Международный научно-образовательный электронный журнал «образование и наука в XXI веке»

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As head of state Sh. Mirziyoyev noted that "the steady increase in investment is a 
key factor in the development of modern production facilities, the creation of new jobs 
in the economy, the implementation of important social programs and, most 
importantly, the further improvement of living standards and quality."
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In addition, President Sh. Mirziyoyev adopted the State Program of Actions 
Strategy for the five priority areas of development of the Republic of Uzbekistan for 
2017-2021, which will bring the country's economy to a new level. In particular, the 
third priority of this strategy is the strategy of economic development and 
liberalization, strengthening the macroeconomic stability and maintaining high 
economic growth rates by further improving the investment climate by actively 
attracting foreign investment in the economy. to stimulate business development and 
comprehensive sustainable socio-economic development of regions, districts and 
cities. 
Methods and forms of implementation of this policy are determined by the 
dynamics of the country's economy, employment, level of production and the 
development of market relations, as well as the level of economic development. One 
of the most effective ways to do this is through the operation of free economic zones. 
Funding for the development of certain types of economic activity through the 
provision of benefits is regulated by the state. 
World experience shows that the FEZ is a very effective tool in solving the 
problems of accelerating the economy of regions and cities, as since its inception, it 
has brought income by investing in the region and creating new jobs. 
It should be noted that in Uzbekistan, the financing of the creation and 
development of free economic zones by attracting local and foreign investment in the 
regions is carried out through a large-scale work. 
In recent years, the country has adopted more than 30 government and 
interdepartmental documents to encourage investment in the regions. 
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President of the Republic of Uzbekistan Sh. Mirziyoyev's Address to the Oliy Majlis "Results of the main work done 
in 2017 and priorities for socio-economic development of the Republic of Uzbekistan in 2018" December 23, 2017. 

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Today, there are 23 free economic zones and 348 small industrial zones in the 
country, which have created about 36,000 jobs through the implementation of 453 
projects worth $ 2.6 billion. In small industrial zones, 1,497 projects worth 5 trillion 
soums have been launched and more than 36,000 people have been employed.
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The resolution of the President "On measures to further develop the engineering 
and communication infrastructure of special economic and small industrial zones" is 
important in addressing the problems that hinder the timely implementation of 
investment projects in free economic zones. 
According to him, 1.6 trillion soums will be allocated this year to improve the 
infrastructure of free economic zones and small industrial zones. At present, 584 billion 
soums will be allocated for the construction of additional electricity, gas, drinking 
water and sewage networks and roads in 17 free economic zones, and 395 billion soums 
for 145 small industrial zones. 
It is worth noting that 232 billion soums have been allocated for the provision of 
infrastructure for large investment projects, and 264 billion soums for the rapid 
development of industry and business in 33 underdeveloped districts. This year, 332 
projects worth $ 1.1 billion are planned to be launched in free economic zones, and 
1,800 projects worth 9.5 trillion soums are planned to be launched in small industrial 
zones.
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These projects are an important factor in the further development of industry 
in our country, the production of import-substituting and export-oriented products. 
According to paragraphs 3 and 4 of the Decree of the President of the Republic of 
Uzbekistan "On additional measures to activate and expand the activities of free 
economic zones" PF-4853 dated October 26, 2016, free economic zones participants 
are exempt from land tax, profit tax, corporate property tax, landscaping and social 
infrastructure development tax, single tax for micro and small enterprises for 3 to 10 
years, depending on the amount of investment.
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https://president.uz › lists › view 
1 trillion 600 billion soums will be allocated to improve the infrastructure of economic zones 
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https://uzlidep.uz/uz/news-of-party/8971 
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Decree No. PF-4853 of October 26, 2016 "On additional measures to activate and expand the activities of free 
economic zones" 

