Investment & Project Development · 26 October 2026
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.
The new 265-bed medical center will form part of a healthcare cluster being developed in Tashkent in partnership with Korea Eximbank. Under the contract, the AUM & LEE consortium will advise on facility design, construction management, work supervision, and the selection of medical equipment. Its responsibilities also include planning medical services and the center's information system, alongside a three-stage practical training program for personnel in healthcare quality, radiology, nuclear medicine, and radiation therapy.
In June 2019, the government of the Republic of Korea approved a 127.5 million dollar concessional loan through the Economic Development Cooperation Fund (EDCF) of Korea Eximbank for the project. The loan terms provide financing for 40 years with a 10-year grace period and an annual interest rate of 0.1%.
All newsAccording 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.
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