Uzbekistan's Deputy Prime Minister Jamshid Khojaev held a meeting with the founder of ST. Wonderful, Tian Shu Chun, to discuss further cooperation in the field of urban development and modern infrastructure.
ST. Wonderful is already implementing several large projects in Tashkent. Among them are the residential complexes High Town City and Wonderful City, as well as the High Town Mall shopping center, which opened in March 2026.
The main focus of the meeting was on the company's projects within the framework of New Tashkent. ST. Wonderful intends to invest about $500 million in the development of the China Town area and $50 million in the construction of the Beijing Plaza hotel. The total investment volume for these two projects is estimated at approximately $550 million.
Jamshid Khojaev assured that the government is ready to provide the investor with all necessary support at all stages of project implementation. He also noted the potential for expanding cooperation with ST. Wonderful and launching new investment initiatives in Uzbekistan.
According to the results of the first half of 2026, Tashkent, the capital of Uzbekistan, demonstrated the highest rates of economic growth among all regions of the country. This success was achieved through attracting a record volume of foreign investment, significant export growth, and the creation of about ten thousand new jobs.
According to information provided by the city administration's press service, Tashkent's gross territorial product reached 226 trillion soums. This exceeds the figure for the same period last year by 13.3%, allowing the capital to surpass the projected figure of 11.2% and secure its leadership position in the republic.
The industrial sector also showed a positive trend: the volume of produced goods amounted to 109.6 trillion soums, which is 8% more than the previous year. However, the main driver of growth was investment. In the first six months, $4.3 billion in foreign investment and loans were brought into Tashkent's economy, which is one and a half times the volume of the previous year.
Thanks to the funds received, 249 investment projects were launched in the capital. New production facilities with a total value of $657.5 million were commissioned under these projects, contributing to the creation of 9.8 thousand jobs. Additionally, exports from Tashkent enterprises exceeded $1.5 billion over six months, which is 43% more than the previous year.
The localization program is actively promoted, within which 77 projects with a production volume of 4.9 trillion soums have been implemented, which is 48% higher than planned. Such initiatives help reduce imports, making products more affordable, and also strengthen cooperation between enterprises. The Hokimiyat considers the creation of jobs, the launch of modern production, the improvement of the population's living standards, and the development of the capital's industrial potential as key achievements.
It should be noted that World Bank analysts believe that due to reforms being carried out in logistics, tourism, and pharmaceuticals, Uzbekistan is capable of attracting between $5.2 and $6.4 billion in private investment and providing employment for over 300 thousand people.