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President of the Republic of Uzbekistan Sh.M. In order to eliminate the negative 
effects of the Coronavirus pandemic on the socio-economic development of the 
Republic of Uzbekistan, to restore investment and foreign economic activity of 
business entities, as well as to create conditions for further deepening economic 
reforms, the Parkent Free Economic Zones -pharm ”,“ Kosonsoy-farm ”and“ Bostanliq 
farm ”installed substations and transformers with sufficient voltage 
70 projects based on 66 enterprises have been launched in the Angren Free 
Economic Zone with investments of $ 783.9 million, including $ 294.4 million in 
foreign direct investment. As a result, 8,165 jobs were created. The Uzbek-Chinese 
joint venture Limax gold textile is a major investment project in the Angren free 
economic zone. The project produces high-quality hosiery products of the world-
famous brand Limax. The total cost of the project is $ 12 million, which will expand 
the company's activities and increase exports. The main goal of the project is one of 
the five important initiatives of the President of Uzbekistan - to create full living 
conditions for women by providing them with employment. In order to implement this 
initiative, the company is primarily recruiting women who have lost their 
breadwinners, as well as women with many children. The pandemic created 269 jobs. 
As of December 1, 2021, about $ 7.5 million has been disbursed by Chinese 
investors. In January-October, products worth $ 1.7 million were exported. 
The joint venture Quality Devices, which is part of the Angren Free Economic 
Zone, produces high-quality TVs, monitors and microwave ovens under the ARTEL 
and SHIVAKI brands. Of this, $ 1.02 million is foreign direct investment from the 
Turkish company Ilk Sabah Insaat Anonymous Company, which produces 1.2 million 
TV sets a year. monitors, 105,600 microwave ovens are being produced. Last year, the 
company exported $ 4.8 million worth of products, mainly to Azerbaijan, Kazakhstan, 
Tajikistan and Afghanistan. The company has created 532 jobs, most of which are 
young.
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https://dunyo.info/uz/site/inner/angren_international_experience_of_development_free_economic_zone-g1k 

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The participants of this economic zone have been granted a number of privileges 
and preferences. In particular, benefits in customs, land tax, guaranteed engineering 
and communication infrastructure and other areas contribute to the further development 
of the business. 
According to Zoe Harry, project director of the World Free Zones Organization, 
economic zones (EZs) have proven resilient after the Covid-19 pandemic. This may be 
due to their characteristic business-friendly policies and a reliable legal and regulatory 
environment. Over the past 18 months, free economic zones have introduced new 
policies and incentives to maintain existing companies and attract new businesses 
around the world. 
The article discusses the activities of free economic zones during the Covid-19 
coronavirus pandemic and the role of investment in their financing, with a focus on the 
following. These zones are notable for their sustainable development during the Covid-
19 coronovirus pandemic. 
Coyol Free Zone (CFZ) Based in Alajuela, Costa Rica, CFZ brings together 31 
leading global natural sciences and advanced manufacturing companies that employ a 
total of 16,500 people. 
CFZ provides comprehensive assistance to companies, from infrastructure and 
construction consulting to the implementation of operations in the recruitment process. 
During the pandemic, various measures were taken to protect investments in the zone. 
In March 2021, CFZ launched the Academia Coyol free online academy to train 
workers in the medical field. So far, more than 4,600 people have enrolled in the course. 
The region has also made the recruitment program completely virtual, which helps 
companies find, pre-select and evaluate potential employees. 
In addition, rules have been introduced to limit the spread of the virus in the zone. 
He partnered with local lab Laboratorios Echandi to conduct a free Covid test for zone 
staff. CFZ has also introduced a cashless electronic payment system for its 
transportation services, which makes it more hygienic and tracking than using paper 
tickets. 

