Thousand state facilities put up for sale in Uzbekistan

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The President of Uzbekistan approved a new program for the privatization of state assets for 2023, which provides for the sale of over 1,000 state facilities. It is about subsidiaries and shares in firms of 39 large state-owned companies, 8 banks, 20 ministries, as well as other government agencies and local authorities, Gazeta.uz reports.

The document says that the State Assets Management Agency of Uzbekistan, khokimiyats and other government agencies have analyzed and proposed to cut over 30,000 state institutions, state-owned enterprises and enterprises in their system, as well as real estate.

A list of 1001 objects with state shares has been approved, which are planned to be sold in their entirety through public auctions.

As the Spot portal notes, we are talking about subsidiaries and shares in firms of 39 large state-owned companies, 8 banks, 20 ministries, as well as other government agencies and local authorities.

The objects being implemented included objects of such large companies as 50 assets of Uzavtosanoat, shares of Uzbekistan Temir Yollari in UzXCMG, Uztemiryulconteiner, Kuprikkurilish trust, 14 oil depots of Uzbekneftegaz, gas stations of UNG Petro, a share in a joint venture with Tatneft”, football clubs “Bukhoro”, “Nasaf”, “Mashaal” and others.

The relevant authorities of Uzbekistan were instructed to make an inventory of the exclusive rights granted to enterprises from the list and make proposals for their cancellation.

In addition, 1046 real estate objects owned by the state and companies with state shares will be put up for auction. Most of the property is supposed to be sold in Tashkent - 150 objects, Spot notes.

CentralasianLIGHT.org

April 3, 2023