A 6,400-hectare Smart City industrial park is being developed in the Tashkent Region of Uzbekistan. Mukhtor Umarov, Chairman of the Assembly of Economy of Uzbekistan, announced the project at the FINOBOD 2026 forum taking place in Tashkent. According to him, the site is set to become a hub for new manufacturing facilities involving foreign investors and technology partners.

Umarov identified the creation of joint ventures as one of the key mechanisms for industrial development. This approach will allow local companies to more rapidly adopt technologies, manufacturing competencies, and managerial expertise from foreign partners. As an example, he cited 1970s China and Deng Xiaoping’s economic reforms, noting that Uzbekistan intends to use a similar model of accelerated development.

Smart City plans to establish conditions for foreign companies to open their own industrial zones. In addition, Tashkent intends to set up a new type of Central Asian free trade zone with an area of 55,000 m². Its participants will be able to sell manufactured goods not only across Central Asian markets, but also in other countries. Foreign partners are invited to take part in both projects.