President Mirziyoyev issued a decree in October 2020 ordering the full or partial privatisation of over 620 state-owned companies and properties.

The implementation of these projects will help Uzbekistan achieve its goals of increasing the volume of electricity generated by solar energy to 5 gigawatts in the coming years.

Fitch said rating based on the strength of linkage and incentive to support by the government.

KazMunayGaz is the country's operator for exploration, production, refining and transportation of hydrocarbons, representing the state interests in the oil and gas industry of Kazakhstan.