New foreign enterprise Taiba Leasing Ltd opens in Uzbekistan

New foreign enterprise Taiba Leasing Ltd opens in Uzbekistan


Taiba Leasing Ltd foreign enterprise started its activity in Uzbekistan in March this year. The company is a 100% subsidiary of the Islamic Corporation for the Development of Private Sector (ICDPS), a part of the Islamic Development Bank (IDB).

Taiba Leasing was founded with the aim to render a wide range of leasing services in Uzbekistan. Priorities of the company are assistance to the development of economy through the financing of small- and medium-sized enterprises, introduction of new financial tools, financing of small and medium businesses producing competitive export oriented goods and having a high level of production localization.

Uzbekistan joined the ICDPS in 2004. The corporation’s main goal is support of the economic development of its member states through rendering financing to the private sector. Besides, ICDPS provides consultations to public and private sectors in the implementation of programs on privatization and restructuring of companies.

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