ISLAMABAD, October 15. /Dunyo IA/.   Ambassador of Uzbekistan Alisher Tukhtaev has held online negotiations with the management of the Pakistani group of companies “Vision Group”, reports Dunyo IA correspondent.

During the meeting, Pakistani side was briefed on the reforms being implemented in Uzbekistan, including initiatives for the construction of modern cities, housing, and infrastructure. The Ambassador also detailed the incentives and preferences available to foreign investors in the construction sector.

The sides discussed the possibilities of Vision Group's participation in the development of New Tashkent. The Pakistani delegation was informed that the state is allocating substantial funds for the creation of infrastructure and critical social facilities, with the volume of investment in the new city already exceeding $2 billion.

The total area of the territory allocated for New Tashkent spans 20,000 hectares. In the first phase, projects with a total value of $50 billion are planned to be implemented on a site covering 6,000 hectares.

Representatives of “Vision Group” highly praised the project, describing it as an attractive and promising direction for investment. The company is considering the possibility of implementing a large-scale project, which will include modern residential buildings, parks, walking areas, fountains, restaurants and other catering establishments, shopping and entertainment centers, as well as social infrastructure and services for residents and foreign guests.

To present the initiative and further discuss the proposals, the sides agreed to organize a visit of a “Vision Group” working group to Uzbekistan. During the trip, representatives of the company will discuss the legal, organizational, and financial conditions of cooperation with relevant ministries and agencies, as well as inspect land plots suitable for the project's placement.

“Vision Group” was founded in 1990 and operates in the sectors of construction and real estate development, media, film industry, pharmaceuticals, education, architecture and design. Over the past 22 years, the group has implemented major urban planning and construction projects with a total area of 2,600 hectares in various cities of Pakistan.

The assets of “Vision Group” are estimated at $7 billion.