Why Uzbekistan?

Invest with confidence

BB- Stable

Credit rating from S&P

Ba3 Stable

Credit rating from Moody’s

Stable and resilient economy

Stable and resilient economy

Business friendly environment

6%

GDP growth for 2023

0%

Corporate tax rate for the IT sector

Open for business

Open for business

Strategic location

Uzbekistan's сonvenient location in Central Asia positions it as a key transportation hub, connecting Europe and Asia

Strategic location

Strategic location

Lifestyle and environment

36+ mln

Population

10+
mln

Age Group between 18-35 years old

Lifestyle and population

Lifestyle and population

Empowering excellence of outsoursing

Presentation of Farkhad Ibragimov — CEO of IT Park Uzbekistan
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Exciting opportunities await

Sizeable and attractive opportunities available across all sectors
Manufacturing Financial services Transportation Professional services Human capital Healthcare Tourism Technology Real Estate

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 2023, up from 10 million in 2022. This represents a growth of 35% in just one year.

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: Uzbekistan boasts an extensive railway network with over 7,500 km of rail lines, making it one of the largest in Central Asia.

Professional services

In 2022, the professional services sector in Uzbekistan grew by 12%, outperforming the overall economic growth rate of 7%.

Foreign direct investment in the professional services sector has been increasing in recent years, with a total of $100 million invested in the sector in 2022.

Human capital

Educational Excellence: Uzbekistan's net enrollment rate in primary education is 99.7%, and the net enrollment rate in secondary education is 84.4%. The literacy rate in Uzbekistan is 99.99%.

Educational Access: Uzbekistan offers access to 150 higher education institutions, 67 IT university programs, and partnerships with 36 foreign 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, which are UNESCO World Heritage Sites.

Visa-Free Regime: The country has introduced a visa-free regime or simplified visa procedures for citizens of 80+ 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 lowest in the world

Competitive Rental Rates: Uzbekistan offers highly competitive rental rates for commercial spaces ($10 – $25 per m2) and residential 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 sector in Uzbekistan has been experiencing robust growth, with an estimated market value of over $739 bln in 2022, reflecting its potential for investment and expansion.

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