Uzbekistan Investment Gateway - The biggest investment deals

2006 has been marked by a great number of deals with the participation of foreign investors. Most of investments were in the telecommunications, gas, food and construction materials sectors.

According to official statistics the volume of foreign direct investments in 2006 has grown to 683.8 million USD from around half a billion in 2005.

Among the largest transactions with participation of foreign investors below are given some notable transactions and projects realized in 2005 - 2007:

Year	Investments	Industry	Investor	Purchased share	Amount of investments
2005 -2006	JSC Buhoro gips (“Bukhara Gypsum”)	Production of construction materials	«Knauf International GmbH» (Germany)	Investor purchased 30.77% of initial emission; further the investor brought its total share to 97.3%	USD 1.055 million
2006	Unitel LLC and Buztel LLC cellular companies	Telecommuni cation	«Vimpelkom» (Russia)	100% of shares in both companies	USD 200 million and 60 million correspondingly
2006	JSC Buhoro elektr tarmoqlari (“Bukhara electric networks”)	Power generating	«Endevour LLC» (USA)	39.94%	USD 4.064 million
2006	JSC Fargona elektr tarmoqlari (“Ferghana electric networks”)	Power generating	«Endevour LLC» (USA) jointly with two other American companies - «Dawson Holdings LLC» and «Talaxico Limited Company»	«Endevour LLC» -14.8%, «Dawson Holdings LLC» -14.5%, «Talaxico Limit -14.7%	Total amount of USD 3.76 million
2006	JSC Ahangaran Cement	Production of construction materials	«Eurocement Group» (Russia)	75.5%	The sum of transaction is not disclosed
2006	JSC Marvel Juice	Food industry	«Shymkent Beer» (Kazakhstan)	50%	UZS 4.33 billion (USD 3.5 million)
2006	JSC Savdogar Bank	Bank industry	“R&D Express-Aussenhandels GmbH” (Germany)	40%	USD 2 million
2006	JSC Kvartz	Production of construction materials	“Carlton Group LLC” (USA)	52%	USD 4.4 million plus USD 2.5 million in future investment commitments
2006	JSC Khorazm Shakar (“Khorezm Sugar”)	Food industry	”SEID Íandelsgesellschaft m.b.H“ (Austria)	99.43%	USD 17.6 million plus outstanding debts of the company equal to 17.45 million USD
2006	BALTICA brewery plant in Tashkent	Food industry	“Baltic beverages Holding AB (BBH)” (Sweden)	Direct capital investments	ˆ38 million
2007	GM Uzbekistan	Automobile industry	General Motors	25%	The sum of transaction is not disclosed

The investments in the Table above show the foreign investors’ interest to invest in Uzbekistan and establish strong basis for further business actions. Russian and Kazakh investors predominate the list not only because of their geographic proximity to Uzbekistan but also because they find it easier to do business with a common language and knowledge of local business conditions.

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Additional sources of information

http://amcham.uz/

The official web site of the American Chamber of Commerce in Uzbekistan. The web site contains information about the investors who are working in Uzbekistan.

http://www.chamber.uz

The official web site of the Chamber of Commerce and Industry of the Republic of Uzbekistan. The web site contains general information about biggest Joint Ventures in Uzbekistan.

Last Updated ( Tuesday, 11 December 2007 )

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