Greenberg Traurig Facilitates Significant Investment for Oman in Uzbekistan's Digital Services Firm Uzum

In a notable development on March 10, 2026, Greenberg Traurig, a renowned global law firm, announced its role in advising a Sovereign Entity of the Sultanate of Oman for a landmark investment in Uzum, Uzbekistan's premier digital services network. This investment marks a significant milestone, as it represents a combination of primary equity and structured capital, establishing Uzum's pre-money valuation at an impressive US$2.3 billion.

Uzum stands as a cornerstone in Uzbekistan's digital economy, providing a broad range of services including eCommerce, fintech solutions, and banking services targeting both individuals and small to medium-sized enterprises. Notably, its platforms, namely Uzum Market, Uzum Tezkor, Uzum Bank, and Uzum Nasiya, cater to over 20 million users, which accounts for more than half of Uzbekistan's entire population. This extensive user base signifies Uzum's crucial role in enhancing financial accessibility and digital infrastructure within the region.

The current investment, which exceeds US$130 million, also sees participation from established global shareholders, including VR Capital, Tencent, and FinSight Ventures. Such involvement from prominent international investors accentuates the confidence in Uzum’s growth potential and its pivotal position within Uzbekistan's digital transformation journey.

With this capital infusion, Uzum aims to accelerate its growth trajectory, focusing specifically on expanding its eCommerce offerings, digital banking capabilities, payment solutions, and consumer lending services. The strategic allocation of funds will emphasize enhancing product depth, fortifying its infrastructure, and broadening access to digital services nationwide. This growth plan aligns with Uzum's commitment to fostering a comprehensive digital economy throughout Uzbekistan, ensuring its services reach a broader demographic.

Leading the legal team from Greenberg Traurig’s Dubai office was Chadi Salloum, the head of the UAE Corporate Practice. He was supported by other key members, including Corporate Shareholder Krishen Patel and associates Abdulla Al Hashili and Justin Hool. The team also included expertise from Banking & Financial Services Shareholder Shibeer Ahmed in Dubai and Corporate Shareholder Nicholas Davies in Singapore, demonstrating Greenberg Traurig’s vast reach and collaborative effort in international law.

Greenberg Traurig has been making strategic strides in the Middle East since its inception in the region in 2023, establishing offices in Riyadh, Dubai, and Abu Dhabi. The firm has witnessed steady growth in the Middle East, focusing on key industries such as real estate, hospitality, finance, and, most recently, digital and technology sectors crucial for the region's advancement.

Greenberg Traurig operates under Greenberg Traurig Khalid Al-Thebity Law Firm in Riyadh, while its Dubai office functions through Greenberg Traurig Limited. Its Abu Dhabi branch operates as a branch of Greenberg Traurig, P.A. With approximately 3,000 attorneys across 51 locations worldwide, Greenberg Traurig continues to deliver innovative legal solutions across various sectors, earning accolades such as the 2025 BTI