Free economic zone “Bukhoro-Agro” to be created in Uzbekistan
Tashkent, Uzbekistan (UzDaily.com) --
The free economic zone Bukhoro-Agro is created in Uzbekistan. The free economic zone is being created in Bukhara region.
President of Uzbekistan Shavkat Mirziyoyev signed a resolution “On measures to create a free economic zone “Bukhoro-Agro” on 10 July 2018.
Modern greenhouse farms will be constructed in the FEZ, including with use of hydroponics technology based on cluster form. To create greenhouses, foreign and local investments will be attracted.
Within the framework of the project, production of structures, equipment and other components for the construction of energy-saving greenhouses will be established.
The FEZ will also create capacities for production, processing and export of agricultural products. The FEZ will also create a modern logistics infrastructure and nurseries for seedlings.
According to the resolution, the FEZ "Bukhoro-agro" will operate for 30 years with the possibility of extension. The FEZ participants will receive tax and customs privileges.
The projects on the territory of Bukhoro-agro will be financed from the funds of international financial institutions, initiators of projects, including direct investments, as well as loans from commercial banks and other sources.
At the same time, the size of the project initiator’s own funds cannot be less than 25%.