Uzbekinvest and Agrosugurta to Be Put Up for Sale

At the IV Tashkent International Investment Forum, Director of the Agency for State Asset Management (ASAM) Akmalkhon Ortikov announced that the government shares in Uzbekinvest and Agrosugurta will soon be offered at international auctions.

«We also plan to sell ten thermal power plants (TPPs) out of 29 state-owned energy assets. KPMG has been appointed to oversee the privatization. The company has begun developing a sales strategy and will present its final recommendations in the coming days, after which the privatization process will be launched,» Ortikov said during his presentation.

He added that hotels, real estate agencies and equipment manufacturing enterprises for Uzavtosanoat will also be sold.

Regarding the privatization of UzAuto Motors and Powertrain, Ortikov emphasized that the process will strictly adhere to the agreement with General Motors, and will be conducted based on the recommendations of legal consultants.

«A national plan has been developed to reduce the number of state-owned enterprises (SOEs) by 2030. Over the past five years, 500 SOEs have been sold, around 2,000 have been liquidated, and the business activities of several others have been restructured. Currently, Uzbekistan has over 2,200 state enterprises,» Ortikov stated.

📌 Quick Facts:
Between 2021 and 2025, Uzbekistan sold around 8,000 state-owned enterprises and entities with government shares, generating approximately 47 trillion soums.
In 2024, private investors purchased non-agricultural land plots at auction worth 4.4 trillion soums.
In the first five months of 2025, land sales have already reached 2.5 trillion soums.

Kursiv Uzbekistan also reports that the privatisation of mobile operator Mobiuz had started.