2013-01-29 18:15:56 - The project is to be elaborated toward late first quarter 2013
A new free industrial zone is going to be launched in Uzbekistan soon.
Today, Uzbekistan is preparing to commence its third free economic zone, and one would say it's difficult to imagine that this process was kicked off as recently as 5 years ago, with the establishment of Navoi Free Industrial Economic Zone. To be sure, back then there were varying opinions on whether or not it is needed, especially amid the high turbulence in the global economy. Nonetheless, the skepticism from numerous experts notwithstanding, the free area evolved rather enthusiastically, and attracted investors from across the world. Back then, observers began referring to the creation of such a zone as an unprecedented step in the Central Asian region.
The next stride
in the development of the country’s investment map was the launching of the Angren Special Industrial Zone. Its principal objectives and activities are defined as those to generate an encouraging setting for investments, direct ones in particular, in order to set up efficient modern high-tech enterprises in the country to produce higher added value goods that can be competitive both on the domestic and global markets.
The new investment zone was opened in Tashkent region not by chance. There are many qualified cadres, good transport, engineering and communication infrastructure in the country’s region. Thus, in early 2010, logistics center Angren started to operate on the territory of Ablyk railway station. There is an ongoing modernization of the country's largest coal deposit – Angren. It will provide year-round supply of coal to New-Angren thermal power station.
It has been decided that the third investment zone of Uzbekistan will be opened in Jizzakh region. Uzbek President instructed corresponding ministries and departments to complete, till the first quarter of 2013, all legal preparations and coordination of constituent documents with the authorities of the PRC, regarding the establishment of the free industrial zone. This zone is created in order to attract investments and innovative technologies for efficient use of the existing resource base, and to develop industrial and export potential of Jizzakh region and its bordering regions.
Already now, many experts say that this new industrial zone will give a unique opportunity and experience for domestic business in establishing high-tech industries. It will also open new frontiers for the development of foreign markets.
Source: Uzbekistan Today