The Nikkei Asia news portal reported that the Japanese company Sojitz will invest in the construction of a new international airport in Tashkent.
According to the publication, Sojitz will start implementing the project this year. The construction is part of the company’s $1 billion infrastructure investment.
The Tashkent airport will be built in partnership with the Saudi company Vision Invest on the basis of a public-private partnership. Sojitz plans to invest tens of billions of yen, or hundreds of millions of dollars, in the project. The company has previously participated in international airport projects in Kumamoto and Okinawa prefectures, as well as on the islands of Palau.
“The project for a new airport in Uzbekistan was approved in August 2025. According to the plan, its opening is scheduled for 2028. The new airport will be able to handle up to 20 million passengers per year and provide more than 40 takeoffs and landings per hour, making it the largest in Central Asia,” the article notes.
Sojitz also plans to participate in other infrastructure projects in Uzbekistan. Together with the Turkish company Ronesans International, it plans to build a large 800-bed hospital, a 1 GW wind farm, and a 1.6 GW thermal power plant in Samarkand.
According to Nikkei Asia, Uzbekistan is the largest country in the region with a population of 37 million. Annual GDP growth exceeds 6%, and tax breaks and incentives are available for foreign investors. The corporate tax rate is 15%.
“As of October 2024, 54 Japanese companies are operating in Uzbekistan, twice as many as in 2019. In June, Sojitz opened its first official office in Tashkent,” the publication notes.
The article also notes that other Japanese companies are actively developing infrastructure projects in Uzbekistan. For example, Toyota Tsusho, through its subsidiary Eurus Energy Holdings, is exploring a site for a 500 MW wind farm and has signed an agreement with NEC to build data centers. Marubeni, in partnership with the UAE, is implementing a project to build a wastewater treatment plant.
In addition, Nikkei Asia reports that Uzbekistan is in talks with Japan’s Ministry of Economy, Trade, and Industry to expand cooperation in the extraction of mineral resources, particularly those of strategic importance.
The cost of housing construction since the beginning of 2025 has increased on average by 10-25% depending on the class of housing, the main factors of growth were the rise in the cost of construction materials and logistics, as well as the increase in wages in the industry, Ukrainian developers told the agency “Interfax-Ukraine”.
“The cost of construction in 2025 continues to rise, and this has already become a systemic phenomenon rather than a temporary challenge. Since the beginning of the year, costs have risen by 10-15% on average, depending on the class of housing. Among the key factors are the rise in the price of construction materials, increased logistics costs, currency fluctuations, shortage of qualified personnel and salary increases,” the press service of City One Development told the agency.
According to the company, prices for construction materials since the beginning of 2025 show a moderate growth of 10% on average. Thus, the price of concrete has increased by 6%, metal – more than 2%, cement – more than 10%, plaster – more than 13%, and bricks have risen in price by more than 9%. At the same time, the phase of a sharp price jump in the market of construction materials has already passed, the developer believes.
“We recorded the most significant price increase compared to the pre-war period in 2024. Then the price of metal rose by 21%, concrete – by 47%, bricks – by 10%. Such dynamics indicates that the market has already passed the phase of a sharp price jump, and the current growth is a gradual correction rather than a new shock,” the company said.
According to the press service of Alliance Novobud, concrete and rebar have increased in price by approximately 5-7% since the beginning of the year, waterproofing materials – by 7-10%, cable products by 10-15%. In addition, insulation and reinforced concrete products have significantly increased in price – up to 25%, PVC windows – by almost 20%, heating radiators – by 23.5%.
“We can note an increase in the cost of building materials in the range of 7-25%, which is caused by exchange rate fluctuations on the import component, logistics costs due to the war and change of routes and devaluation of the hryvnia”, – explained the developer.
In addition, the prices for almost all types of construction and installation works have increased: since the beginning of the year the growth amounted to 15-25%, noted in Alliance Novobud.
