Uzbekistan offers major business opportunities across emerging high-potential industries that can utilize its demographic and resource to strategically move forward. As a major cotton and textile producer, Uzbekistan is diversifying into ready made garments manufacturing. Opportunities exist for foreign garment firms to partner with local producers along the value chain.
With over 30 million mobile subscribers and steadily rising internet access, Uzbekistan has a thriving technology startup scene centered in Tashkent. Web-based businesses in ecommerce, digital payments, online advertising and cloud services are rapidly emerging to serve booming consumer demand as steady economic growth expands the middle class.
Automotive manufacturing has grown five-fold over the past decade to become Uzbekistan’s second largest export industry after gold. Opportunities exist for global auto parts suppliers and vehicle assembly plants aiming to access demand in Uzbekistan and neighboring countries.
As a major global cotton and textile producer, Uzbekistan also holds advantages in ready made garments manufacturing. Opportunities exist for foreign apparel firms to partner with local spinning, weaving and dyeing producers along the value chain targeting both domestic and export markets.
Food processing is another priority sector with a range of investment incentives available. Uzbekistan has rich agricultural resources that provide plentiful inputs for packaged foods, beverages and other agro-industries aiming to serve rising domestic and regional demand.
Construction and real estate is booming, especially in the capital Tashkent, with opportunities in building contractors, materials suppliers, architects and engineering design services. The sector has been growing over 15% annually over the past 3 years driven by urbanization and a young population forming new households.
In summary— Uzbekistan’s large domestic consumer base, regional connectivity, competitive labor costs and pro-business policies create an attractive environment for emerging industries to supply regional value chains. Uzbekistan’s combination of domestic market scale, regional connectivity, low-cost skilled labor and pro-business policies create an attractive environment for emerging industries to supply regional value chains.
