Pakistani Company to visit New Tashkent to assess conditions for Investment Projects on Site

Pakistani group of companies “Zaheer Khan Brothers” (ZKB) is considering the possibility of participating in the construction and implementation of infrastructure projects within the New Tashkent city.

This matter was discussed during a meeting between the Ambassador of Uzbekistan Alisher Tukhtaev and Executive Director of “ZKB” Muhammad Kamran Saeed Khan.

Pakistani side was presented with the concept of the new city's development and information on the progress of construction. Currently, roads, engineering and communication networks, residential complexes, administrative buildings, schools, universities, parks and other infrastructure facilities are being erected there.

During the meeting, it was noted that the development of New Tashkent as an administrative, economic and business center of the country opens up long-term opportunities for foreign investors. The Pakistani entrepreneur expressed particular interest in the conditions of participation in the project, including the tax and customs incentives provided by law, which depend on the type, scale and location of the investment objects.

According to Muhammad Kamran Saeed Khan, “ZKB” possesses substantial experience in implementing infrastructure projects in Pakistan, Saudi Arabia, and other countries. Company's portfolio includes highways, bridges, flyovers, rapid transit systems, metro infrastructure, water supply and irrigation networks, social facilities, as well as real estate and urban development projects.

“Our company is interested in participating in the construction of transport and engineering networks, water supply and sewerage systems, residential and commercial complexes, administrative and social facilities in New Tashkent”, stated the Executive Director of the company.

He also emphasized that the company intends to enter the market of Uzbekistan as a full-fledged investor. According to him, the successful implementation of the first project could lay the foundation for further participation in major infrastructure initiatives in other regions of the country.

Following the negotiations, the parties agreed to organize a visit of the “ZKB” delegation to Uzbekistan. The program is planned to include meetings with representatives of the New Tashkent Directorate and relevant organizations, as well as an on-site assessment of land plots and conditions for the implementation of potential projects.