Tashkent, Uzbekistan (UzDaily.com) -- President of Uzbekistan Shavkat Mirziyoyev held a meeting on the privatization of state-owned facilities on 8 November.

The presence of the state in the economy is gradually decreasing, the share of the private sector is growing dynamically. In 2021-2022, it is planned to reduce the number of enterprises with a state share by at least 3 times. Since the beginning of this year, 619 state assets worth 4.5 trillion soums have been sold.

In his inaugural speech, the President of the Republic of Uzbekistan Shavkat Mirziyoyev stated that accelerating the transformation and privatization of state-owned enterprises will be one of the priorities of economic reforms.

Necessary measures in this direction were discussed at today's meeting.

The head of state stressed that the main issue is the introduction of new methods of privatization and ensuring transparency at all its stages.

The importance of increasing the financial stability and investment attractiveness of privatized enterprises is noted. To this end, the task was set to develop a strategy for the privatization of large industrial enterprises with the involvement of reputable foreign consultants. The necessity of attracting managers of international level to the management of strategic enterprises is emphasized.

It was determined that in the process of selling assets worth more than $ 10 million, the acceptance and evaluation of proposals will be carried out by an independent foreign consultant.

The tasks for the next year have been determined. Thus, it is planned to sell 32 large state assets, carry out the privatization of Uzpromstroybank, and also put up for sale 368 non-core and ineffective assets of state enterprises. 770 assets in the regions have been prepared for sale. It is expected that due to this, the budget will receive about 10 trillion soums. Responsible persons were instructed to accelerate work in this direction.

The President emphasized the need to attract strategic investors to state-owned enterprises, not only using existing capacities, but also expanding the activities of enterprises.

For example, on the basis of Navoiazot, a cluster of the chemical industry is being created with the organization of three separate enterprises. An experienced private operator will be hired to manage the cluster's infrastructure.

The head of state noted the importance of investors, along with investing capital, proposing new projects, introducing modern knowledge and technologies.

Responsible persons were instructed to develop a privatization program for 2022, taking into account the tasks set.