PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of April 21, 2025 No. UP-70

About the Privatization program for 2025

(Extraction)

For the purpose of ensuring execution of the tasks determined by Strategy "Uzbekistan - 2030", on bringing share of the non-state sector to 85 percent by 2030 and reducing number of the companies with participation of the state by 6 times, transformations of large enterprises and commercial banks with participation of the state, reducing the companies which are their part, in industries with the created competitive environment, and also further acceleration of processes of privatization I decide:

I. Purposes

1. Determine the main target indicators of privatization for 2025:

(a) realization of the state assets and parcels of land on the amount the 30th trillion sum and ensuring receipt at least 10th trillion sum;

(b) exposure to the biddings of shares in the authorized capital of 115 societies, 659 real estate objects belonging to the state and the companies with participation of the state, and also 6,1 thousand hectares of the parcels of land;

(c) exposure to the biddings at initial stage of right to use by at least than 30 fields and sites of minerals.

II. Reducing the state participation in economy

2. For the purpose of reducing the state participation in economy and increase in share of private sector to impose till January 1, 2030 the moratorium on creation of the companies with participation of the state (except for the companies connected with defense and safety and also in the cases provided in decisions of the President of the Republic of Uzbekistan).

3. Determine that:

(a) initiation republican and local executive bodies of acquisition of real estate objects, and also creations of the companies which are not corresponding to the state functions and criteria of ownership of state-owned property is not allowed;

(b) republican and the local executive bodies performing functions of the shareholder (the participant, the founder) at the companies with participation of the state and also the members of the supervisory boards of data of the companies elected on the state share bear the personal responsibility for ensuring execution of requirements of this Item of the Decree.

4. To the Cabinet of Ministers till May 1, 2025:

(a) to approve the list of deputy managers of the ministries and departments to whom personal monitoring of questions of privatization and public-private partnership is assigned;

(b) to take measures for change of position of the deputy for transformation on large enterprises with participation of the state to position of the first deputy on finance, transformation and privatization.

5. Approve:

(a) The list of blocks of shares (shares) exposed on the public biddings according to appendix No. 1 *;

(b) The list of real estate objects of the state and the companies with participation of the state exposed on the public biddings according to appendix No. 2 *;

(c) The plan for exposure to electronic online biddings of the parcels of land for the organization of business and town-planning activity in 2025 in priority procedure, on the property right according to appendix No. 3 *;

() the List of main types of fields and sites of minerals which rights to use on production in 2025 are exposed on electronic online biddings, according to appendix No. 4 *;

(e) The main objectives of the deputies responsible for privatization and public-private partnership in the ministries, departments and on large enterprises with participation of the state, according to appendix No. 5*.

III. Privileges in case of privatization and lease of state-owned property

6. Determine that for the purpose of acceleration of privatization of the state assets:

(a) objects of state-owned property up to 10 thousand square meters are directly transferred to free use to the subjects of entrepreneurship making high-technology products for a period of 5 years, and also in case of accomplishment of terms of the contract are implemented to these subjects of entrepreneurship directly on estimated value according to the procedure, established by the Cabinet of Ministers;

(b) the real estate objects which are not realized in time more than one year after use of the mechanism of step-by-step decrease in the starting price and not being attractive to buyers are brought in the authorized capital of other legal entities as share;

(c) if assets of the liquidated JSC Uzpakhtasanoat and the companies which are its part were not realized within three months, these assets are put up for sale with step-by-step decrease on 10 percent to 50 percent of their starting price with payment term of payments by installments up to three years;

(d) the requirement about obligatory participation of local authorities of the government in the authorized capital of the markets and malls is cancelled.

7. Determine that for the purpose of acceleration of realization of the parcels of land:

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