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SPECIAL INDUSTRIAL ZONES: NEW OPPORTUNITIES FOR FOREIGN INVESTORS

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Presentation on theme: "SPECIAL INDUSTRIAL ZONES: NEW OPPORTUNITIES FOR FOREIGN INVESTORS"— Presentation transcript:

1 SPECIAL INDUSTRIAL ZONES: NEW OPPORTUNITIES FOR FOREIGN INVESTORS
Ministry for Foreign Economic Relations, Investments and Trade of the Republic of Uzbekistan SPECIAL INDUSTRIAL ZONES: NEW OPPORTUNITIES FOR FOREIGN INVESTORS

2 Factors of success in Uzbekistan
Political & macroeconomic stability Rich raw material base Energy advantageous Advantageous geographical location Diversified industrial base Well educated human resources Sound legal base

3 Foreign investment in Uzbekistan
Меры, принимаемые правительством для улучшения инвестиционного климата смогли значительно увеличить объем прямых иностранных инвестиций, привлекаемых в экономику страны. За годы независимого развития в экономику страны было привлечено свыше 100 млрд. долларов инвестиций, из которых более 35 млрд. долларов – средства иностранных инвесторов. Общий объем иностранных инвестиций в 2011г. Составил 3,87 млрд. долл. США. Включая прямые иностранные инвестиции в объеме 3,32 млрд. долл. США с ростом в 20%.

4 Free Industrial Economic Zone “Navoi“
Establishment of Free Industrial Economic Zone in Navoi region (Degree of the President of the Republic of Uzbekistan December 2, 2008 No.UP-4059) Territory ha Distance between Navoi and Tashkent – 490 km Samarkand – 153 km Bukhara – 110 km

5 FIEZ “Navoi“: regulatory and legal documents
Measures of organization of activity of FIEZ “Navoi” (Resolution of the Cabinet of Ministries dated January 27, 2009 No.21) Regulations on simplified regime of entry, departure stay and hiring of foreign citizens and stateless persons on the territory of FIEZ “Navoi” (Resolution of the Cabinet of Ministries dated April 9, 2009 No.104) Regulations on Administrative Council and on the order of selection of investors for allocation of FIEZ “Navoi” (Resolution of the Cabinet of Ministers dated April 9, 2009 №105) Regulations on the special customs regime in the area of FIEZ “Navoi” (Resolution of the Cabinet of Ministries dated April 23, 2009 №120) Regulations on the special currency regime in the area of FIEZ “Navoi” (under the consideration)

6 FIEZ “Navoi”: Profile Electronic & electrical products
Precision machinery & OEM parts for automobiles Pharmaceutical industry & Medical products Plastic goods and polymers Food processing and packaging

7 Navoi Logistics Center
In partnership with air cargo transportation leader Korean Air Navoi airport has been modernized to create international multimodal logistics center. 1st stage – Cargo processing ability – 300 tons/day 2nd stage – Cargo processing ability –1000 tons/day 1 399 cargo flights (2011) Seoul, Milan, Brussels, Shanghai, Saragossa, Vena, Deli, Mumbai, Istanbul, Doha, Dubai, Hanoi, Moscow

8 Tax preferences Navoi FIEZ residents are exempted from
Land tax - app.1500 USD for 1 ha Property tax % Profit (income) tax - 9% Unified tax (for SMEs) – 5% Social infrastructure development tax – 8% Obligatory payments to the Republican Road Fund (1-2.5%) and Republican Fund of Elementary and Secondary Education (0.5%)

9 Tax preferences Period of privileges and incentives: 7 years
if amount of direct investments is from 3 mln to 10 mln Euro 10 years and 50% reduction of profit tax for the following 5 years if amount of direct investments is from 10 mln to 30 mln Euro 15 years and 50% reduction of profit tax for the following 10 years if amount of direct investments is more than 30 mln. Euro

10 Customs exemptions For the whole period of functioning enterprises are exempted from customs duties for imported: Equipment Raw materials Production components 100% for goods aimed to exports 50% for goods aimed to domestic market with delay of payment period up to 180 days

11 Infrastructure development
Administrative building 3 stores Conference room for 300 people 4600 square meters of office area 4 meeting rooms 10 rooms for rent 50 square meters each Financial center 3 stores 4000 square meters of office area Branch of the National Bank of Uzbekistan Branch of the Korea Development Bank

