Tashkent, Uzbekistan Invests 1.4 Trillion Soums in Riverside Business City
2026-06-17 10:37
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en.Wedoany.com Reported - The government of Tashkent, the capital of Uzbekistan, officially unveiled the conceptual plan for the large-scale urban development project "Daryo bo‘yi Business City" in the Bektemir district on June 15, 2026. The total project cost is estimated at 1.416 trillion soums (approximately $112 million), covering a planned area of 958.7 hectares. The project aims to comprehensively develop a 24-kilometer stretch along the Chirchik River, constructing residential, commercial, recreational, and green spaces to promote waterfront development and improve the urban ecological environment.

According to the plan, the entire area will be divided into four functional zones: "River City" and "Lake City," each 3 kilometers long, and "Villa City" and "Tech City," each 5 kilometers long. Of the total project area, approximately 307 hectares will be open to private investors. The first phase will prioritize the construction of "Tech City," covering 144.3 hectares, with 40 hectares designated for investor use. In this zone, industrial facilities, commercial areas, and green spaces are each planned for 15 hectares, while residential and social infrastructure each account for 10 hectares. Additionally, 15 kilometers of roads, as well as pedestrian and bicycle paths, will be built. The estimated cost of "Tech City" is 390 billion soums, with 187.4 billion soums already invested, requiring an additional 168 billion soums to complete construction.

The project also specifically discussed plans for 12 artificial water bodies, covering a total water area of 108 hectares with a total storage capacity of 2.3 million cubic meters. The Tashkent city government noted that the project aims to promote waterfront development, create new recreational areas for residents and tourists, and improve transportation accessibility and the ecological environment. It is expected to also boost the service, tourism, commercial, and entrepreneurial sectors. Following the project presentation, the Tashkent city government instructed relevant officials to further optimize the construction plan, fully considering resident comfort, project safety, ecological sustainability, and economic benefits.

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