Uzbekistan Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027

Uzbekistan Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027

Summary

GlobalData expects the construction industry in Uzbekistan to expand by 6.2% in real terms in 2023, supported by investment in renewable energy, residential, and industrial projects, coupled with rising foreign direct investment. According to the statistics agency of Uzbekistan, the country recorded foreign investment and loans in fixed assets worth UZS26.2 trillion ($2.2 billion) in the first six months of 2023. Of the total, the manufacturing sector accounted for 44.3% of the total investment by value, followed by the mining sector (13.6%), electricity and gas supply (12.9%) and the transportation sector (8.3%). In 2022, Uzbekistan attracted UZS23.3 trillion ($1.9 billion) in foreign investment and loans in fixed assets.

Uzbekistan’s construction industry is expected to register an average annual growth of 4.7% from 2024 to 2027, supported by investment as part of the “Development Strategy of the New Uzbekistan for 2022-2026 (New Uzbekistan Strategy)”. Some of the main targets outlined in the plan include achieving an export target of UZS361.9 billion ($30 billion); attracting UZS844.3 trillion ($70 billion) in foreign investment - including UZSS168.9 billion ($14 billion) under the public private partnership (PPP) framework; generating 25% of power from renewables, and attracting nine million foreign tourists annually by 2026. The plan also includes a target to increase the coverage of children with pre-school education to 80% by 2026, educating 6.4 million people annually and creating an additional capacity for 1.2 million students in the system, by that year. It also plans to triple spending on primary healthcare and save seven billion m3 of water through the efficient usage of water resources in agriculture and industry by 2026.

The report provides detailed market analysis, information, and insights into Uzbekistan’s construction industry, including -

• Uzbekistan’s construction industry's growth prospects by market, project type and construction activity
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Uzbekistan’s construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Uzbekistan. It provides -

• Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Uzbekistan, featuring details of key growth drivers.
• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
• Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

• Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
• Assess market growth potential at a micro-level with over 600 time-series data forecasts.
• Understand the latest industry and market trends.
• Formulate and validate strategy using GlobalData's critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.