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Uzbekistan: State Assets Proposed for Sale at Zero Cost
Source: news.uzreport.uz
Source Date: Friday, December 23, 2016
Focus: Electronic and Mobile Government
Country: Uzbekistan
Created: Dec 26, 2016

The State Committee of the Republic of Uzbekistan for privatization, demonopolization and competition development jointly with the Tashkent region khokimiyat held a series of meetings with entrepreneurs in order to attract them to purchase state assets, including at zero value under investment commitments.

Activities were held at all city and district centres of the Tashkent region with the participation of the Committee's management, relevant departments' staff and business entities and lasted from 20 to 22 December.

The participants of those events received detailed information about state property objects, available favorable conditions and opportunities for investment.

Great attention in recent years has been paid to privatization. Referring to the figures, it can be noted that as a result of actions performed, the number of privatized objects has increased dramatically in recent years. If in 2010-2012 the average number of privatized objects was 100 units, in 2014-2015 this figure made up 288 and 848 units, respectively.

Only in 2015, 570 objects of state property were given to entrepreneurs at zero cost under investment and social commitments, with the volume of commitments under contracts amounting to 1.1 trillion soums and $50 million. This, in turn, resulted in the creation of more than 25 thousand new jobs.

The production established on the basis of privatized assets conforms to world standards, are export-oriented and competitive in global markets.

The Tashkent region pays great attention to attracting investors from the private sector to acquisition of idle and unused property complexes, proposed at zero cost.

For the first 11 months of the current year, the Tashkent territorial office of the Committee proposed 171 idle and unused property complexes at zero cost.

As a result of the establishment of new types of production and services, the total amount of investments amounted to 135 billion soums and $19.6 million, which provide for the creation of more than 3.5 thousand new jobs.

However, there is a number of tasks pending. To date, there are 34 objects of state ownership, provided for implementation to entrepreneurs under investment commitments.

All project proposals put forward are supported and will be considered by the Committee and its territorial offices.

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