OREANDA-NEWS. March 24, 2010. In line with tradition, the spring exhibition season in Tashkent has opened with the eleventh international specialized exhibition, Construction UzBuild 2010.

Before the construction season, international exhibitions provide the most reliable guide for businessmen on “what to use and where to buy” and the like. Just as in a chess game, such occasions allow us to look at a few moves ahead.

Construction exhibition has traditionally covered the major segments of the industry: building materials and equipment, varnishes and paints, roofing materials, heating and ventilation, floor coverings, windows and doors, plumbing, etc.

The construction industry, say experts of Uzstroymateriali, represents huge opportunities. This explains the interest of not only foreign but also domestic manufacturers in the promising market of the most densely populated state in Central Asia. This year, the construction exhibition featured products by 120 companies from 15 countries worldwide.

Up to 45% stands of the current exhibition represented Uzbek enterprises. For comparison, in 2008, their share was hardly 25%. Broad representation of domestic companies provide effective opportunities for promotion and business development, a guarantee that after some time the most modern building materials used in the world will appear in the domestic market.

Leading in market

The construction industry is one of the most promising and rapidly developing areas of the national economy and its consolidation is a part of a strategy of industrial development of Uzbekistan. Its further development requires introduction of new technologies and innovative solutions, advanced forms and methods of production. The government has paid special attention to strengthening the position of the industry and increasing its competitiveness.

Despite the decline in the investment flow caused by the global financial crisis, the amount of expected foreign investment in the construction industry of Uzbekistan increases in 2010. Experts attribute this to the consistent implementation of the program of anti-crisis measures for 2009-2014. It is planned to attract more than USD  53 million of loans and investment from international financial institutions, bilateral partners and foreign companies for the implementation of four investment projects in the construction industry scheduled for 2010. Clearly outlined development priorities ensure an interest of investors, large companies and corporations in the construction industry of Uzbekistan.