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Uzbekistan Athens, Greece 2-3 April, 2009 Country economic profile • Largest consumer market in Central Asia with population of about 27 mln; • Stable economic environment: average GDP growth of 8% in 2004-2008; • Growing private sector: share of SMEs in GDP increased from 30% in 2000 to 48% in 2008; • Overall business environment is improving despite certain deficiencies in banking services, import regulations, access to inputs etc. • Selected Human Development indicators: ▫ Adult literacy rate – 96.9%; ▫ GDP per capita (PPP based) – 2189 USD. Investment sectors • Agriculture and agro processing; • Furniture and fittings; • Transport infrastructure services; • Travel and tourism services. Investment Sector Overview: Agricultural Sector • One of the largest agricultural producers, but only about 15% of its production is processed; • Sector is largely dominated by small producers: good basis for b2b cooperation; • Good opportunities for: ▫ exports of fruits and vegetables (apples, grapes, tomatoes, peppers, mountain herbs etc); ▫ processing of agricultural products (juices, nectars, concentrates etc). ▫ investments into milk and meat processing. Opportunities in Agriculture • Investment opportunity concentrates production: in juice and ▫ Investment into creation of modern laboratory testing system in Uzbekistan. ▫ Access to EU markets (supply chains) is required to support further expansion of production. • Investment opportunity in milk and meat processing: ▫ Investment into production of quality yogurt, cheese, ice creams, sausages etc. ▫ Introducing quality brand products in the domestic market, which is currently dominated by imported goods or low quality local foods. Investment Sector Overview: furniture production • Market is highly segmented into imported luxury goods and low cost low quality goods; • There is strong demand for good quality affordable goods (medium segment); • There are a number of tax privileges for local production and their sales. Opportunities in furniture sector • Investments required into production of furniture and promotion of locally produced brand products; • Local producers available for possible JV arrangments; • Good opportunities for B2B cooperation among producers and service providers. Transport infrastructure services • 181 thousand km of developed automobile roads network in Uzbekistan; • Over 700 million tons of international cargo, more than 4 million passengers annually transported via automobile roads; • Transport infrastructure services are concentrated in major cities, while services along major highways are not developed. PPP opportunities in transport infrastructure services • Creation of roadside infrastructure along Great Silk Road, consisting of the following services: ▫ Motel, mini market, restaurant, pharmacy, auto repair services, parking etc ▫ In total 8 service points along “Tashkent-SamarkandBukhara-Khiva” highways are identified for development, project documentation is available; ▫ Estimated budget of the project is Euro 4 mln., of which 30% is own funds of project initiators «KARVON SAROY SERVIS». Investment Sector Overview: Travel and Tourism • Samarkand, Bukhara and Khiva……etc with over 4000 historical monuments and sites; • Opportunities for other types of travel and tourism such as ecotourism, mountains etc • Over 2 mln visitors every year, including large number of people from Germany, France, Belgium, Japan, South Korea, Malaysia; • Uzbek Airways has direct flights and good connections with all major international airports. Opportunities in Tourism Sector • Investment and partnership opportunity for creation of hotel operating company: ▫ Setting up hotel operating company, possibly by entering into franchising agreement with foreign brands; ▫ Creation of central reservation system (CRS) connecting to hotels, tour operators, airways, transport firms, etc ▫ European partners required to support the project and its integration into international markets (hotel chains, booking systems). Contact Info: Mr. Narzullo Oblomurodov Project Manager “Business Forum of Uzbekistan” Project UNDP / UZBEK CHAMBER of COMMERCE and INDUSTRY Tel. +998 71 2320894 Fax. +998 71 2337749 Email. [email protected] Uzbekistan