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

“Buildings of the future will be assembled like airplanes, in a factory, not on a construction site.”

David Fisher, Founder of Dynamic Architecture

“Nobody wants to overpay, not even for architecture. People choose compact apartments but demand a comfortable urban environment and ecosystem.”

Vladimir Ivanov, Managing Partner, Spectrum Group of Companies

“If you don’t build with proper quality from the start, a project that costs a hundred can end up costing two hundred a few years later.”

Philippe Dessoy, General Manager, BESIX Group, President of CICA

On the final day of the Tashkent International Investment Forum, a dynamic and content-rich panel session titled “From the Cradle of Renaissance to the Future of Construction” brought together international experts, investors, and architects focused on the region’s largest urban development initiative, New Tashkent. The session was moderated by Abdulla Abdukodirov, First Deputy Director of the Agency for Strategic Reforms under the President of the Republic of Uzbekistan.

David Fisher, presenting the concept of Dynamic Towers, rotating skyscrapers, expressed readiness to implement such a project in Tashkent. According to him, these buildings are easier, cheaper, and faster to construct, as all floors are standardized and assembled in a factory. This ensures high quality, energy efficiency, and minimal operating costs. A similar project featuring dynamic buildings will soon be implemented in a major U.S. city and possibly simultaneously in Uzbekistan. The project is planned to be financed through Italian export credit, covering up to 85 percent of the costs.

Philippe Dessoy, in his remarks, stressed that although construction quality in the region is improving, there is still a long way to go before reaching optimal standards. “If you don’t build properly the first time, rework and costs are inevitable later. That’s not savings, that’s deferred losses,” he noted. He also emphasized the importance of safety, especially in high-rise construction, and positively assessed the presence of a young and capable labor force in Uzbekistan as a foundation for growing professionalism and adopting new standards.

Vladimir Ivanov emphasized that the megacities of the future are being built not just for investors, but primarily for people. These cities, he noted, are polycentric by nature. Presenting the expectations of younger generations, he explained that the residents of New Tashkent, especially those from Generation Alpha, are looking for a completely different way of life. They want more access to nature, personal mobility, smart infrastructure, and lower utility costs.

“Younger people say things like, ‘Architecture is something I experience with my eyes and emotions. I want to go see it and appreciate it, but when it comes to buying an apartment, I’ll choose something compact and modest. I don’t need a lot of space and I don’t want to pay for it. What matters to me is stepping outside into a comfortable public environment - a place where I can meet friends, play sports, engage in activities, and grow as a person.’

“It’s fascinating,” Ivanov added. “Our generation aspired to own large apartments and spent years working toward that. But this new generation is different. They live by a new set of values.

He also noted that low urban density drives up infrastructure costs and called on planners to maintain a balance between space, economy, and sustainability. Among the key principles of urban planning, he listed digitalization, eco-friendly materials, a connection to history, and a strong focus on the ESG agenda.

“Tashkent already contributes over 20 percent of the country’s GDP. With the development of the new city, this share will grow because this is where people who know how to create added value will live and work,” he concluded.

The session highlighted that Tashkent has the potential to become one of Central Asia’s key growth centers. Regional leaders have already voiced shared interests and the need to combine efforts. In a world of global competition, those who succeed are the ones who can concentrate talent, ideas, and capital in a single location. New Tashkent is a chance to build not just a modern city but a model of a sustainable metropolis, one that attracts investors, engineers, urban planners, and future generations.

Uzbekistan is shaping the future today. Projects like New Tashkent are defining the face of the region for decades to come.