economic development of Uzbekistan

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The Chinese Huaxin Cement will build a new cement plant in Zafarabad district, Jizzakh province, a government resolution said.

The US$ 150 million dollar facility will have the capacity of 1.2 million tons of portland cement per year. The Chinese firm has already set up a company in the form of a limited liability company Huaxin Cement Jizzakh for the project.

The facility is scheduled to be commissioned in December 2019.

The government ordered the Jizzakh province governor office to ensure the allocation of non-agricultural land plot of 81 hectares for the plant before March.

As part of the project, Huaxin Cement Jizzakh was exempted until January 1, 2021 from corporate income tax, corporate property tax, and until October 1, 2020, customs duties on equipment and materials, cars and mechanisms, and special transport facilities, spare parts and components, instruments and tools, technical and design documentation.

Also, the company until October 1, 2020 is exempt from paying:

  • value added tax on works (services) performed by non-residents;
  • various fees, government duties and fees for licensing and certification of services, imported goods, materials, equipment, machinery and components, industrial equipment, vehicles, spare parts, tools, fuels and lubricants.
 

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Investors from the UAE proposed to open a casino in Muynak, Karakalpakstan. The Uzbek Prosecutor General Office confirmed it is closely considering the issue along with other relevant bodies, a government source told The Tashkent Times.

The source added there are also plans to build an international airport, cinemas and introduce a Smart City.

The Jan. 16 resolution of the Cabinet of Ministers called for proposals for the construction of a safari road, holding Rally Muynak, international gastronomic festivals, creating an alley of artisans, and boosting medical and pilgrim tourism.

Gambling and other risk-taking games, including betting games have been outlawed in Uzbekistan since 2007 by a Cabinet resolution.

Muynak is formerly a sea port in western Uzbekistan, now home to only a few thousand residents at most. Its population has been declining precipitously due to the recession of the Aral Sea.
 

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Uzbekistan will set up a shoe manufacturing unit with Belarus in 2019, Nikolay Martynov DG of Marco, a Belarussian leather and footwear company said yesterday on STV television channel.

The deal for a shoe manufacturing JV was signed on the margins of the official visit of the President of Belarus to Uzbekistan. "We were entasked to commission it by the end of 2019. Currently we are dealing with registration, design, selection of material and equipment," said Martynov.

The owner of the technology is the Belarusian company.
 

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Investors from the UAE proposed to open a casino in Muynak, Karakalpakstan. The Uzbek Prosecutor General Office confirmed it is closely considering the issue along with other relevant bodies, a government source told The Tashkent Times.

The source added there are also plans to build an international airport, cinemas and introduce a Smart City.

The Jan. 16 resolution of the Cabinet of Ministers called for proposals for the construction of a safari road, holding Rally Muynak, international gastronomic festivals, creating an alley of artisans, and boosting medical and pilgrim tourism.

Gambling and other risk-taking games, including betting games have been outlawed in Uzbekistan since 2007 by a Cabinet resolution.

Muynak is formerly a sea port in western Uzbekistan, now home to only a few thousand residents at most. Its population has been declining precipitously due to the recession of the Aral Sea.
 

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Uzbekenergo and Russian Power Machines are working on a phased modernization of power units at the Syrdarya thermal power plant, Uzbekenergo said.

Power Machines has started shipping the equipment, with 5.0 million euro worth of equipment delivered in December 2018.

The US$ 177.1 million turnkey reconstruction project is to be carried out in 3 phases: in 2018-2019 - power units No. 3 and No. 4, in 2019-2020 - power units No. 5 and No. 6, in 2020-2021 - power units No. 9 and No. 10. The capacity of these stations will grow from 1800 to 1950 MW.

In addition, the upgraded and reconstructed power units will be equipped not only with heat-mechanical and electrical equipment, but also with an automated process control system in power units.

Vnesheconombank (Russia) will provide $ 132 million loan of the total US$ 187.3 million project, with the rest to be funded by the Uzbek side.

The Syrdarya thermal power plant was commissioned in 1981 with installed capacity of 3.2 thousand MW. The annual electricity output is at 13 billion kWh, or 32% of the total electricity produced in Uzbekistan
 

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China car manufacture JAC Motors is looking to set up a manufacturing plant in Ferghana valley, Uzbekistan
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