Why is this important
The interest of a large foreign company in the Shirin town project may affect the pace and scale of its implementation. Billions of dollars in potential investments can accelerate the development of urban infrastructure and housing construction in Samarkand. For the region, this also means expanding cooperation with foreign investors and increasing investment attractiveness.
What happened
- The Turkish company Arimatik has expressed interest in participating in the Shirin town project, according to the Samarkand regional administration.
- On December 12, regional head Adiz Boboyev held talks with the company delegation, during which Arimatik representatives expressed their readiness to consider the role of a key partner in a number of major investment projects.
- The company announced its intention to gradually invest $4 billion in the Samarkand region and highlighted its interest in the construction of the Shirin residential area.
- The Arimatik management was briefed on the planned architectural appearance and infrastructure of the future town, as well as explained the terms and procedures for acquiring land plots.
- The parties agreed to continue work on the project after the final concept of the Shirin town is approved.
Numbers and facts
- The Shirin town project is being implemented in Samarkand and provides for the creation of a new residential area.
- A separate “Shirin” directorate has been established to work on the project, which coordinates and presents it to potential investors.
Context
- If Arimatik participates, the Shirin town project can receive a strategic foreign partner with significant investment potential.
- The phased investments of the declared volume create a basis for the implementation of the project on a larger scale and with the comprehensive development of infrastructure.
- The continuation of negotiations after the concept is approved means that the final parameters of the investor’s participation will depend on the final format of the town.
