HONKARAKENNE OYJ STOCK EXCHANGE RELEASE INVESTOR NEWS 31 October 2025 at 13:15
HONKARAKENNE SIGNED A STRATEGIC PARTNERSHIP AGREEMENT WITH SAIPRO GROUP LLC IN UZBEKISTAN
Honkarakenne and SAIPRO GROUP LLC Signed Agreement on a Strategic Partnership to Further Develop the Green Hills Premium Resort and Santa Claus Park among other planned and envisioned resorts in Uzbekistan. The total value of the signed five-year contract is around 15 million euros.
The expansion represents the next phase in a successful partnership focused on high-quality, sustainable resort development in Central Asia. Over the next five years, the two companies will collaborate on the design, manufacturing, delivery, and construction of new climate-conscious wooden facilities at various resorts.
The President and CEO of Honkarakenne, Mr. Marko Saarelainen, comments the contract as follows: “This agreement reflects our commitment to bring Finnish wooden construction excellence to Uzbekistan as well as to new markets in Central Asia and to support sustainable tourism and premium living concepts in the area.”
Chairman of the Supervisory Board of SAIPRO GROUP LLC, Mr. Ravshankhon Djuraev, comments the contract as follows: “Together with our Finnish partner, we are shaping a modern and environmentally responsible resort destination in Uzbekistan — combining natural comfort, innovation, and quality.”
The agreement was signed in Tashkent on October 31 during the official visit of President of Finland Alexander Stubb to Uzbekistan. The signing ceremony was organized in conjunction with the Business Forum that was part of the official visit. The Green Hills Premium Resort project represents a new stage in Finnish–Uzbek cooperation, where advanced wood construction technologies meet the growing demand for sustainable development in the region.
For further information; Marko Saarelainen, President and CEO, tel. +358 40 542 0254, marko.saarelainen@honka.com.
Images and materials:
https://honka.mediabank.fi/fi/collection/view_share_link/3889a5c3234608140cb5f41208fa0e87
HONKARAKENNE OYJ
Marko Saarelainen
President and CEO
DISTRIBUTION
Nasdaq OMX Helsinki Ltd
Principal media
Finnish Financial Supervisory Authority
www.honka.fi
Honkarakenne Oyj manufactures high-quality, healthy and ecological log homes, holiday homes and public buildings under its Honka® brand from Finnish solid wood. The company has delivered 90,000 buildings to over 50 countries. House kits are manufactured in Finland, the company's own factory is located in Karstula. In 2024, Honkarakenne Group's net sales were EUR 36.7 million, of which exports accounted for 29 %. www.honka.com