UOIC Expands Logistics Portfolio to Support Uzbekistan’s Economic Growth

Uzbek-Oman Investment Company LLC (UOIC), 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, UOIC 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.

UOIC 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. UOIC 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, UOIC, 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.

UOIC, 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.

UOIC 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.

About UOIC:

UOIC was established by the Decree of the President of the Republic of Uzbekistan in 2009 as a joint venture between Oman Investment Authority (OIA), which owns 75% of the company and Uzbekistan Fund for Reconstruction and Development (UFRD) with the remaining 25% of the company with a total committed capital of USD 500 million.

Over the years, UOIC has established a strong reputation in the market, demonstrating a proven track record of successful investments across various sectors. Currently, UOIC has a diversified portfolio consisting of companies operating in sectors that include financial services, industrials, logistics, real estate and retail, with a portfolio of 12 business entities and investments exceeding USD 200 million, UOIC plays a vital role in supporting Uzbekistan’s economic development.