PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606861

Primary Business Area

Other

Disclosure Date

Aug 9, 2023

Country

Uzbekistan

Region

Central Asia and Turkiye

IFC Approval Date

May 4, 2023

Status

Active

Estimated Total Budget

$890,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Aug 15, 2023

Project Estimated Start Date

Apr 30, 2023

Project Estimated End Date

Jun 30, 2026

Project Description

The objective is reform Special Economic Zone regulatory and institutional set-up and attract private sector investments. This will be achieved by assisting GoU in: a) the adoption of new SEZ law and implementing regulations to allow private sector developers/operators to build and operate SEZs, b) the assistance in capacity building of SEZ Authority, c) the assistance in conducting pre-feasibility studies for 2 SEZs, and d) in enabling downstream private SEZ investments through investor outreach. It is reasonably expected that once the above is in place, it will allow attracting at least one private SEZ Developer/Operator licensed under the new SEZ regime by project closure. The Project is expected to generate two years post completion USD 400 million in private sector investments (including IFC) in SEZs (including potentially private green investments).

Development Results

E&S Risks / Impacts and Mitigation