Tashkent, Uzbekistan (UzDaily.com) -- Shares of JSC "Kokand Mechanical Plant" will be put up for competitive bidding, the State Assets Management Agency said.

According to the Decree of the President of the Republic of Uzbekistan No. DP-4388 dated July 9, 2019, it is planned to sell 64.08% of state shares of JSC "Kokand Mechanical Plant".

The company's activities include the production of pressurized and non-pressurized vessels from metal, non-standard equipment, spare parts for oil and gas drilling rigs, gas cylinders and other products.

Total land area - 12.15 ha. Production area - 44,000.4 square meters.

The company has all communication networks (electricity, water, gas). There are empty production areas to implement new production projects.

Investors who interested in purchasing shares of the company should indicate in their offers the proposed purchase price for state shares, brief information about the investment project, implementation period, amount of investment and the number of new jobs created.

The investment proposals are summarized and the initial conditions are determined on the basis of the best offer, and a decision on the sale of state shares in the tender is made by the State Tender Commission. The terms of the tender will be announced in the media. The tender process is based on the principles of openness and transparency. The deadline for submission of proposals is July 20, 2020.