Miahona to move forward with phase 2 of Uzbekistan sewage project

Logo of Miahona Co.

Miahona Co. signed an addendum on June 12 in Tashkent to its development agreement with Uzbekistan’s Ministry of Investment, Industry and Trade and Uzsuvtaminot joint stock company, the company said in a statement to Tadawul.

The addendum confirms the parties’ intention to proceed with the second phase of the agreement. It also outlines plans for joint cooperation in developing water and wastewater treatment plants in the Fergana Valley and Jizzakh region.

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According to the statement, Miahona and its Uzbek partners agreed to complete and accept the first phase of the project, which includes prefeasibility studies and a techno-commercial proposal submitted by Miahona. This phase remains subject to confirmation during the next stage of the project.

The parties also expressed mutual willingness to proceed with the second phase, which involves conducting detailed due diligence and feasibility studies for the updated project pipeline. The timeline for this phase has been extended by one year beyond what was previously announced.

Miahona said the addendum strengthens its international expansion strategy and supports its commitment to delivering sustainable water solutions.

According to data available with Argaam, Miahona initially signed the development agreement on Sept. 29, 2024, with Uzbekistan’s Ministry of Investment, Industry, and Trade. At the time, the company said the one-year agreement aimed to explore opportunities to develop four new wastewater treatment plants and assess the potential to take over the operation and maintenance of five existing water and wastewater treatment projects in the Fergana and Jizzakh regions.