Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan has adopted measures to move the electrical engineering industry to a new stage of development and support the production of competitive products. The relevant presidential resolution was adopted on 12 September 2026.
Starting from 1 October, electrical engineering enterprises will be able to obtain working capital loans through commercial banks for up to two years with a three-month grace period.
The loans will be financed by the Trade Development Company JSC at an annual interest rate of 6%, including a 2% bank margin, with financing of up to US$5 million per entrepreneur.
The National Business Guarantee Company JSC will provide a guarantee covering 50% of the loan, but not more than the equivalent of 20 billion soums. For the remaining amount, enterprises must provide liquid assets, an insurance policy, an export contract based on the right to claim future cash receipts and/or other forms of collateral.
The resolution also introduces a new settlement procedure for the purchase of copper raw materials through exchange trading.
Using unutilized funds allocated under paragraph 6 of Presidential Resolution No. PP-304 dated 15 October 2025, the Trade Development Company JSC will directly allocate US$40 million to Uzsanoatexport JSC.
When purchasing copper raw materials, an enterprise will pay 25% of their value on the exchange, while Uzsanoatexport JSC will pay the remaining 75% within three days. At the same time, the debt of one business entity to the company must not exceed US$3 million.
To secure their obligations to Uzsanoatexport JSC, enterprises must provide an insurance policy. The 75% of the cost paid by the company must be repaid within 90 days. Interest will accrue for each day of deferral at an annual rate of 6%.
In 2026–2028, investment projects in the electrical engineering industry will be eligible for compensation covering part of the interest expenses on commercial bank loans.
The Entrepreneurship Development Company JSC will provide the compensation from the Interest Expense Compensation Fund for the portion of a loan equivalent to up to 20 billion soums, regardless of the total loan amount.
The compensation will be available for up to three years to all categories of business entities, regardless of their sustainability rating and regional category.
For loans in national currency, compensation will cover the portion of the interest rate exceeding the Central Bank’s policy rate by 4 percentage points, but no more than 10 percentage points. The total loan rate must not exceed twice the policy rate.
For foreign-currency loans, compensation will cover the portion of the interest rate exceeding 6%, but no more than 5 percentage points.
The compensation mechanism follows the “2+1” principle: payments will be made during the first two years. In the third year, compensation will continue if annual revenue from the sale of products or services increases by at least 15% compared with the corresponding period of the previous year.
A separate set of measures is envisaged to attract anchor investors to the electrical engineering, electronics and robotics industries. These include companies listed in the Forbes Global 2000 and those that have been part of international supply chains over the past three years or plan to join them, with investments of at least US$50 million.
Investment agreements will include an obligation to increase added value by more than 40% within three years and allocate at least 3% of annual profits to research and development.
In special economic zones, investors are planned to be provided with buildings under a “ready-to-use facility” model, with connections to electricity, gas and water supply networks, wastewater treatment facilities and railway infrastructure.
In addition, such investors will be exempt from land, property and profit taxes for a period of 10 years.
