What Tashkent City IBC does

Tashkent City International Business Center (Tashkent City IBC) is a state-backed, mixed-use real estate development occupying 80 hectares in central Tashkent, Uzbekistan. The project was established under Cabinet of Ministers of Uzbekistan Resolution No. 559 and is structured as eight separately invested lots, each developed by domestic or international capital partners. The asset mix spans premium residential towers (notably the NEST ONE skyscraper and Gardens Residence complex, with unit counts of 1,180 and 1,342 across phases), four internationally branded hotels (Hilton, Fairmont, Holiday Inn, Park Inn by Radisson), an on-site Financial Center built with major Uzbek banks, office buildings, and retail/dining facilities.

The development is operated by a lean 24-person directorate that coordinates across the eight lot-level investors rather than acting as a single integrated developer. International capital partners originate from the UK, Germany, South Korea, China, and Turkey, providing both equity and, in several cases, operational expertise tied to the hotel and residential components. Revenue mechanics derive from a combination of residential unit sales, hospitality operations under the four branded flags, commercial leasing within the Financial Center and office lots, and retail tenant income. The development serves high-net-worth residential buyers, international and domestic corporate tenants, business travelers, tourists, and retail consumers, and is positioned by the Uzbekistan government as a flagship urban regeneration project intended to anchor the country's financial and hospitality district.

Name

Tashkent City IBC

Legal name

Tashkent city International Business Center

Website

https://tcibc.uz

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Tashkent City IBC is an 80-hectare, state-backed mixed-use real estate development in central Tashkent, structured as eight separately invested lots delivering premium residential towers, branded hotels, a banking-led financial center, offices, and retail, serving HNW buyers, corporate tenants, and tourists.

Ownership category

akta.pro rank

Headquarters

HQ city

Tashkent

HQ country

Uzbekistan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Marketing or Sales, Operations

Distribution channels1 record

Marketing channels4 records

Core offering

Tashkent City IBC is an 80-hectare master-planned International Business Center in central Tashkent, organized into 8 investment lots that deliver a mixed-use urban ecosystem including luxury residential complexes, Class A office towers, international-branded hotels, a shopping and entertainment mall, a 51-story skyscraper (NEST ONE), a congress and convention center, a financial district, and a multi-functional public park. Each lot has its own private investor, architect, general contractor, and management company, coordinated by the state-owned Directorate under the Cabinet of Ministers of Uzbekistan.

Product overview

Tashkent City IBC is a master-planned International Business Center spanning 80 hectares in central Tashkent, Uzbekistan. The project comprises 8 investment lots featuring mixed-use developments including luxury residential complexes (Gardens Residence, Boulevard), commercial and office buildings (Central Plaza, Financial Center, NEST ONE skyscraper), hospitality (Hilton Tashkent City, Holiday Inn, Park Inn by Radisson), retail and entertainment (Tashkent City Mall), and public recreation (Tashkent City Park). Each lot has independent investors, architects, contractors, and management companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Gardens Residence (Lot 1) Luxury residential complex consisting of 9 buildings with 1,180 high-class apartments ranging from 44 to 260 sq.m., including duplex penthouses with terraces. Features an international kindergarten, sports complex with pools and hammam, and underground parking for 1,482 vehicles. Total project area of 261,771 sq.m.
• Central Plaza (Lot 2) Multi-functional complex featuring three 21-story residential buildings, a 21-story Class A business center for Agrobank, a 26-story Park Inn by Radisson hotel (the first four-star hotel in Tashkent), and a 4-story shopping and entertainment center.
• Tashkent City Mall (Lot 3) Shopping and entertainment complex with 260,000 sq.m. of space, featuring 300 stores, 35 restaurant concepts, a 4,800 sq.m. amusement park, IMAX cinema, fitness center with pools and padel courts, and 2,500-space underground parking. Includes a Fairmont luxury hotel with presidential suites and luxury serviced apartments.
• NEST ONE (Lot 4) The first skyscraper in Uzbekistan at 51 stories (266.5 meters), a multi-functional complex with 5 blocks including a business center, offices (including Tenge Bank), a multi-functional building, and premium residential apartments with 33 privileges concept.
• Hilton Tashkent City and Congress Center (Lot 5) Hotel with 258 rooms including standard, executive rooms, corner suites, and 8 presidential suites. Features a 43,000 sq.m. congress hall for 4,000 people, a 150-seat concert opera theater, multiple restaurants including City 21 on the 21st floor, the Novikov restaurant, and Serenity Spa (1,400 sq.m.). Includes 2,453 sq.m. of event space and 5 conference rooms.
• Financial Center (Lot 6) Office complex housing the headquarters of Asakabank, Alokabank, and Uzpromstroybank. Features a 33-story B28 building for Uzpromstroybank with underground parking for 456 vehicles. Co-invested by Bomi Engineering & Construction Co. Ltd from South Korea.
• Boulevard and Holiday Inn (Lot 7) Residential complex with 8 seven-story buildings comprising 1,342 apartments (46-118 sq.m.), a 3km shopping avenue, Holiday Inn hotel by Intercontinental Hotels Group, and Boulevard Business Center with 16 offices (75-159 sq.m.). Underground parking for 1,951 vehicles.
• Tashkent City Park (Lot 8) Multi-functional urban park spanning 18.6 hectares (186,804 sq.m.) with over 4,500 trees, a 1.5 hectare artificial lake with a musical laser fountain show, restaurants, cafes, running and cycling paths, and sports and children's playgrounds. Building area of 4,647 sq.m.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered core and secondary.

