Arzuw NEWS - Turkmenistan news

Turkmenistan will host an auction for the alienation of state property

The auction for the transfer of property rights for some items of state real estate will be held on April 22 this year in the Ministry of Finance of Turkmenistan.

The event will feature items from the Ministry of Construction and Architecture, the Ministry of Agriculture and Environmental Protection, the Ministry of Trade, as well as some of the facilities of Turkmengaz, Turkmenhaly, and TKNPZ.

In order to become a participant in the auction, it is necessary to fill out and send an application in the approved form, pay the deposit, the prescribed fees and register within the time limit set for this. Privatization will be open for citizens, legal entities of non-state form of ownership of Turkmenistan and foreign countries. To participate in the privatization process, foreign legal entities, including global organizations, must have a special opinion of the Agency for Protection of Economy from Risks, acting under the Ministry of Finance.

It is necessary to submit an application to participate in the auction no later than one day before the start of the event. More details about the procedure and the objects put up for privatization can be found at the Department of Property Relations and Support of Entrepreneurship of the Ministry of Finance of Turkmenistan.

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