Education Market Intelligence Report Uzbekistan

Finspect Advisory Uzbekistan’s Education Sector Market entry analysis (intelligence report) – July 2019 Strictly private and confidential Uzbekistan’s Education Sector: Market entry analysis report – July 2019 – (Draft) 1. Background information on Uzbekistan Contents • Geographical profile • Demographics • Language • General socio-economic background • Doing business in Uzbekistan • Income levels 2. Education market outlook • Education landscape in Uzbekistan • Market summary – kindergartens • Market summary – schools • Key developments • Market outlook/trends • Gaps in the market 3. Uzbekistan’s schools and kindergartens • Intro to Uzbekistan's private school/kindergarten market • Private schools and private kindergartens association • Salaries and benefits • School locations • Kindergarten locations • Market growth • Problems in the market • Tuition fees and other school charges • School and kindergartens size • Age range Finspect Advisory 2 Infinity Group Uzbekistan’s Education Sector: Market entry analysis report – July 2019 – (Draft) Contents • Curricula and examinations • School facilities • Capacity utilization 4. Review of top private schools 5. Review of top private kindergartens 6. New upcoming high-end international schools and kindergartens • Westminster International School in Tashkent • Cambridge International School in Tashkent 7. Education policy and legislation • Licensing and other regulatory requirements • Immigration requirements • Corporate aspects • Language and curriculum requirements 8. Taxation in Uzbekistan • General information • Fiscal incentives for non-public schools and kindergartens • Key taxes 9. Public-private-partnership framework 10. Feasibility study for kindergartens 11. Appendices • Projections of kindergarten coverage in Tashkent • Number of students studying in each class/grade by districts of Tashkent (academic year 2018-2019) • Number of students and teachers in each state school of Tashkent (academic year 2018-2019) Finspect Advisory 3 Infinity Group Uzbekistan’s Education Sector: Market entry analysis report – July 2019 – (Draft) Background information on Uzbekistan Finspect Advisory 4 Infinity Group Uzbekistan’s Education Sector: Market entry analysis report – July 2019 – (Draft) Background information on Uzbekistan Geographical profile Title Capital city Officially Republic of Uzbekistan with 12 Tashkent. The city is home provinces and one autonomous republic to over 3 million people. Location Located in Central Asia and Land area is one of the world’s only two double landlocked countries. 447,400 square kilometers (172,700 square miles). It is the 4th largest by area among the CIS countries. Threats Since the 1960s, the decade Borders Natural resources when the overuse of the Aral Kazakhstan to the north and Includes gas, gold, uranium Sea began, it has shrunk to west, Turkmenistan and and copper. about 10% of its former area. Afghanistan to the south, Due to this problem, high Tajikistan and Kyrgyzstan to salinity and contamination of the east. the soil with heavy elements are especially widespread in the regions adjacent to the Aral Sea. Finspect Advisory 5 Infinity Group Uzbekistan’s Education Sector: Market entry analysis report – July 2019 – (Draft) Background information on Uzbekistan Geographical profile (cont.) Uzbekistan Total population Uzbekistan is one of only two double landlocked countries in the 2000 24,356,383 world, the other one being Liechtenstein. 2005 25,774,623 It is located in Central Asia between the Amu Darya and Syr Darya 2010 27,538,937 rivers, the Aral Sea, and the slopes of the Tien Shan mountains. 2015 29,681,701 Uzbekistan neighbors with Kazakhstan in the north and northwest, Kyrgyzstan and Tajikistan in the east and southeast, Turkmenistan 2019 33,375,800 in the southwest, and Afghanistan in the south. The country also includes Karakalpakstan autonomous republic, with its capital city, 2025 35,146,618 Nukus. 2030 36,712,272 2035 38,059,266 Demographics Population of Uzbekistan is 33 million people. Uzbekistan is the POPULATION FORECAST second largest country by population in the Commonwealth of 45 Independent States (CIS) region and the largest in the Central Asia, followed by Kazakhstan with 18 million population. 40 Millions Tashkent, the capital city boasts a population of 2.5 million people. Tashkent is the largest city in the Central Asia, followed by Almaty 35 in Kazakhstan with the population of 1.8 million. 30 According to UN forecasts, between 2019 and 2060, population of Uzbekistan will increase, reaching its peak at 41.5 million. It is 25 predicted to fall after to just over 38 million by 2100. 