The Uzbek business community is cooperating with Ostim, Turkey’s largest industrial zone manager. The cooperation meeting was held on October 4 at the Hilton Hotel in Tashkent.
Chairman of the Economic Assembly of Uzbekistan Mukhtor Umarov talked about details and answered questions from Kun.uz.
- 200,000 jobs are promised, how will this be achieved?
- About 1,000 Turkish companies will be invited to Uzbekistan. If we create industrial zones that work under Turkish law, we will be able to attract new companies not only from Turkey but also from Europe.
In this regard, the head of the Ostim industrial zone has 6,200 companies. We can attract at least 1,000 of them to Uzbekistan. They have already expressed interest in this. If we create conditions for about a thousand companies and train them to world standards through Ostim industrial managers, we will be able to ensure their arrival in Uzbekistan.
We have calculated that if about 200 workers are employed in about a thousand companies, 200,000 jobs will be created. This is a five-year project. We have no intention to invent a new bicycle, this work will be based on the Turkish experience.
- You said that the government has allocated 3 industrial zones for the project, where are they located?
- Now we have the right to choose. The first industrial zone is a furniture cluster in Yukori Chirchik, Tashkent region. Another one is in Andijan and we got the right to choose the third.
We have decided to select 2 different industrial cluster zones: one is currently developing, and another is lagging behind. We work on the basis of experience exchange.
- How much money will be spent on the project and what are the sources of funding?
- The first source for the project is Ostim’s own investment fund. This special fund provides for the allocation of funds for entrepreneurs going abroad.
The second is the Uzbek government’s direct funding fund. This is a Direct Investment Fund. Through this fund, up to 30% of investments will be made in the projects of our entrepreneurs in areas that are important for the country’s economy. There is a condition that the government will withdraw from the project after 5 years.
