Priority tasks in the field of privatization were discussed
Uzbekistan
The largest wave of privatization is starting in Uzbekistan. In 2025, hundreds of state-owned enterprises, land plots, and real estate will be put up for sale. The authorities expect to sell assets worth 30 trillion soums, which will bring at least 10 trillion to the budget. What objects will be privatized, and what does this mean for businesses?
President Shavkat Mirziyoyev held a meeting on March 27 dedicated to priority tasks for the privatization of state property. This year, it is planned to sell assets worth 30 trillion soums, which will bring at least 10 trillion soums to the budget.
Over the past three years, privatization has gained record momentum: state assets worth 47 trillion soums have been sold, which is 30 times more than in the previous decade. Among the already implemented facilities are factories, hotels, and strategic enterprises. For the first time, a "people's IPO" was held, which allowed 11 thousand citizens to become shareholders.
However, problems were identified in the process: many facilities are idle, auctions are delayed, and large companies are not rushing to transition to international financial reporting standards. In particular, 22 state-owned enterprises, including "Uzavtosanoat" and "Uzbekneftegaz," have not yet adapted their reporting to world standards, and a number of state-owned companies do not have credit ratings.
At the meeting, the main tasks of privatization for 2025 were defined:
Sale of 116 state enterprises and 581 real estate objects;
putting up for auction 6.1 thousand hectares of land;
Transfer of 300 deposits and plots to business;
Simplification of the purchase of leased facilities for entrepreneurs.
A number of state-owned enterprises are also planned to enter international markets through the placement of shares. This year, the IPO will be held for 28 companies, and next year for another 10.
For the implementation of the plan, a "roadmap" will be developed with monthly monitoring. It remains for businesses to keep track of new opportunities and prepare for active participation in the auctions.
Over the past three years, privatization has gained record momentum: state assets worth 47 trillion soums have been sold, which is 30 times more than in the previous decade. Among the already implemented facilities are factories, hotels, and strategic enterprises. For the first time, a "people's IPO" was held, which allowed 11 thousand citizens to become shareholders.
However, problems were identified in the process: many facilities are idle, auctions are delayed, and large companies are not rushing to transition to international financial reporting standards. In particular, 22 state-owned enterprises, including "Uzavtosanoat" and "Uzbekneftegaz," have not yet adapted their reporting to world standards, and a number of state-owned companies do not have credit ratings.
At the meeting, the main tasks of privatization for 2025 were defined:
Sale of 116 state enterprises and 581 real estate objects;
putting up for auction 6.1 thousand hectares of land;
Transfer of 300 deposits and plots to business;
Simplification of the purchase of leased facilities for entrepreneurs.
A number of state-owned enterprises are also planned to enter international markets through the placement of shares. This year, the IPO will be held for 28 companies, and next year for another 10.
For the implementation of the plan, a "roadmap" will be developed with monthly monitoring. It remains for businesses to keep track of new opportunities and prepare for active participation in the auctions.
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