Friday, August 2, 2019

Silk Road Attracts Investment as Logistics Group Expands its Interest

Growth in Trade Prompts New Office Opening
Shipping News Feature
UZBEKISTAN – Tashkent has assumed a greater significance with the expansion of trade along the Silk Road and now Austrian headquartered transport and logistics company Gebrüder Weiss has reinforced its dedication to becoming a specialist on the route by opening a representative office in the Uzbek capital.

The logistics company sees itself as a pioneer along the legendary trade route, and already has several of its own locations along the Silk Road; Turkey, Georgia, Armenia, Kazakhstan, Russia, and China. It says the opening of the new office in Tashkent is another piece in the puzzle of the company’s business strategy to expand the land route between Europe and China, with customers in the region now being serviced by local staff.

From an organisational perspective the Uzbek representative office is assigned to the Gebrüder Weiss branch in Almaty, Kazakhstan, and Thomas Moser, Director and Regional Manager Black Sea/CIS at Gebrüder Weiss, observes:

“In addition to land transport, air and sea freight also make up part of our service portfolio. This adds to our local presence in Central Asia, enabling us to pave the way for our customers to a promising market, as the links between Europe and Asia are becoming increasingly important.”

With a population of 30 million, Uzbekistan is one of the largest marketplaces in Central Asia and Tashkent, itself home to two million people, is primarily known as an industrial city and transport hub on the Silk Road. Over 50% of the country's gross domestic product is generated by industrial companies in various sectors.

Agriculture, construction, freight and passenger transport are some of the cornerstones of the economy, along with gas, oil, gold, and uranium. These mineral resources, textile and food products, and automobiles are some of the country’s most important export goods, whilst its largest foreign trade partners are Russia, China, and Kazakhstan.