Why Uzbekistan for?

1.

WHY UZBEKISTAN
FOR?

2.

WHY UZBEKISTAN?
Openness to investment
$250
bln
Strategic
Location
New Investment
Law
Part of the ‘Belt and
Road Initiative
Vision 2030 sets
ambitious in
investments
Investments into the
‘Aero City’ project
(airport hub)
+$5.0
bln

3.

WHY UZBEKISTAN?
Strong economic fundamentals
7
24
%
%
$37
Average GDP annual
growth
Foreign trade growth in
2023
High FX reserves
bln
%
36 Low gov’t debt
Competitive
costs
Least expensive’
according to The
Economist Costof-living Index
(2024)

4.

WHY UZBEKISTAN?
Large growing market – 37M
active &
20 Economically
88% under 55
Mln people
+1 New babies a year
Mln
50
%
Of the population
living in urban areas
Free trade agreements
to consumer
300 Access
markets
Mln people
6K
goods
EU’s GSP+ agreement for
goods
Growing Middle East
markets

5.

WHY UZBEKISTAN?
Significant natural
resources
20
Top
Natural gas
production
10 In gold production
Top
15
Top
In uranium
production
10 In cotton production
Top
Green infrastructure
35
%
$12
Mln
Renewables target
by 2030
Investments to
date
Leading green
hydrogen initiative in
the region

6.

WTO ACCESSION AS THE MAIN
REFORM AGENDA
Accession
Process
Started in 1994; 8 Working Party
meetings and 17 bilateral
negotiations completed
Agricultural negotiations initiated in
2024
Accession is expected by 2026
Decree UP-85
(June 3, 2024)
Economic
Impact
Focuses on market reforms for
WTO alignment
Regional Integration:
Value chains and trade hubs
through FTA and improved trade
facilitation
Ends state monopolies in gas,
electricity, and metals
Deregulation for gas, electricity, and
metals sectors
Transparency for
public procurement
Phasing out export subsidies
conflicting with WTO
Full implementation by 2026
Expansion of Services:
Financial, telecom, transport open to
foreign investors
Sustainability:
Water management and trade
policies for regional cooperation

7.

UZBEKISTAN IS AT THE HEART OF GROWING
CONSUMER MARKETS
Local market
2050
2024
46 mln
36 mln
Regional market
%
28
Half of the population of Central Asia live
in Uzbekistan.
in urban areas with increased earnings
and increasing demand for processed and
pre-prepared food options and
in rural areas providing a labour market to
the agrifood industry.
2050
2024
106 mln
82 mln
Middle East markets
%
31
Uzbekistan is an ideal platform to access the
Central Asia markets of Kazakhstan,
Kyrgzstan, Tajikistan and Turkmenistan
Long established trading routes are supported
by integrated road andrail networks
This market is expected to grow from 80m to
100m people over the next 25years
2050
2024
76 mln
61 mln
%
27
The 500m population in high income
markets of Europe and the Gulf
Cooperation Council (UAE, Saudi Arabia,
Qatar, Bahrain, Oman and Kuwait)
represent commercial opportunities which
can be served with niche products that fill
existing gaps in the global supply
calendars
High income markets
440
Mln people
EU
60
Mln people
GCC

8.

THE KEY CITIES OF UZBEKISTAN SIT ON THE STRATEGIC
INTERNATIONAL LOGISTICS CORRIDOR

9.

EXCELLENT AIR CONNECTIVITY FROM TASHKENT AND OTHER
UZBEK AIRPORTS
A visa-free policy for tourists
from 90 countries
Diverse range of 59 carriers
in Uzbekistan’s airport
Direct flights to NYC and Tokyo in the region
11 airports across the Country
Direct cargo flights from Xi’an, largest
cargo terminal in China
Samarkand Airport as the 2nd fastest growing in Europe & Central
Asia combined in 2024

10.

RICHLY ENDOWED WITH UNDER EXPLOITED RESOURCES
Crude petroleum
1 %
3
3rd
8%
4th
World
ranking
Kaolin
Molybdenum
Uranium
World
ranking
Rhenium
Gypsum
Silver
3%
World ranking
8th
Gold
Natural gas
Nitrogen
Copper
2500
1900
+340
Identified
mineral
Suitable for extraction
Types of building
materials
Phosphate rock
Zinc
%
0,3
World
ranking
1,
7
World
ranking
%
8th
Vermiculite
11th
Cadmium

11.

FAST FACTS – TEXTILE INDUSTRY SNAPSHOT
3.2
%
10
bln
$3
bln
Success stories in
Uzbek textile
market
Total exports from
Uzbekistan in
2023
Y-o-Y production
increase to $8,3 bln
in 2023
Invested in the
last 5 years into
the sector
development
+$100
+$50
5 textile companies
with annual exports
25+ textile companies with
annual exports
134
Cotton
Clusters
5 Cotton fields: 1.03 m.Ha Harvest:
3.5 m tons
700K
people employed

12.

