The first compensation certificate in Uzbekistan was awarded by the authorities for building a hotel. The company which built the 3-star Grand Hotel Sogdiana hotel was awarded the 4,080,000,000 soums worth certificate. The hotel has 102 rooms.
Note: As per the government’s Measures to create favorable conditions for further development of hospitality industry resolution, the state budget shall provide subsidies to investors for building a 3-star hotel with at least 50 rooms and a 4-star hotel with at least 100 rooms.
While, the new hotel should be commissioned before January 1, 2022.
The subsidy to investors is provided once, its size, with annual indexation in the process of approving the parameters of the state budget for the next year, is at:
- 40 million soums per room for 3-star hotels;
- 65 million soums per room for 4-star hotels.
