President Shavkat Mirziyoyev of Uzbekistan reviewed proposals on April 6 aimed at reducing state participation in the economy and accelerating privatization processes. Currently, the state's share in the economy stands at 42%, with 1,685 enterprises having state involvement. Last year, nearly 30 trillion soums worth of state assets were privatized, generating over 10 trillion soums in revenue for the budget. The volume of land plot sales also increased, reaching 6 trillion soums.
A benefit-sharing system from privatization has been implemented, leaving 2.6 trillion soums in regions and 7 billion soums in local communities. State-owned enterprises paid 49 trillion soums in dividends to the budget. Overall, over the past five years, the number of state enterprises has decreased by 60% due to privatization. The meeting included information on preparations for privatizing major assets, such as UzAuto Motors and its subsidiaries, Navoiyazot, and thermal power plants.
A proposal was made to establish a digital technologies project office within the State Assets Management Agency. Under this system, all privatization processes will be monitored online, and artificial intelligence elements will be introduced into the financial analysis of state enterprises and income distribution processes. For reference, a presidential decree on privatizing UzAuto Motors, UMS, Tashkent Tractor Plant, and several thermal power plants was signed in April 2025.
The meeting also focused on the issue of land plots allocated to entrepreneurs but not fully integrated into economic circulation. Specifically, it was noted that out of 11.4 thousand hectares of land provided between 2022 and 2025, economic activity has not been fully launched on 3.1 thousand hectares. Consequently, the need for online monitoring of the actual condition of land plots, auctioning them based on ready-made projects, and strengthening investment requirements was emphasized.
To address this, it was proposed to implement a system for identifying inefficiently used lands by integrating information systems such as "E-auksion," "Yerelektron," the Uzbekcosmos Agency, "Transparent Construction," and "UzKAD." The role of local hokimiyats (administrations) in bringing these lands into economic circulation has been enhanced. Henceforth, land plots for entrepreneurial purposes will be auctioned as ready-made business projects along with permitting documents.
The head of state issued relevant instructions to officials for further reducing state participation in the economy, efficiently utilizing assets, and accelerating privatization processes based on modern approaches.
Source: www.gazeta.uz