Uzbekistan will offer shares in UzAuto Motors and 28 other state-owned companies on both domestic and international markets between 2025 and 2026. The announcement follows a presidential decree signed by President Shavkat Mirziyoyev.
To support the process, the government will appoint professional advisors to oversee and facilitate the sale of assets.
The privatisation plan includes listing a stake in UzAuto Motors during the first quarter of 2025. Meanwhile, shares in the mobile operator UMS are scheduled to be offered in the third quarter of 2024.
Additional companies involved in the privatisation wave include Uzbekistan GTL, insurance provider Uzagrosugurta, and several thermal power plants.
In parallel, Uzbekistan will introduce a five-year moratorium on the establishment of new enterprises with state ownership, according to Akmalkhon Ortikov, Head of the State Assets Management Agency (UzSAMA).
