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Small firms take over 40% of Uzbekistan's construction sector

Business Materials 13 December 2018 16:30 (UTC +04:00)

Baku, Azerbaijan, Nov. 13

By Fikret Dolukhanov – Trend:

In January-November 2018, the volume of construction work in Uzbekistan increased by 6.6 percent and amounted to 39,315.8 billion soums, Trend reports on Dec. 13 referring to the State Statistics Committee of Uzbekistan.

The volume of construction work performed by large contractors amounted to 11,548.8 billion soums, which is 3.3 percent more than the corresponding period last year. The share in the total volume of construction work reached 29.4 percent.

The volume of construction work performed by small enterprises and micro-firms amounted to 16,315.5 billion soums, which is 15.6 percent more than the corresponding period last year. The share in the total volume of construction work reached 41.5 percent.

The share of the informal sector was 29.1 percent, or 11,451.5 billion soums. The growth rate was negative 1.6 percent.

(8312.64 UZS = 1 USD on Dec. 13)

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