Tashkent, Uzbekistan (UzDaily.com) — Three large-scale investment projects in residential construction are set to be implemented in Tashkent, as revealed in a presentation aired on “Uzbekistan 24” during an interview with the city’s mayor, Shavkat Umurzakov.

These projects aim not only to transform the city’s architectural landscape but also to contribute significantly to the development of urban infrastructure.

The first project, proposed by the company Xamkar Inshaat, is valued at US$180 million and envisions the development of a residential complex on a 4-hectare site. The project includes the construction of 10 multi-storey buildings with 1,371 apartments designed to house around 5,486 residents. Nearly half of the territory—1.13 hectares—will be landscaped, while an additional 6 hectares will be allocated for service and public facilities, including a kindergarten for 540 children, a school for 1,200 students, and more than 300 jobs.

The project has already passed all required expert reviews, including seismic assessment (for 8-magnitude activity), sanitation and epidemiology, hydrogeology, and approval from the Ministry of Emergency Situations. Substantial investments have been allocated for connection to utility networks: 2.7 billion soums for electricity supply, 6.3 billion for substation construction, 59 billion for heating, and 1.7 billion for water supply and sewage. The project does not include gas infrastructure.

Xamkar Inshaat, registered in Tashkent in February 2021, is jointly owned by Cyprus-based Himend Limited and entrepreneur Mirziyat Karimjanov, who is involved in several other projects in the construction and agro-industrial sectors. In 2022, the company acquired the building of the State Committee on Geology and the adjacent 1.3-hectare plot for 124.7 billion soums. Previously, in 2021, it had purchased the neighboring complex of the Research Institute of Mineral Resources. According to the presentation, the new residential complex, with buildings up to 30 storeys high, will be built on the site of the former Geology Committee on Taras Shevchenko Street, near the “Ming Urik” metro station. However, as reported by Gazeta, the current master plan only permits buildings up to five storeys in this area.

The second project is led by the joint-stock company Foton and is valued at US$175 million. Its standout feature is an architectural design comprising two towers connected by a circular structure, to be built on a compact 0.9-hectare site. One of the towers will rise to 53 storeys—far exceeding the maximum of 25 floors allowed by the master plan.

The development will include 1,500 apartments, accommodating up to 6,000 residents. All necessary construction permits have been obtained. The complex will be located on Islam Karimov Street, on the grounds of the former Foton plant, which was privatized in 2024 by agro-industrial group Havvo Group for 151 billion soums. The new facility will be situated close to key institutions, including Uzavtosanoat, the Central Bank, Infinbank, and the Agency for the Protection and Use of Cultural Heritage.

The third project, initiated in cooperation with the Tashkent city administration, will be implemented by Tashkent Invest. It will span 10.6 hectares and feature 2,304 apartments, expected to house around 9,216 people. Preliminary investment volume is estimated at US$461 million. The design includes the development of 1.2 hectares of green space, even though residential buildings will reach up to 30 storeys—despite the fact that the general plan for this area allows a maximum of nine storeys.

This new residential complex will be located on Beshagach Street, near Magic City, at the intersection of Beshagach and Furkat streets. The site has long been considered a promising area for development. Previously, Turkish holding Albayrak had proposed constructing a major business center on the site of the former Beshagach market in discussions with the Chilanzar district administration.

Despite exceeding the height limits stipulated by the city’s master plan, all three projects have received the green light and appear to be part of a broader transformation of Tashkent’s housing stock and surrounding infrastructure.