Market Research Report
Uzbekistan Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026
|Uzbekistan Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026|
Published: April 29, 2022
Content info: 25 Pages
Delivery time: 1-2 business days
The construction industry in Uzbekistan registered an annual growth of 6.8% in real terms in 2021, supported by the easing of lockdown restrictions, coupled with investments on transport and social infrastructure projects. According to the Ministry of Economic Development and Poverty Reduction, the government developed 7,794 villages and mahallas within the framework of the Obod qishloq and Obod mahalla programs in 2021. This includes the construction, renovation and repair of drinking water and wastewater networks, electricity networks, irrigation and melioration networks, schools, hospitals, single dwelling, and multi-dwelling houses. In addition, the industry's growth was also supported by financial assistance from financial institutions such as the European Bank for Reconstruction and Development (EBRD) and the Asian Development Bank (ADB). The EBRD reported in January 2022 that it had invested almost UZS7.7 trillion ($690 million) in 22 projects in Uzbekistan last year.
The Uzbekistani construction industry is expected to expand by 3.9% in real terms this year, before registering annual expansions in the range of 4.1-5% from 2023 to 2026. The sector's output over the forecast period will be supported by investments in transport, renewable energy, housing, health, and education infrastructure projects. In January 2022, the government approved a program for the development of social and industrial infrastructure across the country, during the period of 2022-24. It includes an investment of UZS76.8 trillion ($6.9 billion) on various projects over the next three years, including UZS23.8 trillion ($2.1 billion) to be invested in 2022. Projects in the social sector received the highest allocation of investment earmarked for 2022, equivalent to 24.8% - this is followed by projects in the road and transport (11.3%), irrigation and land reclamation (6.3%) and engineering and communication network (5.5%) sectors. In the short and medium term, however, the construction industry faces downside risks from inflationary pressures such as high energy costs and supply-side shortages owing to the conflict in Ukraine, which is rapidly pushing up costs of key construction materials. Rising construction costs and uncertainty surrounding the conflict is likely to weigh on construction activity in 2022, weakening the industry's outlook over the year.
The report provides detailed market analysis, information, and insights into the Uzbekistani construction industry, including -
This report provides a comprehensive analysis of the construction industry in Uzbekistan. It provides -