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Uzbekistan Reportedly Plans Privatization Drive

Uzbekistan's government is reportedly planning to sell off almost 500 state assets over the next two years as part of a bid to expand the Central Asian country's private sector.

Uzbek media have cited State Property Committee Deputy Chairman Saifitdlin Gafarov as saying assets in the oil, gas, energy, metals, agriculture, electronics, and pharmaceuticals industries will be made available for purchase.

Officials say a goal of the privatization drive is to attract foreign investors to help boost Uzbekistan's technological capacity.

Tashkent has pursued a strict policy of economic self-reliance since gaining independence in 1991, but has recently shown a new openness to international financial support.

Based on reporting by, AP, and