On March 27, President Shavkat Mirziyoyev held an expanded meeting to discuss this year's priority tasks for the privatization of state property.

Large-scale work is being carried out on privatization in order to develop entrepreneurship and effectively use land and buildings. In 2021-2024, state assets worth 47 trillion soums were sold. This is 30 times more than in the previous decade.

Due to this, the number of enterprises with state participation decreased by 2 times, the state's share in the economy decreased by 13 percent. The efficiency of privatized property has also increased several times.

Previously, mainly small enterprises and facilities were sold, but now large state assets are also being put up for sale. In particular, the Kungirat Soda Plant, large enterprises such as Foton, Temiryolkonteyner, and the International and Lotte hotels were privatized.

Last November, for the first time, more than 3 million shares of the Commodity Exchange were sold to the public through the “people’s IPO,” and 11,000 people became shareholders.

However, there are still many shortcomings in the system and untapped potential in regions and sectors. There are delays in converting vacant land into economic assets and selling ready-made buildings put up for auction.

For example, 1.5 thousand hectares of land put up for auction without studying the specialization of the territory and the possibility of laying communications have not been sold for more than 1 year. The negotiation process for putting up 4,000 land plots for auction has been delayed. Ministers and governors have not transferred 243 properties that were supposed to be sold last year to the State Assets Agency.

Work is also not progressing at large state-owned enterprises. 22 enterprises, such as "Avtosanoat", "Kimyosanoat", "Metallurgiya Kombinati", "Uzbekneftegaz", have not yet switched to international financial reporting. "Uzbekistan Pochtasi", "Uzbekistan Airports", "Uzbekistan Temir Yollari" have not yet received a credit rating.

The meeting, which was held in a critical spirit, highlighted the need to resolve such issues and accelerate work. The goals for 2025 in the field of privatization were set. In particular:

- Sell state property worth 30 trillion soums, ensuring at least 10 trillion soums in revenue for the budget;

- Put up for sale state shares in 116 enterprises and 581 real estate objects;

- Put up for auction 6.1 thousand hectares of land, bringing the sales volume to 6 trillion soums;

- to offer at least 300 mines and fields to entrepreneurs, generating 500 billion soums in revenue.

As a result, additional investments will flow into the economy, expand opportunities for entrepreneurship, and create thousands of jobs.

At the meeting, a number of incentives were announced to achieve these goals.

Now entrepreneurs will be able to directly purchase state property that they have been renting for at least five years. Today, there are 632 such objects. At least 2 trillion soums can be generated by selling these properties to the tenants themselves.

The initial price of 131 unsold assets of the cotton industry will be reduced by 50 percent and put up for auction. In this case, entrepreneurs will be given the opportunity to pay for them in installments for up to three years.

Currently, at least 51 percent of the 537 markets and shopping complexes in the republic belong to local khokimiyats. Now this procedure will also change. The requirement for the mandatory participation of local khokimiyats in the markets will be abolished. This will also be an additional opportunity for entrepreneurs.

Opportunities for the sale of land plots will also be expanded. For example, adjacent land plots of small area that have not been sold at auction for a long time will be combined and put up for re-auction.

There are also good experiences in effectively using state assets and increasing revenues to the local budget. For example, in Tashkent, municipal-class land plots were inventoried and an electronic database was created. 102 inefficient buildings and 97 hectares of vacant land were identified and auctioned off. Last year, 60 billion soums were received from the privatization of 118 hectares of land plots under buildings and structures. This is 5 times more than in 2022.

Now this experience will be introduced in all regional centers, and next year in districts.

Another important issue in the field is bringing state-owned enterprises to the international market. To date, this system has proven itself and is effective. International organizations also recognize this.

The authorities were tasked with continuing these processes, involving experts. It was decided to put 28 more large enterprises on public trading on international markets this year, and 10 more next year.

The Prime Minister was instructed to approve a "roadmap" in this regard and discuss its implementation every month.

Ministers, heads of sectors and khokims reported on the issues discussed at the meeting.