Russian companies to implement two projects in Jizzakh SIZ

Both projects will be implemented in the territory of the special industrial zone Jizzakh. The Russian company will direct US$9.2 million to these projects.

In particular, Azimut Process will participate in organization of production of fast preparation products with total cost of US$5.7 million.

The Russian company will invest US$5.7 million to the project. The capacity of the enterprise makes up 700 tonnes of goods a year.

Azimut Process will also implement in implementation of the project on processing of agriculture products (dry fruits) with the cost of US$6.1 million. The Russian firm will contribute US$3.5 million to the project. The designed capacity of the plant is 700 tonnes a year.

President of Uzbekistan Islam Karimov signed a decree for creation of new special industrial zone Jizzakh on 18 March 2013. The branch of the zone will be in Syrdarya region.

The zone was created in line with a memorandum of understanding on implementation of project on creation of Uzbek-Chinese industrial park in Uzbekistan. It was created to form favourable conditions for attracting foreign and local investments to creation of high technologic industrial capacities, production of competitive products with high added price, complex and effective use production and resource potential of Jizzakh and Syrdarya regions.

The special zone was created for 30 years with possibility of extension. The decree set tax and customs preferences for enterprises, operating in the zone. The enterprises, located in the zone, will be exempted from payment of income tax, property tax, tax for accomplishment and social infrastructure, single tax, and mandatory payments to Road Fund.

They will be also exempted from payment of customs duties for imported materials, equipment and spare parts, which are not produced in Uzbekistan.