Finntera Oy Explores Opportunities in Uzbekistan's Construction Market

The management of Finntera Oy has conducted a working visit to Tashkent to discuss participation in Uzbekistan's strategic infrastructure projects. The focus was on potential cooperation within the large-scale New Tashkent development program.

A Promising Market with Sustained Growth

Uzbekistan's construction sector is demonstrating stable growth, characterized by:

• An annual market growth of 15-20%.

• A population increase of over 500,000 people in 2024.

• A young demographic, with more than 60% of the population under 30.

• Government infrastructure investments exceeding $1 billion.

"The dynamics of Uzbekistan's construction industry and its demographic profile create ideal conditions for large-scale projects," stated Yevgeny Avtonomov, Chairman of the Board of Finntera Oy.

New Tashkent – Uzbekistan's Flagship Urban Development Project

The Tashkent master plan through 2045 includes the development of a new capital district, New Tashkent, spanning 20,000 hectares. The development program encompasses:

• Construction of residential complexes and social facilities.

• Development of modern transport infrastructure.

• Implementation of energy-efficient technologies.

• Creation of green zones and public spaces.

Finntera Oy and potential partners are exploring the use of its innovative monolithic-precast construction technology to accelerate the development of New Tashkent.

Our patented technologies are designed to significantly reduce construction timelines, automate key processes, lower material usage, and greatly enhance the safety and seismic resistance of buildings.

These innovative solutions can reduce design documentation time by 50%, cut overall project implementation by 20-30%, lower total project cost by 10-15%, and increase project profitability by 5-10%.

Partnership Prospects

To advance this partnership, Finntera Oy plans to establish a joint venture with a regional investor, granting it an exclusive license to use Finntera technologies in Uzbekistan. The goal is to commence the first construction projects by early 2026.

"We consider Uzbekistan a strategic growth market and are committed to long-term cooperation," said CEO Vitaly Vanhanen. "Our partners value not only the economic advantages of our technology but also the significantly enhanced seismic resistance it provides—a critical factor for decision-making in this region."