Vietnam's ROX Group to invest $4.5 bln in four projects in Uzbekistan

TASHKENT. Nov 3 (Interfax) - Vietnam's ROX Group plans to invest $4.5 billion in four urban development projects in Uzbekistan, the press service of Uzbek President Shavkat Mirziyoyev reported.

Mirziyoyev reviewed the projects during a visit to the Bukhara Region, where ROX Group has already begun residential construction.

ROX Group is planning two projects in Bukhara, and one each in Tashkent and Samarkand. Spanning a total area of 285 hectares, the projects represent an investment of $4.5 billion and are designed to accommodate 115,000 residents.

New residential areas are under development in the Bukhara District, covering 65 hectares, and in the city of Bukhara, spanning 25 hectares. The plans include the construction of multi-story residential buildings to accommodate 30,000 people, as well as hotels, business centers, retail facilities, and various service and leisure establishments.

The project in Tashkent focuses on creating a modern urban environment, while the initiative in Samarkand centers on developing infrastructure around an existing tourism complex.

Additionally, a Vietnamese investor has proposed establishing an industrial zone in the Zaamin District of the Jizzakh Region, the press service said.

"The president has approved the presented concepts and emphasized the need to employ advanced urban planning solutions. Those responsible have been tasked with collaborating with the company to develop plans thoroughly for the necessary infrastructure and the procedures to implement the projects," according to the statement.

As reported, the projects planned for Bukhara are estimated at $2 billion.

ROX Group is a major diversified Vietnamese company that completes projects in the areas of energy, urban development, tourism, and financial services.