Uzbekistan’s Warehouse Demand Set to Double by 2040

Uzbekistan is rapidly developing its logistics and warehouse infrastructure, emerging as a key player in the Eurasian market. According to the Eurasian Development Bank, the country’s total warehouse space will reach 600,000 sq m by 2025, driven by a construction boom that began in 2021.

Together with Russia, Belarus and Kazakhstan, Uzbekistan is helping shape a new regional logistics system. Experts predict that by 2040, demand for warehouse space could more than double to over 120 mln sq m.

Foreign trade volumes are expected to grow from 1,278 mln tonnes in 2023 to between 1,420 and 1,809 mln tonnes by 2040. This surge will require new logistics hubs and storage facilities, especially in Central Asia, the South Caucasus and eastern Russia.

The rapid rise of e-commerce is another major factor. By 2040, online sales could account for 20–25% of retail, prompting the development of fulfilment centres, urban warehouses for fast delivery and greater automation.

The EDB forecasts that warehouse demand will reach between 101 and 123 mln sq m by 2040, up from 58 mln sq m in early 2025. Growth will be driven by e-commerce, retail, agriculture, pharmaceuticals, transit freight and outsourced logistics.

Kursiv also reports that a global logistics giant DP World has announced a $288 mln investment to develop a multimodal logistics terminal near Tashkent, Uzbekistan.