Tashkent, Uzbekistan (UzDaily.com) —  Uzbekistan has approved a list of 29 major enterprises with state participation whose shares will be offered for public auction over the next two years with the involvement of reputable international consultants.

The decision was made by a presidential decree “On the Privatization of Major Enterprises with State Participation on International Markets.”

The list includes companies such as Universal Mobile Systems (100%), UzAuto Motors (99.7%), UzAuto Motors Powertrain (100%), Uzbekistan GTL (100%), Uzmetkombinat (91%), and Navoiazot (75%).

Also among the enterprises selected for privatization are the insurance companies Uzagrosugurta and Uzinvest, with plans to sell 99.35% and 75.2% of the state’s stake in each, respectively.

The government further intends to sell between 99.6% and 100% of its shares in ten thermal power plants, including the Takhiyatas TPP, Tashkent TPP, Angren TPP, Novo-Angren TPP, Turakurgan TPP, Tashkent CHPP, Ferghana CHPP, and others.

According to the document, the privatization of these enterprises is scheduled to take place in 2025–2026.