TASHKENT, April 30 (Xinhua) -- Uzbekistan will sell off state shares in the country's 29 large enterprises in energy, chemical and banking sectors, according to a presidential decree released on Tuesday.
The decree signed by President Shavkat Mirziyoyev said the move to decentralize the industry was needed to further improve the mechanisms for attracting foreign direct investment.
The list includes the country's largest chemical factory Ferganaazot, Kyzylkumcement factory, Angren power station, and the joint venture Coca-Cola Ichimligi Uzbekistan, Ltd.
The presidential decree instructs the state commission to determine the market value of the shares within two weeks and conduct tenders for sale of state shares to potential investors.
Mirziyoyev has been carrying out a series of economic reforms to make the Central Asian country attractive to foreign investors since he came to power in 2016.
