Between 2020 and 2025, Uzbekistan accumulated 77.6 trillion soums through the privatization of state assets. This figure is significantly higher than the previous ten years, when it amounted to only 1.1 trillion soums.
According to data provided by the State Assets Management Agency, there are substantial transformations in the sphere of privatization and a trend towards reducing the state's share in the economy. Simultaneously, the structure of state enterprises is changing: their number decreased by 61% between 2021 and 2025.
As part of the implementation of the 'Sell or Explain' principle, which requires assets to either be privatized or justified for retention in state ownership, major deals have been concluded. These include the sale of Coca-Cola Uzbekistan for $252 million, the realization of 'Bank Mortgage' for $324 million, and the sale of a 75.2% state stake in the Samarkand Automobile Plant for $80 million.
Privatization also extends to land resources. Between 2022 and 2025, the volume of land plots put up for auction for sale or lease increased almost fourfold. In the first half of 2026 alone, 1,800 hectares of land were sold at auction.
Furthermore, the number of requests from citizens and legal entities regarding the privatization of non-agricultural land has increased almost fivefold compared to 2022 data. Most transactions involving state assets are conducted through the E-auksion electronic platform, where about 1.5 million objects have been listed for auction, of which more than 1.2 million have already been sold.
A number of flexible conditions are provided for buyers, including the possibility of installment payments, various discounts, and long-term leasing with the right to subsequent purchase of state property. Changes are also occurring in the services sector: a new law on real estate activities came into force in 2026, introducing a Unified Register of Market Participants and a multi-listing system to coordinate the actions of sellers, buyers, and realtors.
In the long term, the authorities of Uzbekistan aim to achieve an 85% share of the non-state sector in the economy by 2030, and plan to reduce the number of state-participating enterprises by almost six times.