Navoiyazot preparation for privatization support

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In the framework of the second Tashkent International Investment Forum held in the capital on April 28, an agreement was signed between the State Assets Management Agency and the International Finance Corporation (IFC) to assist the government in the privatization of Navoiazot JSC. According to the agreement, the IFC will serve as a strategic advisor in the pre-privatization preparation process of Navoiazot JSC, one of the leading chemical and fertilizer companies in Uzbekistan and Central Asia. The need to carry out pre-privatization preparation of Navoiazot JSC was established by the Decree of the President of Uzbekistan No. 388 dated October 10, 2022. The pre-privatization preparation will help the country's government develop an optimal strategy for privatizing one of its largest state assets. The subsequent privatization of Navoiazot JSC will facilitate the inflow of private investments into Uzbekistan's chemical industry, its modernization, and the growth of efficiency and competitiveness in this fundamental sector of the country's economy. About Navoiazot JSC: Navoiazot JSC is one of the largest enterprises in Uzbekistan's chemical industry, involved in the production of mineral fertilizers, chemical reagents, and other low-tonnage chemical products. Producing over 30% of Uzbekistan's chemical output, Navoiazot is a key chemical company covering various sectors including chemical industry, agriculture, mining and the fuel and energy sector.