Projects for US$163m implemented in SIZ Angren

Representatives of Oliy Majlis, Ministry of Foreign Economic Relations, Investment and Trade, directorate of SIZ Angren, Center for logistics “Angren”, ministries and departments participated in the roundtable.

It was underlined that SIZ Angren possesses large potential to develop new production capacities, processing local raw materials and production of high technologic products.

Based on the concept of the zone, it will accept enterprises on production of electrical engineering, mechanical engineering, chemicals and petrochemicals, pharmaceuticals, food processing and deep processing of fruits and vegetables, production of modern construction materials, and leather industry, etc.

During the past period, implementation of some 16 projects for US$224.8 million started in SIZ Angren, of which eight projects for US$163 million were completed. About 840 new jobs were created in the result.

In particular, Angren Shakar with 100% foreign capital has been commissioned, which produces 1,000 tonnes of sugar a day. Angren Quvur Zavodi was also launched and it produces copper pipes of various diameters. Another enterprise ELG-NUR produces energy saving lamps in the territory.

At the meeting, it was underlined that all necessary conditions were created for businesses in the SIZ Angren. The participants familiarized with international center for logistics “Angren”, activities of which is directed to help businesses in their foreign economic activities.

The participants also underlined that it is necessary to boost work on attracting investments into economy of Uzbekistan, in particular, foreign direct investments.

At the end of the roundtable, the participants developed recommendations directed at further improving system of protection of interests of foreign investors, development of national legislation in this area.

Angren special industrial zone was created on 13 April 2012 in line with the presidential decree in Tashkent region. The zone will function for 30 years.

During operation of the special industrial zone, special tax regime and customs preferences will be applied in its territory. Administrative council of SIZ Angren will provide status of participant of the special industrial zone.

The main activities of the enterprises operating in the territory of the SIZ “Angren” shall be production of a wide range of high-tech products with high added value that are competitive in both domestic and world markets. This is expected to be achieved through efficient use of production and resource potential of the region comprising the special industrial zone.

Establishment of the SIZ “Angren” is aimed at creating a favorable environment for setting up and developing enterprises in the field of advanced processing of raw mineral resources; production of high-tech products based on local raw materials by establishing strong cooperation ties and developing industrial cooperation between enterprises within the special industrial zone and the republic as a whole.

In accordance with the very concept of the SIZ “Angren” and the priorities chosen, the enterprises of the following industries shall be dislocated in the territory of the SIZ “Angren”:

• electrical engineering,
• mechanical engineering
• chemicals and petrochemicals,
• pharmaceuticals,
• food processing and deep processing of fruits and vegetables,
• production of modern construction materials,
• leatherindustry, etc.