Pakistani Investors visit Uzbekistan to discuss participation in the implementation of projects in New Tashkent

Pakistani conglomerate «Vision Group» is exploring opportunities for implementing investment projects in the under-construction New Tashkent city, including residential complexes, hotels, business centers, and commercial facilities.

Assisted by the Embassy of Uzbekistan, a delegation led by the Vice Chairman of “Vision Group” Abdul Rehman Khan visited the country on November 2–4th.

During the business mission, company representatives held talks at the Ministry of Investment, Industry and Trade of Uzbekistan. The parties discussed the general concept of the potential projects, their preliminary scale, financing mechanisms and the legal and organizational conditions for implementation.

Particular attention was paid to the construction of residential complexes, hotels, office and commercial facilities, as well as prospects for establishing a real estate development company in Uzbekistan.

Pakistani delegation also visited the New Tashkent City Construction Directorate, where they became acquainted with prospective investment sites and conditions for investors.

Meeting covered the location of land plots, conditions for their usage, auction participation procedures, technical construction parameters, connection to engineering utilities and urban planning requirements.

Pakistani side expressed interest in implementing multifunctional projects that integrate modern residential complexes, hotels, business centers, commercial and service facilities.

Following the negotiations, parties agreed to tentatively develop concepts for specific projects, architectural designs, determine land plot requirements and prepare preliminary financial calculations. Subsequently, a follow-up visit by the management of “Vision Group” to Tashkent is planned to continue the discussions.

“We held productive negotiations regarding our participation in this mega-project. Our task now is to transition to practical actions in cooperation with our Uzbek partners as soon as possible”, noted Abdul Rehman Khan. He also stated that “Vision Group” possesses extensive experience in executing several large-scale projects in Pakistan.

As a reminder, on October 14th, Ambassador of Uzbekistan Alisher Tukhtaev held talks with the management of the “Vision Group” group of companies, during which the prospects for cooperation and the participation of Pakistani business in projects in Uzbekistan were discussed.