Land plots are planned to be offered for auction as “ready-made packages” with construction permits. This is stipulated in President Shavkat Mirziyoyev’s decree dated August 28 on reducing the state’s participation in the economy and accelerating privatization.
According to the decree, Uzbekistan is introducing a practice of temporarily retaining the right to “special state participation” (a “golden share”) during the privatization of large and strategic enterprises. It will be applied based on special presidential resolutions.
The right to “special state participation” will be used to “protect national security, social stability and the interests of the population,” with mandatory disclosure before the privatization process begins.
Large higher education institutions and specialized medical centers will be transformed into business entities. Private investors will be involved in their activities, including through the sale of shares at public auctions.
Starting from October 1, the registration of rights to shares in companies where the state holds more than 50% will be handled by the Central Securities Depository. The new procedure will also apply to their subsidiaries.
From the same date, the establishment of new state institutions in sectors with a “developed competitive environment” without state-budget funding will be prohibited. Exceptions will apply to institutions operating in the defense and security sectors, as well as cases specified in presidential resolutions.
All non-core structures of state-owned companies that have the status of institutions will be reorganized, separated from their parent companies and put up for auction.
By December 1, state institutions engaged in commercial activities must be transformed into business entities. This requirement does not apply to organizations performing tasks unrelated to administrative, social, cultural or commercial activities.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
