Vietnam's ROX Group plans $4.5 billion in urban projects in Uzbekistan

President Shavkat Mirziyoyev reviewed a presentation of projects by Vietnam's ROX Group in Uzbekistan during a visit to Bukhara region, the presidential press service said. ROX Group is a multi-sector investment group founded in Vietnam in 1996. It operates in real estate, energy, banking, hotels and services.

The company plans four urban development projects covering a total of 285 hectares, with investment of $4.5 billion. The projects are designed for 115,000 residents. Two are in Bukhara, one is in Uchtepa district of Tashkent and one is in Samarkand. In Bukhara, construction has started on new residential areas covering 65 hectares in the district and 25 hectares in the city. They will include multi-storey homes for 30,000 residents, hotels, business centres, retail and leisure facilities.

The Uchtepa City project in Tashkent will feature business and entertainment centres, housing and new infrastructure. Gazeta.uz previously reported that the project is estimated to cost $1.5 billion. The Samarkand project focuses on infrastructure around an existing tourist complex. The Vietnamese investor also proposed an industrial zone in Zaamin district, Jizzakh region. The president approved the concepts, stressed the need for advanced urban planning solutions and instructed officials to work with the company on implementation mechanisms.