PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of April 21, 2025 No. UP-70

About the Privatization program for 2025

(Extraction)

For the purpose of ensuring execution of the tasks determined by Strategy "Uzbekistan - 2030", on bringing share of the non-state sector to 85 percent by 2030 and reducing number of the companies with participation of the state by 6 times, transformations of large enterprises and commercial banks with participation of the state, reducing the companies which are their part, in industries with the created competitive environment, and also further acceleration of processes of privatization I decide:

I. Purposes

1. Determine the main target indicators of privatization for 2025:

(a) realization of the state assets and parcels of land on the amount the 30th trillion sum and ensuring receipt at least 10th trillion sum;

(b) exposure to the biddings of shares in the authorized capital of 115 societies, 659 real estate objects belonging to the state and the companies with participation of the state, and also 6,1 thousand hectares of the parcels of land;

(c) exposure to the biddings at initial stage of right to use by at least than 30 fields and sites of minerals.

II. Reducing the state participation in economy

2. For the purpose of reducing the state participation in economy and increase in share of private sector to impose till January 1, 2030 the moratorium on creation of the companies with participation of the state (except for the companies connected with defense and safety and also in the cases provided in decisions of the President of the Republic of Uzbekistan).

3. Determine that:

(a) initiation republican and local executive bodies of acquisition of real estate objects, and also creations of the companies which are not corresponding to the state functions and criteria of ownership of state-owned property is not allowed;

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