The leadership of Uzbekistan is pressing ahead with the ambitious development of New Tashkent, a massive satellite city project near the capital. The country's president reportedly inaugurated several completed facilities and broke ground on ten new large-scale projects valued at $2.5 billion, with participation from foreign partners including China, Turkey, and the United Arab Emirates, according to official press services.

Reports indicate that the initial phase of the New Tashkent development envisions absorbing up to $50 billion in investments. The master plan calls for 2,000 hectares of green spaces, 500 hectares of public parks, and the construction of 150 million square meters of residential and commercial real estate adhering to strict green building standards. Approximately $2 billion has already been utilized for foundational infrastructure and initial buildings.

During the recent ceremony, seven completed facilities worth a combined $1 billion were officially opened. These include the first phase of the 'Sharq Bahori' residential complex, essential transport and utility networks, a local electrical substation, a trigeneration plant built with Turkish company MIMSAN, the Chamber of Commerce and Industry building, the 'Sohil Bogi' riverside park, and a 2,000-pupil secondary school.

Furthermore, construction was officially initiated on ten additional projects backed by foreign investors. Among them is the 'Deep Tech park' industrial zone, slated to focus on semiconductor manufacturing and high-tech goods with an initial allocation of $320 million, signaling efforts to boost technological capabilities within the nascent urban center.

Source: kun.uz