A major investment initiative is taking shape in Tashkent, Uzbekistan, as Saudi real estate giant Sumou Holding Company explores plans to build a large-scale residential district in the city’s expanding “New Tashkent” area.

The project, discussed during high-level talks with Uzbek officials, could be named the “Riyadh Quarter”, symbolizing growing ties between Uzbekistan and Saudi Arabia, The Caspian Post reports via Podrobno.uz.

Executives from Sumou Holding - ranked among the top 100 companies in the Arab world by Forbes Middle East - reviewed ongoing construction in the ambitious “city of the future” development. The company is offering a comprehensive approach, including project management, market analysis, and direct investment in New Tashkent’s real estate sector.

With extensive experience in large-scale housing projects, Sumou Holding signed contracts worth $533 million in 2025 alone to build 800 residential buildings in Riyadh, Dammam, and Al Khobar. That expertise is now expected to be applied to creating a modern, comfortable urban environment in Uzbekistan’s capital.