Reuters reports that Uzbekistan’s National Investment Fund raised $690 million in London in May.
Reuters reports growing investor interest in Uzbekistan, alongside concerns about bureaucratic obstacles and the durability of reforms.
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Uzbekistan’s market opening is drawing foreign investment, but implementation remains a concern, Reuters reports.
The National Investment Fund, which holds minority stakes in state-owned companies, raised $690 million in London in May. Banking, energy and mining remain dominated by state enterprises.
Investors worry about bureaucratic resistance; analyst Dakota Irvin also cites concerns about lasting legal protections.
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