Версия для слабовидящих

+998 (71) 202-02-10

Free economic zone “Urgut” in the focus of media attention in South Korea

The authoritative South Korean magazine “The Korea Post” published an article “The Urgut Free Economic Zone continues to provide great opportunities for investors.

The article notes that the Urgut Free Economic Zone (FEZ), created in 2017 at the initiative of the President of Uzbekistan, specializes primarily in mechanical engineering, automotive industry, as well as the processing of fruits and vegetables.

“Currently, 63 projects are being implemented in the economic zone with a total cost of 302.7 million US dollars. About 5,000 people received new jobs in the SEZ, the article says. “There is a special economic regime for investors in the territory, which gives financial and customs preferences, which makes it possible to reduce the cost of starting production.”

In conclusion, the publication gives 11 advantages of investing in the Urgut FEZ:

  • stable macroeconomic indicators and constant growth;
  • strategic location and potential of foreign markets;
  • tax and customs preferences;
  • skilled workforce with competitive wages;
  • the lowest tax rate in the region;
  • well-developed logistics system and convenient access to the CIS countries;
  • visa-free regime in 101 countries;
  • continuous growth of the ease of doing business index;
  • beneficial cooperation with international organizations;
  • economically efficient natural resources;
  • guaranteed installation of engineering and communication systems.


Source: dunyo.info