President Shavkat Mirziyoyev has visited Kokand Free Economic Zone.

President Shavkat Mirziyoyev has visited Kokand Free Economic Zone.

Here, the Head of the state was briefed on projects for attraction of foreign investments into the integrated development of Kokand and Margilan. Thus, over the next three years, it is planned to attract soft loans of international financial institutions in the amount of 1 billion 354 million dollars. These funds are to be mastered in three directions – development of industry and entrepreneurship, modernization of infrastructure and construction of multi-story housing.

Shavkat Mirziyoyev noted the need for devising a five-year development plan for these two cities and to revise housing projects.

“The first you need to do is study where there are problems, what people think”, the President noted. “Residents should know when and where the construction will take place. Housing and jobs must be balanced in calculations. It is feasible, taking into account the traditions of Fergana handicrafts and the possibilities of the region, to organize enterprises of leather products and shoes, porcelain, jewelry and other types of manufacturing outlets”.

The Head of the state got acquainted with conditions created in the economic zone and activities of enterprises.