Investment

1.

INVEST UZBEKISTAN

2.

WHY
UZBEKISTAN?
ECONOMIC &
POLITICAL
STABILITY
REFORMS &
GOVERNMENT
SUPPORT FOR IT
MARKET
DEVELOPMENT
COMPETITIVE HUMAN
CAPITAL & LARGE
YOUNG POPULATION
COMPETITIVE COSTS
& COMFORTABLE
LIVING CONDITIONS
ONE OF THE SAFEST
COUNTRIES
(RANKING)
DEVELOPED
INFRASTRUCTURE
ACROSS THE COUNTRY
ACCESSIBILITY TO
LOCAL & REGIONAL
MARKETS
CONVENIENT
GEOGRAPHICAL
LOCATION

3.

UZBEKISTAN TODAY
GDP (BLN USD)
RATES FORECAST FOR 2025
62.1
53%
2017
115
Unemployment
Refinancing
Inflation
2024
5.8%
14%
9-10%
FOREIGN DIRECT INVESTMENTS,
INFLOWS (BLN USD)
3.3
2017
10.5x
34.6
POPULATION GROWTH RATE
1.7%
1.97%
2017
2024
2024
ANNUAL INTEREST RATE ON UZS DEPOSITS
up to 27%
up to 21%
for private
banking clients
for corporate
banking clients
INFLATION RATE
14.4%
2017
FOREIGN TRADE
TURNOVER (BLN USD)
26.6
2017
2.5x
65.8
2024
2.5x
9.8%
2024
36 Banks
4 DIGITAL
6 FOREIGN
10 STATE - OWNED
ANNUAL INTEREST RATE ON USD DEPOSITS
up to 7 %
for private banking
clients
up to 4 %
for corporate banking
clients
CURRENT SOVEREIGN RATINGTS

4.

REFORMS OF PAST 7 YEARS
liberalizing of trade regime lead to
most-favoured-nation arrangements
with 47 countries and 57 bilateral
investment treaties.
Decree of the Cabinet of
Ministers “On Formation of
Unified Register of
Preferences for Foreign
Investors” was accepted
Preschool enrolment
doubled from 25% to
nearly 50%
Law “On Establishment of
International Centre for
Digital Technologies” was
excepted
Developing and implementing a holistic
national sustainable development
agenda to be fulfilled by 2030
Higher education
participation increased
significantly—from 9% to
25%
Compensation is provided
to cover part of the interest
rate on bank loans of up to
20 billion soums allocated
for the establishment of
non-state general
secondary educational
institutions.
UZBEKISTAN - 2030 STRATEGY
Bringing GDP to $160
Ensuring an annual
Achieving 100%
Attracting $250
Turning into a green
Radically reducing
billion and per capita
inflation rate of 5-6
coverage of high-speed
billion of investment
economy and achieving
poverty rate (by more
income to $4 thousand
percent
internet in the regions
into the country
carbon neutrality
than 2 times)

5.

FDI INFLOWS IN 2017 –2024, MLN USD
Projects
FDI
34653
22372
8612
6685
3349
111
2017
4200
2848
300
2018
9989
345
2019
635
2020
812
2021
1402
981
2022
2023
2680
2024

6.

IT POTENTIAL
HUMAN POTENTIAL
40th place
38+ M
Half the size of Central
Asia population
60%
are under 30 y.o
in the ranking of the
34 M
best outsourcing
Internet users
location
90+ countries
with a visa-free
regime
22 M
working-age
Internet coverage
22nd place
in the lowest mobile
76
direct flights
population
99 %
internet cost
Russian
18 M
Arabic
100+ K
English
5+ M
Korean
100+ K
Turkish
1+ M
Chinese
11+ K
German
550+ K
Japanese
5+ K
29 y.o.
Average age
455+ K
School graduates
202+
Universities
211+ K
University graduates
100+
IT Universities
25,000 IT specialists
graduate annually

7.

Government Support
IT PARK RESIDENCE CRITERIA
Romania
India
Philippines
16 %
35 %
25 %
CORPORATE TAXES
0%
35 %
12 %
12 %
SOCIAL TAX
0%
1.5 %
2%
2%
PROPERTY & LAND TAX
0%
19 %
18 %
12 %
VAT ON IMPORTED SERVICES
NO
10 %
20 %
30 %
TAX ON DIVIDENDS
5%
10 %
up to 30 %
up to 35 percent
PERSONAL INCOME TAX
7,5%
Uzbekistan
- Export’s share exceeds the
volume of domestic services
Dividend payments in
foreign currency
ZERO RISK
EXPENSE REIMBURSEMENT
- Operates in two or more
foreign countries
UP TO $ 5,000 FOR EMPLOYEE
TRAINING
FREE OFFICE FOR 1 YEAR
PARTIAL COVERAGE OF HR SERVICES
UP TO 15% OF SALARY
NO WORK PERMIT FOR FOREIGN
EMPLOYEES
TECHNICAL EQUIPMENT
SALARY PAYMENTS IN FOREIGN
CURRENCY

8.

IT INFRASTRUCTURE
ACCESSIBLE MARKETS
INDICATOR
14 IT PARK branches
across Uzbekistan
205 IT Centers
throughout the country
2 000+ Residents
of IT Park
PLUG & PLAY
Electricity,
Office & Innovative
platform
$ per 1 kWh
225 000+ sq.m.
of office space
46 incubation
programs
at universities
Drinking Water
*$ per m³
Sewerage *
$ per m³
Natural gas
$ per m³
Average nominal
monthly wage
PRICE
0,047 to 0,157
0,19 to 1,2
0,12 to 0,8
0,08 to 0,24
473

9.

IT PARK MEMBERS KEY INDICATORS
44%
24%
20%
8%
4%
NORTH AMERICS
EU AND UK
CIS
APAC
MENA
TYPES OF EXPORT
87%
$344
million
Service
13%
IT pdoducts
MEMBER COMPANIES
COMPANIES
AMOUNT
WITH FOREIGN CAPITAL
11x
increase
11x
increase
EXPORT VOLUME
(USD)
11x
increase

10.

NATIONAL IT PRODUCTS
MyID Vision
MyID Palm
MyID Video Analytics
Muxlisa AI voice assistant
Banking & Document flow

11.

INVESTMENT PROJECT OFFICE
invest@digital.uz
Investment
Project Office
Ministry of Digital
Technologies