The Investment

Tashkent – Jeddah – Tashkent flights open new opportunities for Saudi Arabia investors and tourists

On September 16, 2018, the Consulate General of the Republic of Uzbekistan in Jeddah, Saudi Arabia, in cooperation with Jeddah Chamber of Commerce and Industry held a briefing on “Investment and tourism potential of Uzbekistan”.

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A total of 23 projects with attraction of foreign investments in the amount of $ 230 million is planned for implementation in the Syrdarya region in 2018-2019. That will ensure the creation of 2.8 thousand jobs

In accordance with the instructions voiced at the June 21 videoconference meeting under the chairmanship of the President of Uzbekistan, four other projects for $ 114.2 million are also planned to be completed, negotiations with foreign partners are under way to attract another $ 421 million.

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Enterprises of China, South Korea and Japan signed 10 memorandums on the implementation of various projects in the Tashkent region for $ 250 million

The documents were concluded within the framework of the international business forum “Doing Business in the Tashkent Region”.

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Companies Ukrainit (Ukraine), Montblanc Commodities AG (Switzerland) and Samarador (Uzbekistan) intend to launch a factory in Uzbekistan to produce chemical substances for the protection of plants

Foreign investors aim to invest at least $ 5 million in the project. It will be implemented on the basis of unused Ferghanaazot capacities with a total area of ​​6.5 hectares, including workshops, facilities and adjacent territories.

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The Uzbekipaksanoat Association and the Italian Silk Association have agreed on the establishment of an Italian industrial park in our country

The park will house companies specializing in the processing of cocoons, the manufacture of silk products, as well as equipment and necessary components. The parties have already agreed on the creation of the first joint venture to produce finished goods from silk. The emergence of the park, according to experts, will increase the export of silk products to the European Union, as well as enter new markets in European countries.

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The design capacity of a Hyundai factory projected to be built in the Namangan region is expected to be 3 thousand trucks and buses a year

The company will assemble trucks with a carrying capacity from 1 to 50 tons, intercity, international and tourist buses, as well as specialized vehicles.

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In the coming years, Uzbekistan intends to build a new gas chemical complex (GCC), which will form the basis of the region’s largest technological cluster

At present, Uzbekneftegaz jointly with foreign partners has started working out a project to create a technological cluster in the regions by building a modern gas chemical complex and developing on its basis related industries aimed at producing goods with higher added value.

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Bukhara region will be home to the country’s first agricultural free economic zone (FEZ) – Bukhoro Agro

The term of the new zone will be 30 years from the moment of its creation with the possibility of further extension of this period. Participants of the zone, depending on the volume of their investment, will be released for various periods from payment of land tax, profit tax, property tax of legal entities, tax on improvement and development of social infrastructure, a single tax payment for microfirms and small enterprises, as well as mandatory contributions to target state funds.

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