Uzbekistan is a resource-rich, most populated country, strategically located in the heart of Central Asia. The nominal Gross Domestic Product per capita in Uzbekistan was last recorded at 50 billion US dollars with 250 billion purchasing power parity (PPP). 

Industries 

Tourism – Exports of tourism services for 8 months amounted to 666.9 million USD, which is two times more compared to the same period of 2017 (327.3 million USD).  Over 8 months of 2018, the number of foreign visitors amounted to 3.4 million people against 1.5 million people (+226%) for the same period of 2017. It is predicted that the number of foreign citizens visiting Uzbekistan according to the results of the year will amount to 4.8 million people.  The publication of articles about Uzbekistan in foreign mass media of 40 countries was provided, information tours were organized for representatives of about 50 foreign media from more than 20 countries.

ICT – Today, the sphere of information and communication technologies (ICT) is one of the fastest growing in the global economy, being both an engine of economic growth and a sector that has already significantly changed and transformed economic processes in other sectors and continues to influence the formation of a new type of economy based on knowledge, use of information and products of human intellectual labor.  According to the results of 2017, Uzbekistan occupies the following positions in the leading international rankings:  The ICT Development Index of the International Telecommunication Union is 95th among 166 countries; The UN e-Government Development Index – 80th place (0.54) out of 193 countries; The UN e-Participation Index is 47th (0.67) out of 193 countries; Global Cybersecurity Index – 93rd out of 165 countries; Integrated Index for Postal Development is 114th out of 170 countries (24 points out of 100 possible).

Electronics – The branch of the radio-electronic, electrotechnical and instrument-making industries is one of the important infrastructure sectors of Uzbekistan.  The industry is pursuing a policy of broadly attracting foreign direct investment, primarily strategic partners, for mastering high-tech industries for the production of electrical equipment, modernization, technical and technological re-equipment of the industry, organizing jointly with leading foreign companies of joint production on producing modern electrical products in a wide range and ensuring its export supplies.  In turn, enterprises in the electrical industry are conducting their activities in 4 areas:  manufacturing cable and wire products: (more than 1,300 items: power cables, communication cables, household wires, etc.); manufacturing electrical products for industrial and technical purposes: (power transformers, switchboards, complete substations, etc.); production of household appliances: (air conditioners, refrigerators, televisions, washing machines, vacuum cleaners, etc.); service maintenance of electrical products and household appliances. In the nomenclature list of consumer goods – air conditioners, washing machines, vacuum cleaners, microwave ovens, refrigerators, freezers, electric water heaters, cooking appliances, televisions, mobile phones, lamps, paints and varnishes, cable products for household needs, etc.  

Textiles – An easily accessible market that will grow in the future with development of an organized retail chain, favorable demographic indicators, rising income levels and a change in preferences for the quality of brand products. Preferences and incentives for manufacturers, including exemption from tax and customs payments for up to 10 years, depending on the amount of investment. Privatization and lease of state property on favorable terms and at low prices for foreign investors, with the obligation to invest funds. Abundance and availability of raw materials for production, such as cotton, wool, silk, jute and artificial fibers. 

Food – Agriculture is one of the key sectors of Uzbekistan’s economy. The land used for agricultural production occupies 45% of the territory of the country, about 50% of the population lives in rural areas. Together with water and forestry, the industry employs 3.6 million people (27% of employed in the economy as a whole) and 18% of GDP. The export of agricultural products brings the Republic of Uzbekistan about 20-25% of total export revenues. 

Pharmaceuticals -Uzbekistan exports 231 kinds of medicines and medical devices to 23 countries; With a population of over 32 million, Uzbekistan is the most densely populated country in Central Asia; there is an extensive domestic market; Uzbekistan is known for the abundance of herbs growing in mountainous areas, which is the reason for rich traditions of manufacturing medicines among the population.

Energy – Uzbekistan is one of the few countries that fully meets its needs through its own energy resources.  Today, proven energy reserves are more than:  – 3 billion tons of coal;  – 1.1 trillion cubic meters of natural gas;  – 590 million barrels of oil.  The total length of gas transmission network is more than 13 thousand km and the high-voltage electricity network is more than 230 thousand km, which creates additional opportunities for organizing various types of production in all areas within the Republic of Uzbekistan. 

Oil and Gas – To date, there are 252 oil, gas and gas condensate fields, with explored hydrocarbon reserves in the amount of more than 2.5 billion tons of standard fuel.The capacity of transit and export gas transmission systems for supplying gas to Central Asian countries, Russia, Europe and China is more than 120 billion cubic meters, of which 50 billion cubic meters per year through Uzbekistan – China gas pipeline and 70 billion cubic meters per year through the Central Asia – Center gas pipeline.The existing oil refining capacity is 2.5 million tons per year in Bukhara oil refinery plant and 8.7 million tons in Fergana oil refinery plant. Fergana oil refinery plant has great opportunities for providing tolling services to various companies in order to process imported raw materials and export to neighboring countries, mainly to Kyrgyzstan and Tajikistan.Taking into account the growing demand, projects are currently being developed to expand the production capacity of Shurtan Gas Chemical Plant by an additional 500 thousand tons of various types of gas-chemical products.

Electric power – Uzbekistan owns about 50% of the installed capacity of the united power system of Central Asian countries. The total installed capacity of the electric power sector of the country is 14,300 MW. There are 45 electric power plants in the country with an aggregate installed capacity of 12,400 MW, with a potential production capacity of 64 million MW/h.The basis of energy sources for generating electricity is natural gas and petroleum products. More than 80% of the total generated electricity is provided at the expense of gas.

Hydro Power – The country has 32 hydropower plants with a total installed capacity of 1,900 MW (15% of the total capacity of the power system), with a potential production capacity of 9 million MW/h.

Wind Power – Development of wind energy is very promising for agriculture in remote areas. Many farmers and villagers can immediately feel the improvement of the quality of life, since the additional irrigation opportunities and energy supply will positively affect the growth of wellbeing.

Solar Power – The gross potential of solar energy of Uzbekistan is estimated at 50973 million tons of oil equivalent, which is 99.7% of the total gross potential of all renewable energy sources investigated to date in the country, the technical potential is 176.8 million toe (98.6% of the total technical potential of renewable energy).

 Coal Industry – The coal industry of Uzbekistan, which has explored coal reserves in the amount of 1,537.0 million tons – brown, 45.9 million tons – stone. Predicted resources amount to over 5.7 billion tons of coal.

Chemical Industry – At present, “Maxam-Chirchiq”, “Navoiazot” and “Ferganaazot” joint-stock companies are producing nitrogen fertilizers: ammonium nitrate, carbamide and ammonium sulfate. “Ammophos”, “Samarkandkimyo” and “Kokand Superphosphate Plant” open joint-stock companies are producing phosphorus-containing fertilizers, ammophos, supraphos, simple ammoniated superphosphate, ammonium sulfo-phosphate and nitro-calcium-phosphate. Kyzylkum Phosphorite Plant supply them with raw materials. JV JSC “Electrokhimzavod” produces various types of chemical plant protection products.

Machine Manufacturing – Uzbekistan is currently actively implementing a policy of raising the level of competitiveness of the country on the basis of technical and technological breakthrough in the real economic sectors. Mechanical engineering, the development of which is a symbol of the country’s industrial progress, should play a leading role in this process.

Construction –  An easily accessible market that will grow in the future with an increase in the entry of organized retail, a favorable demography, an increase in income and change in preference for quality and branded products.

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