President Shavkat Mirziyoyev, by his March 24 decree, approved a new program for the privatization of state-owned assets for 2023.

The Decree says that the State Assets Management Agency, governor and mayor offices and other government agencies have analyzed and proposed to cut over 30,000 state bodies, enterprises with state participation and enterprises in their system, as well as real estate.

In the decree Shavkat Mirziyoyev has approved a list of 1,001 objects with state shares, which are planned to be sold in their entirety through public auctions.

We are talking about subsidiaries and shares in firms of 39 large state-owned companies, 8 banks, 20 ministries, as well as other government agencies and local authorities.

Among the assets to be sold:

• 50 assets of Uzavtosanoat, including dealerships;
• shares of Uzbekistan Railways in UzXCMG, Uztemiryulconteiner (UzRailwayContainer), KuprikQurilish (Bridge Construction);
• 14 oil depots of Uzbekneftegaz, gas stations of UNG Petro, a share in a joint venture with Tatneft, Bukhoro, Nasaf, Mashal football clubs and others;
• 8 stakes in Uzkimyosanoat, including Ammofos Maxam and Maxam-Chirchiq;
• Uztelecom's shares in Internet providers Buzton and East Telecom (minority), as well as in the GOC-UZ fiber optic cable plant;
• 25% in the Uzbek-American joint venture UzCaseMash;
• 20% in JV LG CNS Uzbekistan;
• foreign trade state company Uztrade;
• UzVC venture fund;
• state shares in Uzbekistan hotel (80.1%), JSC Foton" (85.6%), etc.

When putting assets up for auction, if necessary, it was instructed to take into account the establishment of such conditions as maintaining the core activities or organizing activities on their basis in one specific direction.

The Committee for the Development of Competition and Consumer Rights Protection, together with the AUGA, was instructed to inventory the exclusive rights granted to the enterprises from the list and make proposals for their cancellation.

While, 1046 real estate objects owned by the state and companies with state shares will be put up for auction. Most of the property is supposed to be sold in Tashkent - 150 objects.

As reported earlier, the document also approved a list of 40 state-owned enterprises whose shares will be put up for a “people's IPO”.