π Tender Overview
Scope of Work:
To Build Ritz-Carlton hotel in Tashkent.
Description:
Azerbaijan's Pasha Holding, through its subsidiary PD Estates, plans to build a Ritz-Carlton hotel in Tashkent, estimated at $200mn. The project, scheduled for completion in 2026, will see the 5-star hotel boasting 150 rooms, with $7mn in loans to be disbursed by the end of the quarter. The project, designed by Nihon Sekkei and DP Architects, will be constructed by Murad Buildings.