JSC "Tashkent Invest Company"

What JSC "Tashkent Invest Company" does

JSC "Tashkent Invest Company" (AJ "Toshkent Invest Kompaniyasi") is a state-owned joint-stock company established in August 2023 under Uzbekistan's Presidential Decree PF-112 of July 26, 2023, to serve as the dedicated investment vehicle for the socio-economic development of Tashkent city through 2030. The company functions as a government-backed intermediary between the Tashkent City Administration (Khokimiyat) — its sole 100% shareholder — and private investors, with a mandate to manage municipal assets, facilitate public-private partnerships (PPPs), coordinate urban renovation across 15 designated districts, and channel capital into infrastructure and industrial projects. Its service portfolio comprises an Investment Projects Management Platform for construction-sector proposals, a Renovation Projects Platform covering urban renewal zones, an interactive E-Auction Map for the disposal of municipal land plots and state assets, an Infographics Dashboard for land-auction analytics, procurement services for best-proposal selection tenders (including BRT, tunnel, and road infrastructure), an Investment Proposal Submission Portal with a 5-business-day review SLA, and management of the renamed Tashkent Development Fund. Its flagship industrial project is the JAC Motors automobile manufacturing plant in the Yangiho'yot district, covering ICE, hybrid, and EV production.

The company's go-to-market operates through direct government-business partnership channels, offering private investors 49-year land leases (facilitated by the Cabinet of Ministers), joint-stock company formations with up to 50% Tashkent Invest ownership, or simple partnerships without creating new business entities. Capital structure is anchored by 100 billion UZS in issued charter capital and a 1 trillion UZS authorized-capital allocation approved by the Council of People's Deputies of Tashkent, funded through additional city budget sources. Revenue is not publicly disclosed, though the company publishes financial statements and underwent external audit beginning in 2025. The Supervisory Board is chaired by the Tashkent City Mayor (Umurzakov Shavkat Buranovich) and includes two deputy mayors plus two independent international members (Roberto Varandas, Shariq Wali Khan). The underlying technology stack consists of standard web portals and an interactive map-based e-auction platform hosted on projects.toshkentinvest.uz, with no proprietary AI/ML components evident.

Name

JSC "Tashkent Invest Company"

Legal name

AJ "Toshkent Invest Kompaniyasi"

Website

https://toshkentinvest.uz

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

JSC "Tashkent Invest Company" is a state-owned joint-stock company established in 2023 by Presidential Decree to act as the investment vehicle for Tashkent city, managing municipal assets, facilitating public-private partnerships, coordinating renovation across 15 districts, and channeling capital into infrastructure and industrial projects.

Ownership category

akta.pro rank

Product category

Urban Infrastructure Investment Services

NAICS

Management of Companies and Enterprises (55), Miscellaneous Intermediation (52391)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-Engineering, Accounting, Research, Management (8700)

akta.pro industry

PRIMARYBPAIAEAG

Public Asset & Investment Management

Business & Public Services/Public Sector & Government Administration/Public Finance, Treasury & Procurement

SECONDARYBPAIAAAL

Trade, Industry & Economic Development Administration

Business & Public Services/Public Sector & Government Administration/Central/Federal Government Administration

Keywords

• Municipal infrastructure investment
• Public-private partnerships
• Urban development projects
• Land auction services
• Construction project management

Headquarters

HQ city

Tashkent

HQ country

Uzbekistan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Others

Distribution channels2 records

Marketing channels5 records

Core offering

JSC "Tashkent Invest Company" functions as a state-owned investment vehicle and bridge between the Tashkent city administration and private investors. It manages investment projects in construction, operates renovation programs across 15 designated urban areas, runs electronic auctions of municipal land and state assets, conducts tenders for infrastructure procurement, and manages the Tashkent Development Fund that finances communal and infrastructure projects.

