Vietnamese investment group ROX Group is entering a new phase of partnership with Uzbekistan, with large-scale projects planned in real estate, energy, financial services and tourism across the country[6][7][14].
The company’s founder An Tuan Chan met President of Uzbekistan Shavkat Mirziyoyev on 11 September, where both sides confirmed their interest in using ROX Group’s capital and expertise to upgrade modern urban and industrial infrastructure, expand renewable energy, strengthen the financial sector and develop tourism assets in Uzbekistan[7][14].
ROX Group — a multi-profile investment group established in Vietnam in 1996 — already operates in real estate, energy, banking, hospitality and services, and now sees Central Asia, and Uzbekistan in particular, as a promising market for long-term, diversified projects[6][7].
Strategic roadmap for investment cooperation
Following the Tashkent talks, Uzbekistan and ROX Group agreed to accelerate both ongoing and new investment projects through a detailed roadmap that will coordinate government agencies, regional authorities and the investor around clear deadlines and responsibilities[12][14].
The roadmap focuses on transforming urban and industrial infrastructure, reinforcing energy supply, and expanding tourism capacity, with the aim of creating new construction sites, industrial parks, hotel complexes and service clusters in different parts of Uzbekistan[6][12][14].
In parallel with the capital city projects, ROX Group is considering major developments in regions such as Bukhara, Samarkand and Jizzakh, where regional administrations are offering large land plots for integrated districts combining housing, hospitality, leisure spaces and social infrastructure[1][2][3].
Uchtepa city as a flagship urban project in Tashkent
One of the most visible initiatives is the planned Uchtepa City complex in the capital, to be developed on a 37-hectare site in Tashkent’s Uchtepa district as a mixed-use urban quarter[6][8][9].
According to Tashkent’s deputy hokim Sharof Rakhmanov, cooperation with ROX Group in the capital will concentrate on two key directions — construction and finance — turning Uchtepa City into a model project that links physical development with modern financial instruments[6].
The Uchtepa City concept envisages business and entertainment centres, residential blocks, hospitality facilities and public spaces, forming an integrated hub that can attract residents, tourists and service providers while reshaping the western part of Tashkent[8][9].
Such a project is expected to stimulate demand for construction services, building materials, urban infrastructure solutions and professional management, while also setting new standards for planned urban expansion in Uzbekistan’s fast-growing capital[1][9].
Energy, finance and industrial infrastructure in focus
Beyond real estate, ROX Group plans to invest in energy and financial services, including residential and commercial property, hotels, industrial parks, power generation assets — with a strong emphasis on renewable projects — and banking solutions supporting both its own developments and local businesses[6][11][14].
Uzbekistan is preparing to back these projects with regulatory support, from streamlining approvals and land allocation to using mechanisms such as industrial mortgage schemes and tailored financial instruments to attract international investors into new industrial zones and urban complexes[2][12][14].
As projects roll out across the regions, they are likely to require modern logistics, construction supply chains and engineering capabilities, reinforcing Uzbekistan’s position as a key emerging market for complex urban and industrial development in Central Asia[1][2][3].
Why this matters for international furniture and design businesses
For international companies in furniture, construction, interior and exterior manufacturing, trade, design and architecture, ROX Group’s expansion in Uzbekistan opens a substantial pipeline of new housing, hotel and mixed-use projects that will require high-quality fit-out, furnishings and design solutions[1][6][9].
Participation in these developments — whether as suppliers, contractors or co-investors — can give foreign brands early access to a transforming market where modern urban districts, tourism complexes and industrial hubs are being built almost from scratch, shaping Uzbekistan’s future business landscape and long-term demand for sophisticated interiors and construction expertise[2][3][14].
