Uzbekistan to sell state assets in large enterprises to investors

The objects will be realized in line with the resolution of the President of Uzbekistan Islam Karimov “On measures on increasing share and importance of private property in economy” from 28 April 2015.

State assets will be realized in enterprises of Uzkimyosanoat, Uzbekneftegaz, Uzeltehsanoat, Uzbekyengilsanoat, Uzqurilishmateriallari, Uzvinosanoat-holding, Uzavtosanoat and other industries and departments.

In particular, Uzbekistan is planning to sell state shares in large enterprises of chemical industry such as Navoiazot (49%) and Ferghanaazot (48.5%).

The Government also plans to realize 35.9% state share in Qizilqumcement, 75% in Quartz and 33% in Jizzakh Battery Plant.

Shares of the state in Aloqabank (47.6%), Turonbank (63.1%) and Uzagrosugurta (24.6%), as well as Kafolat (15.5%) will be sold to investors.