Uzbekistan to allocate $50 million for hotel sector development

Uzbekistan plans to allocate $50 million for projects related to the construction and renovation of the hotel fund. These funds are intended for building new facilities, reconstructing existing hotels, and purchasing necessary equipment.

President Shavkat Mirziyoyev announced these measures on August 18 during an open dialogue with business representatives held in Khorezm.

These steps to strengthen the hotel infrastructure are driven by the increase in the number of foreign tourists. Since the beginning of this year, 8 million foreign guests have arrived in Uzbekistan, with their average length of stay in the country reaching eight days.

Support for Entrepreneurs and Benefits

Entrepreneurs engaged in the construction and modernization of hotels will have access to loans in national currency for up to ten years at an annual interest rate of 16%. Subsidies related to the construction of three-, four-, and five-star hotels have also been extended for two years. Provided the hotel category is confirmed, obtaining a conclusion from a foreign company will no longer be required.

Tax benefits for land and property for hotels will be extended until 2030, allowing them to pay these taxes at a rate ten times lower than the standard rate. For hotels accommodating over 50 people, banks will be authorized to independently install ATMs that accept foreign cash currency.

Furthermore, services provided by tour operators to foreign visitors will be equated to exports and exempted from VAT. Customs benefits for importing tourist buses, electric buses, and minibusses have been extended for another year, and no excise tax will be charged for these vehicles.

It was previously reported that businessmen in Uzbekistan can begin construction immediately after purchasing a land plot at auction, bypassing the lengthy process of collecting permits, which previously took six to twelve months. Land plots will now be put up for auction with a complete set of necessary materials, including the project, architectural and planning assignment, and construction permit.

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podrobno.uzAugust 5, 16:10

Uzbekistan to allocate over $460 million for livestock development

Uzbekistan authorities plan to allocate $463 million to support the livestock sector. These funds will be used to restore enterprises, increase meat and milk production, purchase breeding stock, and integrate digital technologies into the industry.

The relevant proposals were presented to President Shavkat Mirziyoyev. During the presentation, it was noted that the country's annual meat demand has reached 2.15 million tons, while current production stands at approximately 1.6 million tons. To eliminate this deficit, a livestock development program for the period 2026–2028 was developed, which provides for an increase in meat production by 190 thousand tons.

Key Areas of Livestock Support

A key aspect of the program is the restoration of 103 livestock farms. For this, the possibility of restructuring existing debt or providing installment payments for up to ten years is provided, as well as the allocation of land plots for fodder cultivation and the provision of breeding stock to these farms.

Furthermore, in thirteen specialized districts, it is planned to increase the efficiency of using 75 thousand hectares of fodder land, finance small livestock initiatives, and open new sales points for feed and milk reception. In private farms, the construction of 11 thousand light cow sheds capable of housing 421 thousand head of cattle is planned.

A separate section of the program includes the implementation of 802 investment projects totaling 3 trillion soums. These projects will create conditions for housing over 68 thousand head of cattle and 186 thousand sheep and goats, ensuring an annual increase in meat production by 20 thousand tons and milk production by 120 thousand tons.

To increase the total herd size, Uzbekistan intends to import 150 thousand sheep from Mongolia, 100 thousand head of breeding cattle from China and European countries, and two thousand head of livestock from Belarus. This import is expected to lead to an additional meat production of about 44 thousand tons annually.

As part of the industry modernization, the Smart Fermer digital platform was presented. This system will allow farmers to identify animals, call veterinary specialists, receive advice on feeding and artificial insemination, and apply for subsidies and use AI-based advice.

Poultry Farming Development and Presidential Directives

Significant attention is being paid to the poultry sector. Projects worth $432 million are planned until 2028, which will allow for an increase in poultry meat output by 100 thousand tons, expand feed production capacity to 3.3 million tons, and improve modern slaughtering systems.

Following the presentation, the president instructed an analysis of the economic efficiency of all presented projects, guaranteed the targeted spending of allocated funds, and mandated the implementation of digital systems for monitoring and accounting.

It was previously reported that Uzbek authorities extended tax benefits for air transport of meat until the end of the current year, which were introduced in the spring to stabilize prices in the domestic market.