Product overview

Tashkent Invest Company is a government-owned joint-stock company (established August 2023 by Presidential Decree PF-112) that operates as an infrastructure investment and urban development platform for Tashkent city. The company functions as a bridge between the city administration (hokimiyat) and private business, managing a portfolio of interconnected products and services including an Investment Projects Management Platform for construction sector projects, a Renovation Projects Platform covering 15 designated urban renewal areas, an E-Auction Map for electronic land and state asset auctions, an Infographics Dashboard for statistical analysis, and procurement services for best-proposal selection tenders. The company also manages the Tashkent Development Fund and oversees major projects such as the JAC Motors automotive manufacturing plant. The portfolio is unified around urban infrastructure development, combining investment facilitation, asset management, procurement, and project oversight services.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Projects Management Platform

Quantifiable outcome

• Tashkent to enter Top 50 most livable cities by 2030 (EIU ranking, currently 157th)
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered flagship, core and minor.

• Council of People's Deputies of Tashkent (Kengash)flagshipStrategic or Co-development Partner · 12 February 2024The Council approves allocation of funds for authorized capital formation (1 trillion soums) and other budgetary decisions for the company's operations and project financing.
• Tashkent City Khokimiyat (City Administration)flagshipStrategic or Co-development Partner · 26 July 2023The company was established at the initiative and under the foundersip of the Tashkent City Administration. The khokimiyat serves as the sole shareholder (100%) and the primary strategic partner for all urban development initiatives. The Supervisory Board is chaired by the Tashkent City Mayor.
• Cabinet of Ministers of UzbekistancoreStrategic or Co-development Partner · 26 July 2023Per Presidential Decree, the Cabinet of Ministers leases land to the company for up to 49 years for joint investment projects. The government facilitates the land allocation and auction mechanisms for the company's projects.
• State Specialized Management for Operation, Maintenance and Repair of City Central StreetsminorStrategic or Co-development Partner · 26 July 2023Allocation of 1.18 billion soums approved for purchase of spare parts for vehicles. One of the municipal entities under the company's coordination.
• Main Landscaping AdministrationminorStrategic or Co-development Partner · 26 July 2023Municipal entity receiving 151.79 million soums for wall repair works. Part of the coordinated infrastructure maintenance ecosystem.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Indonesia Investment Authority (INA): Sovereign wealth fund of Indonesia mandated to attract foreign co-investment into domestic infrastructure and strategic assets. Comparable in intermediating between government policy and private investors for nation-building infrastructure projects.
• ADQ (Abu Dhabi Developmental Holding Company): Abu Dhabi government-owned holding company managing a diversified portfolio of strategic infrastructure, real estate, and industrial assets. Comparable mandate of stewarding municipal/state assets, executing PPPs, and driving city-level economic development.
• Investment Corporation of Dubai (ICD): State-owned principal investment arm of Dubai that holds and manages government strategic assets and infrastructure-linked investments. Directly comparable as a sovereign holding entity intermediating between government priorities and private capital for large urban and economic-development projects.
• Mubadala Investment Company: Abu Dhabi's sovereign investment company investing across infrastructure, real estate, and strategic sectors to diversify and grow the emirate's economy. Comparable as a government-backed investment vehicle deploying patient capital into city-scale development and PPP-type structures.
• PT Sarana Multi Infrastruktur (SMI): Indonesian state-owned infrastructure financing company providing financing and project advisory for national and regional infrastructure. Comparable as a state-mandated vehicle channeling public capital and PPP advisory into emerging-market infrastructure development.
• VEB.RF (State Development Corporation): Russian state development institution financing large-scale national infrastructure and urban projects. Comparable as a state-mandated vehicle directing public capital toward strategic infrastructure, though operating at national rather than city scale.

Broad incumbents

• Dubai Holding: Diversified Dubai-government-owned conglomerate with significant exposure to real estate, hospitality, and urban development. Comparable as a state-owned platform managing and developing urban assets, though broader in scope across sectors.
• Khazanah Nasional: Malaysia's sovereign wealth fund holding strategic stakes across infrastructure, real estate, and financial services. Comparable as a state-owned investment institution, though operating at national scale and with a broader, more diversified portfolio than a single-city vehicle.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/%D0%B0%D0%BE-%D0%BA%D0%BE%D0%BC%D0%BF%D0%B0%D0%BD%D0%B8%D1%8F-%D1%82%D0%B0%D1%88%D0%BA%D0%B5%D0%BD%D1%82-%D0%B8%D0%BD%D0%B2%D0%B5%D1%81%D1%82

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 JSC "Tashkent Invest Company"