Uzbekistan is preparing a new chapter in the development of its capital, with plans to build Bektemir Business City in the Bektemir district of Tashkent — a large mixed use urban hub designed to attract investment, create high income jobs and unlock more efficient use of city land.
New business cluster on the edge of Tashkent
The future Bektemir Business City is planned on territories along Bektemir Avenue and the Tashkent Ring Road, including several local mahallas that today form the eastern fringe of the capital. The area is expected to cover several dozen hectares, transforming what is now a peripheral zone into a dense urban cluster with modern architecture, business services and comfortable residential quarters.
The concept goes beyond a classic office park. Bektemir Business City is planned as a multifunctional environment that combines residential complexes, business and service facilities, social infrastructure and entertainment venues. Such a structure is set to generate demand for construction services, building materials, transport and logistics, as well as for hospitality operators, retail chains and facility management companies targeting the growing middle class in the capital.
By placing the project along major transport corridors, the city authorities are effectively creating a new gateway into Tashkent. Easy access from the ring road and proximity to existing markets and residential areas will simplify logistics for companies that choose to base offices, showrooms, warehouses or service centers in Bektemir Business City. This is particularly important for sectors such as furniture, interior solutions, home appliances and construction supplies, which rely on fast, predictable urban distribution.
Phased development and regulatory framework
The decision to create Bektemir Business City was signed on 18 August by the mayor of Tashkent. The project is officially integrated into the broader Business City program, which focuses on modern business districts and comprehensive development of the capital. This inclusion gives the new center a clear regulatory framework and signals that it is part of a long term urban strategy rather than a one off construction initiative.
The Bektemir district administration has been instructed to carry out an inventory of all buildings and structures within the project area and, in accordance with the established procedure, to approve the boundaries of the future center. This step is crucial for investors and developers, as it clarifies land status, existing assets and legal rights, reducing uncertainties and helping to structure projects in line with the master plan.
The directorate for construction and operation of the new entrepreneurial center Olmazor Business City, operating under the Tashkent city administration, has been appointed as the customer and implementing agency for Bektemir Business City. The project will be realized in stages, which allows authorities to adjust infrastructure, utilities and transport solutions over time, while investors can phase their commitments and align new residential, office, retail, hotel and entertainment projects with market demand.
According to publicly available estimates, the overall investment volume for Bektemir Business City is expected to reach around one and a half billion US dollars, with funds directed into high rise residential buildings, business premises, service facilities and leisure infrastructure. It is planned that land plots within the project area will be distributed under a master plan, potentially through transparent electronic auctions — a mechanism that can help attract private and foreign investment by offering clearer procedures and competitive access to prime urban sites.
New demand for construction and interior solutions
Bektemir Business City adds another major urban development to the growing portfolio of Tashkent business districts and residential complexes. For construction companies, architectural bureaus and engineering firms, it opens a pipeline of work related to high density housing, commercial buildings, public spaces and transport infrastructure. For producers and distributors of finishing materials, flooring, lighting, facade systems and home equipment, the project promises a multi year demand for modern, energy efficient solutions.
The mixed use character of the project will also stimulate growth in hospitality, retail and entertainment formats. Hotels, serviced apartments, cafes, restaurants, shopping galleries and recreational facilities will require contemporary interior design, custom furniture, decor and outdoor landscaping. This creates room in the market for international brands and regional manufacturers to introduce new concepts, from flexible office furniture and modular kitchen systems to urban street furniture and landscape architecture adapted to the local climate.
For international companies in furniture, construction, interior and exterior manufacturing, trade, design and architecture, Bektemir Business City is a signal that Tashkent and Uzbekistan are expanding their urban business infrastructure and are ready to host complex, investment intensive projects. The clear role of the municipal directorate, the focus on high income jobs and the intention to use land more efficiently all suggest a more structured, predictable environment for long term participation — whether through direct investment, joint ventures with local partners, or by supplying products and design services to the many buildings and spaces that will emerge in this new district.
