Turkmenistan to Hold Auction on Privatization of 25 State Properties

The auction on privatization of 25 state properties will be hosted by the Ministry of Finance and Economy of Turkmenistan.

The Ministry of Finance and Economy of Turkmenistan announced an auction for the sale of 25 state properties.

The list of state properties that will be privatized was published in Neytralnyi Turkmenistan newspaper’s Wednesday issue. The auction will be held on August 17 on the digital platform for trading state property at www.e.fineconomic.gov.tm and through the mobile application of this platform.

The properties of the Ministry of Trade and Foreign Economic Relations of Turkmenistan, the Ministry of Agriculture and Environmental Protection of Turkmenistan, the State Committee for Water Resources of Turkmenistan, the Türkmenawtoulaglary (Turkmen Motor Transport) Agency, the State Agency for Management of the Construction of Roads, the Türkmenhaly (Turkmen Carpets) Production Association, the Türkmenhimiýa (Turkmen Chemicals) State Concern, the administrations of Dashoguz, Lebap and Mary provinces will be put up for auction.

Citizens of Turkmenistan, foreign nationals, as well as non-state legal entities of Turkmenistan and foreign legal entities, who have submitted an application in the prescribed form, have made a deposit and special fee, and have been registered to participate in the auction on time, are allowed to participate in the auction in the procedure established by the legislation of Turkmenistan.

The digital trading platform conducted via the internet is the "Auctions and Tenders" application and the "Auctions" mobile application that can be found on the website of the Ministry of Finance and Economy of Turkmenistan. Bidders must enter the electronic trading platform through a mobile application or a website to participate in the auction.

The Ministry of Finance and Economy of Turkmenistan starts accepting and registering applications through the digital trading platform from the date of publication of this information message and ends one day before the start of the auction. Registration of participants begins on the day of the auction at 9.00. The registered bidders are notified about the start of the auctions through SMS message from the phone number 0718.

The Department of Property Relations and Enterprise Support of the Ministry of Finance and Economy and specialized entities of departments of finance and economy of provinces and Ashgabat city carry out consultations on the procedure for participation in the auction and the provision of additional information on the objects for privatization.

All participants of the auction are given the opportunity to get acquainted with the information about the property that will be privatized beforehand. The sale of state-owned properties is carried out with all their obligations.

 

Business Turkmenistan

03.08.2022