Investment Potential of Navoi province of the Republic of Uzbekistan

About Navoi province

Location – in the center of Uzbekistan

Area – 111,0 thousand sq. km

Administrative division – 2 cities and 8

administrative districts

Population – 957,8 thousand

GDP of province – 12 317,4 milliard sum (2017 year)

South Korea- 11

RF- 10

China - 9

Other countries - 11

UK - 6

Turkey - 4

UAE - 2

Italy - 2 Canada - 1

Latvia - 2

South Korea RF China Other countries UK Turkey UAE Italy Canada Latvia

Companies with foreign investment in Navoi province

Total: 63

State guarantee

and protection

Inviolability of property

Stability

Financial autonomy

(autonomy)

Free repatriation

of funds

Tax privileges

Customs privileges

The state guarantees and protects all foreign investors' rights when they execute investment activity on the territory of the Republic of

Uzbekistan. The legal regime established for foreign investments cannot be less favorable than appropriate one established for foreign investments executed by legal and natural entities of the Republic of Uzbekistan.

If the subsequent legislation of the Republic of Uzbekistan worsens investment conditions, the legislation effective on the date of investment shall be applied to foreign investments within ten years from the date of investment. The foreign investor has the right at its own discretion to apply those provisions of new

legislation that are more advantageous to the investor’s investment conditions.

Foreign investments and other assets of foreign investors of the Republic of Uzbekistan are not subject to nationalization. Foreign investments and other assets of foreign investors are not subject to

requisition.

Foreign investor's profits received in the Republic of Uzbekistan can be re-invested on the territory of the Republic of Uzbekistan or used by all means at the foreign investor's discretion. According to the legislation, the enterprises with foreign investments have the right to the following: to open, use and dispose accounts in any currency and any bank on the territory of the Republic of Uzbekistan as well as outside it; to receive and return loans in foreign currency.

Foreign investors are guaranteed a free transfer of funds in foreign currency to and from the Republic of Uzbekistan without any limitations provided payment of taxes and other obligatory payments by them in accordance with the procedure established by the legislation of the Republic of Uzbekistan.

Enterprises of priority sectors of the economy that attract direct private foreign investments are exempt from corporate income tax, property tax, tax on improvement and development of social infrastructure, single tax payment for microfirms and small enterprises, as well as mandatory contributions to the Republican Road Fund. The specified tax privileges are given at volume of direct private foreign investments: From 300 thousand US dollars to 3 million US dollars - for a period of 3 years; More than 3 million US dollars to 10 million US dollars - for a period of 5 years; More than 10 million US dollars - for a period of 7 years.

Customs duties are exempted from: Property imported into the Republic of Uzbekistan by the enterprises with foreign investments with a share of foreign investments in the statutory fund of at least thirty-three percent for own production needs, within two years from the date of their state registration; Property imported for the own needs of foreign investors and foreign nationals residing in the Republic of

Uzbekistan in accordance with labor contracts concluded with foreign investors; Goods imported by foreign legal entities that made direct investments in the economy of the Republic of Uzbekistan for a total amount of more than fifty million US dollars, provided that the imported goods are products of their own production; Technological equipment imported to the territory of the Republic of Uzbekistan, according to the list approved in accordance with the legislation, as well as component parts and spare parts, provided that their supply is stipulated by the terms of the contract for the supply of process equipment.

Tax privileges

• For some administrative districts such as Zarafshan, Uchkuduk, Tomdi, Konimex and Nurota are given tax privilages who do the business in there

Rich resource

base

• The Navoi region is rich in various natural resources. There are other deposits in Navoi such as: silver, aluminum , lime, gold, gypsum, tungsten, uranium, molybdenum, granite, coal, marble, cement stones and others.

High staff potential

Free economic

zone

Huge territory

WHY INVEST IN

NAVOI?

Universities – 2 Colleges – 47 Lyceums – 4 Number of graduates – 20212 In industry – 3990 In finance – 1140 In light industry – 923

Road – 8.9 thousand km, including roads of international

importance М-37 (302 km)

Railroads – 641.5 km, connecting all administrative districts of

the region

Two railway stations in Navoi and Uchkuduk cities

Two airports in Navoi and Zarafshan cities

Logistics centre– Navoi International Intermodal logistics centre

59% 23%

18%

2017 year

Industry (including building) Service Agriculture

PRODUCTS MANUFACTURED IN FEZ “NAVOI”

IMPLEMENTED PROJECTS

23

129,3 mln $

41,1 mln $

Number

Cost

Foreign investments