Offers State budget support to provide investment projects above UZS200 billion with external infrastructure

On 7 June 2022, the Cabinet of Ministers of Uzbekistan adopted the Resolution “On approval of the State compensation for the creation of external infrastructure of investment projects of foreign and local investors”. It allows the Government to allocate funds from state budget to provide the investment projects worth over UZS200 billion (approx. $18.5 million) with infrastructure.

The investment projects will undergo the assessment procedure by a special commission and should meet among other the following criteria: the investment project should be included into the Government’s investment programme and the share of the investor’s own fund must not be less than 25 per cent. With the Resolution, the Government seeks to attract foreign and local investors and to encourage the establishment of local value chains and additional workplaces.

• Type:

  • Promotion and facilitation (Investment facilitation , Investment incentives)
  • Promotion and facilitation (Investment facilitation , Investment incentives)

• Industry:

  • Not industry specific

• Sources:

  • Lex.UZ - national database on legislative acts, Ўзбекистон Республикаси Вазирлар Маҳкамасининг қарори, 07.06.2022 йилдаги 306-сон, https://lex.uz/docs/6049663, 07 Jun 2022
  • JDSupra, Uzbekistan offers state support to large investors, https://www.jdsupra.com/legalnews/uzbekistan-offers-state-support-to-3769142/?origin=CEG&utm_source=CEG&utm_medium=email&utm_campaign=CustomEmailDigest&utm_term=jds-article&utm_content=article-link, 01 Jul 2022