In 2023, the global copper wire market reached 20.5 million tons and is projected to grow at a compound annual growth rate (CAGR) of 5.26%, reaching 33.0 million tons by 2032. In 2024, Uzbekistan's copper wire market increased by 9.8% to $822 million, ending a two-year declining trend. Under the "Uzbekistan 2030" strategy, the country aims to triple domestic copper production and increase copper processing in the electrical engineering industry to 300,000 tons per year.

Uzbekistan offers competitive infrastructure costs, making it an attractive location for manufacturing investments. Key costs include:

- Gas: 12 cents per m³

- Electricity: 7 cents per kWh

- Water: 20 cents per m³

Uzbekistan offers a skilled and cost-effective labor force, ideal for the manufacturing sector. In this field the country has:

- 4 higher education institutions

- 8 faculties

- 1,300 graduates annually

GSP+ agreement allows to export to EU at reduced or zero tariff for 6 200 products. CIS Free Trade Agreement creates more integrated and open market with CIS countries.

Investors in Free Economic Zones (FEZs) can benefit from tax exemptions on land, property, water, and corporate income tax (CIT).

3 years: for investments between 0.3 - 3 million USD

5 years: for investments between 3 - 5 million USD

7 years: for investments between 5 - 10 million USD

10 years: for investments over 10 million USD