About Uzbekistan
Economic development
One of the main indicators of successful development of any state model is the ability of the socio-political system to flexibly respond to the demands of time, to change, redistribute powers and create effective social elevators to fill the three branches of government with young specialists. This creates a unique balance between experience and youth and leads the country to new achievements and successes. Uzbekistan is one of the leaders in this direction.
Why is Uzbekistan so attractive for foreign companies? Natural resources, highly trained staff, transport and engineering infrastructure, favorable business climate - each of these factors can interest an investor, but, perhaps, the main investment beacon is a clear and well-thought-out policy in this field, based on mutual trust and mutual benefit of the parties.
After all, big businesses aim at long-term relations based on confidence in the future, the adequacy and predictability of the political course rather than immediate benefit. And Uzbekistan demonstrates all this to the world. Of course, one should not forget purely economic factors. The investment attractiveness of the industries is determined by the relatively low costs of production - electricity and natural gas, significant domestic sales market.
After all, big businesses aim at long-term relations based on confidence in the future, the adequacy and predictability of the political course rather than immediate benefit. And Uzbekistan demonstrates all this to the world. Of course, one should not forget purely economic factors. The investment attractiveness of the industries is determined by the relatively low costs of production - electricity and natural gas, significant domestic sales market.
The number of foreign investors working in the economy of any country, first of all, speaks of one factor - its barrier-free attitude to business. The New Uzbekistan under the leadership of President Shavkat Mirziyoyev has turned the words – “maximum openness and new opportunities” its main thesis in relations with business long time ago. And, judging by the constantly growing number of joint ventures and projects being carried out, the business has not only appreciated, but also supported the government’s aspiration for progressive development.
In addition, it is very important for investors that the republic does not stop at what has been achieved and takes further steps to improve the business environment, setting the strategic goal of increasing its place in the World Bank’s Doing Business rating. In particular, according to the latest study, Uzbekistan’s rating has grown significantly in several directions.
In addition, it is very important for investors that the republic does not stop at what has been achieved and takes further steps to improve the business environment, setting the strategic goal of increasing its place in the World Bank’s Doing Business rating. In particular, according to the latest study, Uzbekistan’s rating has grown significantly in several directions.
Today, hundreds of projects are being implemented in Uzbekistan aimed at technical and technological re-equipment of production facilities, which are clearly integrated into the overall system development of the national economy. After all, it is important to not only modernize one enterprise that will master the production of new products for the country, but approach this issue comprehensively and develop related industries that will provide it with raw materials, components, establish localization, create a transport and logistics infrastructure. Attracting foreign investments plays a special role in these processes, as well as the advanced experience and competencies possessed by Mine Construction Alliance s.r.o
One could barely recognize Uzbekistan today, as the country has seriously changed in recent years. And it is important to understand that the main vector of all these transformations is primarily aimed at people and their comfortable present and promising future.
One could barely recognize Uzbekistan today, as the country has seriously changed in recent years. And it is important to understand that the main vector of all these transformations is primarily aimed at people and their comfortable present and promising future.
Mining industry
The mining industry of Uzbekistan is not only one of the leaders in the real sector of the economy, but also has enormous potential to attract foreign investors.
More than two thousand mineral deposits have been discovered in Uzbekistan, and what is especially important - about half of that number was achieved during independence. To attract investments in the development of domestic mineral resource base, a number of legislative acts have been approved to regulate issues of subsoil use and issuance of licenses for the right to use areas containing mineral resources. On the basis of these deposits, it is possible to create enterprises that produce a wide range of modern products that are in demand on the local and world markets.
More than two thousand mineral deposits have been discovered in Uzbekistan, and what is especially important - about half of that number was achieved during independence. To attract investments in the development of domestic mineral resource base, a number of legislative acts have been approved to regulate issues of subsoil use and issuance of licenses for the right to use areas containing mineral resources. On the basis of these deposits, it is possible to create enterprises that produce a wide range of modern products that are in demand on the local and world markets.
It should be noted that the country has also created a solid base of benefits and preferences, which stimulate investors to carry out exploration work in promising areas. Thus, legal entities and individuals who financed geological exploration of subsoil have the exclusive right to obtain a license for the extraction of minerals in the field they have explored.
In 2020 alone, over 150 new deposits were accepted on the state balance sheet, resources and reserves of gold, silver, uranium and copper are growing. Three gold deposits were discovered in the Kuldzhuktau and Auminzatau mountains in Bukhara and the Navoi regions, two uranium deposits in the Kattakurgan district of the Samarkand region and the Arnasai district of the Jizzakh region. In addition, mining and geological data on 32 types of reserves have been transferred to international JORC standards.
Another important direction is modernization of the industry; modern drilling and laboratory equipment has been purchased in recent years. As a result, drilling productivity increased by 25 percent compared to 2019. In addition, the number of elements found in ore has increased from 40 to 63.
In 2020 alone, over 150 new deposits were accepted on the state balance sheet, resources and reserves of gold, silver, uranium and copper are growing. Three gold deposits were discovered in the Kuldzhuktau and Auminzatau mountains in Bukhara and the Navoi regions, two uranium deposits in the Kattakurgan district of the Samarkand region and the Arnasai district of the Jizzakh region. In addition, mining and geological data on 32 types of reserves have been transferred to international JORC standards.
Another important direction is modernization of the industry; modern drilling and laboratory equipment has been purchased in recent years. As a result, drilling productivity increased by 25 percent compared to 2019. In addition, the number of elements found in ore has increased from 40 to 63.
Contact
Office number: +998 77 359 08 08
Manager number: +998 77 359 09 09
Working hours: 9:00 - 18:00
Address
Alisher Navoiy Street, 22, Tashkent, Uzbekistan