Grants new subsidies for hotel construction
27 May 2019
On 27 May 2019, the Government of Uzbekistan approved new regulations relating to subsidies to compensate part of investors’ expenses for the construction and equipping of new hotels. Subsidies are available for investors constructing hotels with at least 50 rooms for the 3-star category and 100 rooms for the 4-star category and are calculating as follows:
- 40 million soums for each room in hotels with a category of 3 stars;
- 65 million soums for each hotel room with a category of 4 stars.
Investors that enter into agreements to use brands of prestigious hotels are entitled to additional benefits.
Nature of measure:
Type:
-
Promotion and facilitation (Investment incentives)
Industry:
-
Services (Arts, entertainment and recreation)
Inward FDI:
No
Outward FDI:
No
Sources:
