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30 August 2019

II International Investment Forum of Jizzakh region

On August 29, the II International Investment Forum of the Jizzakh region was held in Jizzakh, in which the heads of industry ministries and departments of Uzbekistan, representatives of domestic and foreign business circles, heads of foreign diplomatic missions, international organizations and financial institutions, as well as representatives of the media took part.

A large delegation from the Russian Federation, led by Deputy Minister of Industry and Trade A. Gruzdev, also took part.

At the opening ceremony of the Forum, the Minister of Investment and Foreign Trade S. Umurzakov made a welcoming speech, emphasizing not only the importance, but also the effectiveness of all measures taken by the Government aimed at building and developing a stable and prosperous market economy, attracting even more foreign investment and growth macroeconomic stability.

It was noted that, as of the current moment, significant progress has been made in enhancing the process of accession to the WTO, all restrictions on the repatriation of profits have been removed, a visa-free regime with a large number of countries has been introduced.

An important step in attracting foreign investors to the republic is the decision to intensify privatization processes, in which investors are offered state blocks of shares in the authorized capital of large joint-stock companies and banks of the republic.

The wide industrial and investment opportunities of the region in such areas as chemistry and petrochemistry, the mining sector, textiles, agriculture, pharmaceuticals, the electrical industry and mechanical engineering were announced. Two free economic zones were presented – the FEZ “Jizzakh” and the FEZ “Zamin-farm”, which have a special tax regime and customs privileges.

The forum also included panel discussions, interactive sessions, an exhibition of goods and services produced in the Jizzakh region, as well as cooperation agreements in the framework of specific business cases.

According to the results of the Forum, it is expected to sign investment agreements and export contracts for a total amount of over $ 1 billion.

 

Source: Press Service of the Ministry of Investment and Foreign Trade