Why is this important
$10 billion is the largest project in the history of Uzbekistan, creating a financial and technological hub of Central Asia. 6400 hectares – the size of a medium-sized city. Anglo-Saxon law will attract Western investors who avoid the Soviet legal system. The Al-Khwarizmi Center and the university with a capacity of 75 thousand will create personnel for IT, FinTech, and green energy. The status of the SEZ is tax and customs benefits, as in Dubai, Singapore.
What happened
- Central Asia Smart City на 6400 га в Ахангаране, инвестиции $10 млрд, 2025-2035;
- Initial stage — 500 hectares: financial center, logistics;
- Smart & concept; Green City: housing, business, high-tech centers;
- Managing company — Going Investment, partners — France, Japan, Turkey;
- Special status — Anglo-Saxon law, tax benefits;
- University for 75 thousand places, Al-Khwarizmi Center.
Project scale
- Area: 6400 ha (64 km2) — medium-sized city. For comparison: Tashkent City — about 50 hectares, Dubai Marina — 200 hectares.
- Investments: $10 billion is the largest project in the history of Uzbekistan. It exceeds the budget of Navoiy SIZ ($5 billion) and Jizzakh SIZ ($3 billion) combined.
- Duration: 2025-2035 (10 years) — implementation in stages.
- Initial stage: 500 hectares for a financial center, logistics, strategic construction. The remaining 5900 hectares are gradual development.
Smart & concept; Green City
- Smart: city management technologies — IoT, AI, big data for transport, energy, security, services. Example: smart traffic lights, energy-saving buildings, automated cleaning.
- Green: ecology — solar and wind power plants, electric transport, parks, waste recycling.
- Housing and business: modern neighborhoods, offices, shopping centers, entertainment.
Key elements
- Financial center: banks, insurance companies, investment funds, stock exchange — a hub for Central Asian capital.
- Logistics: warehouses, transport hubs — connection with China, Europe, Russia through railways and highways.
- Al-Khwarizmi Center: an international center of knowledge and technology — research in IT, FinTech, “green” energy, biotechnologies.
- University: 75 thousand places — the largest in the region. Training of personnel for IT, finance, engineering.
- High-tech centers: energy (solar, wind), transport (electric vehicles, smart logistics), communication (5G, data centers).
Special legal status
- Anglo-Saxon law: a system adopted in the USA, Great Britain, Singapore, and Dubai. It will attract Western investors who fear the Soviet legal system with its low protection of contracts and corruption.
- SEZ status — tax and customs benefits (exemption from VAT, income tax for 5-10 years), simplified visa, freedom of foreign exchange transactions.
Partners
- Going Investment: management company, project initiator.
- Byuro Veritas Consulting (France): an international consulting company specializing in certification and project management.
- Ainergy (Japan): a company in the field of energy, green technologies.
- ND Imar Inshaat ve Ticaret (Turkey): construction company, will develop a master plan and master plan.
- Uzbekistan Economic Assembly: Local Organization, Project Coordinator.
Implementation stages
- 2025-2027: initial stage — 500 hectares, financial center, logistics, infrastructure (roads, electricity, water).
- 2028-2032: expansion — housing, business centers, university, Al-Khwarizmi Center.
- 2033-2035: completion — development of the remaining 5900 hectares, a full-fledged city with 500+ thousand residents.
Context
- Ohangaron: an industrial city 70 km from Tashkent, connected by a high-speed railway (30 minutes). The developed infrastructure and proximity to the capital make it ideal for a megaproject.
- $10 billion — an analogue of Dubai: Dubai began with similar projects (Dubai Marina, Business Bay), attracting foreign capital through SEZs, Anglo-Saxon law, and tax incentives.
- Central Asia Financial Center: Kazakhstan created Almaty City (AFC), Uzbekistan is responsible for Central Asia Smart City. Competition for regional capital ($50+ billion).
- The university with a capacity of 75 thousand people is the largest in the region and will create personnel for IT, finance, and engineering. For comparison: NUUz — 20 thousand students.
- Anglo-Saxon law: a key advantage for Western investors. Singapore, Dubai, Hong Kong are using this system, attracting trillions of dollars.
