Uzbek Government Launches Subsidy Program for Modern Swimming Pool Projects
Entrepreneurs can receive up to 50% reimbursement on construction costs for new swimming pools under a state subsidy initiative valid through 2028.
In a strategic move to boost tourism and sports infrastructure, the Uzbek government has approved an administrative regulation providing financial subsidies for the construction and commissioning of modern swimming pools. This initiative targets entrepreneurs planning to develop contemporary aquatic facilities, offering fiscal support to stimulate investment and regional development.
Details of the Subsidy Program
The newly adopted regulation entitled “Provision of State Services for Reimbursement of Expenses Related to the Construction and Commissioning of New Modern Swimming Pools” allows eligible entrepreneurs to recover up to 50% of their construction and operational launch expenses. However, the maximum subsidy amount is capped at 100 million Uzbek soms.
The program is designed to support the first 100 modern swimming pools commissioned between February 1, 2026, and January 1, 2028. Entrepreneurs must submit applications through the State Services Center or the Unified Interactive Public Services Portal (YaIDXP) to the Tourism Committee.
Following the submission, the Tourism Committee evaluates the expense reimbursement requests and, within 10 business days, transfers the approved subsidy funds directly to the applicant’s bank account.
“Modern swimming pools not only promote a healthy lifestyle but also enhance regional tourism and sports infrastructure, create new jobs, and offer promising business opportunities,” government officials noted.
This support mechanism reflects the government’s recognition of swimming pools as a viable commercial sector with potential for sustained economic impact.
Financial and Economic Implications
From a financial reporting perspective, entrepreneurs investing in swimming pool projects will benefit from a significant reduction in upfront capital expenditure due to the subsidy. This will positively influence project cash flows, potentially improve balance sheets by reducing financed amounts, and enhance return on investment metrics.
The subsidy program can also attract increased private sector participation in regional infrastructure projects, broadening the economic base and diversifying income streams.
Investors should monitor the application process timelines and compliance requirements closely to ensure timely receipt of subsidies and alignment with regulatory standards.
Overall, this initiative exemplifies Uzbekistan’s efforts to leverage state-backed financial incentives to develop tourism and sports sectors, thereby contributing to sustainable economic growth and job creation.
