Uzbekistan to scrap 14% surcharge on installment privatization deals

The president added that regional governors will now share equal responsibility with the State Assets Management Agency for selecting assets for privatization, overseeing their sale, and ensuring investment effectiveness.

Authorities noted that construction has yet to begin on approximately 3,000 hectares of the 11,500 hectares of land sold at auction over the past four years. This inactivity has resulted in an estimated loss of 100,000 potential jobs and UZS 20–25 trillion in unrealized added value. Additionally, 582 hectares of land and 122 state-owned assets offered at auction have remained unsold for more than a year.

Mirziyoyev stated that these delays reflect limited involvement by regional authorities in both approving privatization programs and conducting sales, as well as a failure to consult entrepreneurs in advance. He emphasized that every sale must prioritize attracting investment and creating jobs within local communities.