Uzbekistan to Sell State Stakes in 2,000 Enterprises by 2029

Uzbekistan plans to sell state stakes in 2,000 enterprises, more than 5,000 properties, and offer shares in 16 major complexes through IPOs within the next five years, President Shavkat Mirziyoyev announced at a session of the Legislative Chamber of the Oliy Majlis.

The government also aims to implement public-private partnership projects worth $30 bln.

Mirziyoyev outlined key initiatives for the upcoming year. The Cabinet of Ministers must speed up the transformation of state-owned companies and cut their expenses by 15–20%, focusing on efficiency and stability.

To meet these objectives, the National Investment Fund must operate effectively. It now holds stakes in 18 state-owned companies, valued at $1 bln.