20.01.2022

On January 20, President Shavkat Mirziyoyev chaired a video conferencing on the upcoming work in privatization of state property this year.

A critical analysis of the current state of affairs in this sphere and future perspectives has been considered at the meeting.

Following the results of inventory conducted under the instructions of the President, 2,000 inefficient facilities have been identified at the disposal of industries and regions.

In particular, there are 210 in the oil and gas industry, 152 in the communications sector, 114 in state commercial banks, 44 in the chemical industry and 28 facilities to be sold in the energy industry. There are about 170 empty facilities that have not been sold for years on the balance of the regional khokimiyats (governors’ offices).

During the meeting, the instruction was given to take disciplinary measures against officials who had committed malpractice in this respect. Some were  dismissed from their posts.

It was noted that it is necessary to intensify and double the effectiveness of work this year.

For instance, due to the privatization of facilities in the regions and non-agricultural lands, a total of more than 8 trillion Uzbek soums could be generated by the end of the year.

Along with this, the need for continuing the inventory was emphasized. The personal responsibility of regional khokims and industry managers for identifying and putting up the non-core, inefficient and unused assets for public auction was indicated.

The task was set to realize 33 thousand land plots with ownership rights previously put up for auction, as well as put up for auction another 25 thousand plots by July 1.

The 266 enterprises of the road, transport, oil and gas, energy and automotive industries are also subject to auction, as indicated at the meeting.

«Many industry managers still use the non-profitable enterprises inefficiently. In large industries the state share in 480 enterprises can be fully transferred to the private sector», Shavkat Mirziyoyev said.

In this regard, the Prime Minister was instructed to conduct a full inventory of the relevant facilities in «Uzavtosanot», «Uzbekistan temir yullari», «Uzbekneftegaz», «Hududiy elektr tarmoqlari» and other industries, as well as to make proposals for their privatization.

The importance of attracting potential investors to such large complexes as «Ferganaazot», «Bektemir Distillery», «Kokand biochemistry», «Dekhkanabad potassium plant», «Quartz» and «Hyatt» was emphasized. The instructions were given on the initial placement of shares of 23 joint-stock companies on the stock market.

One of the ways to use idle buildings is to rent them out. The opportunities in this direction were noted at the meeting. Leasing of state property in the regions and industries can provide revenues for 500 billion Uzbek soums this year.

It was determined that from now on a site that has not been used for more than three months is subject to a lease or put up for sale. The Agency for Management of State Assets has been instructed to establish a system of transparent registration and online control over the implementation of lease agreements for the property of enterprises with a state share.

Based on the tasks set at the meeting, the privatization program for 2022 shall be approved in the context of regions and industries.