Why is this important
Construction remains one of the key drivers of the economy, forming domestic demand, creating jobs, and improving infrastructure. Sustainable growth in the sector indicates the strengthening of the investment climate and the growing need for housing and social facilities.
What happened
- The volume of construction work since the beginning of the year amounted to 188.5 trillion soums (+11.5% year-on-year);
- Over 5 years, the indicator has grown almost threefold (from 66.9 trillion in 2021).
Growth is ensured through:
- active housing construction;
- projects for the reconstruction of roads and engineering infrastructure;
- modernization of schools, kindergartens and hospitals;
- The industry is actively implementing energy-efficient and earthquake-resistant technologies within the framework of new standards;
- Demand is stimulated by the expansion of mortgage lending and the participation of private investors.
What they say
Experts note that the positive dynamics of the construction sector are directly related to government support, investment growth, and the revitalization of the housing market.
Context
Infrastructure national projects and reforms in the permit system contribute to the development of the sector. According to the State Statistics Committee, construction is consistently ranked among the TOP-3 sectors in terms of GDP.
