Government to offer thousands of assets, land, and mines for sale in 2025

The President of Uzbekistan has signed a decree titled "On the Privatization Program for 2025."

According to the document, the main privatization targets for 2025 are as follows:

• Sale of state assets and land plots worth 30 trillion UZS, with a minimum revenue target of 10 trillion UZS;
• Offering for sale:
• shares in 115 enterprises owned wholly or partially by the state,
• 659 real estate properties,
• and 6,100 hectares of land;
• In the initial phase, the rights to use at least 30 deposits and mining sites will be auctioned.

A moratorium has been introduced on the creation of enterprises with state participation until January 1, 2030. Exceptions apply to enterprises related to defense and security, or those established by presidential decree.

According to the decree, national and local executive authorities are prohibited from initiating the purchase of real estate or the creation of new enterprises that do not align with state functions or ownership criteria.

State-owned properties with an area of up to 10,000 square meters will be granted for free direct use for five years to entrepreneurs engaged in the production of high-tech goods. If the contract terms are met, these properties will then be sold directly to the entrepreneurs at their appraised value.

If a real estate property remains unsold and fails to attract buyers for over a year, even after applying a phased price reduction mechanism, it will be contributed as a share to the charter capital of other legal entities.

The previous requirement mandating local government participation in the charter capital of markets and trading complexes has been officially abolished.