Free Industrial Economic Zone “Navoi”

1. Free Industrial Economic Zone “Navoi” Enhanced arena for foreign business success in the region Djasur Tadjiev Head of Department for attraction of foreign investments Ministry for Foreign Economic Relations, Investments and Trade Republic of Uzbekistan

2. Creation • FIEZ “Navoi” was created by the Decree of the President of the Republic of Uzbekistan on December 2, 2008. • Established near Navoi city administrative centre of Navoi region • The concept is based on the synergy of its 4 blocks or hubs: - industrial - logistic - innovation - touristic, cultural & recreational

3. Profile Electro technical products Telecommunication equipment Machinery, equipment and components Pharmaceuticals and medical goods Foodprocessing and packaging Plastics goods and polymers

4. Location • Territory - 564 ha • Capitals of 10 states with 100 million people within a radius of 2 thousand km from FIEZ

5. Access to markets

6. Competitiveness edges

7. Transport infrastructure Notation Conventions Existing railways Existing highways Approach line to gasoline storage Approach line to air terminal Approach line to FIEZ “Navoi”

8. Notations: Production site Logistic center Service facilities Administrative and finance zone Public centers, park zones Automobile roads Approach railway line Parking TIR - park Area: 564.0 ha Perimeter: 9,600 m FIEZ Layout

9. Life environment Area of public centers and park zones in the FIEZ: 35 ha Area for residential and recreational area outside the FIEZ: 100 ha Development of vacant territories in the FIEZ “Navoi” area

10. Unprecedented tax exemptions Depending on the amount of direct investments FIEZ residents are exempted from: • Land tax • Property tax • Profit (income) tax • Unified tax (for SMEs) • Obligatory payments to the Republican Road Fund • Republican Fund of Elementary and Secondary Education

11. Unprecedented tax exemptions Period of privileges and incentives: • 7 years, if amount of direct investments is 3-10 mln. Euro • 10 years, if amount of direct investments is 10-30 mln. Euro, and 50% reduction of profit tax for the following 5 years • 15 years, if amount of direct investments is more than 30 mln. Euro, and 50% reduction of profit tax for the following 10 years

12. Unprecedented customs exemptions Registered enterprises for the whole period of FIEZ functioning to produce export goods are exempted from customs duties for imported: • Equipment • Raw materials • Productioncomponents

13. Establishment progress • Ready to allocate new projects • Regulatory legal basis adopted • Administrative governance system set • External infrastructure facilities ready • Internal infrastructure facilities being finished

14. FDI inflow prospects Y. 2009 FIEZ “Navoi” has already started to attract investments. As results of March 5, 2009 conference in Seoul and other events regarding investing in FIEZ “Navoi” 20 projects are already under the process of realization. • energy-efficient lamps • pharmaceuticals • home appliances • technical silicon • equipment for gasoline engines • OEM components for cars • automobile wires

15. Foreign investments inflow up to USD 5.5 bln. (100 - 120 projects) Production outlook: USD 7.5 - 8 bln. Export: up to USD 5.0 bln. FDI inflow prospects

16. We invite companies for realization of investment projects in FIEZ Navoi.And also for partnership in establishment and general management of FIEZ Navoi.

17. Tashkent September 2009 Thank you for attention!