China’s CAMC Engineering is responsible for managing the Yangi Avlod Special Industrial Zone (SIZ), bringing in investors, and supervising infrastructure development.
Uzbekistan's President Shavkat Mirziyoyev visited the Yangi Avlod, currently under construction in the Yangihayot district of Tashkent, on November 23.
Spanning an area of 764 hectares, the Yangi Avlod is set to become a hub for innovation and manufacturing. Infrastructure development is actively underway, with plans to implement 47 projects worth a total of $1.37 bn. These projects encompass diverse sectors, including:
- Food processing
- Construction materials
- Electrical engineering
- Mechanical engineering
- Chemical products
The zone is expected to create approximately 12,000 new jobs, contributing significantly to the local economy.
Key Investment Projects
Several international companies have committed to projects within the Yangi Avlod, promising advanced technology and high-value exports:
- JAC Motors (China): A $135mn initiative to produce commercial vehicles, creating 2,000 jobs.
- Acec Japan: A $9mn project for manufacturing office furniture and chairs, providing 100 jobs.
- DP World (UAE): Plans to establish a state-of-the-art transport and logistics center, complemented by laboratories, research facilities, conference halls, and retail spaces.
China’s CAMC Engineering has been tasked with managing the industrial zone, attracting investors, and overseeing infrastructure development. The Yangi Avlod will be administered by a company of the same name in the form of an LLC, which will lease land to investors via the E-auksion platform.
Special Regime and Incentives
Created by presidential decree on March 20, 2024, the Yangi Avlod will operate under a special regime valid for 30 years, with potential extensions. Enterprises operating within the zone will benefit from customs preferences and exemptions from various taxes.
Future Development Goals
The government plans to launch investment projects worth a total of $1.5 bn by the end of 2025. In addition to manufacturing facilities, the zone will feature dual training programs to equip specialists with the necessary skills for industrial enterprises.
President Mirziyoyev emphasized the strategic importance of the zone for Uzbekistan’s economic growth:
“In recent years, our GDP has doubled to $110bn. Now we aim to increase this figure to $200bn. This goal requires creating favorable conditions for investors and fully supporting projects. Tashkent should set an example in this regard.”
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