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Uzbekistan - the new outsourcing hubUzbekistan - the new outsourcing hub

Uzbekistan - the new outsourcing hub

Why Uzbekistan?

Who are we?

Exciting opportunities await

Real Estate
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Real Estate

Competitive Rental Rates: Uzbekistan offers highly competitive rental rates for commercial spaces ($10 - $25 per m2) and residental estates ($300 - $800 per month) compared to many other countries, ensuring that your real estate expenses remain menageable while focusing on your IT business growth.

Booming real estate market: The Real Estate market in Uzbekistan is expected to reach a value of US$943.30bn in 2024.

Residential Real Estate segment is anticipated to grow at an annual rate of 10.75% between 2024 and 2028, resulting in a market volume of US$1,419.00bn by 2028.

Rental rates for commercial spaces

$10 – $25per m2

Residential estates

$300 – $800per month

Real estate in Uzbekistan increased by

5.7%in 2023

Manufacturing
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Manufacturing

Uzbekistan, a leading gold producer, possesses substantial gold reserves and abundant energy resources like natural gas and electricity providing reliable and cost-effective energy for businesses.

Uzbekistan's highly educated workforce, particularly in IT, benefits from over

200 000

Annual technical and engineering graduates, making it an attractive manufacturing destination.

Financial services
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Financial services

The number of mobile banking users in Uzbekistan reached

13.5million in 2022

UP FROM

10million in 2022

The Uzbek government has initiated financial and economic reforms, including liberalization of the currency market, creating a more favorable environment for foreign investments in the financial sector.

Logistics and transportation
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Logistics and transportation

Strategic Location: Uzbekistan's strategic location in Central Asia positions it as a key transportation hub, connecting Europe and Asia

Extensive and Cost-effective Rail Network:

13.5million in 2023

Uzbekistan boasts an extensive railway network with over

7,500 km

of rail lines, making it one of the largest in Central Asia.

Investment capital
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Investment capital

30bln USD

the amount of investment in fixed capital in 2023, which is

122.1%

more than in 2022.

52.15bln USD

amount of investment projects planned to be implemented in 2024

7.73bln USD

amount of FDI expected in 2024

Human capital
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Human capital

Educational Excellence: Uzbekistan's net enrollment rate in primary education is

99.7%

The net enrollment rate in secondary education is

84.4%

The literacy rate in Uzbekistan is

99.9%

Educational Access: Uzbekistan offers access to

150

higher education institutions

67

university programs

Partnerships with

36foreign universities

Healthcare Affordable Healthcare
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Healthcare

Affordable Healthcare: Uzbekistan offers cost-effective healthcare services, with lower medical costs and prices compared to many Western countries. This affordability extends to medical procedures, treatments, and medications.

Foreigner-Friendly Policies: The government has implemented an IT Visa, which offers healthcare costs for IT professionals, owners of IT companies, and investors at the same rates as those for citizens.

Tourism Silk Road Heritage
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Tourism

Silk Road Heritage: Uzbekistan is part of the ancient Silk Road trade route, and boasts a treasure trove of historical and cultural sites, including the ancient cities of Samarkand, Bukhara, and Khiva,

Visa-Free Regime: The country has introduced a visa-free regime or simplified visa procedures for citizens of

90+

countries, making it accessible to a wide range of tourists.

Technology GovTech Maturity Index
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Technology

GovTech Maturity Index

43

GovTech Enablers

4

internet coverage

99%

internet cost

15 thin the world

Empowering excellence of outsoursing

Presentation of Farkhad Ibragimov — CEO of IT Park Uzbekistan

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Support programs

From Local to Global

From Local to Global

For all residents of IT Park

Bonus system

Bonus system

For local and international consultants as well as companies

One Stop Shop

One Stop Shop

Service designed to streamline the company establishment process

Reviews

Reviews

Victor Pereda
Renat Akhtyamov
Simon Criss
Loren Moss
Simon Criss