Privatizes several State assets
27 Oct 2020
On 27 October 2020, the President of the Republic of Uzbekistan signed Presidential Decree No-6096 “On Measures for Accelerated Reform of Enterprises with State Participation and Privatization of State Assets”. It contains a list of over 500 state-owned enterprises and assets that will participate in privatization process from the following sectors: construction and building industry, project research organizations, chemical industry, finance and leasing companies, oil and gas industry, information technology network, wine industry, newspapers, publishing houses and magazine, medical institutions in the private sector, hotel and other service and others.
These measures are aimed to attract investors both from the domestic and foreign markets. In accordance with the Decree, the Ministry of Investments and Foreign Trade is required to take several measures to encourage foreign and domestic investments, including promotional meetings, dialogues, and road shows. Furthermore, the Ministry should undertake targeted measures to attract foreign investors with innovative experience into 62 state-owned assets (listed in Appendix 3 to the Decree).
Nature of measure:
Type:
-
Entry and establishment (Ownership and control)
Industry:
-
Primary (Agriculture, forestry and fishing, Mining and quarrying)
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Manufacturing (Manufacture of chemicals and chemical products)
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Services (Construction, Accommodation and food service activities, Publishing, audiovisual and broadcasting activities, Computer programming, consultancy and related activities, Financial and insurance activities, Scientific research and development, Human health activities, Other service activities)
Inward FDI:
Yes
Outward FDI:
No
Sources:
