Investment & Project Development · 14 October 2026
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.
Under the modernization of the 400 mahallas, heating, drinking water, sewage, electricity, gas, lighting, roads, walkways, and yard infrastructure will be overhauled. The initiative aims to create 130 thousand jobs by 2030, including 22 thousand across 100 mahallas in 2027. One of the initial projects will upgrade the Vatandosh, Mokhinur, Al-Bukhari, and Tong mahallas in Yashnabad district covering 75 ha. Additionally, 126 thousand new school places and 40 thousand kindergarten places are planned across the city by 2030.
A presentation was also held for the Uchtepa City business center in Uchtepa district, to be developed in two phases across 37 ha funded by foreign direct investment. In the first phase, an investor will allocate $1 billion to build residential buildings, offices, a shopping and entertainment complex, an international brand hotel, and a pedestrian zone on 26 ha.
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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