BAKU, Azerbaijan, June 16
By Ilkin Seyfaddini - Trend:
The State Assets Management Agency of Uzbekistan summed up the results since it commenced its activity in early 2019, Trend reports with reference to the agency.
The State Assets Management Agency of Uzbekistan was established under the Decree of the President of Uzbekistan on January 15, 2019.
Since the beginning of 2019, a total of 352 state assets were put up for sale, including shares (stakes) in 77 companies and 275 real estate objects worth $283.7 million. During this period, 359 state assets were sold to investors for $38.2 million (including $28.7 million on condition of investing $313.1 million and creation of 5,100 jobs).
Out of 84 loss-making enterprises, 46 were sold to private sector, 18 were rehabilitated. As a result, the Agency made $616,377 of net profit.
In total, $136.9 million was transferred to the state budget by the agency. This amount includes $11.1 million from privatization (14.9 times more); $127.1 million from dividends paid by enterprises with state participation (25.6 times more) and $645,728 from renting state property.
The effective use of 1,424 out of 1,849 empty state facilities wasorganized. Besides, 340 out of 1,373 objects from the state owned companies were put into effective use, and proposals on privatization, sale and lease on the basis of public-private partnership are being prepared for the remaining 1,033 objects.
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