New enterprise launches at SIZ Jizzakh
22/08/2014 13:05
New enterprise launches at SIZ Jizzakh
22/08/2014 13:05
Tashkent, Uzbekistan (UzDaily.com) -- One of enterprises, registered at special industrial zone Jizzakh, has been commission, Golos Uzbekistan newspaper said.
The newspaper said that soon another project will be completed. Over 100 jobs were created at the enterprise, which will produce import-replacing and export-oriented products.
Director of the state unitary enterprise “Directorate of special industrial zone Jizzakh” Alijon Abdullaev said that it is planned to complete work on two projects out of ten by the end of 2014. He said that additionally 120 jobs.
He said that within the programme of speeding up development of transport, production and engineering-communication infrastructure of the special industrial zone Jizzakh for 2013-2015, it is planned to use capital investments for US$29.5 million.
Abdullaev said that automobile roads were reconstructed and constructed. New railroads with the length of 50 meters were constructed. The water supply system was created. Substation Sanoat-1 was reconstructed to provide electricity to enterprises.
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.
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