PRESS OF UZBEKISTAN
January 31, 2017
INVESTORS GET SETTLED IN JIZZAKH
Jizzakh Free Economic Zone (SIZ) produced goods to 255.2 billion soums (currency rates of CB RU from 31.01.2017, 1$= 3280.25 soums) and exported to $11.9 million last year.
Today, FIZ companies manufacture brake pads for passenger and freight vehicles, television sets, air conditioners, refrigerators, washing machines, microwave ovens, LED lamps, polypropylene thread, video and IP-phones, telecommunication equipment, Internet modems.
Chinese investors show particular interest to the FEZ. Within the business forum in December 2016, the Chinese and Jizzakh businessmen reached agreements and signed memorandums on 10 projects.
FEZ administrative board together with foreign and local investors is currently working on the implementation of 25 projects of the initial cost of $213.3 million. There are plans to commission the first stage of a foreign enterprise Mingyuan Si Lu Industry in the second quarter of the current year, which is capable of annual production of 24 million square meters of glass.
Established through $109.7 million of Chinese entrepreneurs, the new company will offer 391 new jobs after reaching full capacity.
(Source: «Uzbekistan Today» newspaper)