UZBEKISTAN - THE NEW OUTSOURCING HUB
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View all newsWHY UZBEKISTAN?
Who we are?
Exciting opportunities await
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 manageable 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
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
The number of mobile banking users in Uzbekistan reached
13.5 million in 2022
UP FROM
10 million 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
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:
13.5 million 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
30 bln USD
the amount of investment in fixed capital in 2023, which is
122.1%
more than in 2022.
52.15 bln USD
amount of investment projects planned to be implemented in 2024
7.73 bln USD
amount of FDI expected in 2024
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: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: 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
43
GovTech Enablers
4
internet coverage
99%
internet cost
15 th in the world
Empowering excellence of outsoursing
Presentation of Farkhad Ibragimov — CEO of IT Park Uzbekistan
Support programs
From Local to Global
For all residents of IT Park
Zero-risk program
For IT and BPO Companies
Bonus system
For local and international consultants as well as companies
One Stop Shop
Service designed to streamline the company establishment process
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