In recent years, systematic measures have been taken to reduce the state's dominant role in the economy and create favorable conditions for private capital. In particular, the adoption of the laws "On State Property Management" and "On State Property Privatization" in 2023–2024 served as a solid legal foundation for the sector.

Revenues increased by 55 times and major transactions were implemented

While revenues from privatization amounted to just 1.1 trillion soums in the 10-year period leading up to 2020, this figure reached 77.6 trillion soums in 2020–2025. Based on the "Sell or Explain" principle, the number of state-participated enterprises was reduced by 61 percent.

A number of major transactions were signed to attract international investors:
■ Coca-Cola Uzbekistan — 252 million USD
■ Ipoteka Bank — 324 million USD
■ Samarkand Automobile Plant (75.2% state share) — 80 million USD.

Market Mechanisms: Real Estate and Land Market

In accordance with the new Law "On Real Estate Activity" adopted in 2026, a Unified Register and Multiple Listing Service (MLS) are being introduced. This will allow real estate services to be provided on a "single window" principle and facilitate a transition to a transparent digital model.

Furthermore, the volume of land plot sales through auctions increased nearly 4-fold in 2022–2025. In the first half of 2026 alone, 1.8 thousand hectares of land plots were sold, surpassing the annual figure for 2022. Meanwhile, applications for the privatization of non-state land by individuals and legal entities increased 5-fold.

"E-auksion" and plans up to 2030

As a result of the introduction of digital technologies, nearly 1.5 million objects have been put up for sale through the "E-auksion" platform to date, of which over 1.2 million have been realized. Entrepreneurs have been provided with opportunities for installment payments and long-term lease with the right of future purchase.

In the next stage of reforms — up to 2030, it is aimed to increase the share of the non-state sector in the economy to 85 percent and reduce the number of state-participated enterprises by another 6 times.