The key facts

  • UAGA and DEİK signed a memorandum of cooperation on privatization
  • In 2026–2027, assets worth ~100 trillion soums will be put up for sale: stakes in 84 enterprises, 1,242 real estate properties, and about 8,000 hectares of land
  • Turkish businesses have already acquired over 30 state assets worth ~$366 million; a panel session for Turkish investors is planned for December

Memorandum between UAGA and DEİK

The Agency for State Asset Management (UAGA) has signed a memorandum of cooperation with the Foreign Economic Relations Board of Turkey (DEİK), the agency's press service reported. The document was signed with the Turkey–Uzbekistan Business Council under DEİK and is aimed at attracting Turkish companies to privatization processes in Uzbekistan. As Spot.uz notes, on the eve of the signing, UAGA Director Sohibjon Murodov met with the council's chairman Ozgur Onur Ozguven and presented the main directions of the privatization program, investment opportunities, and the terms for purchasing state property under the president's August decree.

The scale of privatization and incentives for investors

At the meeting, Murodov spoke about the privatization plans for 2026–2027: state stakes in 84 enterprises, 1,242 real estate properties, and about 8,000 hectares of land will be put up for auction. The total value of the assets is estimated at approximately 100 trillion soums. Investors are offered incentives: a 25% discount is granted if the purchase price is paid in full within six months, an interest-free installment plan of up to seven years is available, and reconstruction may begin after paying at least 50% of the property's value. Turkish businesses have already acquired more than 30 state assets in Uzbekistan with a total value of about $366 million.

Practical steps

The memorandum provides for informing Turkish companies about assets put up for sale, exchanging investment proposals, and developing business contacts. As a first practical step, the Turkish side proposed holding a special panel session in December 2026 dedicated to privatization in Uzbekistan: promising assets will be presented there and the terms of participation in auctions will be discussed, while UAGA will hold direct negotiations with potential investors. UAGA expects that expanding the participation of Turkish businesses will help modernize local enterprises and create additional production capacity. Earlier, Spot reported that five investors expressed interest in purchasing the fueling complex of Tashkent Airport, and Turkey's Anadolu Group plans to launch a major retail chain on the Uzbek market.