The 2025 programme schedules 115 enterprise stakes, 659 state properties and 6,100 hectares of land for open sale.
Uzbekistan adopted its 2025 privatisation programme on 21 April, scheduling state stakes in 115 enterprises for open sale. The programme also covers 659 state-owned properties and 6,100 hectares of land, creating a broad asset pipeline rather than completed disposals.
The decree introduces a moratorium on creating new state-participated enterprises through 1 January 2030. It also removes the requirement for mandatory local-government ownership in the charter capital of companies operating in competitive markets.
The programme expands the addressable pipeline for valuation, due diligence, M&A advice and acquisition finance. Investors should distinguish assets listed for sale from launched processes, qualified bids, selected buyers and legally completed transfers.
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