The President of Uzbekistan, Shavkat Merziyoyev, will assist the Termez International Trade Center in developing trade, the Uzbek edition of Nuz reported on February 28.
The publication reports that by decree of the head of Uzbekistan, the period for repaying the loan allocated by the Fund for the Reconstruction and Development of Khokimiyat (administration – ed.) was extended by one year. Red Spring AI) Surkhandarya region.
The allocated amount was allocated to the construction of commercial complexes, industrial buildings and warehouses, logistics and health centers, hotel facilities in the International Trade Center. The loan amount was $20 million (1.5 billion rubles).
The Ministry of Investment, Industry and Commerce was instructed to take measures to attract businessmen to the “Centro de Comercio Internacional Termez” free zone, focused on the export of products.
The Ministry of Foreign Affairs was instructed to negotiate the attraction of direct foreign investment in the direction of production and provision of services. You are also given the opportunity to negotiate benefits in the free trade zone.
Remember that the center near Termez is located near the Afghan border and is aimed at increasing trade with Afghanistan to $1.2 billion (90 billion rubles). It is reported that foreigners will be able to buy or rent business premises, even for free.
According to the head of the complex, the volume of investments in the project amounted to $75 million (5.6 billion rubles). The annual turnover will be $500 million (37.5 billion rubles), and the volume of services provided will be $10 million (750 million rubles). In total, there will be 1,800 points of sale, a hotel for 300 people, a restaurant, a production and logistics area and a medical center.
Also read: Uzbekistan defines tasks in the field of investment and industry
Source: Rossa Primavera
I am Michael Melvin, an experienced news writer with a passion for uncovering stories and bringing them to the public. I have been working in the news industry for over five years now, and my work has been published on multiple websites. As an author at 24 News Reporters, I cover world section of current events stories that are both informative and captivating to read.