1. Overview
of Uzbekistan Market Uzbekistan is a "double landlocked country" located in the hinterland of Central Asia, and it and its five neighboring countries have no access to the sea. It borders Kazakhstan to the north and northeast, Kyrgyzstan and Tajikistan to the east and southeast, Turkmenistan to the west, and Afghanistan to the south.
Uzbekistan is divided into one autonomous Republic (Karakalpakstan Autonomous Republic), 12 oblasts (Khwarezm, Navoi, Bukhara, Samarkand, Kashka-Darya, Surkhan-Darya, Djizak, Syr-Darya, Tashkent, Namangan, Andijan, Fergana Oblast) and one municipality (Tashkent). Fergana Oblast is located in the eastern part of the Republic of Uzbekistan, in the southern part of the Fergana Basin, with Namangan Oblast to the north, Andijan Oblast to the northeast, the Republic of Tajikistan to the west, and Kyrgyzstan to the south and east. Fergana, Samarkand, Namangan, Andijan and Targan oblasts are the most populous oblasts in Uzbekistan. Since
2017, under the leadership of President Mirziyoyev, the new government of Uzbekistan has been determined to reform, actively open up to the outside world, vigorously attract investment, greatly improve the business environment, and constantly burst out market vitality. In recent years, Uzbekistan's GDP has increased significantly, making it one of the fastest growing economies in Central Asia.
Figure 1: Substantial GDP growth
in Uzbekistan
Source: Cement Big Data (https://data.ccement.com/)