The Cabinet issued a resolution aiming to sell non-core assets of the Enter Engineering, Eriell Group, and Sanoat Energetika Guruhi (Saneg) Group of companies to pay off debts to employees, the budget, and banks.

The group of companies owes $131 million in wages to 38,700 employees.

A working group headed by the Executive Director of the Uzbekistan Fund for Reconstruction and Development, Shukhrat Vafayev, has been set up to financially stabilize the group of companies. It has been tasked with preparing non-core assets for sale and using the proceeds to pay off debts, primarily wages.

List of assets to be put for sale:

• Enter Engineering's office at 47 Bunyodkor Avenue in Tashkent's Chilanzar District;
• Enter Engineering office at 38/40 Chashtepa Street in the Sergeli District;
• Eriell Group office at 151A Gavhar Street in the Mirabad District;
• Eriell Group office at 82A Chorbog Street in the Chilanzar District;
• Tashkent International Medical Center building;
• eight hotels of the Silk Road Samarkand tourist complex;
• Samarkand International Airport (operated by Air Marakanda);
• Altyaryk Oil Refinery in the Fergana province;
• Angren Storage Terminal.

The working group has also been tasked with preparing proposals for new investors who will be able to complete a number of strategic projects, which include:

• MTO (Methanol to Olefin) gas chemical complex in the Bukhara Province, valued at $5 billion;
• $8 billion oil shale processing industrial complex in the Navoi PROVINCE, valued at;
• Neofos chemical project at Samarkandkimyo plant (in 2020, the enterprise was transferred to Ferkensco Management Limited, and in December 2025, the state, represented by Uzkimyosanoat, returned its 24.94% stake to the plant);
• Tebinbulak mining and metallurgical plant project (being implemented by Triangul Metals Tebinbulak, a subsidiary of Saneg ENERA);
• Bukhara International Airport modernization project.

The resolution will extend deferral of taxes and customs duties for the group's affiliated companies until January 1, 2027. However, this step will only take effect after the debt to employees is repaid.

A special legal regime will also be deployed: companies will be restricted from selling, transferring, or encumbering assets to third parties without approval.

To sell the assets, a new subsidiary, Saneg Aktiv, will be set up jointly with the State Assets Management Agency. Proceeds from the asset sale will be deposited into a special account at the National Bank of Uzbekistan and used to pay off debts.

The transfer of assets to the new company shall be exempt from taxes and mandatory fees.

Should the assets not be sold through the E-Auksion platform, their starting price will be reduced by 5% every week, but no more than 20%.

According to public records, Saneg Aktiv was registered on February 3, 2026, with an authorized capital of 100 million soums. Sanoat Energetika Guruhi is the founder, and Mansurbek Makhmudov is listed as the director.

Furthermore, the stake in the Gazli Gas Storage joint venture, the operator of the country's largest gas storage facility, Gazli, whose beneficiary was Bakhtiyor Fazylov, may also be sold. According to messages distributed among employees, the company's management stated that there are no plans to liquidate the business and that operations will continue. It is noted that funds from the sale of the Gazli gas storage facility are expected by March 10, and wage arrears are planned to be paid by March 15. Workers have also been asked to "be patient, not to quit, not to strike, and not to sabotage work."

"The company continues to operate as usual, performing its obligations to employees, partners, and government agencies within the framework of current legislation," the company said.

Bakhtiyor Fazylov is the director or shareholder of a number of large companies, including Sanoat Energetika Guruhi Enera, Eriell Group, Enter Engineering, the Samarkand Touristic Centre tourist complex in Samarkand, and Air Marakanda.