Uzbeks will be able to invest in projects of the capital Tashkent city

The President of the Republic of Uzbekistan has signed a decree "On the legal experiment on the introduction of a special management system in Tashkent".

The document allowed Tashkent city authorities to attract investment funds to the investment projects approved by the National Agency for Project Management through the issuance of securities. 

Mayor of the Tashkent city may use free funds of the population for investment projects, approved or elaborated by the National Agency for Project Management under the President of the Republic of Uzbekistan, through issuance of securities in the form of stocks of Tashkent city or newly established economic societies, the document says.

The Center for Coordination and Development of the Securities Market under the Ministry of Finance and the State Competition Committee of the Republic of Uzbekistan contributes to the Tashkent city townhall for the issue and placement of securities.