- Uzbekistan will establish its first export-focused Special Economic Zone (SEZ) in the Namangan region.
- The SEZ aims to boost production and attract foreign investment.
- Uzbekistan aims to boost SEZ production output to 4.3 billion dollars by 2025.
- Export targets for SEZs are set at 1 billion dollars.
- The government plans to attract 3.1 billion dollars in investments, including 2.3 billion dollars for SEZs.
- The initiative is expected to create 29,000 new jobs.
- All time limits on SEZ operations have been removed.
- The Ministry of Investments, Industry, and Trade will oversee SEZ management.
- From June 1, SEZ participants will benefit from streamlined customs procedures.
- Until January 1, 2028, SEZ directorates will receive a land tax benefit.
Source: daryo.uz
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
