A presidential decree issued on August 28 outlines Uzbekistan's strategy to decrease government involvement in the national economy by divesting from various state-owned entities. Key assets slated for sale include a 98.9% stake in Turonbank and the full privatization of the insurance firm Xalq Sug‘urta. The government also intends to sell significant portions of railway-related manufacturing plants, the International Business Center, and Uzexpocentre, with the latter two requiring specific approval from the Presidential Administration. Furthermore, the initiative encompasses the divestment of road construction and maintenance firms, as well as numerous retail markets and shopping centers across multiple regions. A minor share in Trastbank is also included in the divestment list. The Ministry of Economy and Finance is responsible for managing these sales, utilizing international consultations to ensure the readiness of these enterprises for public auction.
Source : Gazeta.uz
Photo : Gazeta.uz
