Investment Opportunities in Uzbekistan

Authors

  • Wei Wang Zhejiang University of Science and Technology, Hangzhou, 310023, China Author
    • Shakhzod Tokhirov Zhejiang University of Science and Technology, Hangzhou, 310023, China Author

      DOI:

      https://doi.org/10.31686/ijier.vol7.iss12.2017

      Keywords:

      Economy, Foreign Direct Investment, Opportunities, Uzbekistan

      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.

      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

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      Published

      2019-12-01

      Issue

      Vol. 7 No. 12 (2019): International Journal for Innovation Education and Research

      Section

      Journal Articles

      License

      Copyright (c) 2019 Wei Wang, Shakhzod Tokhirov

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      This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.

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      How to Cite

      Wang, W., & Tokhirov, S. (2019). Investment Opportunities in Uzbekistan. International Journal for Innovation Education and Research, 7(12), 101-114. https://doi.org/10.31686/ijier.vol7.iss12.2017