Uzbek-Chinese investment fund to be created in Syrdarya

As part of the second initiative of the head of Uzbekistan, aimed at further improving the well-being of the inhabitants of the Syrdarya, 11 districts and cities of the region will specialize in industry according to the Chinese model, in each of which innovative technology parks will be created.

In them:
• innovative projects are being implemented in the electrical, biopharmaceutical, chemical, construction, silk and food industries;

• the status of a free economic zone is granted and a simplified regime system “processing in the customs territory” is introduced;

• industrial premises are built according to standard designs and are provided to entrepreneurs in finished form through “industrial mortgage”;

• This year, 200 billion soums will be allocated for the infrastructure of the technopark.

An Uzbek-Chinese investment fund will be created to finance investment projects in the Syrdarya. This fund will be established along with the prestigious China Silk Road Foundation and other financial institutions. Investments in the fund will amount to $1 billion.