Uzbekistan is to open a special industrial zone called Yangi Avlod (New Generation) in Tashkent. Yangi Avlod will be located in the Yangihayot district of the capital, and has been awarded a 30-year operating term.
Companies operating within the special industrial zone will receive preferential tax rates and customs benefits. A limited liability company is to be opened to manage the zone; this LLC will lease out land for investment projects via the electronic trading platform Ye-auction.
The special industrial zone is forecast to receive up to $1.5 billion in foreign direct investments (FDI) by the end of 2025, which will generate over 2,500 new jobs at Yangi Avlod
