Uzbekistan will not impose customs duties on imports of wood, plywood, wooden formwork and glass until 2025.
The initiative was announced at a meeting chaired by Shavkat Mirziyoyev on the construction of housing in the ‘Yangi O’zbekiston’ residential area and the implementation of mortgages.
Furthermore, the exemption for paying customs duties on cement has been also prolonged for a year. This will reduce the cost of housing construction by 5%.
The state will also continue the practice of refinancing loans issued by banks.
The mortgage borrowers will be provided with a loan of up to 80 million soums for a period of 10 years to repair houses using energy-saving materials.
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