Uzbekistan To Establish New Export-Oriented Economic Zone In Namangan
Date
1/16/2025 8:13:23 AM
(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, January 16. Uzbekistan
will establish a new export-oriented economic zone in Namangan,
focusing on the textile industry, Trend reports.
This was revealed at a videoconference chaired by the President
of Uzbekistan Shavkat Mirziyoyev on key investment issues.
This decision comes as part of Uzbekistan's strategy to enhance
its manufacturing capabilities and expand exports.
Moreover, the new zone will specialize in the production of
high-quality textile goods, incorporating foreign brands and
targeting international markets. This approach has proven
successful in foreign markets, and it is expected to bring
significant economic benefits to the region.
The establishment of this zone marks a major step in the
country's efforts to transform its free economic zones into hubs
for export-driven industries. Authorities have instructed economic
leaders to review the current system and submit proposals for
further specialization toward exports.
The Namangan economic zone is expected to attract investments,
create jobs, and contribute to Uzbekistan's overall economic
growth, particularly in the textile sector.
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