03 February 2021

Bukhara City – a large-scale project in the heart of the eastern pearl

Sergey Verenin and Umarov Azamat as the coordinators of the project “Invest-in-Uzbekistan”  visited Bukhara and held a meeting with the Deputy Khokim of the Bukhara region on the development of tourism, Botyrson Shahriyorov, and the head of the Directorate of the large-scale construction facility of Bukhara City, Azimzhon Pulatov.

During the meeting, the parties discussed possible options to attract foreign investment with the assistance of “Invest-in-Uzbekistan” in the construction of Bukhara City (Presentation) and defined the main vectors of mutually beneficial cooperation.

International Business Center «Bukhara city» is a project of construction of a business and residential center in the city of Bukhara, which is one of the largest urban development projects in the Republic of Uzbekistan. This project is aimed at the efficient use of the city’s tourist potential by creating a complex of infrastructure in modern business, financial and tourism spheres.

On the territory of «Bukhara city» there will be built 12 hotels, many business centers, 34 residential multi-storey houses, 2 modern schools, 3 kindergartens, advanced clinics, banks, sports complexes and other objects of cultural recreation. It is located on 83 hectares square in the nearest accessibility from the old town and main transport hubs.

The object is divided into a number of lots, each of which is designed for a specific purpose and for which a detailed business plan has been drawn up.

Lot 20 will have 4-5 star hotels in the area of 5,021 sq.m.. The cost of the project is estimated at $112 million. The project is expected to be handed over in 2022.

The project for the construction of housing estates is estimated at $48 million. The project will cover an area of 4,856 sq.m.

One of the largest facilities will be Lot 49, which will have the Expo Center and the Conference center. The total area of the lot is 17,820 sq.m., and the area of the buildings is 52,900 sq.m.

A youth center and restaurants worth $3.4 million. It will be located in the territory of 3,403 sq.m.. Office and shopping centers cost more than 30 million. US dollars will be sold in 2022 and will be placed on lots 62, 64 and 65 with a total area of more than 25 thousand sq.m.

The highlight of the project will be the Bukhara Tower with 32 floors. The cost of the project is estimated at 23.2 – 38.8 million USD.