Messe Frankfurt is extending its footprint in the Central Asian market by establishing seven brand events in Tashkent, Uzbekistan. Representatives with the trade fair organizer said that the area’s strategic location — a crossroads of Europe and Asia — “positions it as a promising trade gateway and transportation hub, facilitating the economic development of neighboring countries and access to the wider region.”
“The company’s stronger presence in the market will promote business opportunities and foster the sustainable development of pillar industries, including cosmetics, textiles and clothing, automotive, logistics and transportation,” the company said in a release.
Wolfgang Marzin, CEO of Messe Frankfurt Group, expressed his confidence in the extension of the company’s Asia portfolio in the region: “As a global leader in the trade fair industry, our strategic maneuver in Central Asia should be a key indicator of the potential for greater economic globalization.”
“The region is a connecting point between Asia and Europe, and lies within China’s Belt and Road, an initiative geared towards enhancing the integration between economies,” he continued. “In this regard, countries like Uzbekistan play an important role in linking the east and west; its robust consumer market, opening political and business landscape, as well as geographical location, make it an attractive trading partner and investment destination.”
- Automechanika Tashkent; Futuroad Expo Tashkent; and Scalex Tashkent: Oct. 23-25, 2024
- Heimtextil Uzbekistan; Texworld Tashkent; and Apparel Sourcing Tashkent: Nov. 6-8, 2024
- Beautyworld Central Asia: Nov. 21-23, 2024
“Messe Frankfurt is an ideal partner for Uzbekistan to enhance its position in the global arena as our sales network in 180 countries and regions will attract the attention of companies across a number of industries,” said Stephan Buurma, member of the Board of Management of Messe Frankfurt Group. “For example, Uzbekistan is rising as a hotspot for textiles; while it is already one of the world’s largest exporters of cotton, there are also opportunities to import and invest in the modernization of the textiles and clothing industry. Our market analysis also reveals a gap in trade fair activity for the automotive aftermarket despite the industry being an important pillar in the country’s manufacturing sector.”
“Based on the business environment, Messe Frankfurt can lend its support with the introduction of seven brand events covering the Consumer Goods, Mobility & Logistics, and Textiles & Textile Technologies industry clusters,” he continued. “We will cooperate closely with our trusted partner Business Media Central Asia (BMCA) on this business expansion. The company is already an established organizer of Automechanika Astana and Futuroad Expo Astana. With their local resources and our international network, we are in a strong position to launch these events successfully into the market.”
Why Uzbekistan?
According to Messe Frankfurt representatives, Uzbekistan has a promising consumer market with significant potential. It is the largest in Central Asia and is expected to increase due to population growth, rising incomes and the modernization of economic and industry sectors.
The nation has actively sought to diversify its economy in recent years, undertaking reforms for greater entrepreneurial freedom and opening up to more international and regional cooperation. The country already heavily exports precious metals, textiles and agricultural produce. Notably, it imports machinery, equipment, means of transportation, and vehicle components from foreign trading partners. Attracting overseas investment is also apparent through incentives such as tax benefits, reduced import duties and simplified procedures for overseas investors.
In addition, shifting global supply chains and trading patterns could also drive opportunities in the region. The nation benefits from its geographical location owing to its position between Asia and Europe, to which the Uzbek Government recognizes the prospects of investing in infrastructure, such as transportation and logistics, to create an efficient transit hub. Against this backdrop, China acknowledges the importance of developing routes along the Belt and Road while Europe has expressed a readiness to support Uzbekistan’s efforts to diversify transport corridors.
Aritcle sourse: https://www.hometextilestoday.com/