IT Park Uzbekistan and China Construction Bank (CCB) signed a term sheet to finance the construction of regional IT complexes in Uzbekistan.
What happened
The document was signed during an IT Park delegation visit to Hong Kong and Shanghai. As IT Park Uzbekistan reported, the agreement will serve as the basic financial framework for projects implemented jointly with Shanghai Construction Group (SCG).
The plan involves creating modern technology hubs across several regions of the country. The exact list of cities and the volume of funds raised remain undisclosed at the term sheet stage.
Country and market
Uzbekistan is actively expanding its digital infrastructure beyond Tashkent. Regional IT Park branches are necessary to retain local specialists, create local jobs, and develop regional startup ecosystems.
Attracting foreign contractors and external capital accelerates the launch of these facilities without placing a critical burden on the state budget.
Why it matters
Access to capital from one of China’s largest banks provides an opportunity to scale infrastructure through long-term financing. For local tech companies, this means new equipped workspaces, and for the country, an additional channel for integration into international investment networks.
The direct participation of Chinese capital in regional infrastructure cements Uzbekistan’s status as a clear entry point for Asian tech investors.
What’s next
Signing a term sheet locks in the intentions and basic conditions of the partnership. As a next step, the parties must translate these agreements into firm contracts: approving specific funding amounts, implementation timelines, and the geography of the complexes.