Uzbek president orders cutting state's share in economy, accelerating privatization
TASHKENT. April 7 (Interfax) - Uzbek President Shavkat Mirziyoyev has the directed relevant agencies to continue reducing the state's share in the national economy, improve the efficiency of asset management, and accelerate privatization on the basis of contemporary approaches, Uzbek media reported on Tuesday.
According to data cited by the media, the state's share in Uzbekistan's economy is currently 42%, and 1,685 businesses are wholly or partially owned by the state. Assets valued at nearly 30 trillion sum were privatized in 2025, generating budget revenues of over 10 trillion sum. Land sales totaled 6 trillion sum.
The official exchange rate as of April 7 is 12,175.34 sum/$1.
The critical discussion focused on persistent systemic problems. Specifically, its participants decided to tighten requirements to be met by investors in terms of preserving employment, implementing advanced technologies, and improving production efficiency.
It was reported that 451 companies in challenging financial situations had incurred losses totaling 14 trillion sum in 2024, and 362 such companies posted losses amounting to 4 trillion sum in 2025. In this regard, the president ordered an in-depth analysis of the public sector's performance and the implemention of new financial stability assessment mechanisms and an early risk identification system.
It was decided to pursue privatization based on a sectoral principle, taking into account socioeconomic implications and the level of competition in each sector.
Special attention was paid to efficiently using state property at the local level and integrating unused space into economic circulation.
The participants also mentioned the problem of unused land, as business activity has still not been fully developed on 3,100 hectares of the 11,400 hectares allocated in 2022-2025. Considering this, the president gave orders to implement online monitoring of land use, sell land through auctions based on ready projects, and tighten investor selection criteria.
It was proposed that a digital technology project office be set up within the State Assets Management Agency to monitor privatization processes online and integrate artificial intelligence elements into financial analysis and revenue distribution.
