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Uzbekistan establishes Association of Property Developers

Construction Materials 3 February 2021 16:11 (UTC +04:00)
Uzbekistan establishes Association of Property Developers

BAKU, Azerbaijan, Feb. 3

By Klavdiya Romakayeva - Trend:

Ministry of Justice of Uzbekistan has registered the Association of Property Developers that will be engaged in the development of the construction sector, preparation of proposals, Trend reports with reference to the ministry.

According to the information, the main goals of the new non-governmental non-profit organization are to assist government agencies in the development of the construction sector, prepare proposals for improving legislation in this industry and protect the rights and interests of its members.

In addition, the association will introduce innovative ideas, study and implement foreign experience, as well conduct business events to improve the qualifications of construction professionals.

The chairman of the Association of Property Developers of Uzbekistan Mansurjon Niyazmuhamedov said that as a result construction companies will gradually begin to implement international rules and standards in their activities. “We express great hope that this organization will become a strong bridge between the state and developers,” he said.

It was noted that the organization's budget is formed from membership and voluntary contributions, receipts from members, grants and subsidies, as well as other sources not prohibited by law.

At the moment, developers Far Flung Invest, First Developing Group (FDG), Murad Buildings, Nazarov Rakhimbayev Group (NRG), Perspective Building (Novastroy), Power Construction Planet (Discover Invest) have already joined the Association.

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Follow the author on Twitter: @romakayeva

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