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Market Research Report
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1089702

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

Published: | GlobalData | 25 Pages | Delivery time: 1-2 business days

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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
GlobalData
Content info: 25 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

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 -

  • The Uzbekistani 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 the Uzbekistani 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.
  • 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.
Product Code: GDCN0892MR

Table of Contents

Table of Contents

1. Construction Outlook

2. Construction Industry: At-a-Glance

3. Latest News and Developments

4. Project Analytics

5. Construction Market Data

6. Risk Profile

7. About GlobalData

  • 7.1 Definitions
  • 7.2 CRI Methodology

List of Tables

List of Tables

  • Table 1: Construction Industry Key Data
  • Table 2: Uzbekistan, Top Construction Projects by Value
  • Table 3: Uzbekistan, Construction Output Value (Real, $ Million)
  • Table 4: Uzbekistan, Construction Output Value (Nominal, UZS Billion)
  • Table 5: GlobalData Construction Market Definitions
  • Table 6: Risk Dimensions
  • Table 7: Ratings, Scores and Definitions

List of Figures

List of Figures

  • Figure 1: Uzbekistan, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2017-26
  • Figure 2: Uzbekistan, Construction Output Value, by Sector (Real, $ Million), 2017-26
  • Figure 3: Eastern Europe, Construction Output (Real % Change), 2020-26
  • Figure 4: Uzbekistan, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
  • Figure 5: Uzbekistan, Construction Value Add, In Constant Previous Year Prices, In UZS Billion
  • Figure 6: Uzbekistan, Commercial Bank Loans for Construction, In UZS Billion
  • Figure 7: Uzbekistan, Gross Fixed Capital Formation, In Constant Previous Year Prices, In UZS Billion
  • Figure 8: Uzbekistan, Accommodation and Food Services Value Add, In Constant Previous Year Prices, In UZS Billion
  • Figure 9: Uzbekistan, Wholesale and Retail Value Add, In Constant Previous Year Prices, In UZS Billion
  • Figure 10: Uzbekistan, Manufacturing Value Add, In Constant Previous Year Prices, In UZS Billion
  • Figure 11: Uzbekistan, Mining and Quarrying Value Add, In Constant Previous Year Prices, In UZS Billion
  • Figure 12: Uzbekistan, Total Value of Goods Exports, In $ Million
  • Figure 13: Uzbekistan, Electricity, Gas, Steam and Air Conditioning Supply Value Add, In Constant Previous Year Prices, In UZS Billion
  • Figure 14: Uzbekistan, Commercial Bank Loans for Construction and Acquisition of New Housing, In UZS Billion
  • Figure 15: Uzbekistan, Construction Projects Pipeline, Value by Stage ($ Million)
  • Figure 16: Uzbekistan, Risk Summary
  • Figure 17: Uzbekistan, Risk Regional Comparison