It is considered to be the main home arena of Neftchi Fergana and one of the stadiums used by Uzbekistan national football team.

The construction of the stadium began in January 2013 near the Fergana International Airport.

[1] The main contractor of the stadium is the government of Fergana Region, and it is said that more than $15 million was spent during the construction and assembly works.

[2] The opening match of the new stadium was held on April 3, 2015, a friendly match between Uzbekistan U-20 and New Zealand U-20 national teams, and the home team's 1: ended with a 0–0 victory.

Istiqlol Stadium hosted six matches during the 2023 AFC U-20 Asian Cup.