A Pakistani company intends to build housing and entertainment centers in New Tashkent
Pakistan's Vision Group of companies plans to implement a major investment project in New Tashkent, encompassing residential buildings, parks, as well as shopping and entertainment centers. To present the project and discuss the construction terms, an agreement was reached to organize a visit of the company's working group to Uzbekistan.
Pakistan's Vision Group plans to build residential properties and entertainment centers in New Tashkent. According to the "Dunyo" Information Agency, these issues were discussed during negotiations between the Ambassador of Uzbekistan to Pakistan, Alisher Tukhtaev, and the leadership of the Vision Group.
During the meeting, the company representatives were provided with detailed information about the New Tashkent project, as well as the benefits and preferences created for foreign investors investing in the construction sector.
The Pakistani side was informed that the government is allocating significant funds for the construction of infrastructure and key social facilities in the new city, with more than $2 billion invested to date.
It was also emphasized that a total of 20 thousand hectares of land have been allocated for New Tashkent, with plans to implement projects worth $50 billion on an area of 6 thousand hectares in the first phase.
Vision Group representatives stated that they view New Tashkent as an attractive and promising investment destination.
The project proposed by the company encompasses modern residential buildings, parks, promenades, fountains, catering facilities, as well as shopping and entertainment centers. Creating social and service infrastructure for residents and foreign guests is also planned.
At the conclusion of the negotiations, an agreement was reached to organize a visit of the company's working group to Uzbekistan to present this project. The report does not specify the exact value of the project or the construction timelines.
Vision Group was established in 1990 and operates in real estate development, mass media, cinema, pharmaceuticals, education, architecture, and design.
According to the agency, over the past 22 years, the group has implemented urban development and construction projects covering a total area of 2.6 thousand hectares in Pakistani cities. The company's assets are estimated at $7 billion.