Uzbekistan Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

The construction industry in Uzbekistan is expected to expand by 3.9% in real terms this year, supported by the easing of coronavirus (COVID-19) restrictions and government investments in educational buildings and hydropower plants, along with constructing several railway projects. However, the ongoing Russia-Ukraine crisis and its impact on the prices of oil and other commodities present major downside risks to the industry's short-term outlook. The crisis has led to a surge in energy costs, and has impacted supply and demand for many vital construction materials and supplies; this is expected to undermine investor confidence, and result in delays for new project starts.

Uzbekistan's Parliament approved the State Budget for 2022 in December 2021. The total expenditure and revenues are estimated to be UZS214.8 trillion ($18.5 billion) and UZS200 trillion ($17.3 billion), respectively, this year. By sectors, UZS46.9 trillion ($4.1 billion) is allocated for education expenditures, UZS22.8 trillion ($2 billion) for healthcare expenditures, UZS3.4 trillion ($293.3 million) for cultural and sports expenditures, and UZS1.5 trillion ($129.4 million) for research and development (R&D). In a latest development, the State Statistics Committee reported in early August 2022 that 57,814 new enterprises were created in the first seven months of this year. Of the total, 20,850 enterprises are involved in trading activities, 10,247 in industrial activities, 8,338 in agriculture, forestry, and fisheries activities, 3,506 in accommodation and food services, and 2,951 in construction.

The Uzbekistani construction industry is expected to register an annual average annual growth of 4.6% from 2023 to 2026, supported by investments in commercial, renewable energy, housing, healthcare, and education projects. Forecast-period growth in the industry will also be supported by investments in transport infrastructure, in line with the government's focus on improving regional connectivity and boosting trade

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 (2017-2021) and forecast (2022-2026) 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

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.