15 largest state-owned companies in Uzbekistan to issue eurobonds and launch IPOs
Tashkent, Uzbekistan (UzDaily.com) — On 9 April, a video conference meeting chaired by President Shavkat Mirziyoyev focused on the development of the tourism potential of the regions and the acceleration of investment projects with foreign partners.
During the meeting, it was noted that investment volumes from several countries decreased last year, and some projects with leading foreign investors have not been implemented this year.
Following the "Uzbekistan Investor Day" held in London in March, agreements were reached worth $2.77 billion. The President instructed to organize similar events in other international financial centers such as New York, Singapore, Hong Kong, Dubai, Shanghai, Tokyo, and Istanbul.
Important decisions regarding privatization are expected. According to plans, 15 major state-owned companies will issue eurobonds and carry out initial public offerings (IPOs), while the government’s stakes in 49 companies will be put up for sale on international markets.
"This will not happen by itself. Ambassadors must actively organize meetings, ministers and khokims must travel and hold presentations. Only then will there be results," emphasized Shavkat Mirziyoyev.
It was also reported that international investment forums will be held in Jizzakh in April and in Tashkent in June. The President instructed ministers and khokims to carefully prepare for these events by gathering well-prepared investment projects. Similar forums will be organized in all regions of the country throughout the year.
#Shavkat Mirziyoyev