Investment Opportunities in Uzbekistan

Main Article Content

Wei Wang
Shakhzod Tokhirov


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.


Download data is not yet available.

Article Details

How to Cite
Wang, W., & Tokhirov, S. (2019). Investment Opportunities in Uzbekistan. International Journal for Innovation Education and Research, 7(12), 101-114.
Author Biographies

Wei Wang, Zhejiang University of Science and Technology, Hangzhou, 310023, China

School of Science, Shuguang Big Data Science

Shakhzod Tokhirov, Zhejiang University of Science and Technology, Hangzhou, 310023, China

Shuguang Big Data Science


CIA World Factbook, 2006-2019.
Decree of the President of Uzbekistan №UP-4947 as of 7th of February and the Draft of Tax Code of the Republic of Uzbekistan, 2018.
Economic and Social Geography if CIS and neighbouring countries, 2012.
Foreign Investment Review (FIR), 2018.
Guide to doing business and investing in Uzbekistan (GDB), 2014-2018.
International Telecommunication Union, 2017.
Millennium Development Goals, 2015.
Ministry of Foreign affairs and Economic Development- UZ, 2018.
Munich Personal RePEc Archive (MPRA), 2016.
National Statistical Agencies, M. Ratanova, V. Baburin, V. Garlov.
SCHNEIDER GROUP, Market Research Department, 2018
State Committee for Foreign Investment and List of foreign companies in Uzbekistan, 2018.
United Nations Education, Scientific and Cultural Organisation (UNESCO), 2017.
World Bank Group, 2012-2019. - Accessed 23 October 2019 Accessed 23 October 2019 - Accessed 01 November 2019 - Accessed 06 November 2019 – Accessed 08 November 2019 - Accessed 08 November 2019
Accessed 08 November 2019