New opportunities are being created for investors in the "Uzbekistan – Hungary" special industrial zone

Uzbekistan continues to actively strengthen its strategic partnership with Hungary, with a focus on expanding trade, economic, and investment cooperation, reports Dunyo IA correspondent.

According to the Ministry of Investment, Industry and Trade (MIIT), a new milestone in this direction is the adoption of a Presidential Decree introducing additional incentives and preferences for Hungarian and European investors within the newly established special industrial zone (SIZ) "Uzbekistan–Hungary", located in the Akhangaran district of Tashkent region.

The adopted document is aimed at creating the most favorable conditions for Hungarian businesses in Uzbekistan. Key preferences include:

 Tax incentives for a period of 10 years in accordance with the Law on Special Economic Zones;

 Autonomy granted to the management company in the allocation of investors;

 State commitment to provide external infrastructure for the SIZ.

The decree also approves a key document – the Investment Agreement between Uzbekistan and the Hungarian company "Inpark".

In addition, an Administrative Council chaired by the Prime Minister of Uzbekistan has been established to ensure the timely implementation of projects related to engineering, communications, and road infrastructure within the special industrial zone.

The introduced measures are designed to stimulate foreign direct investment, accelerate the development of industrial cooperation, and boost exports and job creation. Furthermore, the initiative is expected to enhance production capacity in pharmaceuticals, agriculture, and high-tech industries.

The "Uzbekistan–Hungary" special industrial zone is poised to become a flagship of Uzbek-Hungarian economic cooperation, reflecting Uzbekistan’s openness to foreign investment and its commitment to fostering a predictable and business-friendly environment.