Uzbekistan puts refueling complex for servicing aircraft in Tashkent up for auction
TASHKENT. Sept 22 (Interfax) - Uzbekistan has put a complex for refueling aircraft with aviation fuel in Tashkent up for auction as part of privatization efforts, the Uzbek State Assets Management Agency said.
The international company Ernst & Young is acting as the consultant for the deal.
The complex is located in the Sergeli district of the Uzbek capital, approximately 2.8 km from Tashkent International Airport. The area of the land plot is 11 hectares, and the total area of buildings and structures is 6,076 square meters. The facility is connected to the gas, water and electricity supply.
Information about the starting price was not provided.
Both local and foreign investors will be able to participate in the privatization. The auction will take place in two stages: first, participants will submit applications of interest in acquiring the facility, then the selected candidates will present binding offers.
At the first stage, investors must provide information about their activity, shareholders owning at least 5% of capital, ultimate beneficiaries, and financial statements for the last three years.
State companies, as well as participants falling under sanctions of the European Union, the United States or major international financial institutions, will not be admitted to the auction.
Investors who pass to the second stage will receive access to information about the facility and the results of financial, tax and legal due diligence, and will also be able to inspect the complex.
Before submitting a final offer, participants will have to sign the main terms of the deal and make a deposit in the amount of at least 1% of the sum of their offer through the E-auksion platform.
All applications will be checked for compliance with the criteria, including the sufficiency of financial resources and compliance with legislation on combating money laundering. Participants selected based on the results of the first stage will receive Process Letters indicating further actions. A non-disclosure agreement (NDA) will be concluded with them, after which they will receive access to a virtual data room and to the consultant's reports based on the results of comprehensive due diligence.
Applications for participation are accepted through October 23, 2026 inclusive.
As reported, Uzbek President Shavkat Mirziyoyev approved a list of large state assets for privatization at the end of August. It is planned that state property totaling around $1.2 billion will be sold before the end of the year. In total, it is planned that the state's stakes in 84 business entities, more than 1,200 real estate facilities and land plots with an area of around 8,000 hectares will be put up for auction as part of the privatization program.
