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: info@invest.gov.uzphone number: +99871-202-02-10

Investment Promotion Agencyof the Republic of Uzbekistan

UzIPA

Investment policy ofUzbekistan

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?

THANK YOU FOR ATTENTION!

invest.gov.uz