According to the information of Ramil Mehdiyev, CEO of Enso Company, engineering systems and finishing materials have risen in price the most. At the same time, the expert noted that prices for certain locally produced building materials remain stable.
In turn, DIM Construction Director Vladimir Zhigman noted that construction materials, which depend on imported components, energy costs in production or logistics, have gone up in price the most.
“The rise in the price of concrete mixes, reinforcement, insulation and engineering solutions is the result of broken chains, not just inflation. The materials that have risen in price the most are those that rely on imports, energy costs in production or delivery. For example, basic materials are increasingly imported, and logistics have lengthened – the time to order materials has increased by one and a half to two times,” he explained.
According to the expert, if in pre-war 2021 the share of imported building materials in the construction market of Ukraine amounted to 14%, then by the middle of 2025 it has increased to about 30%. Prices for foreign materials are largely unchanged, while Ukrainian manufacturers are forced to raise prices for their products due to relocation, suspension and limitation of production due to the war.
Now Ukraine is fully dependent on imported glass, which has increased in price by 10-20%, said Avalon commercial director Oleksandr Baryliuk. According to him, there are no prerequisites for a decrease in the cost of building materials, although due to the recession in Europe certain imported products may become cheaper.
“Glass has increased in price most of all. Ukraine is fully dependent on imported raw materials from Europe. Additionally, manufacturers often artificially create shortages during the season of peak demand, which raises the cost even more. As a result, glass has risen in price by 10-20% and remains one of the most unstable materials for construction,” he explained.
Rising prices for construction materials and construction works are one of the main contributors to the rising cost of housing construction, confirmed developer RIEL.
“More resource is needed to realize projects today. This is due to the rising cost of materials and construction and installation works. The cost of a square meter in a new building in Lviv and Kiev in 2025 increased by 25% compared to 2021”, – reported his experts.
In addition, the cost of construction was also affected by the increase in wages in the construction industry.
“It is in 2025, the figures have not changed significantly – by 5-7% since the beginning of the year, but compared to the beginning of 2024, the growth is 15-18%. This is affected by the increase in the wage fund, the cost of materials and operation of machinery – in general everything has gone up in price,“ added Maxim Odintsov, development director of the Odessa construction company ”Two Academics”.
In the first half of 2025, 51,500 apartments were commissioned in Ukraine, which is 6.7% less than in the same period last year, according to the State Statistics Service. The total area of new housing was 4.27 million square meters (-6.4%).
The leaders in construction remain the Kyiv region (9,853 apartments), Kyiv (7,380), and Lviv region (5,646, +8.9%). Together, they accounted for almost half of all new construction.
The main breakthrough was in the Odesa region, where 6,570 apartments were completed, which is 56% more than a year earlier. Growth was also seen in the Cherkasy (+51.6%), Mykolaiv (+35.8%), Chernihiv (+24.4%), and Ternopil (+23.7%) regions.
At the same time, a serious decline was recorded in the Kharkiv (-40.4%), Zhytomyr (-37.7%), Zaporizhzhia (-30.6%), Sumy (-29.1%), and Volyn (-27.2%) regions. The reasons for this are proximity to the front line, population migration, and falling demand.
Experts note that the overall decline in volume does not mean a crisis: the market is becoming more multipolar. Kyiv is gradually losing its monopoly, and new construction centers are forming in Odesa and Lviv.
Biopharmaceutical company Biopharma (Kyiv) has completed construction of a new pharmaceutical plant in Uzhhorod.
This was announced by Dmytro Kysilevsky, deputy chairman of the parliamentary committee on economic development.
“Biopharma Plasma has completed 80% of the construction of a plant for the production of blood plasma-based medicines in Uzhhorod. The industrial premises have already been fully built, the construction and connection of the energy infrastructure has been completed, and the installation of production equipment will begin in October,” he wrote on his Facebook page.
