Uzbekistan launches its first export-oriented SEZ in Namangan

On March 4, President Shavkat Mirziyoyev issued a decree aimed at improving the efficiency of special economic and industrial zones, according to the Ministry of Justice.

The document outlines key targets for 2025, including increasing production volumes to $4.3 billion in SEZs and $1.8 billion in industrial zones. Export goals are set at $1 billion and $512 million, respectively.

To achieve these targets, Uzbekistan plans to attract $3.1 billion in investments, including $2.3 billion for SEZs and $800 million for industrial zones. Additionally, the president has tasked authorities with creating a total of 29,000 new jobs in these zones.

The decree eliminates all time restrictions on SEZ operations. Moreover, newly established specialized zones will be permitted only in the formats of SEZs and industrial zones.

A significant change introduced by the decree is the establishment of special export zones — SEZs exclusively dedicated to the production of goods for foreign markets. The first of its kind will be the Namangan SEZ, which was initially announced by the president in January.

The Ministry of Investments, Industry, and Trade has been designated as the authorized body overseeing SEZ management. It will also coordinate SEZs operated by private companies and industrial zones managed by local authorities.

Starting from June 1, raw materials, components, and supplies imported by SEZ participants for export production will undergo customs clearance under the "processing in the customs territory" regime.

Additionally, until January 1, 2028, SEZ and industrial zone administrations will benefit from a land tax exemption on leased plots, with a reduced tax rate of just 1% of the assessed amount.