Emin Agalarov - The Times Of Central Asia

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Environmental Assessment

Uzbekistan’s $5 Billion Sea Breeze Resort Awaits Environmental Review

Uzbekistan’s environmental authorities have still not received the full set of documents for Sea Breeze Uzbekistan, a controversial $5 billion resort planned on the shore of the Charvak Reservoir. Azerbaijani businessman Emin Agalarov presented the project to Uzbek authorities in late 2024, and Agalarov Development is participating in the venture. Although the government approved the investment project in August 2025 and public hearings were held in January, key technical documents required for the second stage of the state environmental review remain outstanding. Sea Breeze is planned to cover 577 hectares on the eastern shore of Charvak, around 80 kilometers from Tashkent. The year-round resort is expected to include hotels and residential developments, along with dining and entertainment facilities. Gayrat Mukhamedov, director of the State Center for Environmental Expertise, told Gazeta.uz that “only the first stage of the procedure,” involving the selection and allocation of land, has been completed. The center has not yet received the documents needed to assess the environmental impact of the complex itself. The location has been one of the main sources of controversy surrounding the project. Charvak lies in the foothills of the Western Tien Shan and remains one of Uzbekistan’s most popular recreational areas. After the Sea Breeze plans were published, environmentalists and civic activists called for more information about the potential impact of development on the reservoir. In the summer of 2025, the #SaveChorvoq campaign emerged on social media. On August 1, 2025, the Cabinet of Ministers approved the investment project. It is being implemented by Sea Breeze Uzbekistan LLC, a joint venture established with the participation of Agalarov Development. One of the conditions is protecting Charvak from pollution. Wastewater must be taken outside the coastal zone and sent to a centralized treatment system, with no discharge into the reservoir. The requirement applies both during construction and during the subsequent operation of the resort. Mukhamedov said the environmental review center is still waiting for final technical data on the treatment system, including its capacity, as well as definitive figures for the resort’s accommodation capacity and the number of cottages, homes, and other facilities. Public hearings on the environmental impact assessment for Sea Breeze were held in Bostanlyk District on January 23, 2026. The issues scheduled for discussion included the project’s impact on water, air, and soil, waste management, preservation of green areas, and environmental monitoring. At the hearings, project representatives discussed the future sewage system, wastewater treatment, and measures to preserve biodiversity. The plan envisaged wastewater being collected through a centralized sewage system for treatment away from the reservoir. The public hearings, however, do not replace the second stage of the state environmental review. More than six months later, the technical documents for that stage have still not been submitted. Mukhamedov said the next phase will depend in part on seasonal studies by Uzbekistan’s Institute of Botany and Institute of Zoology into the possible effects on local flora and fauna. The work is expected to span autumn, winter, and spring, while the environmental review...

