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 Forum September 7, 2009 Tashkent, Uzbekistan Bakhtier M. IRMATOV Director of “Uzinfoinvest” Agency under the Ministry for Foreign Economic Relations, Investment and Trade
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The Uzbekistan – Chinese Business Forum September 7, 2009 Tashkent, Uzbekistan Bakhtier M. IRMATOV
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 Forum - PowerPoint PPT Presentation
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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 SOURCESAlternative energy Alternative energy sources in sources in Uzbekistan:Uzbekistan: solar energysolar energy wind energywind energy biofuelbiofuel solid waste solid waste
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 INDICATORSGDP growth (%)GDP 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
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
External debt of the External debt of the country is country is 13.3%13.3% of GDP of GDP
FOREIGN INVESTMENTS INFOREIGN INVESTMENTS IN UZBEKISTANUZBEKISTAN
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
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]
Gas• Explored reserves – more than 2 trln 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 gas transportation system - 9 main gas pipes with 12 thousand km length
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
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• production of leather for furniture production of leather for furniture and clothesand clothes
• manufacture of leather accessoriesmanufacture of leather accessories
• manufacture of bottom parts of manufacture of bottom parts of shoes, insoles, etc.shoes, insoles, etc.
LEATHER-SHOE INDUSTRYLEATHER-SHOE INDUSTRY
[23]
TOURISM CAPACITYTOURISM CAPACITYLargest tourist potential Largest tourist potential among the countries of among the countries of
Central AsiaCentral Asia
Ecological and Ecological and sports tourismsports tourism
Medical 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