12 Infrastructure development
Logistics center Customs office

13 Implemented projects Electronic & electrical products
“Telecom Inovations” JV Full capacity th. set-top box and 40 th. DSLAM/ADSL. Putting into operation - August, 2010 Foreign partners –“Servetechno Pte Ltd”(Singapore), “ZTE”(PRC) “CFM ProEnergies” JV Full capacity th. units. LED lamps Putting into operation - August, 2011 Foreign partner – “CFM Holding” (Singapore) “UzKor Lighting” JV Full capacity – 10,0 mln. units. energy efficient lamps. Putting into operation – August, 2011 Foreign partner - “Shinghwa Lighting” (Korea)

14 Implemented projects Precision machinery & OEM parts for automobiles
“UzЕгаеCable” JV Full capacity ,0 th. km. automobile wires. Putting into operation – August, 2010. Foreign partners - “Erae Сs Limited” (Korea) “UzЕгаеAlternator” JV Full capacity th. units compressors and generators. Putting into operation – August, 2010 Foreign partner- “Erae Сs Limited” (Korea) “UzMinda” JV» Full capacity – 250 th. units automobile components Putting into operation – September, 2010 Foreign partner - “Minda Group” (India)

15 Implemented projects Pharmaceutical industry & Medical products
“Hansang Pharm” JV Full capacity - 10,7 mln. package of drugs. Putting into operation - August, 2011 Foreign partner – “Trust Investment & Trading Co Ltd” (Korea) “Navoiy Hunan Pulp” JV Full capacity mln. units. diapers and hygienic products. Putting into operation – August, 2011 Foreign partner – “Hunan Aloft” (PRC) “Navoiy Beauty Cosmetics” JV Full capacity - 2,6 mln. units cosmetics Putting into operation – August, 2010 Foreign partner - “Hunan Aloft” (PRC)

16 Implemented projects Plastic goods and polymers
“Polipropilen Quvurlari» DC Full capacity ton polypropylene pipes. Putting into operation – August, 2010 “Polietilen Quvurlari” DC Full capacity ton polyethylene pipes. Putting into operation – August, 2010 Food processing and packaging “AgroFresh” JV Full capacity –storage of ton fruit and vegetable. Putting into operation – August, 2010 Foreign partner - “Kefayat General Trading Co. LLC” (UAE)

17 Projects under construction
Automobile gas cylinder Gas metering equipment Optic fiber cables Cross-linked polymer cable

18 Perspective investment project
Over 70 new perspective investment project in electronics, OEM parts, plastic products, pharmaceuticals, food processing and packaging

19 Development of social infrastructure
A land plot is transferred to Korean Air for construction of residential and hotel developments of international level. 120 hectares land 1.2 km from Navoi FIEZ March 19, held the opening ceremony of the Han Jin Navoi complex

20 “Angren“ Special Industrial Zone
Distance between large cities: Tashkent – 80 km Ferghana – 240 km Samarkand – 220 km Pedagogical institute 1200 graduating students 9 colleges, including 5 in industry 3 131 graduating, including in industry

21 Ahangaran - 178 ha (II stage)
“Angren“ SIZ Establishment of “Angren“ Special Economic Zone (Degree of the President of the Republic of Uzbekistan April 10, 2012 No.UP-4434) Angren ha (I stage) Ahangaran ha (II stage) 21

22 “Angren” SIZ: Profile Chemical and petrochemical products
Construction materials Pharmaceutical industry & Medical products Leather products Food processing and packaging and other industries 22

23 Mineral resources of Tashkent region
Over 30 deposits of mineral resources, including : Copper Silver Lithium Coal Kaolin Building stones

24 Energy potential of Tashkent region
Electricity: 2 power stations (Novo-Angren, Angren) 21 high-voltage substations Substations power MW Gas supply: The region is provided with natural gas through Akhangaran-1 pipeline

25 Angren Logistics Center
Creating a competitive advantage for the country in the international logistics market 30 ga total area 300 vehicles 4.0 mln. tones cargo operation (2011) Создание конкурентного преимущества для страны на международном рынке логистических услуг Для осуществления перевозок на договорной основе использовалось более 300 единиц автотранспорта. 25

26 Tax preferences and incentives
Angren SIZ residents are exempted from Property tax % Profit (income) tax - 9% Unified tax (for SMEs) – 5% Social infrastructure development tax – 8% Obligatory payments to the Republican Road Fund (1-2.5%) 26

27 Tax preferences Period of privileges and incentives: 3 years 5 years
if amount of direct investments is from 0.3 mln to 3 mln USD 5 years if amount of direct investments is from 3 mln to 10 mln USD 7 years if amount of direct investments is more than 10 mln. USD Customs duties for imported equipment, raw materials, production components, not produced in Uzbekistan, by the degree of the Cabinet Ministers 27

28 Current projects Synthetic motor oil Automobile tires Silicon
Ceramic tile Cement 28

29 Thank you for your attention.
Thank you for your attention.


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