NEWS AND EVENTS
September 29, 2015
JIZZAKH SPECIAL INDUSTRIAL ZONE... Six new projects
The Jizzakh Special Industrial Zone is expecting new ‘settlers’ by the end of the year. It is planned to complete the implementation of six new investment projects, which will provide hundreds of new jobs, and the markets of Uzbekistan and neighboring countries will be replenished with high-quality products.
The Jizzakh Special Industrial Zone (SIZ) appeared on the industrial map of Uzbekistan as a new place of concentration of cutting edge technologies and investments some two years ago. Over the passed years it has turned into a technological beacon for foreign investors, offering all the transport, industrial and engineering infrastructure they need.
The total cost of the SIZ projects exceeds $39 million. New enterprises have provided more than 300 jobs. By the end of the year it is planned to commission six more facilities. Meanwhile, the long-term plan appears much bigger: jointly with foreign investors, Uzbek businessmen are planning to carry out more than 20 projects, including the manufacture of electronics, computer components, solar and other kinds of batteries, household appliances, spare parts for mechanical and automotive engineering, pharmaceuticals, medical and cosmetic goods.
Completed projects are best to demonstrate the comfortable conditions for investors.
Alternative energy has long grown into a global trend, which is the reason of establishment of enterprises specializing in the production of related equipment in Uzbekistan. One of them has been launched in Jizzakh SIZ in cooperation with Chinese partners: Quyosh Issiqlik Energiyasi is capable of producing up to 50,000 solar water heating collectors per year.
Another successful manufacture will contribute to the dynamic development of the light industry. A joint venture Juita Gulshana Invest of O\'zbekyengilsanoat and Chinese partners specializes in the production of industrial machinery.
“We have equipped our manufacture with the sewing machines’ assembly hardware by the world renowned Japanese company of JUITA, as well as the manufacture of spare parts for them. The company’s production capacity makes up about 15,000 industrial sewing machines labeled ‘Made in Uzbekistan’. Today, the company produces several types of sewing machines, one third of which is exported. Initially we created 50 new jobs, but work on the expansion of production continues. We are planning to launch additional lines for the production of components, which implies new jobs for young people,” said the Joint Venture Head Ravshan Babayev.
In 2017, the company will produce 50% of spare parts for sewing machines. It is planned to establish the production of winding machines, semi-synthetic threads used in sewing knitwear, clothing accessories and other materials. The implementation of the projects will provide over 50 additional jobs.
A joint venture of Avto Pad Systems is another example of effective cooperation with Chinese businessmen. It manufactures brake pads for passenger cars and trucks. In the future, it will provide all domestically produced brands of cars and trucks with spare parts.
The company’s founders have been strengthening cooperation in other fields as well. The commissioning of the joint venture of Master Screw Systems for the production of 250 tons of screws, 140 tons of metal profiles per month has allowed them diversifying their investments.
On the threshold of the 24th anniversary of the country\'s independence the Jizzakh territorial power network enterprise has commissioned a joint venture of Yorqin Chiroqlar in partnership with the South Korean Owell Corporation. It’s annual production capacity is more than 2.5 million energy-saving LED lamps.
All of these projects exemplify unique conditions for foreign investors willing to establish technological production facilities in Uzbekistan. Experts expect that in the near future the Jizzakh SIZ will significantly replenish its investment portfolio through South East Asian companies that are interested in Central Asian and CIS markets.
(Source: «Uzbekistan Today» newspaper)