NEWS AND EVENTS
July 26, 2013
Ten projects implemented in SIZ Angren
Ten investment projects worth over US$200 million are implemented at the special industrial zone Angren, the publication of the Ministry of Economy and the State Statistics Committee of Uzbekistan said.
In particular, the projects on organization of production of basic oils from used oil products, production of silicon, copper pipes, sanitary ceramics, briquette coal, sugar plant and leather complex are implemented at the zone.
Currently, works on development and preparation of documents on implementation of 21 projects are underway, the publication said.
In the second quarter of 2013, Uzbekistan started to develop transport, production and engineering-communication infrastructures at newly created special industrial zone Jizzakh.
Administrative council of the special industrial zone Jizzakh approved 93 perspective projects, which will be created in the territory of the zone.
Angren special industrial zone was created on 13 April 2012 in line with the presidential decree in Tashkent region. The zone will function for 30 years.
During operation of the special industrial zone, special tax regime and customs preferences will be applied in its territory. Administrative council of SIZ Angren will provide status of participant of the special industrial zone. President of Uzbekistan Islam Karimov signed a decree for creation of new special industrial zone Jizzakh on 18 March 2013.
The zone was created in line with a memorandum of understanding on implementation of project on creation of Uzbek-Chinese industrial park in Uzbekistan. It was created to form favourable conditions for attracting foreign and local investments to creation of high technologic industrial capacities, production of competitive products with high added price, complex and effective use production and resource potential of Jizzakh and Syrdarya regions.
The special zone was created for 30 years with possibility of extension. The decree set tax and customs preferences for enterprises, operating in the zone. The enterprises, located in the zone, will be exempted from payment of income tax, property tax, tax for accomplishment and social infrastructure, single tax, and mandatory payments to Road Fund.
They will be also exempted from payment of customs duties for imported materials, equipment and spare parts, which are not produced in Uzbekistan.
The preferences will be provided from three to seven years based on the volume of investments. The investors will be get these preferences for three years, if they invest US$300,000, five years – for investments from US$3 to US$10 million and seven years – for investments for above US$10