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Navoiy is a city (pop 125,800 in 2007) and the capital of Navoiy Provincemarker in the southwestern part of Uzbekistanmarker. It is located at latitude 40° 5' 4N; longitude 65° 22' 45E, at an altitude of 382 meters.

History

Originally known as Kermine ("Karmanamarker") under the Emirate of Bukharamarker, the city was re-founded in 1958, under the name of the great Uzbekmarker poet and statesman Alisher Navoi, who wrote in Persian and Chaghatai at the court of Emir Husein Boykara (or Husayn Bayqaro) in Heratmarker.

Economy

Navoiy Region has large stocks of natural gas and deposits of precious metals, as well as large stocks of raw materials for production of construction materials. Among these enterprises are Navoi and Zarafshan Gold Mining and Metallurgical Complexes, which extract one of the purest gold in the world. The enterprise NavoiyAzot is the largest producer of mineral fertilizers in the country.

Navoiy Free Industrial Economic Zone (FIEZ)

According to the Decree of the President of Uzbekistan, Free Industrial Economic Zone (FIEZ) with special conditions for foreign investments have already created in Navoi Province of Uzbekistan, in the area of Navoi city International Airport.

FIEZ is designed to promote a wide range of high-tech and internationally competitive production using modern high-efficiency equipment, technological lines and units, as well as latest innovations. The operation period of FIEZ is 30 years with possible prolongation.

The Zone will be located at a distance of 800 meters from the highway E-40, 1,8 km from the cargo terminal of Navoi Airport connected to international railway routes towards countries of Europe (via Russia), South Asia (via China), Middle East and the Gulf (via Iran). The distance to the nearest water and gas distribution centres is 800 m, electrical station - 8 km.

Business entities registered in FIEZ will enjoy exceptional customs, currency and tax regulations, simplified procedure for entry, stay and obtaining of work permit for non-resident citizens. They shall be exempt from paying land, property, income, development of social infrastructure, single payment (for small businesses) taxes, mandatory payments to Republic’s Road Fund and Fund of School Education, depending on the amount of direct investments:

from 3 to 10 million euros - for 7 years;from 10 to 30 million euros - for 10 years, with reduction of profit and unified tax payment rates by 50% in the next 5 years;more than 30 million euros - for 15 years, with reduction of profit and unified tax payment rates by 50% in the next 10 years.Along with this, business entities will be exempted from paying customs duties (excluding charges for customs clearance) for equipment, raw materials and components imported for the production of export oriented goods. They will be able to make payments in foreign currency within the FIEZ, as well as to use convenient terms of payments for exported and imported goods.

Coordination and management of FIEZ activity will be carried out by Administrative Council composed of representatives of state bodies and zone administration. The Council can select international company to manage the zone on a contract basis. It is envisaged to create a FIEZ development fund aimed to support infrastructure development.

Navoi province is located in the central part of Uzbekistan, being one of the largest industrial centres of the country. The province possesses rich minerals and raw materials resources – Muruntau gold-bearing field, silica sand fields (of more than 1.5 billion tons), deposits of granite (1.9 billion cubic meters), marble (420 million cubic meters), phosphorites (1.5 billion tons) and many others.

Navoi Mining and Metallurgy Combinat – the biggest enterprise of the province, is included in top ten largest world producers of uranium and gold (9999 standard). Gold bars produced by the Combinat are awarded with the status of “optimal gold delivery” by London Precious Metals Market and Tokyo Commodities Exchange. Along with mining, the province’s economy is based on production of building materials, chemical, textile and food industries.

40 foreign investment enterprises operate in Navoi province. Most of them are established with participation of investors from USA, China, Russia and the United Kingdom – Uzbek-British Joint Venture “Amantaytau-Goldfields” is successfully working in the province.For further information please visit:Uzinfoinvest Agency at www.investuzbekistan.uzInvestment Guide for Navoi Region at www.uzbekembassy.org/e/investment_guide_by_navoi

Transportation

References

  1. Official Website of Navoiy Province


External links




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