Namangan regional Government of Uzbekistan and Saudi Arabian “Al Qusaier Company” on October 18 signed Memorandum of understanding and cooperation to realize “Namangan City” project.
The Memorandum signed by the Governor of Namangan region Hayrullo Bozorov and Abdulaziz Al Qusaier, head of “Al Qusaier Company” includes the entire process from design to complete commissioning of the International Business Center “Namangan City” that will be built in the center of Namangan city on an area of 78 hectares.
In accordance with the Memorandum, “A” class residential complexes and villas, a kindergarten, an international school, a modern shopping center, several multi-purpose buildings, three-, for- and five-star hotels, a congress hall and exhibition center, a financial center, office buildings, restaurants will be constructed.
The project will be fully financed by “Al Qusaier Company”. The development of the infrastructure of the zone of the project, construction of roads, fiber-optic communication lines, electricity, gas and water supply networks will be undertaken by Namangan regional Government.