Addressing a pressing challenge in Uzbekistan's industrial sector, the President has moved to rejuvenate the sector, as reported by the President's Press Secretary, marks a decisive shift in strategy. The Prime Minister has been directed to evaluate the performance of governors in seven cities — Nukus, Jizzakh, Bekobad, Sharof Rashidov, Dehganabad, Uchkurgan, and Urganch — due to stagnant industrial production in these regions.
To stimulate regional industry development, 24 special economic zones have been established. 800 hectares of land in special economic zones with infrastructure throughout the republic remain vacant, while governors are requesting for the expansion of their territory. This misuse of resources has led to a new directive.
New directive
Governors are now prohibited from initiating the expansion of the area of special economic zones without fully utilizing all the land. This measure is expected to promote the efficient use of resources and boost industrial production.
Earlier, Daryo reported that Alabuga, a Russian company, has announced plans to establish a special economic zone (SEZ) in the Bukhara region of Uzbekistan. This significant development took place during President Shavkat Mirziyoyev's official visit to Russia on October 5, 2023, in Kazan, where the project was presented to him. President Mirziyoyev showed keen interest in the initiative and granted full authorization to Alabuga to spearhead the management of the SEZ implementation.
The initial phase of this SEZ project aims to attract approximately 20 residents within the first two to three years. To kickstart this endeavour, the government of Uzbekistan has pledged an investment of $60mn towards the construction of this phase. This substantial investment is expected to create around 3,600 job opportunities, further contributing to the region's economic growth and development.
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