Wed, 19 May 2021

TASHKENT, April 15 (Xinhua) -- Uzbek President Shavkat Mirziyoyev has approved a list of major state companies which will be listed for Initial Public Offering (IPO) between 2021 and 2023, according to a presidential decree on Thursday.

The state-owned companies that will be put up for IPO include Uzbekistan Airways company, gold and uranium producers - Navoi Mining and Metallurgical Combine (NMMC) and Almalyk Mining and Metallurgical Combinat (AMMC).

Uzbekistan's oil and gas producer Uzbekneftegaz, the state gas pipeline operator Uztransgaz, a metallurgical plant, and six banks will be also listed for IPO, it said.

Uzbekistan's government is planning to fully sell off state shares in more than 1,000 enterprises and partially in other companies.

Since Shavkat Mirziyoyev was elected president in 2016, Uzbekistan has taken a series of measures to promote economic reforms, including the elimination of foreign exchange controls, the reduction of tax burdens, and preferential treatment to foreign investment.

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