Uzbekistan - Market OpportunitiesUzbekistan - Market Opportunities
The growing public and private investments resulting from the Uzbek government’s export oriented and import substituting industrialization agenda may create more opportunities for U.S. businesses. Increasing prospects may be found in the following sectors:
- Oil and Gas: Projects in the oil and gas industry are intended to attract about $36.5 billion in investment from various sources through 2030. These projects may represent good export opportunities for U.S. suppliers of oil and gas extraction, transportation, processing technologies, and oil services.
- Food Processing and Packaging: Growing external demand for food products produced in Uzbekistan and efforts to improve the productivity of the agricultural sector create export opportunities for suppliers of food preservation, processing, and packaging technologies as well as transportation and logistics solutions.
- Construction: Construction is one of most promising industries in Uzbekistan, which demonstrates a continual growth rate of 10% per year. In 2018, the industry consumed about $6 billion of both public and private investments.
- ICT: An ambitious government program aimed at developing a national information-communication system creates increasing demand for IT solutions in both the public and private sectors of the economy.
- Tourism: Developing tourism is among the major priorities of the Government and the number of foreign tourists is rapidly increasing. It creates incentives for construction of international class hotels and other infrastructure in the Great Silk Road cities of Samarkand, Bukhara and Khiva and connecting them to Tashkent.