Major consortium led by Vision Invest secures 35–year management deal for new Tashkent airport

The consortium bringing this mega-project to life is led by Saudi Arabia’s Vision Invest, alongside Japan’s Sojitz Corporation and South Korea’s Incheon International Airport Corporation. Ownership stakes within the international consortium are distributed with Vision Invest holding 45%, Sojitz Corporation taking 30%, Incheon International Airport Corporation maintaining 15%, and Uzbekistan Airports retaining a 10% share.

The new aviation hub will be constructed between 2026 and 2030, spanning 1,310 hectares across the Urta Chirchiq and Quyi Chirchiq districts of Tashkent region. According to the Ministry of Transport, the facility will be transferred to external private management for a 35–year term following its commissioning, keeping it under consortium operation until approximately 2065.

The initial phase of development outlines the construction of two 4–kilometer runways, a passenger terminal covering 208,000 square meters, 98 aircraft parking stands, an advanced refueling complex, and an air traffic control tower. Under the terms of the agreement, the private partners will handle the operational management and future expansion of the passenger terminal and the forecourt area, while the state remains responsible for building and maintaining the core airfield complex.

Uzbekistan Airports emphasized that extensive preparations preceded the final signing. In compliance with the mandates of international financial institutions, the groundwork included comprehensive environmental and social impact assessments, the drafting of documentation to relocate existing utility networks, and initial site clearing.

"The airport project was developed at the initiative of the president with the direct support of the government, the Ministry of Economy and Finance, and the Ministry of Transport," stated Jakhongir Umarhodjaev, CEO of Uzbekistan Airports. "The new Tashkent International Airport will become a modern, high-tech aviation hub capable of meeting the growing needs of passenger and cargo transportation for decades to come."

Umarhodjaev added that the partnership allows Uzbekistan to acquire world-class expertise in designing, building, and managing large-scale airport infrastructure using the latest industry technologies, effectively reinforcing the country's position as a premier regional transport hub.

A phased construction timeline has already been finalized. Relocation of engineering and utility networks is scheduled to begin by the end of June to complete the final site preparation.

The initial foundation stone for the venture was laid in October 2025 by President Shavkat Mirziyoyev. Once fully operational, the hub is projected to initially handle up to 20 million passengers and 129,000 tons of cargo annually, manage up to 30 takeoffs and landings per hour, and accommodate 62 aircraft simultaneously.

Long-term projections indicate that the new passenger terminal will be four times larger than Tashkent's current airport infrastructure, with the potential to eventually scale up to a capacity of 46 million passengers per year, supported by more than 40 jet bridges and 160 aircraft stands. The complex will be directly integrated with the Tashkent–Samarkand, Tashkent–Andijan, and Tashkent–Bostonlyk toll highways. It will also feature a dedicated high–speed railway station and specialized shuttle services running between the capital and New Tashkent.

According to reports, the new international airport is tentatively scheduled to welcome its first flights in 2029.