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As a result of the measures taken by CFZ, 2020 was one of its most successful 
years. Despite the Covid-19 pandemic, all construction projects in the zone continued, 
and 2020 became the year in which the largest construction site in CFZ history was 
completed. 
In addition, all recruitment and training services have been streamed online, 
resulting in the hiring of 1,500 new employees throughout the year. Zone companies 
invested approximately $ 52 million (€ 44.82 million) in CFZ in 2020, including Costa 
Rican logistics provider Segex, UK medical equipment maker Smith & Nephew, 
Connecticut Women’s Health Coopersurgical Company and industry in Massachusetts. 
automation. Teradyne Company.
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At the beginning of the pandemic, CFZ set up a commission to promote a safe 
environment, ensure compliance with Covid-19 regulations, and encourage business 
continuity. The committee included external expert advisors, directors of rental 
companies and park administrators. During this time, CFZ continued to work closely 
with its member companies and provided medical and legal advice, as well as effective 
work practices at home. 
CFZ’s rental companies take a variety of measures to protect their employees, 
including supporting 100% remote work initiatives when the workplace allows, 
providing food and face masks, giving bonuses to help needy families, and dismissing 
them. 'introduced a minimum of sales. 
The Lodz Special Economic Zone The Lodz Free Economic Zone, established in 
Poland in 1997, covers the province of odódz, as well as parts of Mazovia and Greater 
Poland. It gives investors access to a wide range of resources, technologies and 
financial tools to grow their business. These include the zone’s Technical School of 
Automation and Robotics, its development zone for small and medium-sized 
businesses, and various acceleration programs. 
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https://www.investmentmonitor.ai/investment-monitor-events/economic-zone-sustainable-recovery-
strategies-awards-2021 

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In March 2020, the Lodz FEZ launched the “Spark: Change the Future” initiative 
to support startups developing products and services to combat Covid-19. Ten of the 
150 applicants were selected and awarded grants of € 400,000, as well as coaching and 
technological assistance. 
The Lodz Free Economic Zone will also help the Polish government support the 
Anti-Crisis Shield Act aimed at mitigating the negative effects of the pandemic. Zona 
meets regularly with investors to assess their needs and reports to the government, 
which develops a variety of tools to make it easier to do business after Covid. 
Despite the pandemic, the Lodz Special Economic Zone was able to attract 38 
new investment projects in 2020 from companies based in Belgium, France, Germany, 
Luxembourg, Switzerland and the United States. Investors include Alcon, an eye care 
company based in Switzerland, which has invested € 19 million in the Global 
Competence Center, creating and supporting 400 jobs. Roldrob, part of French-based 
LDC Group agricultural company, has announced plans to invest more than € 16 
million to create and support more than 1,450 jobs, while Germany-based Interprint 
decor printer has announced plans to invest more than € 15 million. invested more than 
a euro. 
The Hualing Free Industrial Zone (Georgia) has introduced various incentive 
packages to support tenants during the pandemic. These include general upgrade 
packages of 15-50% discounts, 100% waiver of various services such as rent 
restructuring and registration services, relocation fees and security deposits. The zone 
also offered special benefits for each company to accelerate production and support 
strategically important industries. 
The ADGM (UAE) canceled, discounted, and offered refunds of many payments 
during the pandemic to help its member companies. These include a 100% waiver of 
business renewal fees, renewal of business license fees, and renewal of data protection 
fees. ADGM’s Financial Services Regulatory Authority has reimbursed 50 percent of 
control fees for 2020 and waived 100 percent of annual funding. 

