Baku, Azerbaijan, Feb. 28
By Nigar Guliyeva - Trend:
Roughly 80 hectares of land were allocated to create a free economic zone "Namangan" on the northern outskirts of Namangan, Uzbek media reported.
It is planned to organize production of industrial and food and other goods, electrical products and building materials at the FEZ. An engineering and communication infrastructure, particularly, the system of energy and gas supply, water supply and sewerage, communication system, is being organized.
New opportunities are already attracting investors.
The FEZ Namangan is created under the presidential decree of Oct.26, 2016 "On additional measures to activate and expand the activities of free economic zones."
In Uzbekistan, there were only three free economic zones - Navoi in Navoi region, Angren in Tashkent region and Djizak in Djizak region with a branch in Syrdarya region.
In 2017, Uzbek President Shavkat Mirziyoyev signed decrees on the establishment of four more free economic zones in the Bukhara, Samarkand, Ferghana and Khorezm regions, as well as seven FEZs of pharmaceuticals - Nukus Pharm, Zomin Pharm, Kosonsoi-Pharm, Syrdaryo-pharm, Boysun-Pharm , Bustonlik-Pharm and Parkent- Pharm.
By 2017, 62 projects with a total value of about $500 million have been implemented in the free economic zones created in the country. About 90 projects worth $750 million are at the development stage. Investors are also working on 135 prospective projects worth over $1 billion.