Karakalpakstan will introduce a simplified land distribution system. This was announced at a meeting held in the Kegeli district on August 19 under the chairmanship of Shavkat Mirziyoyev. Be informed.

It is noteworthy that the land is provided directly by decision of the Council of Ministers of Karakalpakstan on the condition of investment of USD 1 million in Nukus and USD 300,000 in other regions. The right to direct allocation of land for implementation of investment projects has been introduced only in Karakalpakstan.

If the land is directly provided for small investments, investors can provide employment opportunities for at least 2,000 people in the city of Nukus, the district center and along the roadsides. The head of state approved the proposal to directly allocate land for such small and medium-sized projects.

Overall, 120 promising projects worth $9.5 billion are reportedly ready for implementation in Karakalpakstan.

A large investment forum is planned to be held in Karakalpakstan in September. Officials are instructed to make adequate preparations for the forum.

$100 million has been allocated for industrial projects in Karakalpakstan until 2023. In the city of Nukus, the first project with an area of ​​35,000 square meters is being launched, which will be provided to entrepreneurs in the form of industrial mortgage loans. Another such facility will be commissioned within a month.

The president promoted this experience to officials, and at the end of the year a modern technology park was established in the Nukus Free Economic Zone. SubmittedIn this case, a ready-made commercial building is constructed and leased to the entrepreneur for 10 years.

An additional $100 million will be allocated for industrial development in Karakalpakstan.

In 2021, the government will have the power to directly allocate land through presidential decree CancelledFurthermore, any use, reservation, annexation, gift of improvements or other disposal of the land by the owner shall be void.