UzOman Expands Logistics Portfolio to Support Uzbekistan’s Economic Growth

Expanding Uzbekistan’s Logistics Infrastructure Through Strategic Investments

Uzbek-Oman Investment Company, one of Uzbekistan’s oldest and most established investment companies, has announced a significant expansion of its logistics portfolio, further solidifying its commitment to supporting the country's economic development.

Established in 2010 as the first joint venture between Oman and Uzbekistan, UzOman has invested over USD 200 million into the Uzbek economy. The company currently manages a diverse portfolio of 12 business entities in various sectors of the economy.

UzOman has recently acquired a stake in the Highway Logistics Center (HLC). This modern logistics hub, located adjacent to the Yallama Post—a key border connecting Uzbekistan with Kazakhstan and serving as a vital route to Russia, China, and the European Union—features Class A warehouses and a truck dry port. UzOman believes that the logistics sector is vital for Uzbekistan’s economic growth. The increasing demand for Class A warehouses and advanced supply chain management systems are expected to surge, fuelled by the country's rapidly growing e-commerce sector and its openness to foreign investment.

Additionally, UzOman, is a major investor in Universal Logistics Services LLC (ULS), the largest dry-port terminal in Uzbekistan, situated on the outskirts of the capital city, Tashkent. ULS now handles the majority of Uzbekistan's trade containers, significantly contributing to the country's economic development.

UzOman, as a joint venture between the governments of Oman and Uzbekistan, believes that partnerships with local investment companies are crucial to the nation's economic progress. Such collaborations enable local investment companies to attract foreign investors and adhere to international investment practices, ethics, and governance standards.

UzOman remains dedicated to the overall development of Uzbekistan, ensuring that their investment practices align with the highest standards. The recent acquisition of HLC faced an unexpected challenge due to an unintentional breach of the local registration procedure, specifically the prior approval of the anti-monopoly body. The company has since rectified the situation, followed all legal procedures and reaffirmed their commitment to complying with local regulations.