Turkmenistan to put up state property for auction

Business Materials 22 July 2016 17:20 (UTC +04:00)

Ashgabat, Turkmenistan, July 22

By Huseyn Hasanov– Trend:

The Turkmen Economy and Development Ministry announced about holding an auction for the sale of state facilities, to be held at 10:00 (GMT + 5 hours) on July 30, 2016 at the address: 156, Archabil Avenue, Ashgabat.

An industrial plant, a lead mine plant, a livestock farm, a pipe plant, shops, shopping malls, a carpet factory, textile companies and others 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 contest in due time, are allowed to participate in the investment contest.

Foreign legal entities, international organizations 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.

The ministry 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 contest.

The consultations on the participation procedure in the investment contest and additional information about the facilities for privatization are made by the Department of Property Relations and Entrepreneurship Support of the ministry and the specialized departments.

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

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