It is a tremendously exciting time for Uzbekistan Equity Fund (UEFM) to have a presence in Uzbekistan. In 2017, Uzbekistan launched an ambitious reform program aimed at building a private sector–driven, market-based economy. Since then, we have been witnessing strong progress in implementing these challenging economic reforms to promote growth and make it increasingly attractive for domestic and foreign investment.
UEFM’s footprint in Tashkent and Singapore leverages the current strong ties between the two countries and their representative regional blocs. It underscores Uzbekistan’s bright economic future, interwoven with Singapore’s established position as a global trading, logistics and financial center as well as its highly regarded asset management framework, ecosystem and access to capital.
We believe that the rapid pace of market reforms being conducted by the Government of Uzbekistan is exemplary and will require an equal pace of transformation to the infrastructure and institutions that support and enable the realisation of these reforms.
UEFM hopes to catalyse further gains through our participation in such transformations for the mutual benefit of Uzbekistan and all investors. Working together, our journey paves the way to creating value for all our stakeholders while realising our vision towards positive social and sustainable impact.
Hugo W. Minderhoud Chairman, UEFM Pte Ltd
About
Uzbekistan Equity Fund (UEF) was founded with a mission to grow in tandem with on-going, market-led liberalisation and transformation of the Uzbekistan economy. Our objective is to identify, secure and value-add to the wave of investment opportunities that arise out of the government’s vision to foster higher economic prosperity through improving productivity, employment and standards of living for its population.
UEF seeks out active investments with domestic companies that exhibit attractive intrinsic value, strong growth prospects and leadership in management, where we partner to unlock value through combining:
— capital provision to finance growth
— knowledge transfer
— improving corporate governance
— reducing costs of capital, and
— adoption of international best practice
Our current core industry focus is in manufacturing, financial services, education and healthcare.
