OREANDA-NEWS. RnR Market Research Offers Report by Research on Uzbekistan Infrastructure Report Q3 2016

BMI View: As commodity prices begin to recover in 2016, a key economic headwind will subside for Uzbekistan, allowing economic growth and construction sector growth to stabilise. Growth will resume its moderate long-term trajectory in 2016, with a raft of major projects in a pipeline that receives significant development bank and government investment, as well as from key trade partners such as China and South Korea.

Forecast and Industry Developments

- We forecast construction sector growth to average 4.5% annually to 2025, when it will reach a value of UZS46.3trn (USD7.9bn).

-  Uzbekistan announced a five-year USD55bn plan to carry out 900 projects to modernise industrial facilities and build infrastructure, especially in the gas petrochemical sectors and construction of roads and airports.

-  Uzbek President Islam Karimov signed a resolution on 317 new projects for 2016-2017 worth upwards of USD16.9bn.

- Uzbekistan, along with its Central Asian neighbours, are key beneficiaries of China's investment in its One Belt One Road initiative.