Baku, Azerbaijan, Sept. 28
By Fikret Dolukhanov – Trend:
Investors of the biggest urban development project in Uzbekistan – the Tashkent City International Business Center (IBC) are 12 companies, three of which are foreign, the directorate of the IBC told Trend on Sept. 28.
According to the information, the foreign investors of the project are the German company Hyper Partners, the British Corso Solutions and the South Korean Bomi Engineering & Construction.
Local investors of the Tashkent City are the Lotus Gaz Investment, the Universal Packing Masters (known as the Murad Buildings locally), the Akfa Dream World, the Premium Village, the Family Group, the Luxury Apartments and a number of financial institutions of the country.
The directorate of the IBC reminded that the official presentation of the Tashkent City project was held on Dec. 9, 2017 at the Hyatt Regency Hotel in Tashkent and was attended by over 200 business representatives from Uzbekistan and from abroad, financial institutions, members of the diplomatic corps, domestic and international journalists.
“In total, in almost half a year, more than 200 meetings were held with domestic and foreign entrepreneurs. Those who were ready to undertake obligations to construct the buildings in the city center according to the design and detailed planning in a short four-year period have been shortlisted. The decision on the choice of investors was made by the Administrative Council, which includes the country's prime minister, the head of the city administration and a number of ministries and departments,” Tashkent City project's representative said.
All investors have been approved by the Administrative Council of the directorate of the IBC on a competitive basis.
The directorate of the Tashkent City underlined that as of today, all construction schedules are observed by investors in the established order.
Work on the Tashkent City project has been going on for over a year. The implementation of the project is monitored personally by President of Uzbekistan Shavkat Mirziyoyev, as well as international experts in order to assess economic viability of the mega-project, its effectiveness, and transparency of the processes.
Well-known companies from Germany, Japan, South Korea and the UK are engaged in the implementation of a large-scale urban development project Tashkent City in the capital of Uzbekistan.
The project is implemented exclusively at the expense of financial injections of domestic and foreign investors, as stipulated in the relevant resolution of the Cabinet of Ministers dated July 28, 2017.
The urban planning documentation, architectural concept and engineering design are also developed at the expense of own funds of foreign and local investors, according to the same legal act.
The whole project territory is divided into eight separate land plots – tender lots, each of which has different stages of completion of work until the end of 2021 and individual investors.
The Tashkent City IBC will include a 200-meters-high skyscraper (Japanese Nihon Sekkei, French Bureau Veritas and DP Architects of Singapore), which will have A+ class business centers and a five-star Ritz Carlton hotel; a European boulevard with elements of national architecture (Turkish Uzguven Mimarlik and Muhendis); the five-star twenty-story Hilton hotel and other facilities.
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