ANALYSIS OF FREE ECONOMIC ZONES IN UZBEKISTAN

Abstract

This research analyzes the activity of free economic zones (FEZs) in Uzbekistan, focusing on data from 2023 and projections for 2024. The study highlights the strategic importance of FEZs in fostering economic growth, attracting foreign direct investment (FDI), and enhancing export capabilities within the country. In 2023, Uzbekistan’s government implemented several reforms aimed at improving the regulatory framework governing FEZs, resulting in a significant increase in investment inflows by approximately 25% compared to the previous year. Key sectors benefiting from these zones include textiles, agriculture, and information technology, with notable projects emerging in regions such as Tashkent and Samarkand. The analysis also examines challenges faced by these zones, including infrastructure limitations and bureaucratic hurdles that may hinder their full potential. Projections for 2024 indicate continued growth in FEZ activities, driven by ongoing governmental support and international partnerships aimed at diversifying the economy and enhancing competitiveness on a global scale.