Investment Opportunities in Uzbekistan

Open Access

Abstract

This work reports studies of a growing Uzbekistan economy and vibrant investment opportunities associated with the business climate on the ground. An analysis of Foreign Direct Investments (FDI) in selected areas of the economy have been discussed. Uzbekistan is ranked 69 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The economy, 4th largest among the CIS countries and 85th in the world in 2017 (measured by GDP in real terms - US$47, 88 billion), is dominated mainly by the state enterprises. The Gross domestic product (GDP) ranged around US$48.72 billion (2017) with the real growth rate at 5-7% annually. GDP per capita was US$1,504.23 at current prices during the same time (and US$6930 based on PPP) The study discloses significant changes in legislation, by-laws, and Decrees of Uzbekistan, aimed at creation of the most favorable conditions for foreign investors. Vast changes in economic, political and social life attributes, keeps paving way for excellent opportunities and favorable conditions to develop business via foreign direct investment.