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INVESTMENT ENVIRONMENT OF UZBEKISTAN AND PROSPECTS OF ECONOMIC COOPERATION WITH
THE CHINESE PEOPLE’S REPUBLIC, AND INVESTMENT PROSPECTS OF CHINESE
COMPANIES COOLABORATION IN PROJECTS IMPLEMENTATION WITHIN FIEZ “NAVOI”
The Uzbekistan – Chinese Business ForumSeptember 7, 2009
Tashkent, Uzbekistan
Bakhtier M. IRMATOVDirector of “Uzinfoinvest” Agency under the
Ministry for Foreign Economic Relations, Investment and Trade
[2]
The leading industrial countryin CA
FACTORS OF SUCCESS IN UZBEKISTANFACTORS OF SUCCESS IN UZBEKISTAN
Rich raw materials base
Advantageous geographical location
Transport-logistic system integrated into air and land communications of international importance
Diversified industrial base
Scientific and intellectual capacity of the country
[3]
ACCESS TO RICH RAW MATERIALS BASE ACCESS TO RICH RAW MATERIALS BASE
Uzbekistan possesses unique resources:
solid raw materials, including metallic and non-metallic
hydrocarbons
[4]
ENERGY SELF-SUFFICIENCYENERGY SELF-SUFFICIENCY
Oil and gasOil and gas
Hydro Hydro energyenergy
Heat energyHeat energy
Electric Electric energyenergy
Energy resources Energy resources are sufficient to are sufficient to cover demand of cover demand of the economy at the economy at least for least for 100100 years years
[5]
ALTERNATIVE ENERGY SOURCESALTERNATIVE ENERGY SOURCES
Alternative energy Alternative energy sources in sources in Uzbekistan:Uzbekistan: solar energysolar energy wind energywind energy biofuelbiofuel solid waste solid waste
recyclingrecycling combustible shalecombustible shale
[6]
East AsiaLondon
Paris
Berlin
Moscow
Beijing
Tokyo
Seoul
Singapore
Jakarta
ManilaBangkokPhnom Penh
Muscat
Cairo
Abu Dhabi
Doha
JerusalemBaghdad
Riyadh
Amman
Tehran
Europe
South-East and South Asia
Ankara
Shanghai
BENEFICIAL GEOGRAPHICAL LOCATION BENEFICIAL GEOGRAPHICAL LOCATION TO THE LARGEST MARKETS TO THE LARGEST MARKETS
Minsk
Kiev
CIS
Middle East & Africa
Central Asia
Astana
Ashgabat
Kabul
Bishkek
CA & Afghanistan: 90 mln. peopleCA & Afghanistan: 90 mln. peopleCIS: 300 mln. people CIS: 300 mln. people
Brussels
[7]
CIS FREE TRADE AREACIS FREE TRADE AREA
300 mln. consumers
MFN Treatment
with 44 countries, including Republic of Korea, EU countries, China, US, Japan
BENEFICIAL TRADE CONDITIONS BENEFICIAL TRADE CONDITIONS
12 countries
[8]
WELL EDUCATED HUMAN RESOURCES AND HUGE WELL EDUCATED HUMAN RESOURCES AND HUGE INTELLECTUAL POTENTIALINTELLECTUAL POTENTIAL
• 65 universities and institutions
• affiliates of key foreign universities:
• Moscow State University
• Westminster International University
• Singapore Institute of Management Development
• Turin Polytechnic Institute
• and others
[9]
MACROECONOMIC INDICATORSMACROECONOMIC INDICATORS
GDP growth (%)GDP growth (%)GDP growth (%)GDP growth (%) Industrial production growth (%)Industrial production growth (%)Industrial production growth (%)Industrial production growth (%)
[10]
Effective moderately rigid Effective moderately rigid monetary and fiscal policy monetary and fiscal policy has allowed to support has allowed to support inflation rate at rather low inflation rate at rather low levellevel
Effective moderately rigid Effective moderately rigid monetary and fiscal policy monetary and fiscal policy has allowed to support has allowed to support inflation rate at rather low inflation rate at rather low levellevel
INFLATION RATEINFLATION RATE(%)
[11]
FOREIGN RESERVES OF UZBEKISTANFOREIGN RESERVES OF UZBEKISTAN
By the end of 2008 By the end of 2008 foreign reserves could foreign reserves could ensure imports in ensure imports in 22 22 monthsmonths
By the end of 2008 By the end of 2008 foreign reserves could foreign reserves could ensure imports in ensure imports in 22 22 monthsmonths
External debt of the External debt of the country is country is 13.3%13.3% of GDP of GDPExternal debt of the External debt of the country is country is 13.3%13.3% of GDP of GDP
[12]
FOREIGN INVESTMENTS INFOREIGN INVESTMENTS IN UZBEKISTANUZBEKISTAN
Attracted Attracted 1.7 1.7 bln USD bln USD of of foreign foreign investmentinvestment
Attracted Attracted 1.7 1.7 bln USD bln USD of of foreign foreign investmentinvestment
In 2008:
423423 large- large-scale enterprises scale enterprises were set in were set in operationoperation
423423 large- large-scale enterprises scale enterprises were set in were set in operationoperation
Growth rate of Growth rate of total investment total investment – – 132.7%,132.7%, incl. incl. FDI – FDI – 2.4 times 2.4 times
Growth rate of Growth rate of total investment total investment – – 132.7%,132.7%, incl. incl. FDI – FDI – 2.4 times 2.4 times
In 1H 2009:
[13]
PROJECTS IMPLEMENTED IN UZBEKISTANPROJECTS IMPLEMENTED IN UZBEKISTAN
Production of liquid synthetic fuels from natural gas, coal, oil shale
Modernization of existing TPP with ABB, Alstom, Siemens with the installation of modern steam power generation technologies
