A Vietnamese investor has presented four urban development concepts in Uzbekistan, covering two sites in Bukhara and one project each in Tashkent’s Uchtepa district and Samarkand. Together, the projects span 285 hectares and represent an estimated investment of $4.5 billion, with planned facilities designed to accommodate approximately 115,000 residents.
Large-scale residential and mixed-use development
Construction has begun on new residential districts in Bukhara Region, covering 65 hectares, and in the city of Bukhara, where the project occupies 25 hectares. The developments are planned to include high-rise housing for around 30,000 people, alongside hotels, business centres, retail facilities, service businesses and leisure venues.
The Uchtepa project is focused on creating a modern urban environment in Tashkent. In Samarkand, the proposed development is intended to strengthen infrastructure around an existing tourism complex, linking new urban facilities with the city’s established visitor economy.
Potential industrial zone in Jizzakh Region
In addition to the four urban projects, the Vietnamese investor proposed establishing an industrial zone in Zaamin District of Jizzakh Region. The proposal adds a manufacturing and investment dimension to the company’s planned presence in Uzbekistan, although the initial information does not specify the zone’s expected tenants, profile or implementation timeline.
The concepts received approval, with officials stressing the need to apply advanced urban-planning solutions. The parties were instructed to work jointly on the infrastructure required for the developments and to define practical mechanisms for putting the projects into effect.
For international companies in furniture, construction, interior and exterior manufacturing, architecture, design, hospitality and urban services, the projects could open a substantial pipeline of opportunities in Uzbekistan. Residential districts, hotels, business centres, retail space and leisure facilities are likely to require coordinated international expertise, materials, fit-out solutions and supply-chain partnerships. At the same time, the scale of the plans means that infrastructure readiness, project execution and the final investment framework will be important factors in assessing market entry prospects.
