Turkmenistan to Auction 48 State Properties

Turkmenistan to Auction 48 State Properties
Street 10 Yyl Abadanchylyk, Ashgabat, Turkmenistan

The Ministry of Finance and Economy of Turkmenistan announced an auction to sell 48 state properties.

The list of state property to be privatised was published in Tuesday's edition of Neytralnyi Turkmenistan newspaper. The auction will be held on November 17 on the digital state property auction platform at www.е.fineconomic.gov.tm and through the platform's mobile application.

Among the most significant properties to be auctioned are a 25,500 square metre livestock and poultry farm in Lebap province, the Döwrebap shopping and entertainment centre (8,800 square metres) in Lebap province, and a two-storey building in the same building, a pipe factory in Dashoguz province (6,400 square metres) and the administrative building of the Nur Zaman economic association in Ashgabat (4,300 square metres).

Service facilities, including stores, cafes, canteens, health centres, administrative buildings, and production facilities will also be auctioned.

Citizens of Turkmenistan and foreign nationals, as well as non-governmental legal entities of Turkmenistan and other countries, are allowed to participate in the auction following the procedure established by the legislation.

The Department of Property Relations and Enterprise Support of the Ministry of Finance and Economy and specialised 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 privatisation.

All auction participants will have the opportunity to get acquainted with the information about the object of privatisation beforehand. The sale of state objects is carried out with all obligations.