• Hilton Hotels & ResortscoreStrategic or Co-development Partner · 1 January 2018International hotel operator for Hilton Tashkent City - a 258-room hotel with spa, fitness center, pool, multiple restaurants, 2,453 sq.m. of event space, and 5 conference rooms. Located adjacent to Congress Center.
• Intercontinental Hotels Group (Holiday Inn)coreStrategic or Co-development Partner · 1 January 2018International hotel operator for Holiday Inn hotel within the Boulevard complex in Lot 7, providing internationally branded hospitality services.
• Fairmont Hotels & ResortscoreStrategic or Co-development Partner · 1 January 2018Luxury hotel operator for Fairmont hotel within Tashkent City Mall complex (Lot 3), featuring presidential suites and Fairmont Gold lifestyle floor.
• Park Inn by RadissoncoreStrategic or Co-development Partner · 1 January 2018International hotel operator for the first four-star hotel in Tashkent within Central Plaza complex (Lot 2), part of the Radisson Hotel Group.
• Novikov Restaurant GroupsecondaryStrategic or Co-development Partner · 1 January 2018Restaurant operator providing dining services within the Congress Center and Hilton complex (Lot 5), featuring high-end restaurant offerings.
• INVENTO International SchoolsecondaryStrategic or Co-development Partner · 1 January 2018International kindergarten operating within Gardens Residence (Lot 1), providing early childhood education services for 385 children.
• Özgüven mimarlik (Turkey)coreTechnology or Integration · 1 January 2018Architectural design firm for Gardens Residence (Lot 1) and Boulevard (Lot 7) projects, providing architectural expertise for residential complexes.
• ARUP (United Kingdom)coreTechnology or Integration · 1 January 2018Engineering and architectural consultancy for Congress Center and Hilton Hotel (Lot 5), providing design and technical expertise for the 43,000 sq.m. congress facility.
• Shanghai Construction Group (China)coreTechnology or Integration · 1 January 2018Construction group serving as designer for Financial Center (Lot 6), bringing Chinese construction expertise to the project.
• Öncüoğhlu Architects (Turkey)coreTechnology or Integration · 1 January 2018Architectural firm with 58 years of experience designing Tashkent City Mall (Lot 3) to American and European quality standards.
• AZE DesigncoreTechnology or Integration · 1 January 2018Design company responsible for Central Plaza (Lot 2) architectural and design work.
• ГК «Спектрум» (Russia)secondaryTechnology or Integration · 1 January 2018Russian Spectrum Group serving as designer for Tashkent City Park (Lot 8), contributing to the 186,804 sq.m. recreational area development.
• MDesign (Turkey)secondaryTechnology or Integration · 1 January 2018Turkish design firm contributing to Tashkent City Park (Lot 8) design alongside Spectrum Group.

Scale indicators3 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• DAMAC Properties: Dubai-based luxury real estate developer that partners with global brands (Trump, Paramount, Versace) on premium mixed-use projects. Comparable in how it leverages international hospitality branding to drive premium pricing on Central Asian / Middle Eastern developments.
• Lotte Property & Development: Korean developer of Lotte World Tower (555m) and the Jamsil mixed-use complex. Comparable on the iconic-skyscraper-plus-integrated-mall/hotel/residential model that Tashkent City IBC replicates with NEST ONE.
• Emaar Properties PJSC: UAE-listed mega-developer of Downtown Dubai, Dubai Mall, and the Burj Khalifa district. Closest comparable: large-scale mixed-use urban development with international hotel partnerships, luxury residential, and retail integrated into a single master plan.

Broad incumbents

• Meraas Holding: Dubai Holding subsidiary developing luxury mixed-use destinations (Bluewaters, La Mer, City Walk). Comparable as a developer building integrated entertainment/retail/hospitality ecosystems in central urban locations.
• Majid Al Futtaim Holding: UAE-based developer and operator of shopping malls, hotels, and mixed-use communities across MENA. Comparable in the mall + hotel + adjacent residential formula, particularly the 260,000 sq.m. Tashkent City Mall + Fairmont model.
• Nakheel PJSC: Dubai-based state-owned mega-developer behind Palm Jumeirah and The Pointe. Comparable on the government-backed, large-scale master-planned communities with hospitality anchors and broad retail/residential mix.

Regional players

• Astana International Financial Centre (AIFC): Government-backed financial hub in Astana, Kazakhstan, with international legal framework and Class A office space. Comparable on the Central Asian sovereign-led effort to construct a dedicated international business / financial district.
• BI Group (Bazis-A): Kazakhstan's largest real estate developer and construction company, active in Astana's central district. Closest regional comparable for a developer building premium residential, commercial, and hospitality infrastructure in a Central Asian capital.
• Qatari Diar Real Estate Investment: State-owned developer of Lusail City - a sovereign-backed master-planned city in Qatar with hotels, retail, and residential. Comparable on the government-led multi-lot city development model in an emerging market.
• Emaar, The Economic City (KAEC): Saudi-listed joint venture behind King Abdullah Economic City, a sovereign-supported master-planned city. Directly comparable as a government-driven multi-lot urban development attracting international capital and operators.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCk3DMD-OdCCx0RHEyoiSiCw
• Facebookfacebook.com/tashkentcityibc
• LinkedInlinkedin.com/company/tashkent-city

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tashkent City IBC