20 Finspect Advisory 6 Infinity Group Uzbekistan’s Education Sector: Market entry analysis report – July 2019 – (Draft) Background information on Uzbekistan Demographics (cont.) Language The Uzbek language is the official state language of Uzbekistan spoken by 88 per cent of the population. Russian is the second most spoken language in the country. Over 9 per cent of Uzbekistan population use Russian as their Uzbekistan 26.5 68.8 4.7 primary language while many other people use it as a second language. However, the use of the Russian language is limited in the remote rural areas of the country. The other languages spoken in Uzbekistan account for about 4 per cent of 0-14 15-64 over 65 the total population and include Karakalpak, Kazakh, Kirgiz and Tajik among other languages. The minority languages are spoken mainly as a second language while the native speakers have made an effort of learning 8,345,410: Child population the Uzbek language which is the country’s official language. (0-14 years old) 26.5% Boys Girls Languages 51.2% 48.8% Uzbekistan is a fairly young country with the median age of 27. 26.5% of population is represented by children. Life expectancy is improving, at an average of 68 for men and 74 for women. 2018 was the year with largest child birth (768.3 thousand) in history of country. The most prevalent ethnicity is Uzbek and the predominant religion Uzbek Russian Karakalpak Kazakh Kirgiz Tajik is Islam. Finspect Advisory 7 Infinity Group Uzbekistan’s Education Sector: Market entry analysis report – July 2019 – (Draft) Background information on Uzbekistan General socio-economic background Country GDP GDP (PPP) GDP GDP Since its independence in 1991, Uzbekistan continued with the soviet-style command (billion $) (billion $) (PPP) (PPP) per economy with subsidies and tight controls on production and prices. Despite ongoing rank capita ($) efforts to diversify crops, the county’s agriculture has been largely focused on cotton. The country has been the world's fifth largest cotton exporter and sixth largest Russia 1,610 4,213.4 6 29,267 producer. The economy’s growth has been driven mainly by the state-led investments, Kazakhstan 164.2 508.6 41 27,550 and export of natural gas, gold, and cotton. Table represent gross domestic product (GDP) both at current prices and based on Ukraine 134.9 390.3 47 9,283 purchasing power parity (PPP) as reported by International Monetary Fund (IMF) for 2018. Unlike, nominal GDP, GDP (PPP) is an exchange rate at which the currency of Uzbekistan 49.2 250.3 61 7,665 one country is converted into that of another country in order to purchase the same Belarus 60.9 189.2 70 20,003 volume of goods and services in both countries. GDP (PPP) is the more usual of the two methods when comparing differences in living standards in different countries. Afghanistan 20 72.6 99 2,017 Countries included in ranking are all Central Asian countries and higher ranked CIS countries. Tajikistan 7.7 31.1 124 3,416 Based on Government predictions, GDP grew at a rate of 5.2% in 2018 and will grow at 5.4% (2019), 6.0% (2020) and 7.0% (2021). Kyrgyzstan 8.3 24.5 147 3,844 Uzbekistan is a high-inflation country. Inflation in 2018 hit 16.8% and is predicted to be at 15.5% (2019), 12.6% (2020) and 9.9% (2021). In 2004–2016, the economic growth was rapid and lifted significant parts of the population out of poverty. The increase in number of small-sized private businesses in all industries of the economy created most of the jobs. This has contributed to income Literacy rate growth and poverty reduction. Increased exports of gas, gold, and copper, aided by high commodity prices, generated state budget revenues that financed large increases 100% in Uzbekistan in investment and salaries to bolster consumption. Finspect Advisory 8 Infinity Group Uzbekistan’s Education Sector: Market entry analysis report – July 2019 – (Draft) Background information on Uzbekistan General socio-economic background (cont.) Uzbekistan has successfully implemented a first wave of significant Since the change of government in 2016, rhetorical emphasis on economic reforms, initiated by President Mirziyoyev in 2016. Flagship such initiatives and ostensible government efforts to seek input reforms implemented so far include foreign exchange liberalization, tax from the private sector have increased. reform, and a major upgrade in the quality and availability of economic statistics. Being aware of the need to improve the investment climate, the new president Shavkat Mirziyoyev has been taking incremental The most important economic reform was devaluation the official currency steps to reform the business sector and address impediments to rate by almost 50% and the loosening of currency exchange restrictions to foreign investments in the country. eliminate the currency black market, increase access to hard currency, and boost investment. The tax reform focused

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