China's CAMC Engineering landed a contract worth $289mn to construct the critical competition and service facilities for the 2025 Asian Youth Games (AYG) in Uzbekistan, Yicai Global reports.
According to the agency, Uzbekistan's Olympic City project includes the games' main stadium, competition venues, dormitory buildings, and other facilities.
Uzbekistan's capital Tashkent is set to host the 2025 AYG, held once every four years, the Olympic Council of Asia said in early May.
The investment and construction of the Olympic City project in the Central Asian republic would help consolidate the company's expertise in civil construction, such as comprehensive large-scale sports venues, and expand the firm's overseas market share, CAMC noted.
Though the Beijing-based engineering contractor did not disclose any further details, such as the construction schedule, it still needs to further discuss with the project owner the commercial contract terms, financing mechanisms, and other specifics.
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