FAST FACTS – CHEMICAL INDUSTRY SNAPSHOT
3.2
Total exports from
Uzbekistan in
2023
%
41
Y-o-Y production
increase to $2,1
bln in 2023
44
Investment
projects worth
US$10,6 bln in
pipeline
bln
Success stories in
chemical sector of
Uzbekistan
U zkim yosanoat
the largest chemical producer
in Central Asia Region
75
%
Of the chemical sector output in
2023 are mineral fertilizers
20
subsidiaries
13 industrial enterprises
across Uzbekistan
+35K
people employed

13.

FAST FACTS – 2023 AGRIFOOD PRODUCTION
SNAPSHOT
%
25 GDP
%
26
National
employment
4,0
2.8
%
mln. t
Success stories in
agrifood sector of
Uzbekistan
Growth
annually
Meat
11.
0
8.4
mln.t
milk
mln.t
cereal
3.1
mln.t
fruits & berries
11.
6
3.6
mln.t
vegetables
mln.t
potatoes
2.4
1.7
8.5
mln.t
melons
mln.t
grapes
mln.t
eggs

14.

GOVERNMENT INCENTIVES: FREE ECONOMIC
ZONES
Karakalpakstan
1
FEZ Nukus – 152,5 ha SIZ
Nukus Technopark – 30,0 ha
SIZ Karaozak
6
3
4
5
Khorezm
FEZ Khazarasp – 242,4 ha
Bukhara
FEZ Gijdivan – 664,4 ha
FEZ Bukhara Agro – 2362,7 ha
FEZ Karakul – 499,1 ha
Kashkadarya
FEZ Navoi – 711,5 ha
5
FEZ Angren – 791.9 ha
FEZ Parkent-pharm – 17.3 ha
FEZ Nustanlyk-pharm – 37.0 ha
2
7
3
8
FEZ Urgut – 1 091.1ha
9
10
FEZ Angren – 791.9 ha
FEZ Parkent-pharm – 17.3 ha
FEZ Nustanlyk – 37.0 ha
Nam angan
FEZ Namangan – 373.0 ha
FEZ Kosonsoy-pharm – 81.0 ha
9
13
10
12
11
8
Sam arkand
Tashkent
FEZ Chirakchi– 72,0 ha
Navoi
1
FEZ FEZ Termez – 64,5 ha
Jizzakh
7
2
Surkhandarya
4
1
1
1
2
Fergana
6
FEZ Kokand – 358.7 ha
Andijan
SIZ Special Industrial Hub for
Mechanical Engineering and
Electrical Engineering – 74.8 ha
FEZ Andijan-pharm – 44.5 ha
FEZ Ipak yuli – 218.2 ha
1
3
Syrdarya
FEZ Syrdarya –
375.5 ha
FEZ Syrdaryapharm– 54.0 ha

15.

ATTRACTIVE FREE ZONE INCENTIVES
Free access to land
3 years
for investment of
$0,3M – $3M
Tax on
property
Water usage
tax
Land
tax
5 years
for investment of
$3M – $5M
7 years
for investment of
$5M – $10M
10 years
for investment
above $10M
Tax & customs
benefits
Infrastructure to the
‘gate’
Exempt from customs payments (except
for customs
clearance
fees)
for
construction materials not produced in
Uzbekistan
Zero tax
on profits
3 years
For entire period of activity in FEZ
exempt from customs duties (except for
customs clearance fees) on imported raw
materials, materials and components used
for exportproducts
for investment of
$3M – $5M
5 years
for investment
of $5M – $15M
10 years
for investment above
$15M
2
years
12
0
days
Customs duty exemption for import of
equipment & rawmaterial for own needs
Deferment of payment of VAT
imported goods and rawmaterials
for

16.

ENERGY
$12 bln
25 GW
Investment in clean energy
to date
Planned renewable energy
projects by 2030
35 %
2050
Share of renewable energy
in grid by 2030
Target set for the carbon
neutrality
Solar, wind, battery energy storage
projects exceeding 4 billion USD across
the country
Renewables and hydrogen projects of
7.5 billion USD across the country
Construction and operation
of 965 MW
Tutly solar power plant
Over $3bln investment in energy
and infrastructure
1,600 MW CCGT power
plants in Syrdarya region.
PPA and EPC for 1,600 MW
Syrdarya II CCGT project
Hybrid, solar and wind projects in
Khorezm and Bukhara
Investments in conventional
power production

17.

PIPELINE OF PROJECTS
Manufacturing
Electric vehicle
batteries
Generators
Infrastructure
Modernisation of
Urgench airport
Chemicals
Alky benzene
Construction
Ceramic products
Float glass
Polyoxymethylene
Transformers
Hydro power
projects
Wallpaper
Polymer products
Heavy machinery
Motorway
construction
Boilers
Water saving
equipment
Sewage
schemes
Paint products
Acetic Acid
Citric Acid
Furniture fabrics
Copper foil

18.

D ISC OVER THE UNTAPPED
POTENTIAL OF UZBEKISTAN
For further inform ation contact
A ziz K ham idov
H ead of the D epartm ent
M inistry ofInvestm ents
Industry and Trade
Tel:+9 9 8 9 0 830 0 7 0 7
Em ail:m f212@m iit.uz