Tashkent, Uzbekistan (UzDaily.com) -- Murad Buildings and the development company of Kazakhstan BI Group announced the creation of a joint venture NRG (the central office is located in Tashkent).

The first investment project of the newly formed company will be the construction of the NRG Oybek residential complex in the Mirabad district of Tashkent: partners will invest US$33 million in the project and plan to commission nearly 60 thousand square meters. m of housing in August 2021.

The partners plan to focus on the implementation of advanced management methods, materials and construction methods, including digital solutions for the development and planning of projects and data processing. Particular attention is paid to housing management, including smart home and smart repair technologies, based on the latest global innovative developments. For example, the opening of barriers and access doors, security systems, optimization of utility costs - all this will be controlled by residents using remote access via mobile applications.

“NRG is a union of like-minded people. The identical slogans of Murad Buildings and BI Group show that we equally see our mission: to build comfortable spaces and provide caring service. Our Kazakhstani partner enters the Uzbek market with an innovative approach to development, extensive experience in digitalizing processes and investments, the importance of which was emphasized by the President of Uzbekistan in his message to the Oliy Majlis this year. We expect that the joint work of our companies will help to increase the volume of housing rental, raise quality and lower prices for the end consumer,” said Murad Nazarov, founder and head of Murad Buildings.

“I am sure that within the framework of the partnership, BI Group and Murad Buildings are implementing truly unique, breakthrough projects. Our competencies, expertise and accumulated experience create an excellent basis for the success of our joint company. BI Group will bring high corporate standards and advanced technological solutions, and Murad Buildings - an understanding of the Uzbek market, well-established business relations, a wide range of reliable suppliers and streamlined business processes. We will not just build houses - our approach involves the creation of a well-thought-out ecosystem for residents, which will raise the quality of their lives to a new level,” said Aydin Rakhimbayev, Chairman of the Board of Directors of BI Group.

In addition to implementing projects in Tashkent, NRG plans to launch new investment projects in other regions of Uzbekistan.