UzAuto Motors and other major state enterprises to be sold

State-owned shares in several large enterprises, including UzAuto Motors, Uzmetkombinat, UMS (Mobiuz), Uzbekistan GTL, Uzbekinvest, Navoiyazot, and Texnopark, will be offered for sale with the assistance of international consultants. This was stated in the Presidential Decree “On the Privatization of Large Enterprises with State Participation in International Markets,” signed on April 21.

According to the decree, share packages in the authorized capital of 29 major state-involved enterprises will be put up for public auction, with the involvement of reputable international professional consultants. Furthermore, initial (IPO) and/or secondary (SPO) public offerings of shares in 12 large enterprises with state participation will be conducted on international and domestic stock markets.

This move is part of a broader initiative aimed at enhancing the efficiency of major state enterprises and commercial banks, and at attracting foreign investment through their privatization.

Additionally, the State Assets Management Agency, in cooperation with the Ministry of Economy and Finance, has been tasked with developing a comprehensive strategy for reform and privatization of state-owned enterprises through 2030. This strategy, which must be finalized by December 1, 2025, will involve leading consultants and experts from international financial institutions.