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130 000 000 USD

Project information

NPV

$45.5 million

PP

5.9 years

IRR

24%

Sector

Agriculture

Project status

Open for investment

Contact person

Industry outlook

Uzbekistan's agriculture sector remains a vital component of its economy, contributing approximately 19.2% to the national GDP in 2024. The sector experienced a 3.1% growth in gross value added, primarily driven by crop and livestock production .

In the first eight months of 2024, agricultural exports surged by 21%, reaching $922.8 million. Key export destinations included Russia, Pakistan, and Kazakhstan. Notably, exports of cabbage and apricots saw significant increases, doubling and rising by 53%, respectively .

The government is actively implementing the "Agro 2030" strategy, focusing on:

Enhancing export potential of the agri-food sector,

Increasing production of value-added products,

Expanding international certification systems,

Developing cooperation mechanisms to promote farmer groups .

Infratructure costs

Uzbekistan offers competitive infrastructure costs, making it an attractive location for manufacturing investments. Key costs include:

- Gas: 12 cents per m³

- Electricity: 7 cents per kWh

- Water: 20 cents per m³

Labour availability

Higher education institutions: 5  


Faculties of higher education: 14


Number of graduates: 3 000 


Trade access

GSP+ agreement allows to export to EU at reduced or zero tariff for 6 200 products. CIS Free Trade Agreement creates more integrated and open market with CIS countries.

Tax holidays

Investors in Free Economic Zones (FEZs) can benefit from tax exemptions on land, property, water, and corporate income tax (CIT).

3 years: for investments between 0.3 - 3 million USD

5 years: for investments between 3 - 5 million USD

7 years: for investments between 5 - 10 million USD

10 years: for investments over 10 million USD

Project location