Information about
Who we are:Investment promotion agency under theMinistry of Investment and Foreign Trade ofUzbekistan. Сreated in 28 January 2019 by thedecree of President of Uzbekistan.
The main directions of the agency's work:- Information and analytical support;
- Interaction with the state bodies;
- Organizing events and protocol;
- Marketing, PR and investment portal.
Information about Investment portal:- Contains all the necessary information regarding the investment climate and other information materials of interest for investors;- 986 investment project proposals for total amount of 8,4 bln. USD in different industries and regions.
invest.gov.uz
UZ
IPAUzIPA
Uzbekistan Investment Promotion Agency
e-mail: [email protected] number: +99871-202-02-10
Area448,9K km2
population
Population34,5M people
GDP$ 60 bln. {nominal}
TashkentCapital
Samarkand520K
3 M
Andijan420K
Namangan500K
Bukhara280K
Nukus320K
Uzbekistan map
Languages
Uzbek {official language},
Russian {widely used},
English {increasingly popular}
Urbanization rate~50%
Political systemPresidential Multi-Party
Democratic RepublicKEY
DA
TA
Key Data
Export – 17,4 bln.
Import – 24,2 bln.According to The State Committee of the Republic of Uzbekistan on 2019
Uzbekistan has a strategic position in the
middle of Central Asia
total length of well-
developed system of railways
4,7K km
will be connected through China,
Kyrgyzstan and Uzbekistan
East
Asia
Southern
Europe +
184K kmtotal length of roads in Uzbekistan
DEVELOPED INFRASTRUCTURE
11 International Airports
Dry port “Navoi”trans-shipment point, connected to the
seaport by rail or road
237K kmtotal length of power lines
13,7K kmtotal length of gas pipelines
Strategic location and developed infrastructure.In the heart of the Silk Road
Strategic location in the middle of Central Asia and heart of the Silk RoadCooperation with countries
Implemented Projects 3rd quarter, 2020
+ 158 Projects implemented
+ 1,8 Bln. Total sum of implemented
projects
Total amount of ongoing investment projects (2020)
23%
12%
2%
9%4%
Russia China India USA Germany Other(32 countries)
Oth
er c
ou
ntr
ies
114 Bln. $
95 111449
871
3000
1917
3349
2848
4200
6700
2016 2017 2018 2019 2020
Historical data of FDI inflow
Projects FDI (mln $)
FDI inflow
48%
6%
18%
14%
2%
12%Energy
Chemisty
Textile industry
Automobile
Education
Other
Attracted FDI by industries {3rd quarter 2020}
4,8 Bln. $
World Bank: Doing Business ranking change
157 Comoros
158 Suriname
159 Mauritania
160 Afghanistan
161 Cameroon
162 Togo
164 Iraq
165 Lao PDR
166 Uzbekistan
67 Colombia
68 Oman
69 Uzbekistan
70 Vietnam
71 Jamaica
72 Luxembourg
73 Indonesia
74 Costa Rica
75 Jordan
2012 2020 DEVELOPMENT
aimed at opening and liberalizing the
economy and improving investment
climate
2017-2021
STRATEGY
SOURCE: World Bank, 2019
Reached results and future reforms
2nd place among the
most open countries for tourists
in the CIS region
965 86
2017 2018 2019 2020
18
BB-
stable
B1
stable
BB-
stable
5
points
TOP 10safest countries in the
world. World Index of Law and
Order Gallup’s ranking 2020
The Country of the Year -2019
by The Economist journal
Instead of 3 laws and about
100 legal acts
«On special economic zones»-Formation of annual FEZ development programs
-VAT exemptions
-Customs payment exemptions
«On free economic zones»
{1996}
Unified law «On investments and
investment activities»
Investment residency and
investment visa- Residence permit for 5 and 10 years
- Purchase of real estate in the amount of $100К-400К
- Other types of investments in the amount of $400К-$2M
- 3 years investment visa for 200K investments Tax code {2020}
Investment program for
2020-2022
One center for investors
(24/7)
Strategic location in the middle of Central Asia and heart of the Silk Road2020 reforms
Investment amountExemption
period
0,3M – 3M 3 years
3M – 10M 5 years
10M+ 7 yearsEN
TER
PR
ISES
WIT
H F
DI should be the share of
foreign investors in JSC and
at least 33% in other cases15%NOT LESS
THAN
tax exemption from:• income tax
• property tax
• single tax payment for small enterprises
2 YEARSCUSTOMS DUTY EXEMPTION
of own use property import for enterprises
with at least 33% of foreign investments
Strategic location in the middle of Central Asia and heart of the Silk RoadTax exemption for foreign investment
sectors of the economy that are subject to benefits
22Privileges are available in all regions except Tashkent city and Tashkent region
Global economy is expected to decrease
by 5,2%-8% in 2020 (the greatest
recession since WWII);
Global Recession due to COVID
Prospects of the major economies in 2020:
• EU -9,1%;
• China +1%
• Russia -6%;
• USA -6,1%;Economic activity in the developed
countries will decrease by 7% in 2020;
Scenarios for the development of the economy of Uzbekistan
According to Central bank, country will reach pre-crisis levels in 3 scenarios :
Main scenario by the end of 2021, and by 2023 the economy will return to its potential level
Optimistic scenariomid-2021, and by 2022 the economy will reach its potential
by the end of 2022, the economy will reach its potential level after 2023, and the consolidated budget deficit will remain at 6-7%
Risk scenario
According to international financial institutions :
Economic growth in Uzbekistan
will continue to slow down but still positive +0,5%
Economic growth
will be between +0,4% and +0,8%
Economic growth +0,2% in
2020 and 4,5 % growth in 2021
Established an Anti-
Crisis Fund in the
amount of $1,0 bln,
$355 mln of which are
already invested;
Undertaken measures in Uzbekistan during the pandemic
Attracted more than $1,3 bln
from the international
institutions to support the
economic sustainability
500K companies and 8
mln people were
directly supported;
$230 mln of tax
privileges were granted
to industries;
In the 3st quarter, the
economy of Uzbekistan
grew by 0,4% and $4,8 bln
of FDI were attracted
Full shares of 62 State owned companies being sold
{by industries}26
5 62 4 4 2 5 8
ConstructionInformation
TechnologyAlcohol Financial
Institutions
OtherOil&GasChemical
Number of enterprises with foreign
investments
New attractive opportunities for Investors
71 enterprises will be put up for sale
through increasing investment attractiveness implementing financial audit, andtransformed
Utility project
organizations
Tourism
enterprises
15 State owned real estate being
sold to investors
5000
12000
January 2017 November 2020
State block of shares (shares) of which is
fully sold to the private sector through
public auctions - 479 enterprises
Strategic location in the middle of Central Asia and heart of the Silk Road
Companies with FDI in Uzbekistan
Investment Promotion Agency under the Ministry of Investments and Foreign Trade of the Republic of UzbekistanUzIPA
Tax exemptions
Low competition
Free economic zones
Tax burden reduction
Investment climate
improvement
Institutional reforms
Licensing procedures
reduced
Increasing population
High GDP growth
Untapped potential of
the industries
Developed
infrastructure
Access to 2B+ market
Boomingmarket
Ongoingreforms
Centrallocation
Highreturns
20M labor force
Median age 29 years
97% literacy rate
Humancapital
Resources 2000+ deposits of
natural resources
310+ sunny days
Strategic location in the middle of Central Asia and heart of the Silk RoadSo why invest in Uzbekistan?