Title: INVESTMENT ENVIRONMENT OF UZBEKISTAN AND PROSPECTS OF ECONOMIC COOPERATION WITH THE CHINESE PEOPLE
1INVESTMENT ENVIRONMENT OF UZBEKISTAN AND
PROSPECTS OF ECONOMIC COOPERATION WITHTHE
CHINESE PEOPLES REPUBLIC, AND INVESTMENT
PROSPECTS OF CHINESE COMPANIES COOLABORATION IN
PROJECTS IMPLEMENTATION WITHIN FIEZ NAVOI
- The Uzbekistan Chinese Business Forum
- September 7, 2009Tashkent, Uzbekistan
- Bakhtier M. IRMATOV
- Director of Uzinfoinvest Agency under the
- Ministry for Foreign Economic Relations,
Investment and Trade
2FACTORS OF SUCCESS IN UZBEKISTAN
The leading industrial country in CA
- Advantageous geographical location
- Transport-logistic system integrated into air
and land communications of international
importance
- Diversified industrial base
- Scientific and intellectual capacity of the
country
3ACCESS TO RICH RAW MATERIALS BASE
Uzbekistan possesses unique resources
- solid raw materials, including metallic and
non-metallic
4ENERGY SELF-SUFFICIENCY
Heat energy
Oil and gas
Energy resources are sufficient to cover demand
of the economy at least for 100 years
Hydro energy
Electric energy
5ALTERNATIVE ENERGY SOURCES
Alternative energy sources in Uzbekistan
6BENEFICIAL GEOGRAPHICAL LOCATION TO THE LARGEST
MARKETS
CA Afghanistan 90 mln. people
CIS 300 mln. people
CIS
Europe
Moscow
Central Asia
Minsk
London
Berlin
East Asia
Astana
Kiev
Brussels
Paris
Beijing
Bishkek
Ashgabat
Tokyo
Ankara
Seoul
Tehran
Baghdad
Kabul
Jerusalem
Shanghai
Amman
Cairo
Doha
Riyadh
South-East and South Asia
Abu Dhabi
Muscat
Middle East Africa
Manila
Bangkok
Phnom Penh
Singapore
Jakarta
7BENEFICIAL TRADE CONDITIONS
CIS FREE TRADE AREA
MFN Treatment
12 countries
300 mln. consumers
with 44 countries, including Republic of Korea,
EU countries, China, US, Japan
8WELL EDUCATED HUMAN RESOURCES AND HUGE
INTELLECTUAL POTENTIAL
- 65 universities and institutions
- affiliates of key foreign universities
- Westminster International University
- Singapore Institute of Management Development
- Turin Polytechnic Institute
9MACROECONOMIC INDICATORS
GDP growth ()
Industrial production growth ()
10INFLATION RATE
()
Effective moderately rigid monetary and fiscal
policy has allowed to support inflation rate at
rather low level
11FOREIGN RESERVES OF UZBEKISTAN
By the end of 2008 foreign reserves could ensure
imports in 22 months
External debt of the country is 13.3 of GDP
12FOREIGN INVESTMENTS IN UZBEKISTAN
In 2008
- Attracted 1.7 bln USD of foreign investment
- 423 large-scale enterprises were set in
operation
In 1H 2009
- Growth rate of total investment 132.7, incl.
FDI 2.4 times
13PROJECTS IMPLEMENTED IN UZBEKISTAN
- Production of liquid synthetic fuels from
natural gas, coal, oil shale
- Modernization of existing TPP with ABB, Alstom,
Siemens with the installation of modern steam
power generation technologies
- Production of poly-, single crystals of silicon
- Production of chemical fertilizers
- Manufacture of automobile engines and diesel
engines for agricultural machinery
- Manufacture of large-capacity buses and heavy
trucks
14OIL GAS INDUSTRY
- Uzbek share in Central Asia
- 40 - natural gas
- 55 - coal
- coal reserves 2 bn tons
Gas
- Explored reserves more than 2 trln m3
- Extraction about 65 bln m3
- Uzbek gas transportation system - 9 main gas
pipes with 12 thousand km length
Sector Investment Capacity
USD 5 bln
15MINING QUARRYING
Explored Reserves
USD 3.5 trln
16ELECTRICAL ENGINEERING
USD 150 mln
Sector Investment Capacity
Central Asia demand in
- Refrigerators and air conditioners 1 mln. units
- Washing machines and vacuum cleaners 600 thsd.
units
- Microwaves 300 thsd. units
17CHEMICAL INDUSTRY
USD 2 bln
Sector Investment Capacity
Annual regional demand for soap 130 thsd.
tons, detergents 300 thsd. tons
18PHARMACEUTICAL INDUSTRY
Domestic demand for pharmaceuticals
- injections 300 mln. ampoules
- biopharmaceuticals 500 thsd. packs
- anticeptics 100 thsd. flasks
- antibiotics 50 mln. flasks
19CONSTRUCTION MATERIALS
USD 700 mln
Sector Investment Capacity
Annual domestic needs in
ceramic tiles - 10 mln. sq. m
sanitary ware - more than 160 thsd. units
20FRUITS-AND-VEGETABLES PROCESSING
USD 300 mln
Sector Investment Capacity
- one of the largest producers of raisin and dried
fruits
- one of the top-five producers of tomato-paste in
the world
- cultivate 10 mln tons of fruit-and-vegetables
p.a.
21TEXTILE INDUSTRY
USD 700 mln
Sector Investment Capacity
Total domestic demand for textiles
- Finished fabrics 900 mln. sq. m
22LEATHER-SHOE INDUSTRY
Prospective directions for joint cooperation
- modeling and manufacture of mens, womens and
childrens shoes
- production of leather for furniture and clothes
- manufacture of leather accessories
- manufacture of bottom parts of shoes, insoles,
etc.
23TOURISM CAPACITY
Largest tourist potential among the countries of
Central Asia
Medical and health tourism
Ecological and sports tourism
24INVESTMENT PROPOSALS IN TOURISM
- Construction of new world-class hotels
- Construction of motels and campings recreation
units along automobile roads
- Establishment of joint travel agencies
- Management of existing hotels in Samarqand,
Urgench, Tashkent
25THANK YOU!