Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan’s Agency for State Asset Management (SAMA) and the Türkiye–Uzbekistan Business Council under the Foreign Economic Relations Board of Türkiye (DEİK) have signed a memorandum of cooperation aimed at attracting Turkish investors to the country’s privatisation programme.
In 2026–2027, the government plans to put up for sale state-owned stakes in 84 companies, 1,242 real estate properties and around 8,000 hectares of land, with a combined estimated value of approximately 100 trillion soums, the agency’s press service reported.
The memorandum was signed by SAMA Director Sohibjon Murodov and Türkiye–Uzbekistan Business Council Chairman Özgür Onur Özgüven. It provides for informing Turkish companies about state assets available for privatisation, exchanging investment proposals, establishing direct business contacts and facilitating the attraction of Turkish capital.
One of the first steps in implementing the agreement will be a special panel session for Turkish investors, proposed for December 2026. The event is expected to showcase promising assets, discuss the terms of participation in privatisation and arrange talks between potential investors and agency representatives.
During the meeting, Murodov outlined the main areas of the privatisation programme and the terms for acquiring state assets set out in Presidential Decree No. UP-177.
Investors are eligible for a 25% discount if they pay the full purchase price within six months, interest-free instalments over a period of up to seven years, and the opportunity to begin reconstructing acquired properties after paying at least half of their value.
According to SAMA, Turkish entrepreneurs have acquired more than 30 state assets in Uzbekistan in recent years, with a combined value of around US$366 million.
The agency expects that closer cooperation with DEİK will encourage further participation by Turkish businesses in privatisation, the modernisation of enterprises and the establishment of new production facilities.
