The analyst expects that the construction industry in Uzbekistan to expand by 7.2% in real terms in 2026, supported by investments in transport and renewable energy projects, coupled with increase in foreign direct investment (FDI). According to the State Committee of the Republic of Uzbekistan on Statistics, the construction industry’s value-add grew by 13.3% year on year (YoY) in Q4 2025, preceded by Y-o-Y growth rates of 20.2% in Q3 and 10.7% in Q2 2025. According to the Ministry of Investment, Industry and Trade of Uzbekistan, the total volume of foreign investment utilized in Uzbekistan reached UZS546.6 trillion ($43.1 billion) in 2025, a 24% growth compared to the previous year.
Over the remainder of the forecast period, Uzbekistan’s construction industry is expected to register an average annual growth rate of 5.5% from 2027 to 2030, supported by public and private sector investments in transport, industrial, and renewable energy projects, coupled with the government’s aim to significantly expand its total power generation capacity from 20GW as of mid-2025 to 55GW by 2035. In December 2025, the country’s President announced that the government started the construction of 42 new generation, storage, and production facilities worth a total of UZS139.5 trillion ($11 billion), which is a part of a nationwide strategy to strengthen the country’s energy system. These projects include 16 solar, wind, thermal, and hydroelectric power plants worth UZS41.9 trillion ($3.3 billion) and with a combined capacity of 3,500MW, located in Karakalpakstan, and the Bukhara, Kashkadarya, and Tashkent regions.
Over the remainder of the forecast period, Uzbekistan’s construction industry is expected to register an average annual growth rate of 5.5% from 2027 to 2030, supported by public and private sector investments in transport, industrial, and renewable energy projects, coupled with the government’s aim to significantly expand its total power generation capacity from 20GW as of mid-2025 to 55GW by 2035. In December 2025, the country’s President announced that the government started the construction of 42 new generation, storage, and production facilities worth a total of UZS139.5 trillion ($11 billion), which is a part of a nationwide strategy to strengthen the country’s energy system. These projects include 16 solar, wind, thermal, and hydroelectric power plants worth UZS41.9 trillion ($3.3 billion) and with a combined capacity of 3,500MW, located in Karakalpakstan, and the Bukhara, Kashkadarya, and Tashkent regions.
The Construction in Uzbekistan - Country Briefing (H1 2026) report provides detailed market analysis, information, and insights into Uzbekistan’s construction industry, including:
- Uzbekistan’s 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 Uzbekistan’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Report Scope
This report provides a comprehensive analysis of the construction industry in Uzbekistan. It provides:
- Historical (2021-2025) and forecast (2026-2030) 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 our 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 business strategies using the analyst's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance3 Latest news and developments4 Project analytics5 Construction Market Data6 Risk Profile
7 Appendix
List of Tables
List of Figures
