Unofficial translation
Resolution
of the Cabinet of Ministers of the Republic of Uzbekistan
On additional measures for effective conduct of the first International Investment Forum in the field of tourism in the Tashkent City from November 19 to 21, 2018
In order to create a favorable investment climate and stimulate the attraction of direct investment in the tourism sector, strengthen investor confidence in the state policy consistently implemented in this area, and increase the responsibility of government agencies in work with investors, the Cabinet of Ministers resolves:
1. To take note that the authorized ministries and departments are working on the preparation of the first International Investment Forum in the field of tourism in Tashkent from November 19 to 21, 2018 (hereinafter - the Forum).
2. To agree with the proposal of the State Committee of the Republic of Uzbekistan on Development of Tourism and the State Committee of the Republic of Uzbekistan on Investment to establish, as an exception, as part of the Forum, a separate procedure for the allocation of land plots for investment projects, providing for:
allocation to investors for specific investment obligations of the land plots for construction of tourist infrastructure without electronic auctions;
signing an investment agreement on implementation of the project when an agreement is reached between the head of the state local authority and the investor on all essential conditions, including the allocated land plot and the investment obligations to be fulfilled by the investor;
conclusion of investment agreements with the condition of depositing by the investor within 15 working days in commercial banks of the Republic of Uzbekistan the funds in the amount of 25 percent or provision of a performance bond obligations in the amount of 5 percent of the amount of the investment agreement;
approval by the Council of Ministers of the Republic of Karakalpakstan, the khokimiyats of the regions and the Tashkent City of the decision on allocation of a land plot for implementation of an investment project within five days from the date the investor deposited money or issued a guarantee for the fulfillment of financial obligations.
3. The Council of Ministers of the Republic of Karakalpakstan, khokimiyats of regions and the Tashkent City, within two days, shall prepare the presentation materials of investment projects for each land plot offered to foreign investors on a turnkey basis in English and Russian.
4. The State Committee of the Republic of Uzbekistan on Development of Tourism, together with the State Committee of the Republic of Uzbekistan on Investment and the Ministry of Foreign Affairs of the Republic of Uzbekistan, shall ensure, within three days, that the presentation materials are sent to potential investors - participants of the Forum for preliminary consideration and decision-making.
5. The Ministry of Foreign Affairs of the Republic of Uzbekistan, the State Committee of the Republic of Uzbekistan on Investment, the State Committee of the Republic of Uzbekistan on Development of Tourism, together with the Chamber of Commerce and Trade of Uzbekistan, within three days, shall conduct additional targeted work on informing the potential investors - participants of the Forum on establishment of a separate procedure for granting land plots for investment projects.
6. The Council of Ministers of the Republic of Karakalpakstan, khokimiyats of the regions and the Tashkent City together with the State Committee of the Republic of Uzbekistan on Investment and the State Committee of the Republic of Uzbekistan on Development of Tourism:
within three months after the conclusion of investment agreements, jointly with investors, shall develop, approve and submit to the Cabinet of Ministers of the Republic of Uzbekistan the network schedules for implementation of investment projects;
shall provide the monitoring and practical assistance to investors in the implementation of investment projects in a timely manner.
7. Control over the implementation of the present Resolution is to be entrusted to the First Deputy Prime Minister of the Republic of Uzbekistan - Chairman of the Board of Uzbekistan Temir Yollari JSC A.Zh. Ramatov, Deputy Prime Minister - Chairman of the State Committee of the Republic of Uzbekistan on Investment S.R. Kholmuradov and Deputy Prime Minister of the Republic of Uzbekistan A. A. Abdukhakimov.
Prime Minister of the Republic of Uzbekistan A. ARIPOV
Tashkent city,
November 15, 2018
№ 931