Tashkent, Uzbekistan, Nov. 3
By Demir Azizov- Trend:
The International Investment Forum will be held in Tashkent on November 5-6, 2015, the Uzbek foreign ministry told Trend Nov. 3.
Some 40 bilateral agreements, contracts and other documents on the implementation of joint investment projects are planned to be signed.
The main objectives of the forum are the presentation of the leading enterprises of Uzbekistan, included in the state program of privatization and their sale to the strategic foreign investors capable to modernize the production and ensure the competitive production on the domestic and foreign markets.
Uzbek President Islam Karimov approved a list of 68 companies in May 2015. Their state-owned assets will be put on sale to the foreign investors. The list includes 49 percent of the shares of "Navoiazot" JSC, 48.05 percent of shares of "Ferghanaazot" JSC, 49 percent of shares of two newly created agricultural engineering enterprises, 35.9 percent of shares of "Kyzylkumcement" JSC, controlling stakes of two banks and 60 percent of shares of the Investstroy construction company.
More than 560 foreign business executives, who represent over 250 companies, economic associations and financial institutions from 33 countries, have confirmed participation in its work, according to the organizing committee of the forum.
Members of the government, heads of ministries and departments of Uzbekistan, official foreign delegations, heads of major foreign companies, investment funds and banks, as well as international financial institutions: the World Bank (WB), the International Finance Corporation (IFC), Asian Development Bank (ADB) and others will attend the forum.
The program of the event includes the plenary sessions, speeches of major foreign investors about the experience of doing business in Uzbekistan, meetings dedicated to the various sectors of the economy with the presentation of specific sites of privatization, visits to the companies.
The International Investment Forum will allow foreign investors to establish mutually beneficial business contacts, to open up new growth opportunities on the promising and fast-growing market of Uzbekistan.