Uzbekistan’s State Assets Management Agency (SAMA) will establish cooperation with the Foreign Economic Relations Board of Türkiye (DEİK) on privatisation, the agency’s press service has announced.
Last week, SAMA Director Sohibjon Murodov met with Özgür Onur Özgüven, Chairman of the Türkiye-Uzbekistan Business Council under DEİK. Murodov presented the main areas of the privatisation programme, investment opportunities and terms for purchasing state-owned assets under a presidential decree issued in August.
Particular attention was paid to the scale of the upcoming privatisation phase. In 2026−2027, the government plans to put state stakes in 84 companies, 1,242 real estate properties and around 8,000 hectares of land up for sale, with a combined estimated value of approximately 100 trillion soums. Investors are offered discounts, interest-free instalment plans of up to seven years and other incentives.
Turkish businesses have already acquired more than 30 state-owned assets in Uzbekistan in recent years, with a total value of around $366 million, the meeting noted.
Further cooperation is expected to create new opportunities for attracting investment. According to SAMA, greater participation by Turkish businesses could help modernise local enterprises and establish additional production capacity.
Following the meeting, SAMA and DEİK signed a memorandum of cooperation. It aims to establish systematic engagement with Türkiye's business community, expand direct contacts and promote Uzbekistan’s investment opportunities.
The document provides for joint efforts to inform Turkish companies about assets put up for sale. The parties also plan to exchange investment proposals, encourage business contacts and attract Turkish capital to the transformation of Uzbekistan’s economy.
As one of the first practical steps, the Turkish side proposed holding a special panel session for investors from Türkiye dedicated to privatisation in Uzbekistan.
The event is intended to serve as a platform for presenting promising assets and discussing participation in tenders. It will also include direct talks between SAMA and potential investors.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
