Uzbekistan’s Minister of Investment, Industry and Trade Discusses Implementation of the Ritz-Carlton Project in Tashkent with PASHA Real Estate
2026-02-11 21:05:00 / News
On 11 February this year, the Minister of Investment, Industry and Trade of the Republic of Uzbekistan, Laziz Kudratov, held a meeting with Elchin Gadimov, Head of International Projects at the Azerbaijani company PASHA Real Estate.
During the negotiations, the parties reviewed the progress of the investment project involving the construction of a five-star hotel and residential complex in Tashkent under the Ritz-Carlton brand. The sides also exchanged views on the forthcoming stages of the project’s phased implementation.
Construction commenced in August 2024. Currently, works are proceeding in accordance with the approved master plan. The three-level underground structure of the hotel building has been completed, and construction of the second above-ground floor is underway. For the “North” tower, underground works are at the final stage, while excavation and structural works for the underground floors have begun in the “West” tower.
Following the meeting, both parties reaffirmed their mutual commitment to ensuring the project’s timely implementation in full compliance with the highest quality standards.