UzA English

27.03.2020

Successful business – the result of innovation

Successful business – the result of innovation
Creation of Khazorasp free economic zone helps to attract direct investment.

A free area of 325 hectares of two territories in Khazorasp district was allocated for Khazorasp FEZ. Proposals for placement of enterprises of FEZ on the basis of free buildings and structures were studied in order to reduce construction costs and create infrastructure. 89 hectares of seven territories were added to the area, including Bogot, Khiva and Urgench.

More than 10 projects have already been implemented and production of sandwich panels, detergents, automobile radiators, building materials, knitted goods, solar panels, sterile disposable medical gloves and shoes has been launched.

Khazorasp FEZ is working on the implementation of 19 projects worth 306.3 million USD. In the first half of this year, 5 projects worth 19.5 million USD will be implemented. Production of medical tests, electric motors for household appliances, suitcases and other products will be mastered. More than 500 people will be employed.

Activity is carried out to implement nine more promising projects, after the launch of which another 1,500 new jobs will be created. The use of a special customs regime and tax incentives in the territory of the free economic zone increases the investment attractiveness of the zone and serves as an important factor for attracting direct investment.

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Ahmadjon Shokirov, UzA