Information about the partnership
Uzbekistan’s dynamic economy is characterised by progressive liberalisation, offering numerous cooperation opportunities for German SMEs. Partnering in Business with Germany provides targeted support for German SMEs entering the market, helping them to find partners in various sectors. German companies can benefit from Uzbekistan’s target markets, particularly in renewable energies and logistics, as well as other sectors. This establishes long-term partnerships and sustainable economic relations between the two countries.
Focus Areas and Cooperation Potentials of Uzbekistan
With around 37 million inhabitants, Uzbekistan is the most populous country in Central Asia and the second most important trading partner for Germany in the region behind Kazakhstan. There are attractive business opportunities for German companies offering products, technologies and services in the areas of electricity (renewable energy and energy efficiency), water management, textiles, healthcare, agriculture (smart farming), raw materials extraction, construction and the food industry. In addition, there is great potential for cooperation with Germany in the area of skilled labour recruitment. Germany mainly exports machinery and equipment to Uzbekistan, as well as vehicles and vehicle components and chemicals. The most important imports from Uzbekistan are food, textiles and metals. Uzbekistan is one of the world’s largest cotton exporters and is currently working towards a more integrated value chain in the textiles industry. This will present German companies with good business opportunities.
Business in Uzbekistan – Opportunities for German Companies
Uzbekistan has a diversified economy with a strong agricultural sector, an expanding industrial sector and a growing service sector. The industrial sector is characterised by textile production, food processing, mining and energy production. With the expansion of renewable energies, the country is not only contributing to a secure and reliable power supply. The trend reversal in power generation also opens up supply, co-operation and investment opportunities for German companies.
The ongoing expansion of the manufacturing and construction sectors is revitalising Uzbekistan’s economy, offering potential for business contacts between German and Uzbek companies at the same time. The logistics sector also provides international companies with a wide range of business opportunities.
Uzbekistan’s most important exports include gold, textiles, food, and metals. The main imports are machinery and equipment, chemicals, food and vehicles.
Industry Focus and Participant Profiles
Partnering in Business with Germany is open to managers from all sectors. The largest group of Uzbek companies taking part in the programme work in manufacturing. The focus is on mechanical engineering, textiles, agriculture, food processing, furniture production and equipment manufacturing. Smart farming, information technology and digitisation are growing in importance.
Networking events for Uzbek alumni are being held regularly, for example workshops and virtual networking events for women. An association bringing together former participants of the programme is currently being set up.
News
Partnering in Business with Germany promotes foreign trade with companies from Uzbekistan
Opening the 6th meeting of the German-Uzbek steering committee of Partnering in Business with Germany in Tashkent on 28 August 2024, Mr Tengiz Asanov, deputy head of the department for investment climate and rating at the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan, said: “Germany has always been one of the most reliable, important and versatile partners of Uzbekistan regarding trade, business, technologies and investment.”
Uzbekistan benefits from German technologies on the path to climate neutrality
On 16 May, around 60 Uzbek PG alumni met with representatives of the Federal Ministry for Economic Affairs and Climate Action (BMWK), the Chamber of Commerce and Industry of the Republic of Uzbekistan (CCIU), the Business School under the Cabinet of Ministers of Uzbekistan and the German business community at a networking event organised by Partnering in Business with Germany in Tashkent.
Sustainable energy: Thomas Preuhs Holding in dialogue with Central Asian managers
The spotlight during the exchange at the Preuhs Campus was on technologies aimed at utilizing renewable energies in building energy supply and fostering corporate sustainability, engaging managers from Turkmenistan, Kazakhstan, and Uzbekistan.
Entrepreneur from Tashkent Shows Flexibility and Farsightedness
Umida Tadjieva is a businesswoman through and through. After completing her degree as a paediatrician she attained a Master’s degree in health management and in 2014 founded a company that now makes it possible for patients in Uzbekistan to have access to high-quality medical treatment in Germany. The company is also active on the international health market and trains staff from medical and other fields. Yet, as an entrepreneur she doesn’t only export patients and staff, she also ensures that medical expertise flows back into Uzbekistan. The Manager Training Programme helped support her in doing this.
