Silq Plaza and PD Estates Unveil $600 Million Projects in Tashkent
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UzDaily
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Silq Plaza and PD Estates Unveil $600 Million Projects in Tashkent

Two major architectural projects—Silq Plaza and PD Estates—totaling $600 million were presented in Tashkent, Uzbekistan. The concepts for these projects were demonstrated on February 17, 2025, during a meeting with urban planners and investors chaired by Saida Mirziyoyeva, Head of the Administration of the President of Uzbekistan. Details of both projects are available in a video published on her Telegram channel.

The event was attended by independent experts, university representatives, and specialized architectural studios. The meeting featured both projects in the design phase and those currently under construction.

Silq Plaza Project

Silq Plaza presented a project for a complex on a 3-hectare plot located near Amir Temur Square, where the state company Uzbekenergo building was previously situated. This project is valued at $400 million and includes the construction of residential buildings, a business center, and a hotel. According to the presented data, the total area of the new constructions will be 1.152 million square meters, encompassing 6,500 residential units with a total living area of 585,000 square meters. The developer also proposes the reconstruction of a fountain located near the Uzbekenergo building.

Discussions on the project involved the head of Silq Plaza and the CEO of Tashkent City Mall, Diyor Kayumov. He noted existing implementation challenges, emphasizing that the developer is already investing in it. In turn, Saida Mirziyoyeva stressed the need for timely assessment of a large object's impact on social infrastructure. She specifically highlighted the question: 'Here is the question: if there is a large building, does anyone calculate how many children and how many kindergartens will be needed? This affects people's mood. We must understand this,' she stated. Kayumov agreed with the necessity of conducting the relevant calculations.

PD Estates Project

PD Estates presented its project on a 3.5-hectare plot, valued at $200 million. The presentation showed that the project will include 5,000 square meters of green spaces, accounting for 20% of the total plot area. 49,014 square meters have been allocated for service needs, and the creation of 1,500 jobs is anticipated. The materials presented during the presentation also indicate positive conclusions regarding this project. These include a seismological assessment rated '9 points', a hydrogeological report, a conclusion from the Ministry of Emergency Situations, and a sanitary-epidemiological conclusion.

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Plans to upgrade 100 streets and improve 400 mahallas in Tashkent
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podrobno.uz

Plans to upgrade 100 streets and improve 400 mahallas in Tashkent

This year, the capital of Uzbekistan, Tashkent, plans to attract $9 billion in investments across 12 districts. However, during a video selection meeting, the president noted the need to strengthen efforts to attract these funds.

A new regulation is being introduced to resolve investors' issues more quickly: responsible leaders at both republican and city levels will visit districts weekly to meet with businessmen. Proposals on complex issues can be submitted to the Presidential Administration on the same day.

For next year, the goal is set to increase attracted investments to $10 billion and create between 150,000 and 200,000 permanent, high-paying jobs.

Development of Streets and Mahallas

Significant attention during the meeting was paid to the comprehensive development of streets and mahallas, using Olmazar district as an example. Since the beginning of the year, nine streets in this district have been transformed into zones attractive to tourism and business. Among them is the 'Kichikrik' mahalla, where a kindergarten for 450 children, sports grounds, an alley, fountains, an amphitheater, and pedestrian paths were built, improving living conditions for 5,500 residents.

This successful experience is planned to be scaled up to eight more streets in Olmazar district, as well as three to four streets in each of the remaining eleven districts of the capital.

A budget of 1 trillion soms has been allocated for the complete renovation of 100 Tashkent streets. Additionally, a four-year program for the improvement of 400 mahallas, modeled after the 'Kichikrik' mahalla, is being developed, costing 10 trillion soms. All planned changes must be discussed in local kengashs and be accessible to the population.

Other Directions of Capital Development

Issues regarding the improvement of the city's historical part and more effective use of state property were also discussed during the meeting. By November 1st, a unified concept and a portfolio of projects concerning the comprehensive development of the Old City must be created with the participation of foreign companies.

Furthermore, leaders were instructed to conduct a full inventory of 497 administrative buildings of state institutions, covering a total area of 765,000 square meters. The goal of this inventory is to transfer inefficiently used premises to entrepreneurs for long-term lease for trade, service, private medicine, and education purposes.

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