Why Uzbekistan

Key Information

Area
448.978 sq. km
Comparable to Spain
or California
Population
32.9 million
as of July 1, 2018
GDP
48.7 billion USD
for 2017
Capital
Tashkent
(2.3M – official data)
Urbanization
~50%
National currency
"Sum" – UZS
(USD / UZS = ~ 8'300)
Languages
Uzbek (official),
Russian
(commonly used)
Political system
Presidential
multi-party
democratic republic

Key reasons for investing in Uzbekistan

Stability in the investment environment

In Uzbekistan the issues of repatriation of investors income have been fully resolved. The state guarantees and protects the rights of foreign investors, carrying out investment activities in the territory of the Republic of Uzbekistan.

Approved development strategy of the country

The President of Uzbekistan approved the Country's Development Strategy for 2017-2021. According to the Strategy, Uzbekistan provides foreign investors with guarantees of safe business.

Rich raw material base

Uzbekistan occupies leading positions in the world in terms of gold, uranium, copper, silver, lead, zinc, tungsten, rare metals, natural gas, coal and other resources. Uzbekistan has ensured its energy security for many years to come.

Alternative energy in Uzbekistan

In Uzbekistan there are more than 300 sunny days a year. Experts of the Asian Development Bank estimate that the total potential of solar energy in the republic exceeds 51 billion tons of oil equivalent. By 2025, a share of renewable energy sources will grow from 12.7% to 19.7%.

Advantageous geographical location

Uzbekistan is located almost at the heart of Eurasia and Central Asia. The total length of borders is 6221 km. It shares borders with 5 countries: Kazakhstan, Turkmenistan, Tajikistan, Kyrgyzstan, Afghanistan.

Human capital assets

Uzbekistan has joined 27 other nations of the world supporting the World Bank Group’s Human Capital Project. The population of Uzbekistan has reached 32 million. About 60% of the population is under 35 years of age, which significantly determines high labour potential of the country.

Uzbekistan is the largest market in Central Asia:
stable and fast growing

2.3 M

Tashkent

504 K

Samarkand
(UNESCO)

475 K

Namangan

333 K

Andijon

273 K

Bukhara
(UNESCO)

258 K

Nukus

100 K

Shahrisabz
(UNESCO)

65 K

Asaka

51 K

Khiva
(UNESCO)

51 K

Zarafshan
(gold and
copper mines)

12 K

Gazli
(500B sq. km
gas field)

XX - Size of population

Uzbekistan is rich in mineral resources and, at the same time, the country is actively investing in renewable energy

Mineral resource diversity excludes the dependence on a single resource type

Natural gas

Gold

Copper

Uranium

Coal

Reserves

24th
10th
10th
16th
29th

Production

13th
9th
20th
7th
34th
x

Uzbekistan's place in the world

Scope of energy supplies

Hydroelectricity

It is planned to attract investments in the amount of $ 2.65 billion. for 2017-2025 for the development of 18 new projects and modernization of 14 existing plants.

Solar energy

~ 51 billion tons of oil equivalent

Wind energy

~ 360 million tons of oil equivalent for wind power

Labor potential of Uzbekistan 18.5 million people

Number of economically active population - 14357,3 people (73,5 %). Unemployment rate - 5,8%

58 higher education institutes: 20 universities, 36 institutes, 2 academies, 14 branches in the regions.

Total literacy rate is 97%

Labor force in mln people
Uzbekistan
18.5
Kazakhstan
9.2
Azerbaijan
4.9
Tajikistan
3.9
Kyrgyzstan
2.6
Turkmenistan
2.4
Literacy rate, percentage
Spain
98.0
Singapore
97.0
Uzbekistan
97.0
Middle-income countries
95.0
World average
86.0