The government of Kazakhstan has the intention to transfer the Zenith shipyard in Uralsk into a «competitive environment,» according to a cabinet resolution published at Adilet.kz.
Last year, the Ministry of Industry and Construction said it would sell 85% of Zenith shares to raise funds necessary for its modernization. Now, Zenith is on the list of state-owned entities that should be sold to private investors. The decision has recently been officially approved by Prime Minister Olzhas Bektenov.
«Hereby resolution is entering into force within a day after its official publication,» the Adilet website said.
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