Kysilevsky specified that commissioning work at the plant is scheduled for late 2025-early 2026, with the launch of the first stage of production planned for the first half of 2026.
According to the plan, the volume of blood plasma-based drugs produced in Uzhhorod will be twice that of Bila Tserkva, amounting to 1.5 million liters of blood plasma per year.
Construction of the Biofarma Plasma plant in Uzhhorod began in the fall of 2024. The planned investment in the new production facility is approximately €80 million. The company’s Uzhhorod plant will focus on exports.
China has unveiled a new action plan for the steel industry, which includes a set of measures to address the chronic problem of oversupply. This comes amid Beijing’s intensified efforts to end a series of price wars raging in the economy, writes the South China Morning Post.
The plan, which includes a strict ban on the commissioning of additional capacity and measures to accelerate the decommissioning of obsolete equipment, could serve as an example for other industries suffering from overproduction and excessive competition.
The document, published on Monday by the Ministry of Industry and Information Technology in conjunction with a number of other agencies, calls for strict control over steel production capacity and volumes. It stresses that “coordinated efforts on both the supply and demand sides” are needed to stabilize the industry.
The plan aims to “accelerate the transition from old to new growth drivers, develop new productive forces, and further enhance the resilience and security of industrial and supply chains.” The steel industry should strive to increase added value by approximately 4% annually over the next two years and complete the modernization of more than 80% of steel production capacity to achieve ultra-low emissions by the end of this year.
Although Chinese steel companies account for more than half of global production, the average profitability of listed companies in 2024 was minus 0.26% due to structural problems in the industry, the report said.
According to CINDA Securities, 7.44 million tons of five major types of steel products were produced in the country in the first half of September, approximately 5.8% more than in the same period a year earlier. Steel inventories increased by 12.1% to 11.01 million tons, while consumption fell by approximately 4.6% to 8.5 million tons.
The composite steel price index is currently at 3,507 yuan ($493) per ton, which is approximately 2.6% higher than last year’s figure, but approximately 14% lower than in 2023.
In 2024, China reduced steel production by 1.7% to 1.005 billion tons.
The total area of residential buildings for which construction permits were issued (new construction) in January-June 2025 increased by 45% compared to the same period in 2024, to 2 million 965.2 thousand square meters, according to the State Statistics Service (SSS).
According to the statistics agency, in January-June 2025, the total area of new construction of apartment buildings increased by 45.8% compared to last year, to 2.86 million square meters. The number of apartments in multi-apartment buildings declared at the start of construction increased by 51.5% and amounted to 33 thousand.
The largest number of new homes in the first half of the year was declared in the Kyiv region: the total area of new housing construction was 904,900 square meters (15,500 apartments), which is 2.3 times higher than in the first half of last year.
Significant volumes of new housing in the reporting period were also declared in the Lviv region – 540,700 square meters (6,900 apartments), which is 65% more than in the first half of 2024, as well as in Ivano-Frankivsk – 234,600 square meters (+8%, 3.8 thousand apartments), Zakarpattia region – 159.3 thousand square meters (+11%, 2.4 thousand apartments), Poltava region – 146.9 thousand square meters (1.8 thousand apartments), Vinnytsia – 130.9 thousand square meters (“minus” 38.7%, 2.9 thousand apartments) and Volyn – 115.2 thousand square meters (+17.7%, 2.5 thousand apartments).
In Kyiv, in January-June 2025, the total area of new construction of housing was 367.2 thousand square meters (4.2 thousand apartments), which is 1.9 times more than last year.
The State Statistics Service reminds that the figures do not include territories temporarily occupied by the Russian Federation and parts of territories where hostilities are ongoing (or have been ongoing).
As reported, the total area of new housing construction in Ukraine in 2024 decreased by 7.2% compared to 2023 – to 3.9 million square meters, while in 2023 it was 4.2 million square meters, in 2022 – 6.67 million square meters, and in 2021 – 12.7 million square meters.
