"New Tashkent" will create a favorable and modern environment for more than 1 million residents

A panel session titled "New Tashkent: investments in the development of the capital city" was held as part of the Tashkent International Investment Forum.

Cities around the world are facing challenges related to population growth and economic development. Rapid economic growth requires additional labor resources, which leads to outpacing population growth. For Tashkent, the first step towards entering global markets was the Tashkent City project, which demonstrated the city's ability to manage complex development projects. The next step was the New Tashkent project, designed to create a favorable and modern environment for more than 1 million residents.

During the panel session, experts discussed how to ensure synergy between New Tashkent and the old city, prevent resource drain and promote international investment and expertise in Uzbekistan.

Davronjon Adilov, Deputy Minister of Construction and Housing and Communal Services of Uzbekistan, emphasized the importance of new projects for the region:

"Tashkent is turning into the largest city in Central Asia with developed infrastructure for business, media and science. We plan to plant 200,000 trees and build 7 bridges, which will significantly improve the urban environment."

Sharof Rakhmanov, Deputy Mayor of Tashkent City, spoke about the growth of foreign investment:

"Since 2017, the volume of foreign direct investment has tripled, which indicates the creation of favorable conditions for entrepreneurs. To date, more than 1,000 investment projects worth $10 billion are being implemented in Tashkent."

Rustam Kadyrov, Deputy Chairman of Tashkent Invest JSC, drew attention to bureaucratic obstacles:

"We are actively working on reducing the level of bureaucracy to simplify the process of investing in Uzbekistan. Our goal is to create a 'single window' for the convenience of foreign investors."

The session emphasized the importance of integrating New Tashkent with the historical part of the city, as well as the need to preserve resources and attract international expertise for the sustainable development of Uzbekistan's capital.