Crocus City Hall

Lawyers for Crocus City Hall Victims Seek Agalarov Asset Seizure

Lawyers representing victims of the March 2024 terrorist attack at Crocus City Hall near Moscow have petitioned Russia’s Investigative Committee to freeze the assets of businessmen Araz and Emin Agalarov. Attorney Igor Trunov, who represents several victims, told RBC, a major Russian business news outlet, that the request targets companies under the Agalarovs’ Crocus Group: JSC Crocus, the private security firm Crocus Profi, and JSC Crocus International. According to Trunov, JSC Crocus was responsible for the fire suppression system and evacuation mechanisms at the venue. Crocus Group organized cultural events at Crocus City Hall, while Crocus Profi provided security services. Lawyers argue that these companies failed to ensure adequate safety and should bear partial responsibility for the attack’s human toll. “We are requesting data from the Unified State Register of Rights to identify remaining assets, as properties are being sold and funds moved abroad,” Trunov said. He added that the petition forms part of the broader criminal investigation, which includes two separate proceedings: one targeting the perpetrators of the attack, now in court, and another examining the actions of those responsible for managing the building. The Crocus City Hall attack occurred on March 22, 2024, when armed assailants stormed the concert venue during a performance and set fire to parts of the building. The attack killed 146 people and injured hundreds more, making it one of the deadliest terrorist incidents in modern Russian history. In addition to the terrorism charges, a parallel case was opened in March under Article 238 of Russia’s Criminal Code, which covers the provision of services that fail to meet safety standards when such violations result in deaths. Investigators concluded that the fire suppression system did not activate, allowing the blaze to spread rapidly. The use of highly flammable construction materials during renovation further intensified the disaster. According to Trunov, at least 45 people died directly from extreme heat and toxic smoke inhalation, deaths that might have been prevented had safety systems functioned properly. The Agalarov family, long prominent in Russia’s business and entertainment spheres, has also faced scrutiny in Central Asia. In Uzbekistan, Araz Agalarov’s plans to develop the Sea Breeze Charvak resort complex near Tashkent sparked intense public backlash earlier this year. Environmental activists raised concerns about the potential destabilization of fragile clay soil along the Charvak reservoir and broader ecological risks. Despite widespread opposition, the Uzbek government approved the project, fueling national debates on transparency, environmental governance, and the role of foreign developers in the tourism sector. RBC reported that it had requested comment from representatives of the Agalarovs regarding the asset seizure petition, but no official response has been issued. For the victims’ legal teams, the central question is whether accountability for the Crocus City Hall massacre will be confined to the attackers themselves or extended to those responsible for ensuring the safety of one of Russia’s most prominent cultural venues.

Environmental Risk

Economist Raises Concerns Over $5 Billion Sea Breeze Resort Project at Charvak

The Uzbek government has approved the construction of the Sea Breeze Uzbekistan resort complex along the Charvak Reservoir, granting the investor 577 hectares of land on a 25-year lease at a sharply reduced rate. According to a Cabinet resolution, construction may begin even before the completion of project documentation. Tree relocation is expected as part of the development process. The project, led by Russian-Azerbaijani developer Emin Agalarov, envisions a new lakeside tourist destination complete with hotels, villas, swimming pools, sports facilities, restaurants, shops, and a bridge linking both sides of the reservoir. Financial Concerns Raised by Local Economist Uzbek economist and blogger Otabek Bakirov has voiced strong concerns over the project, arguing that while public debate has focused on environmental issues, the financial aspects have not been adequately examined. After reviewing the Cabinet resolution, he raised several questions about investor selection, project financing, lease terms, and the shifting of infrastructure costs onto the state. Questions About Investor Selection The government resolution names Sea Breeze Uzbekistan, a joint venture involving Agalarov’s development firm, as the winner of the site through what it describes as the “best proposal.” Bakirov questioned whether other bids were solicited or evaluated and whether any Uzbek partners hold ownership in the project. He noted that the resolution lacks information about the local share. Skepticism Over Project Financing Bakirov expressed doubt about the reported $5 billion investment figure, suggesting the Agalarov family likely lacks the capital to fund the project independently. “The Agalarovs don’t have their own $5 billion, which means the money will be borrowed,” he wrote. He questioned the source of financing, the terms of any loans, and what guarantees would be provided. He also pointed to a provision allowing the land to be subdivided and released without restrictions, warning that this could lead to speculation rather than real development. Concerns About Lease Pricing The land was leased for 17 billion soms (approximately $1.4 million), to be paid in installments over five years. This price reflects a 0.01 coefficient discount granted as an incentive. Bakirov argued that such a deeply discounted lease is inappropriate for a large-scale commercial venture. “Why has such a drastically reduced price been set for a commercial project, when this is a major business venture and not a social initiative?” he asked. He called for comparisons with other tourism projects to determine whether similar incentives were offered. “Mr. Agalarov is not building a hospital; he is building a commercial enterprise,” he added. Public Funding for Private Infrastructure According to Bakirov, the resolution assigns responsibility for essential infrastructure—such as access roads, utilities, and the reservoir bridge—to the Uzbek government. He argued that these should be covered by the investor. “Weren’t sewage treatment and bridge construction supposed to be the investor’s responsibility? Or were the public presentations misleading?” he asked. He emphasized the contradiction between promoting Sea Breeze as a $5 billion private investment and then shifting core expenses to the public sector. Fast-Tracked Construction Raises Red Flags Bakirov also criticized the decision to...