Production of poly-, single crystals of silicon
Production of chemical fertilizers
Manufacture of automobile engines and diesel engines for agricultural machinery
Manufacture of large-capacity buses and heavy trucks
[14]
GasGas
• Explored reserves – more than 2 trln m3
• Explored reserves – more than 2 trln m3
• Extraction – about 65 bln m3• Extraction – about 65 bln m3
Uzbek share in Uzbek share in Central AsiaCentral Asia:: • 40%40% - - natural gasnatural gas• 55%55% - - coalcoal• coal reservescoal reserves – – 22 bn tonsbn tons
Uzbek share in Uzbek share in Central AsiaCentral Asia:: • 40%40% - - natural gasnatural gas• 55%55% - - coalcoal• coal reservescoal reserves – – 22 bn tonsbn tons
• Uzbek gas transportation system - 9 main gas pipes with 12 thousand km length
• Uzbek gas transportation system - 9 main gas pipes with 12 thousand km length
Sector Investment Sector Investment CapacityCapacity
USD USD 55 bln bln
OIL & GAS INDUSTRYOIL & GAS INDUSTRY
[15]Explored ReservesExplored Reserves USD USD 3.53.5 trln trln
MINING & QUARRYINGMINING & QUARRYING
[16]
ELECTRICAL ENGINEERING ELECTRICAL ENGINEERING
Central Asia demand in:
• Refrigerators and air conditioners – 1 mln. units
• Washing machines and vacuum cleaners – 600 thsd. units
• Microwaves – 300 thsd. units
• Lamps – 500 mln. units
USD USD 115050 mlnmlnSector Investment Capacity:Sector Investment Capacity:
[17]
CHEMICAL INDUSTRYCHEMICAL INDUSTRY
USD USD 22 blnblnSector Investment CapacitySector Investment Capacity::
Annual regional demand for soap – 130 thsd. tons,detergents – 300 thsd. tons
[18]
Domestic demand for pharmaceuticals:
• injections – 300 mln. ampoules
• infusions – 50 mln. flasks
• biopharmaceuticals – 500 thsd. packs
• anticeptics – 100 thsd. flasks
• uncture – 1 bln. packs
• antibiotics – 50 mln. flasks
• suture – 500 thsd. r.m.
• syringes – 200 mln. units
PHARMACEUTICAL INDUSTRYPHARMACEUTICAL INDUSTRY
[19]
CONSTRUCTION MATERIALS CONSTRUCTION MATERIALS
Glazed tile
Stone tile Ashlar
Parquet
ceramic tiles - 10 mln. sq. m
sanitary ware - more than 160 thsd. units
Annual domestic needs in
USD USD 700700 mln mlnSector Investment Capacity:Sector Investment Capacity:
Marble
[20]
USD USD 300300 mlnmlnSector Investment Capacity:Sector Investment Capacity:
FRUITS-AND-VEGETABLES FRUITS-AND-VEGETABLES PROCESSINGPROCESSING
• one of the largestone of the largest producersproducers of raisin and dried fruitsof raisin and dried fruits
• one of the largestone of the largest producersproducers of raisin and dried fruitsof raisin and dried fruits
• one of the top-five producersone of the top-five producers of tomato-paste in the worldof tomato-paste in the world
• one of the top-five producersone of the top-five producers of tomato-paste in the worldof tomato-paste in the world
• cultivate cultivate 10 10 mln tons of fruit-mln tons of fruit-and-vegetablesand-vegetables p.a. p.a.
• cultivate cultivate 10 10 mln tons of fruit-mln tons of fruit-and-vegetablesand-vegetables p.a. p.a.
[21]
Total domestic demand for textiles:
TEXTILE INDUSTRY TEXTILE INDUSTRY
• Finished fabrics – 900 mln. sq. m
• Footwear – 170 mln. pairs
• Garments – 275 mln. units
USD USD 770000 mlnmlnSector Investment Capacity:Sector Investment Capacity:
[22]
Prospective directions for joint Prospective directions for joint cooperation:cooperation:
Prospective directions for joint Prospective directions for joint cooperation:cooperation:
• modeling and manufacture of modeling and manufacture of men’s, women’s and children’s men’s, women’s and children’s shoesshoes
• modeling and manufacture of modeling and manufacture of men’s, women’s and children’s men’s, women’s and children’s shoesshoes
• production of leather for furniture production of leather for furniture and clothesand clothes
• production of leather for furniture production of leather for furniture and clothesand clothes
• manufacture of leather accessoriesmanufacture of leather accessories• manufacture of leather accessoriesmanufacture of leather accessories
• manufacture of bottom parts of manufacture of bottom parts of shoes, insoles, etc.shoes, insoles, etc.
• manufacture of bottom parts of manufacture of bottom parts of shoes, insoles, etc.shoes, insoles, etc.
LEATHER-SHOE INDUSTRYLEATHER-SHOE INDUSTRY
[23]
TOURISM CAPACITYTOURISM CAPACITY
Largest tourist potential Largest tourist potential among the countries of among the countries of
Central AsiaCentral Asia
Ecological and Ecological and sports tourismsports tourismEcological and Ecological and sports tourismsports tourism
Medical and Medical and health tourismhealth tourismMedical and Medical and
health tourismhealth tourism
[24]
INVESTMENT PROPOSALS IN INVESTMENT PROPOSALS IN TOURISMTOURISM
• Construction of new world-class hotels
• Construction of motels and camping’s recreation units along automobile roads
• Establishment of joint travel agencies
• Management of existing hotels in Samarqand, Urgench, Tashkent • Tourists exchange
THANK YOUTHANK YOU!!