June 4, 2021
New special industrial zone on the territory of Andijan region
For the development of mechanical engineering and electrical industry and for the creation of a favorable investment climate, the Decree of the President of the Republic of Uzbekistan “On measures for the organization of a special industrial zone” Special Industrial Hub of Mechanical Engineering and Electrical Engineering” dated 27.05. 2021 No. DP-5128 was adopted. The occupied land area of the industrial hub will be 105 hectares, and will be located on the territory of the Andijan region in the form of a special industrial zone with a period of 30 years with a possible subsequent extension. The Decree specifies that during this period, the territory will have special tax, customs and currency regimes determined for special economic zones.
On the territory of the industrial hub, projects will take a place exceptionally in the field of mechanical engineering and the electrical industry. In respect of the buildings and structures built on this territory, they will be leased to the initiators of these buildings, and the land areas will be permanently used on their initiative.
It must be highlighted that the main object and purpose of creation of particular zone of mechanical engineering and electrical industry is:
- Attracting foreign and domestic direct investment
- Securing the integrated and efficient use of production and resource potential
- Deepening the processes of localization of production of high-tech products, using local raw materials and materials
- Expansion of production and increase in the volume of exports of products effectively using the production and resource potential of the region.