Uzbek govn’t prolongs tender on sale of Uzbek-Turkish venture

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Economy 08/12/2009 Uzbek govn’t prolongs tender on sale of Uzbek-Turkish venture

Uzbekistan prolongs tender on sale of Uzbek-Turkish venture

Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan’s government prolonged tender on sale of 39% shares in Ipak Yo’li - Turizm Invest, an Uzbek-Turkish joint venture, which runs Dedeman Silk Road Tashkent Hotel in the Central Asian state.

Starting price for 39% share set at US$11.3 million. Investors also should undertake investment obligation for US$5 million. Investors should submit bids till 12 January 2010.

Dedeman Silk Road Tashkent Hotel is four star hotel in Uzbekistan. It has 206 rooms, including one presidential room and two lux. The hotel also has night club. The hotel includes four conference rooms, including one for 750 persons.

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