Construction of Residential and Commercial Properties in New Tashkent Discussed with Head of Pakistani Company

Uzbekistan’s Ambassador Alisher Tukhtaev held a meeting with Arif Habib, founder and Chief Executive Officer of Arif Habib Group, one of Pakistan’s largest business groups.

At the beginning of the meeting, the Pakistani side was provided with detailed information about the main objectives behind the establishment of New Tashkent, the projects planned for implementation in the city, and the favorable conditions created for foreign investors.

The two sides then discussed opportunities for implementing investment projects in Uzbekistan, particularly in New Tashkent, with the participation of Arif Habib Group.

In particular, the Pakistani investor was invited to explore opportunities to develop modern residential complexes, business and office centers, commercial and service facilities, and other real estate projects in New Tashkent.

The head of the company highly praised Uzbekistan’s investment potential and expressed satisfaction with the prospects for expanding cooperation with the country. He also emphasized the company’s readiness to explore promising real estate and construction projects in New Tashkent.

“Arif Habib Group has extensive experience in implementing major construction and real estate projects in Pakistani cities such as Karachi, Lahore, and Islamabad,” Arif Habib noted. “We are therefore ready to consider investment proposals aimed at developing residential, office, and commercial properties in New Tashkent. At the initial stage, we plan to conduct feasibility studies of projects in the construction and real estate sectors and, based on the findings, identify a priority investment project.”

Following the negotiations, the parties agreed to arrange a meeting with the management of the New Tashkent Directorate to determine the next steps toward implementing the investment project discussed.

Arif Habib Group is one of Pakistan’s largest business groups, operating in such sectors as capital markets and securities, investment banking and financial services, the production of mineral fertilizers, cement and construction materials, as well as real estate and property development.