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Urban Development in Uzbekistan: New Opportunities for Business

At the instruction of Shavkat Mirziyoyev, Tashkent plans to create a creative park for architects and designers, as well as launch a specialized university in urban planning, cadastre, and geodesy.

At the same time, the government is strengthening support for local companies to participate in international projects, whose combined portfolio already exceeds $20 billion.

What this means for the market

The new initiatives are creating a more competitive and professional environment:

  • higher project-quality requirements

  • a focus on international standards

  • a stronger role for ESG and sustainable development

  • the transition of local companies from subcontractors to general contractors

Opportunities for business

For developers and construction companies, this provides access to:

  • international financing (EBRD, IFC, and others)

  • grants and concessional instruments

  • major infrastructure projects

  • greater investment attractiveness for projects

The key condition is compliance with the requirements of international financial institutions.

Why ESG and green finance matter

Today, financing is directly linked to the extent to which a project:

  • is energy-efficient

  • takes climate risks into account

  • complies with ESG principles

  • is properly structured

Urban planning is becoming not only about design, but also about access to capital.

How HPBS can help

HPBS supports projects at every stage:

  • preparation for attracting financing

  • implementation of ESG and climate solutions

  • support for EDGE certification

  • preparation for international tenders

Contact us

If you are planning a project and want to attract financing or enhance its investment attractiveness, the HPBS team is ready to help.

Questions? Our experts will contact you.