The integrated nuclear power project entered active construction on 4 June. A task has been set to raise local content to at least 30% and assign 65% of construction and installation work to national companies.
Uzbekistan’s integrated nuclear power project in the Jizzakh region entered the active construction phase on 4 June 2026. The total project cost is stated at $9.5 billion, with approximately 3,000 types of products and equipment expected to be used during construction.
Preliminary estimates place the current share of locally produced goods at 21%, equivalent to $1.9 billion. A task has been set to raise this figure to at least 30%, ensure that national companies perform 65% of construction and installation work, and involve 7,000 local workers and specialists.
A 200-hectare industrial zone specialising in construction materials has been proposed in the Forish district. The plan envisages at least 100 joint ventures and the localisation of production across 15 areas through technology transfer. A draft decision on tax and customs incentives for participants is to be submitted by the end of 2026.
Construction quality and safety were identified as unconditional priorities. All work is required to comply with International Atomic Energy Agency requirements and international standards. In Portfolio Investments’ assessment, local-capability development and delivery against the stated localisation targets will be key execution markers for investors and suppliers.
This material is provided for general information only and does not constitute investment, legal or tax advice, or an offer or solicitation in any jurisdiction.