Uzbekistan to privatize major enterprises including UzAuto Motors, UMS and power plants

Uzbekistan will put up shares in 29 major state-owned enterprises for public sale on international and domestic markets, with the involvement of professional consultants. This move follows a presidential decree aimed at boosting efficiency in large state enterprises and commercial banks, and attracting foreign investment through privatization.

The decision is part of a broader effort to enhance the performance of state-participated enterprises and to liberalize key sectors by engaging private and foreign capital.

Below is a list of the companies to be auctioned, along with the share percentage to be sold:

• Universal Mobile Systems LLC – 100%
• UzAuto Motors JSC – 99.7%
• UzAuto Motors Powertrain JSC – 100%
• Uzbekinvest Export-Import Insurance Company JSC – 75.24%
• Uzagrosugurta JSC – 99.35%
• Uzbekistan GTL LLC – 100%
• Uzbekgidroenergokurilish JSC – 96.7%
• Transgazmakhsuskuryilish JSC – 77.6%
• Maxsusenergogaz JSC – 41%
• Thermal Power Plants of Turakurgan, Yangi-Angren, Angren, Syrdarya, Tashkent, Navoi, and Takhiatash – 100%
• Thermal Power Plants in Muborak and Fergana – 100%
• Technopark LLC – 100%
• Uzbek Leasing International JSC – 45.5%
• Uzagroleasing JSC – 97.5%
• Tashkent Tractor Plant LLC – 100%
• Sherobod Cement Plant LLC – 100%
• Yolqurilish JSC – 100%
• Uzsuvqurilish JSC – 100%
• Shargunkomir JSC – 99.93%
• Uzmetkombinat JSC – 91%
• Navoiazot JSC – 75%

Additionally, the Agency for State Asset Management, together with the Ministry of Economy and Finance, will develop a strategy for the reform and privatization of state-owned enterprises through 2030, by December 1, 2025. Experts from international financial institutions will also be involved in the development of this strategy.