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The free zone has reduced fees for adding new businesses by 50% by the end of 
2020, and has extended to ADGM a 100% waiver of fees associated with the 
continuation of legal entities from foreign jurisdictions until the end of 2020. 
The DMCC UAE announced the launch of the DMCC Business Support Package 
in March 2020, which is its largest incentive package to date. The package was then 
extended and expanded twice by the end of 2020. More than 8,000 member companies 
used more than 13,000 offers in 2020. 
The zone has also offered a setup that allows foreign companies to open an office 
in Dubai within five business days with a six-month free trial period. In addition, 
DMCC has entered into an agreement with Emirates NBD to offer companies the 
option to pay for regional services in multiple installments at a 0% interest rate. 
Special Economic Zone Technopolis Moscow (Russia) In 2020, 23 additional 
companies joined the Technopolis Moscow special economic zone. Private investment 
totaled $ 400 million and more than 3,600 jobs are expected to be created. The largest 
tenants operating in the region are the medical, pharmaceutical and microelectronics 
industries. 
Notable projects include Sputnik Technologies ’$ 150 million high-tech, full-
cycle pharmaceutical complex for the production of the Covid-19 vaccine, NM-Tech’s 
$ 150 million manufacturing facility for modern microelectronic components, and 
Oncotarget’s $ 15 million. million-dollar antivirus development site.
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In order to further simplify the system of coordination and management of the 
free economic zone, improve the conditions for attracting investment, ensure the 
accelerated implementation of investment projects, create new jobs and increase 
incomes: 
to create the necessary conditions in the territory of the free economic zone to 
attract investors, including the improvement of the provision of engineering and 
transport infrastructure, social and cultural facilities; 
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https://www.investmentmonitor.ai/investment-monitor-events/economic-zone-sustainable-
recovery-strategies-awards-2021
 

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to determine the specialization of free economic zones and their role in the socio-
economic development of the regions, and on this basis to determine the specific 
criteria for the selection of projects, the benefits provided and other forms of state 
support; 
Improving the management system of free economic zones, including the 
establishment of uniform standards for the organization of directorates, expanding the 
list of services provided, as well as the transfer of free economic zone directorates to 
business entities, including foreign companies. 
At the same time, the study of the practice of establishing and operating free 
economic zones shows that there are systemic problems and shortcomings that hinder 
their effective operation. 
In conclusion, the free economic zone is an organization established to build new 
production facilities, develop high-tech production, actively involve in the 
development of modern competitive, import-substituting, export-oriented finished 
industrial products. area. The purpose of its creation is, first of all, to solve the tasks of 
strategic development of the country or a separate region, ie foreign trade, general 
economic, social, regional and scientific-technical issues. 
The central government should be a driving force for the economic development 
of the FEZ and serve to determine the country's industrial and economic policy and the 
role of the FEZ in it. Although one of the conditions for FEZ success is independence 
from the government, it does not mean independence from the central government. 
Activities of foreign free economic zones mentioned in the world practice 
Development of information and consulting network for investors to attract foreign 
investment in financing the activities of free economic zones in Uzbekistan during the 
pandemic, development of a network of investment bureaus abroad, investors' access 
to the Uzbek market It is necessary to pay more attention to the implementation of tasks 
such as the provision of services, the formation of a database on investment projects 
and the preparation of references on investment conditions. 

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List of used literature: 
1. President of the Republic of Uzbekistan Sh. Mirziyoyev's Address to the Oliy 
Majlis "Results of the main work done in 2019 and priorities for socio-economic 
development of the Republic of Uzbekistan in 2020" January 25, 2020. 
2. President of the Republic of Uzbekistan Sh. Mirziyoyev's Address to the Oliy 
Majlis "Results of the main work done in 2017 and priorities for socio-economic 
development of the Republic of Uzbekistan in 2018" December 23, 2017. 
3. https://president.uz ›lists› view 1 trillion 600 billion soums will be allocated to 
improve the infrastructure of economic zones 
4. Decree No. PF-4853 of October 26, 2016 "On additional measures to activate 
and expand the activities of free economic zones" 
5. Decree No. PF-6011 "On abolition of certain tax and customs benefits" 
6. Qudratov Z.G., Toshboev B.B., Yuldashev Sh.T. The role of free economic 
zones in the development of the economy of Uzbekistan // Young scientist. - Kazan, 
2014. No 4. Pp. 552– 557. 
7. http://www.stat.uz - State Statistics Committee of the Republic of Uzbekistan. 
8. 
https://www.investmentmonitor.ai/investment-monitor-events/economic-
zone-sustainable-recovery-strategies-awards-2021 
9. Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 526 
of 29.08.2020 on measures to restore economic growth and continue structural 
structural reforms in sectors and industries of the economy in 2020-2021. 

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