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Turkmenistan to put up state property for auction

Business Materials 29 September 2015 14:17 (UTC +04:00)

Ashgabat, Turkmenistan, Sept.29

By Huseyn Hasanov- Trend:

The Ministry of Economy and Development of Turkmenistan announces about holding the auctions for the sale of state facilities, to be held at 10:00 a.m. (GMT +5 hours) on October 21, 2015 at the address: 156, Archabil Avenue, Ashgabat.

Meat processing plants, cotton spinning enterprises, lead and mine combines and other enterprises are among the facilities put up for auction.

The citizens of Turkmenistan and foreign countries, as well as private legal entities of Turkmenistan and legal entities of foreign countries, who made bids in the prescribed form, as well as a deposit and a special fee and who have registered to participate in the investment contests in due time, are allowed to participate in the investment contests.

Foreign legal entities, international organization established under the laws of foreign countries, their permanent representative offices and branches in Turkmenistan may participate in such a process only in case of the conclusion of the Agency for Protection from Economic Risks under the Turkmen Ministry of Economy and Development.

The Ministry of Economy and Development of Turkmenistan accepts bids and registers bidders from the date of publication of this announcement in the media. The procedure will end 24 hours before the investment contests.

The consultations on the participation procedure in the investment contests and additional information about the facilities for privatization are made by the Department of Property Relations and Entrepreneurship Support of the Ministry of Economy and Development of Turkmenistan and the specialized departments of property relations and support for entrepreneurship of the main economy and development departments of provinces and Ashgabat.

All participants are able to preliminary review a facility for privatization.

Telephones: (+99312) 39-46-73, 39-46-75.

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