Ministry of Investment, Industry and Trade of the Republic of Uzbekistan

TERMS OF REFERENCE
Selection of a Consultant for the Technical Assistance Project

“Establishment of the Tashkent International Financial Centre (TIFC) to Enhance the Investment and Business Environment of the Republic of Uzbekistan”

 

1. Client

 

Ministry of Investments, Industry and Trade of the Republic of Uzbekistan (hereinafter referred to as the “Client”).

 

2. Assignment Objective

 

The objective of this assignment is to select a qualified Consultant to provide expert and advisory services for the implementation of the Tashkent International Financial Centre (TIFC) project, including the development of strategic, institutional, legal, and organizational solutions.

 

3. Project Goal and Objectives

3.1. Project Goal

 

To establish an enabling administrative and legal framework, special operating conditions, and a robust institutional environment for investors and domestic and international businesses through the creation and promotion of the Tashkent International Financial Centre (TIFC).

 

3.2. Project Objectives

Establish the administrative and legal framework and ensure organizational procedures for the creation of TIFC

Develop the strategic positioning and specialization areas of TIFC, including special conditions for residents

Promote TIFC within the global investment and financial ecosystem

Enhance the existing legal framework and national financial market (institutional environment of TIFC) to facilitate investment inflows into Uzbekistan

Develop the digital infrastructure of TIFC

Promote Uzbekistan’s broader investment ecosystem internationally to increase investment inflows into the country and the region

4. Scope of Work

 

The assignment will be implemented in phases:

 

Phase 1: Establishment of the administrative and legal framework for TIFC

 

Phase 2: Organizational procedures for the establishment, promotion, and development of TIFC specializations

 

Phase 3: Development of the institutional environment and further organizational support for TIFC growth and promotion

 

Phase 4: Development of the TIFC digital platform and promotion of Uzbekistan’s overall investment infrastructure

 

5. Consultant Requirements

5.1. Qualification Requirements

 

The Consultant must:

 

Have at least 5 years of experience in providing expert and advisory services

Demonstrate proven experience in:

International financial centres

Financial markets

Have successfully implemented at least 2 relevant projects in these areas

5.2. Project Team Requirements

 

The Consultant shall propose an Expert Advisory Group (EAG) comprising international experts, including experts affiliated with World Alliance of International Financial Centres and other relevant international organizations.

 

The team must:

 

Specialize in the establishment, development, and promotion of international financial centres and financial markets

Have at least 5 years of relevant professional experience

Have prior experience working with governing bodies or administrations of international financial centres (at least one project)

Have participated in at least one project related to IFCs or financial market development

 

Supporting documents: CVs, portfolio, publications

 

5.3. Project Manager Requirements

 

The Project Manager must:

 

Have experience in similar projects

Possess proven international experience

Have relevant academic or analytical publications

Demonstrate experience working with government institutions

 

Supporting documents: CV, portfolio, publications

 

6. Proposal Requirements

 

The Consultant shall submit:

 

6.1. Technical Proposal

Description of the approach to project implementation

Methodology for delivering the services

Description of the project team and allocation of roles

6.2. Work Plan (Test Assignment)

Detailed implementation schedule

Timeline by project phases

Expected deliverables for each phase

6.3. Supporting Documents

Portfolio of relevant projects

CVs of the Project Manager and key experts

Publications and analytical materials

7. Project Duration

In accordance with the Technical Assistance Agreement: 2026–2027.

Criterion	Weight
Contractor’s experience	30%
Team qualifications	25%
Project manager’s qualifications	15%
Quality of the technical proposal	15%
Timeline (test assignment)	15%

8. Special Conditions

All deliverables must be submitted to the Client and properly documented

Services must be performed in accordance with the approved work plan and project requirements

9. Submission Details

Proposals must be submitted by 18:00 (UTC+5) on May 2, 2026 to the following email address:
tiifc.hr@miit.uz