New Tashkent: Investors in Large Projects Get 20 Years Without Land and Property Tax

Investors who put money into large urban development projects in New Tashkent will not pay land or property tax for 20 years. The decision has been adopted, Spot.uz reported. The benefit applies to legal entities in projects with at least $50 million in investment. Profit tax for them will be 1% for up to 15 years, depending on the size of the investment. According to Daryo.uz, these are specifically large urban development projects.

New Tashkent is a major program to expand the capital, with housing, roads and social infrastructure. For developers and their contractors, land and property taxes were among the heaviest cost items. A 20-year exemption changes the economics of projects: land and finished buildings stop weighing on costs, and the low profit tax lets investors reinvest longer. This signals that the state is ready to support large investors. Around such projects, demand for contract work, materials and equipment will grow.

What this means for suppliers

Those who work with large developers and general contractors benefit. The benefit goes to investors, not directly to their suppliers, but more construction in New Tashkent will pull procurement along. Expect tenders for construction and installation work, building materials, engineering equipment, landscaping, as well as design and consulting. Exact timing and volumes are unknown in advance — they depend on how fast investors enter projects. But it is worth preparing now.

Note: the benefit is tied to the $50 million threshold. That means procurement will concentrate around a few large customers, not spread across small sites. If you supply equipment, materials or services for construction, study which large investors have already announced projects in New Tashkent and reach out to them directly.

According to TenderLabs, as of November 11, 2026, the Construction sector has 2,524 open lots — the largest pool among all industries. Competition there is high, but procurement volume is large too. Another 15 open lots are in Real Estate and Land — few, but directly linked to the land and property issues that are now changing for investors.

What to do now

1. 1Check whether you are in the supply chain for large urban projects: construction work, materials, engineering systems, landscaping, design.
2. 2Prepare your documents in advance: electronic signature, registration papers, product certificates, proof of experience. Large customers check suppliers strictly.
3. 3Find out which companies are announcing projects in New Tashkent and prepare commercial offers for their profile.
4. 4Track procurement in the Construction sector — it has the most open lots, and new ones will appear as investor activity grows.
5. 5If you work with real estate or land, check how the benefit applies to your type of property: it covers investors in projects from $50 million, not all market players.

TenderLabs data helps you see where procurement is growing and prepare in advance.

Photo: Spot.uz