Updates will document project milestones, partnerships and developments across our markets.
According to Spot.uz, a mobile data center previously owned by Turkiston Bank has been put up for sale through the E-auksion platform. The asset is being sold following a decision made by the bank creditors meeting in late October. Turkiston Bank went bankrupt in October 2022, and the economic court declared the credit institution bankrupt in February 2023.
According to Gazeta.uz, the 500 kV Koltsevaya substation was put into operation in Tashkent Region on 7 November. The facility will improve the reliability of power supply to the capital and parts of Tashkent Region, as well as more optimally distribute the load on existing electrical networks. The total cost of the project, implemented with the participation of the World Bank, amounted to 171.4 million US dollars, according to the press service of the Ministry of Energy of Uzbekistan.
According to Podrobno.uz, AD Ports Group and HYT Capital have created a joint venture to expand export opportunities for Uzbek enterprises, reduce logistics costs, and develop Uzbekistan as a regional trade and logistics hub. The priorities of the partnership include developing a national digital trade platform, expanding international transport corridors, and building infrastructure to consolidate, store, process, and distribute cargo.
According to The National, CNTXT AI is establishing several robotics-data facilities in the UAE, with at least one centre scheduled to begin operations in November. The initiative is part of the company's broader plans to invest up to $50 million in robotics hardware, distribution, and facilities across the Middle East and the United States.
According to Spot.uz, the State Assets Management Agency has reported on the privatisation process for the aircraft refueling complex at Tashkent airport. The acceptance of expressions of interest started on 22 September, with Ernst & Young acting as the international consultant. By the end of the day on 23 October, the consultant received applications from five investors.
According to Spot.uz, ADM Jizzakh is working to organize the production of electric and hybrid vehicles. The carmaker has signed an agreement with South Korea's DK&G Co for the industrial outfitting of a new full-cycle manufacturing facility. The investment in the workshop will amount to $100 million.
According to Gazeta.uz, the World Bank Board of Executive Directors has approved a 100 million dollar loan to improve the efficiency and reliability of the electricity distribution system in Uzbekistan. The Modernization of Electricity Distribution Systems program will be implemented by National Electric Grids of Uzbekistan, financing the upgrade and digitalization of 60 key substations across the country.
According to Gazeta.uz, the Ministry of Health of Uzbekistan has signed a contract with South Korean firm AUM & LEE Architects & Associates for consulting services on the National Cancer Center construction project in Tashkent. The agreement followed a meeting between Minister of Health Eldor Adilov and the company's Vice President Lee Won-seok.
According to Spot.uz, President Shavkat Mirziyoyev outlined several development plans during a meeting on the socio-economic growth of Kashkadarya region. The plans include establishing 6 industrial clusters in Guzar, Shurtan, Mubarek, Dehkanabad, and Nishan by the end of the year. In addition, branches of the Kashkadarya free economic zone will be established in Shurtan, Mubarek, Yakkabag, and Kasan districts, with 250 billion sums allocated for initial infrastructure.
According to The Times of Central Asia, Japan is assessing greater use of the Middle Corridor following trial shipments by Japanese companies, while Tokyo funds customs upgrades at Kazakhstan’s port of Aktau worth up to $4.5 million. The results of the trials were presented at an October 19 conference in Tokyo, evaluating delivery times, costs, customs procedures, and logistics services.
According to The Times of Central Asia, Kazakhstan and Azerbaijan have launched the first fiber-optic communications link across the Caspian seabed. Presidents Kassym-Jomart Tokayev and Ilham Aliyev inaugurated the approximately 380-kilometer cable connecting Aktau and Sumgait in Baku on October 15.
According to Spot.uz, President of Uzbekistan Shavkat Mirziyoyev reviewed presentations of urban development, educational infrastructure, and mahalla improvement projects in Tashkent on 14 October. The capital plans to comprehensively upgrade 100 mahallas in 2027 and 400 by 2030 based on the 15-minute mahalla concept, placing shops, services, schools, kindergartens, medical facilities, recreation, and sports within walking distance.
According to Gazeta.uz, a 49.07% state stake in the charter capital of the UzXCMG joint venture in Urgench, Khorezm region, has been listed for electronic auction on E-auksion. The starting price for the state package is set at 140.53 billion soums, with a deposit requirement of 4.22 billion soums, representing 3% of the initial value. The bidding is scheduled for 19 October at 10:00, with applications accepted until 9:00 on the same day.
According to Gazeta.uz, the Asian Infrastructure Investment Bank has secured a 1 million dollar grant for the first phase of the feasibility study for the Caspian Green Energy Corridor project, which is planned to connect the power systems of Uzbekistan, Kazakhstan, and Azerbaijan. The funding is provided by the Multilateral Cooperation Center for Development Finance Finance Facility under an agreement signed with the government of Azerbaijan.
According to The National, Abu Dhabi sovereign wealth fund Mubadala Investment Company plans to maintain an annual investment of $39 billion with a focus on Asia. Chief financial officer Carlos Obeid told the Milken Institute Asia Summit in Singapore that the fund invested about $39 billion last year, representing roughly 10 per cent of its portfolio, and aims to continue deploying that same amount every year through all cycles.
According to Podrobno.uz, Uzbekistan plans to increase the total capacity of wind power plants in the country to more than 10 gigawatts by 2030. Under identical conditions, wind power plants in Uzbekistan can produce approximately 1.4 times more electricity than solar power plants.
On 27 April 2026, President Shavkat Mirziyoyev visited an agricultural complex in Quva. According to President.uz, solar panels and water-saving technologies support horticulture, livestock and fish farming. The visit also covered crop processing and agro-drone monitoring. The supplied photographs and video clips document this event.
On 27 July 2026, the Fergana regional administration reported talks between Uzbek officials and the Afghanistan State Corporations Authority. The discussion included projects proposed by Green Infrastructure Investments Group LLC: smart electricity meter manufacturing in Afghanistan, modern electricity management systems and cooperation in information technology.
Construction has started in the special industrial zone of Yozyovon district, Fergana region, on a plant developed with the Chinese manufacturer Xiang Yang Tenglong Automobile. Reported at 170 million dollars across 10 hectares, with a capacity of 700 electric buses a year for the domestic market and for export, and commissioning set for December 2027. Electric cargo vehicles are planned to follow.
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