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Economy 17/10/2024 Share of private ownership in Uzbekistan’s economy to significantly increase

Share of private ownership in Uzbekistan’s economy to significantly increase

Tashkent, Uzbekistan (UzDaily.com) —  Measures aimed at expanding the share of private ownership in Uzbekistan’s economy have been approved.

On 16 October, the President of Uzbekistan issued a decree amending several legislative acts.

According to the changes, the sale of state equity stakes to foreign investors in foreign currency will be allowed through auctions on the Republican Stock Exchange "Tashkent," with the option for payment in a currency specified in the contract.

Additionally, the amendments provide for the auctioning of land plots located in special economic zones, small industrial zones, youth industrial zones, and entrepreneurial zones, in accordance with their master plans, after ensuring the necessary infrastructure and acceptance by the state acceptance commission.

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