Ministry building of Uzbekistan sold for 287.14 billion soms

During October, over 33.6 thousand sales transactions were processed through escrow accounts in Uzbekistan, covering both real estate properties and vehicles.

Transaction Details in Uzbekistan

Specifically, 33,631 contracts for the purchase and sale of real estate and automobiles were concluded in October. In the residential and non-residential real estate sector, 16,893 agreements were signed, which is 182 units, or 1.1%, more than in September. The transport sector recorded 16,738 transactions through the system.

Regional Volume Leaders

Tashkent showed the highest number of registered transactions among all regions of the republic, with 10,674 operations recorded, accounting for 31.7% of the country's total. The remaining regions and Karakalpakstan collectively accounted for 68.3% of all concluded contracts. Among them, Fergana region conducted 3,121 transactions, Samarkand region—2,933 operations, and Namangan region—2,179 contracts.

It should also be noted that commercial banks provided information on 6,509 operations during October. Of this total, 3,555 transactions were related to the sale of real estate, and 2,954 operations concerned the acquisition of vehicles.

The Agency for Industrial Cooperation and State Procurement reported to journalists that in the first nine months of 2026, state procurement in Uzbekistan amounted to 281.8 trillion sums. Additionally, $42.6 billion in foreign investments was mobilized.

Under the localization program, goods worth 117 trillion sums were produced, 88 new types of products were introduced, and 10,400 jobs were created. The import substitution effect reached $6.2 billion, and the import of 176 types of goods decreased by $838 million.

Of the total foreign investment of $42.6 billion, $18.2 billion, or 43%, was linked to local content. However, local content was not reflected in reports across seven sectors amounting to $965.2 million and 220 projects valued at $2 billion. The agency noted the need to improve the accounting system.

Competitive procurement amounted to 170.4 trillion sums, which allowed for savings of 12.1 trillion sums. Meanwhile, direct procurement decreased by 11.7% to 61.6 trillion sums.

Artificial intelligence now moderates 75% of offers on the electronic trading platform. The Unified Industrial Portal has also been launched in test mode.

By the end of the year, the agency plans to increase the volume of localized production to 130 trillion sums, raise the import substitution effect to $6.4 billion, and introduce 112 new types of products.

The State Agency for Asset Management reported that in 2026, the Samarkand region of Uzbekistan realized 73 state-owned assets for a total of 374.9 billion UZS. A presentation of privatization results and new opportunities for acquiring state property took place at an event attended by over 280 entrepreneurs, investors, and representatives of state organizations.

The event in Samarkand was dedicated to the results of privatization in the region. Akram Egamov, head of the agency's regional office in Samarkand, presented reports for 2026.

During this period, 193 land plots with a total area of 22.4 hectares were privatized. These plots were previously under permanent use, lease, or life ownership by citizens and entrepreneurs, and the total value of these transactions amounted to 4.3 billion UZS.

In addition, the agency put 99 state-owned assets up for auction with a total value of 736 billion UZS. Of these, 73 assets were sold for 374.9 billion UZS. Currently, 62 state-owned assets worth a total of 495.5 billion UZS are available at auction.

In 2026, electronic online auctions also led to the sale of 807 land plots covering a total area of 391.2 hectares. Additionally, 635 hectares of land are currently offered at auction.

Participants were provided with information on the privatization mechanisms established by Presidential Decree No. UP-177. According to current conditions, buyers acquiring state assets and land intended for non-agricultural use can make an initial payment of 15% of the property value and repay the remaining amount with interest-free payments.

The organizers also highlighted current privatization procedures, requirements for participating in electronic auctions, and opportunities to use state property for implementing investment projects. This roadshow is being held for the sixth consecutive year to inform entrepreneurs and investors about available state assets and the conditions for their acquisition.