ORDER OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of February 10, 2016 No. R-4613

About additional measures for implementation of the agreements reached during the International investment forum in Tashkent

Note that during the International investment forum which took place in Tashkent on November 5-6, 2015 with participation more than 550 representatives of foreign firms and the companies, financial institutions, signed more than 100 agreements, agreements and memorandums of joint implementation of investment projects and acquisition by foreign investors of assets of the state and bodies of economic board for total amount 12, of 4 billion dollars.

For the purpose of timely implementation of the agreements reached during the International investment forum, expansion of involvement of foreign investors and acceleration of realization of strategic investment projects:

1. Form the Commission on implementation of the agreements reached at the International investment forum in structure according to appendix No. 1, having determined it the main objectives and functions:

completion in a month negotiations with foreign investors, including with departure into place, under the agreements and memorandums, and also other made decisions on realization of assets of the state and bodies of economic board signed following the results of forum;

the organization, following the results of the negotiations held with potential investors, execution of transactions of purchase and sale of assets and ensuring control of their timely execution;

entering into State commission on holding tenders in case of sale of state-owned property to foreign investors of proposals of foreign investors on interest in acquisition of additional blocks of shares (shares) over the amounts offered for sale;

acceptance, if necessary, decisions on consideration of requests of alternative foreign investors and carrying out direct negotiations with them;

consideration of questions of use of the mechanism of step-by-step reduction of prices of the assets of the state exposed for sale according to the procedure, established by the legislation;

coordination, monitoring and control of activities of the ministries, departments, joint stock companies, associations, joint-stock companies and companies for questions of realization to foreign investors of assets of the state and bodies of economic board.

2. Assign to the Commission (R. S. Azimov) providing, together with the ministries, departments, joint stock companies, associations and the companies - executives in charge, realization at the scheduled time of new investment projects with participation of the foreign companies, banks and organizations, according to the reached agreements following the results of the International investment forum, and No. PP-2432 approved by the resolution of the President of the Republic of Uzbekistan of November 16, 2015.

3. Approve actions plans on realization of assets of the state, bodies of economic board and economic societies in joint-stock companies according to appendices No. No. 2 and 3.

4. Determine that:

concerning shares and the state assets on which the foreign investors who concluded arrangements following the results of the International investment forum did not provide the request till March 1, 2016 the privilege of their redemption from these investors stops;

joint-stock companies which shares are implemented to foreign investors with provision of payment by installments of payment are not subject after July 1, 2016 to obligatory transformation to other forms of business or liquidations.

5. Confer the personal responsibility on heads of the ministries, departments, joint stock companies, associations, other bodies of economic board and joint-stock companies for ensuring timely implementation of the made decisions of the President of the Republic of Uzbekistan and the Government on involvement of foreign investors in the authorized capital of joint-stock and other economic companies.

6. Recommend to the supreme bodies of management of joint-stock companies (general shareholder meetings and the supervisory boards) specified in appendices No. No. 2 and 3 to this resolution:

to quickly consider questions of attracting investors, including alternative, carrying out negotiations with them and adoption of relevant decisions;

consider and make decisions on use of the mechanism of step-by-step reduction of prices of the assets exposed for sale according to the procedure, No. PP-2200 provided by the resolution of the President of the Republic of Uzbekistan of July 3, 2014.

7. Control of execution of this order to assign to the Prime Minister of the Republic of Uzbekistan Sh. M. Mirziyoev.

Appendix № 1

to the Order of the President of the Republic of Uzbekistan of February 10, 2016 No. R-4613

Structure of the Commission on implementation of the agreements reached at the International investment forum

Note:

Upon transition of members of the commission to other work to its structure persons who are again appointed to these positions, or faces to whom accomplishment of the corresponding functions is assigned join.

Appendix №2

to the Order of the President of the Republic of Uzbekistan of February 10, 2016 No. R-4613

The actions plan on realization of assets of the state, bodies of economic board and the managing societies following the results of the agreements reached at the International investment forum

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