Mirziyoyev meets executives of leading US companies

President Shavkat Mirziyoyev received Jenny Johnson, president and chief executive of Franklin Templeton (US), in Samarkand on October 19. The meeting reviewed the initial results of transforming large state-owned enterprises.

The placement of shares of the National Investment Fund of Uzbekistan on the London and Tashkent stock exchanges was described as the country's first international IPO. It raised nearly $700 million, and demand exceeded supply more than fourfold. The next stage aims to improve citizens' welfare and the reliability and quality of services by transforming companies in the fund's portfolio.

Mirziyoyev also received Rafael Santana, chairman of the board and chief executive of Wabtec (US). Discussions covered renewing and expanding the locomotive fleet, supplying locomotives with long-term service, spare parts production, and a service centre for mining equipment.