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Uzbekistan may build motorcycle plant

Uzbekistan Materials 14 September 2018 15:38 (UTC +04:00)

Baku, Azerbaijan, Sept. 14

Trend:

Uzbekistan's Uzavtosanoat OJSC intends to build a motorcycle assembly plant in the city of Namangan, according to a decree of the Cabinet of Ministers, Uzbek media reported Sept. 14.

The plant's construction project is estimated at 12.9 billion soums. Of this amount 3 billion soums are the company’s own funds, while the remaining amount accounts for loans.

It is expected that the design capacity of the plant will be 10,000 motorcycles per year.

The new plant will ensure creation of 500 new jobs.

Starting from Jan. 1, 2019, the rate of customs duty on motorcycle import will increase by 5 percent in Uzbekistan.

(7,862.17 UZS = 1 USD on Sept. 14)

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