The key facts
- Uzbekistan's ambassador discussed attracting Pakistani investment into New Tashkent with Metrocon's founder
- The company was offered projects covering roads, bridges, water supply, housing and retail facilities
- The investment amount and start dates for the work have not yet been announced
Talks on Pakistani investment in New Tashkent
Uzbekistan's Ambassador to Pakistan Alisher Toqhtayev held a meeting with Metrocon construction company founder Abdul Qadir, the Dunyo agency reported on November 11. The talks covered attracting Pakistani investment into the New Tashkent construction project and expanding cooperation in the construction sector.
What was offered to the company
The ambassador briefed the investor on the conditions available to foreign investors, the mechanisms for allocating land plots, the procedure for implementing investment projects and the current incentives. Metrocon was invited to carry out projects in New Tashkent in several areas: construction of roads and bridges, development of modern transport infrastructure, creation of water supply and sewerage networks, building residential complexes and hotels, as well as establishing retail and commercial facilities.
Interest and the next step
Abdul Qadir expressed interest in taking part in such a strategically significant large-scale project and, according to him, Metrocon will study cooperation opportunities in detail and present concrete investment and practical proposals to the Uzbek side. Following the talks, the parties agreed to arrange a visit by a delegation of the Pakistani company to Uzbekistan: the trip is expected to include meetings with the leadership of the relevant ministries and agencies, as well as the directorate for the construction of New Tashkent. Neither the specific volume of the company's investment nor the timeline for the start of construction work has been announced — in other words, what has been reached so far is interest and plans, not signed commitments.
