Uzbekistan will commence construction of the New Tashkent International Airport in June 2026 under a public-private partnership. The $2.5 billion first phase involves a consortium from Saudi Arabia, Japan, and South Korea, aimed at addressing a 30% annual surge in passenger traffic and replacing the city's aging aviation infrastructure.
Uzbekistan has finalized a public-private partnership (PPP) agreement to begin construction of the New Tashkent International Airport in June 2026. According to official disclosures, the project is spearheaded by a multinational consortium led by Saudi Arabia’s Vision Invest (45%), alongside Sojitz Corporation of Japan (30%), Incheon International Airport Corporation of South Korea (15%), and Uzbekistan Airports (10%).
The initial $2.5 billion phase focuses on a terminal complex and airfield infrastructure across 1,300 hectares in the Urta Chirchik and Kuyichirchik districts. Uzbekistan Airports is the state-owned operator managing the nation’s aviation hubs, while the consortium partners represent global leaders in infrastructure investment and airport management.
This development is critical as the existing capital airport is projected to reach its operational capacity by 2029. With passenger traffic tripling over the last eight years to 9 million annually, and forecasts exceeding 24 million by 2040, the new facility is essential to sustain the region's 30% annual growth rate. By relocating operations outside the city center, the government aims to modernize logistics while potentially repurposing prime urban real estate. For the aviation, logistics, and construction industries, the project establishes a massive regional hub capable of handling 20 million passengers and 129,000 tons of cargo. The inclusion of toll highways and high-speed rail links further integrates the facility into the national transport grid.
For investors, the absence of state traffic guarantees underscores the government's confidence in market-driven demand. Strategically, this move positions Tashkent as a central transit node between Asia and Europe, offering long-term opportunities in commercial real estate, air cargo services, and regional tourism infrastructure.
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