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Airports

Vision Invest to Develop Largest Airport in Central Asia Through Public-Private Partnership

Strategic Insights

— 1 min read

Vision Invest, a Saudi Arabian investment company, is set to implement a major airport project in Uzbekistan through a public-private partnership. The new airport, scheduled to be commissioned in 2028, will be the largest in Central Asia, accommodating up to 20 million passengers annually and operating more than 40 flights per hour. Sojitz Corporation, a Japanese conglomerate, will participate in the project alongside Vision Invest, bringing its expertise in airport construction and management to the table. The partnership marks a significant development in Uzbekistan's infrastructure growth, with the country's economy expected to continue growing at over 6 percent annually.

Key Takeaways:

  • The new airport will be the largest in Central Asia, with an annual passenger capacity of up to 20 million and operating over 40 flights per hour.
  • The project is a public-private partnership between Vision Invest and Sojitz Corporation.
  • Sojitz Corporation has experience in airport construction and management, having participated in projects in Japan and Palau.
  • The company will also participate in other major infrastructure projects in Uzbekistan, including the construction of a hospital, wind farm, and thermal power plant.
  • Uzbekistan's population exceeds 37 million, with annual economic growth exceeding 6 percent.
  • The country provides tax incentives and preferences to foreign investors, with a corporate tax rate of 15 percent.
  • As of October 2024, 54 Japanese companies operated in Uzbekistan, a significant increase from 2019.

Statistics:

  • The new airport will accommodate up to 20 million passengers annually.
  • The airport will operate over 40 flights per hour.
  • Uzbekistan's population exceeds 37 million people.
  • The country's annual economic growth exceeds 6 percent.
  • The corporate tax rate in Uzbekistan is 15 percent.
  • As of October 2024, 54 Japanese companies operated in Uzbekistan.

Sources:

  • Nikkei Asia
  • Uzbekistan National News Agency (UzA)
  • SyndiGate Media Inc.

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