The main objectives and activities of the FEZ “Angren” are as follows: - to create an enabling environment to attract primarily direct investments in order to set up and efficiently operate modern high-tech industrial enterprises, which will produce competitive and high added value goods for the domestic and world markets; - to ensure an integrated and efficient use of resources of the region within the free economic zone, to create new enterprises in the field of advanced processing of raw mineral resources; - to enhance the localization processes in regards to production of high-tech products based on local raw materials by establishing strong cooperation ties and developing industrial cooperation between enterprises within the free economic zone and the republic as a whole; - to promote development and efficient use of transport, engineering, communications and social infrastructure; to advance further development and intensive use of the capacity of the Logistics Center “Angren” and the established system of road and container cargo transportation.
Description
FEZ Angren was established in April 2012 and was renamed into the Free Economic Zone Angren in October 2016. Foreign investments of $163.1 million were attracted from countries such as China, Korea, Austria, Singapore, Russia, Great Britain, Bulgaria etc.