into legislation in July, the TIFC will function beneath a particular authorized regime, based mostly on English legislation, with a novel regulatory framework and an impartial industrial court docket. With this association, Uzbekistan seeks to handle long-standing issues international buyers have had by carving out a authorized area that isn’t ruled strictly by Uzbek legislation.
In pursuit of attracting international buyers, these engaged within the TIFC will reportedly be capable to rent foreigners with out acquiring the normally required work permits and make the most of particular entry visa choices. They are going to be allowed use international foreign money or cryptocurrency for funds and different financial obligations and can profit from tax and customs breaks till 2076.
In saying the signing of the legislation in July by Mirziyoyev, Mirziyoyeva mentioned on social media, “This is without doubt one of the most essential items of financial information of the yr and the results of reforms that we pursued for nearly ten years.” She went on to argue that the TIFC’s particular constructions “are the mechanisms to which world buyers, banks, funding funds and worldwide monetary corporations are accustomed. This new regulatory ecosystem ought to make the nation extra enticing for capital, fashionable monetary providers and main worldwide tasks.”
In response to a Telegram assertion posted by presidential press secretary Sherzod Asadov, as supervisor, Mirziyoyeva will arrange the agenda and preside over conferences within the absence of the monetary middle’s chairman – the chairman is, by legislation, Mirziyoyev. She’s going to coordinate the TIFC’s launch and symbolize the monetary middle in dealings with worldwide organizations, buyers and companions – each these overseas and in Uzbekistan. She can have the authority to conclude agreements, set up working teams and “have interaction consultants.”
In June 2025, Mirziyoyeva was appointed head of the presidential administration, successfully turning into her father’s chief of workers. Uzbekistan’s authorities doesn’t have a vp publish, making Mirziyoyeva the highest-ranking official after her father. In August 2026, Uzbekistan adopted a brand new legislation regulating the presidential administration that granted Mirziyoyeva sweeping new powers – every thing from judicial reforms to anti-corruption, and an automated seat on the Safety Council – and lifetime immunity as well. She holds an awfully wide selection of energy whereas being topic to no accountability exterior of her father’s opinion.
Now she’s additionally in command of Tashkent’s bold gambit to draw international funding.
Uzbekistan isn’t distinctive in turning to household to consolidate energy. In neighboring Tajikistan, President Emomali Rahmon’s son, Rustam Emomali, holds a wide range of essential positions – he’s chairman of the Nationwide Meeting and in addition mayor of the capital, each posts he was appointed to by his father, in 2020 and 2017, respectively. As chairman of the Nation Meeting, Emomali is constitutionally subsequent in line for the presidency, ought to his father resign or in any other case vacate the publish. In Turkmenistan, Gurbanguly Berdimuhamedov handed the presidency on to his son Serdar in 2022 earlier than authorities modified its construction to provide the elder Berdimuhamedov a brand new place technically above that of the president.
Nepotism could also be political comforting for these in energy, however’s not essentially comforting for buyers.
