According to the Ministry of Investment, Industry, and Trade information service, Minister Laziz Kudratov held talks with Franklin Templeton Investments Director-General Manraj Sekhon to discuss the implementation of projects and agreements inked during President Shavkat Mirziyoyev’s visit to Singapore in January 2023.
Due to mutual support for introducing new mechanisms to attract foreign investment in State enterprises, the parties agreed to establish a National Investment Fund and open an office in Tashkent by late- April this year.
To ensure the efficiency of the processes of transformation and restructuring of public enterprises, the Singapore company sends highly qualified specialists to Uzbekistan.
The parties agreed on placing the fund’s shares on the Republican stock exchange ‘Tashkent’ in the coming months. This phase will be the first in implementing practical measures to attract large investors from the US, the EU, and other countries and involve the general public in investment in the stock market.
At the end of the meeting, the parties agreed on the ‘roadmap’ and decided to create a working group to implement the agreements and projects reached.
Franklin Resources, Inc. is an American multinational holding company that, together with its subsidiaries, is referred to as Franklin Templeton; it is a global investment firm founded in New York City in 1947 as Franklin Distributors, Inc.
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