DOING SUCCESSFUL BUSINESS IN FREE ECONOMIC ZONES OF UZBEKISTAN DOING SUCCESSFUL BUSINESS IN FREE ECONOMIC ZONES | Page 14

Joint venture “ QuyoshIssiqlikEnergiyasi ” established in 2014 with the participation of “ Uzbekenergo ” SJSC and Chinese company “ Hangzhou Zhongwu Electronic Meters Co . Ltd ” carries out the production of solar water heating systems ( collectors ). The total cost of the project made up 2.5 million USD with the annual production capacity of 50 thousand pieces . Currently 60 workers work at the enterprise . Joint venture “ AWP ” established in 2014 with the participation of JSC “ AGMK ” and Chinese company “ W enzhou Jinsheng Trade ” carries out the production of sanitary ware items . The total cost of the project made up 7.5 million USD with the annual production capacity of 1.2 million pieces . Currently 100 workers work at the enterprise .
IV . Free econom ic zones “ Urgut ”, “ Gijduvan ”, “ Qoqand ” and “ Hazarasp ” Free economic zones “ Urgut ”, “ Gijduvan ”, “ Qoqand ” and “ Hazarasp ” have been established by President Decree dated 12 January 2017 .
According to the decree , Uzbekistan plans to create free economic zone “ Urgut ” ( Samarkand region ), free economic zone
“ Gijduvan ” ( Bukhara region ), free economic zone “ Qoqand ” ( Ferghana region ) and free economic zone “ Hazarasp ” ( Khorezm region ).
The main tasks and directions of the activities of the new zones will be attraction of foreign direct investments of foreign and local investors to create modern capacities on production of demanded goods in foreign markets and import-replacing products with high added value . New zones also ensure complex and efficient use of production and resource potentials of Samarkand , Bukhara , Ferghana and Khorezm regions . The zones will also create modern production capacities in the sphere of deep processing , storage and packaging of fruits ,
vegetables and agriculture goods , textile , carpet , footwear and leather products , ecologic secure chemical , pharmaceutical , foods , electrotechnical industry , machinery and automobile , construction materials , and other directions .
Among the tasks of the zone is also deepening processing of localized production of high technological goods on the base of local raw materials and products via establishing close cooperation relations and development of industrial cooperation . The document said that new SEZs will function during 30 years with opportunity to prolong . The special tax and custom preferences will be in force during this time . State Committee of Uzbekistan on land resources , geodesy , cartography and state cadastre in cooperation with the Ministry of Economy and regional administrations will determine concrete borders of the new zones .
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Uzbekistan profile | January - 2017