Photo courtesy of Uzbekistan's State Assets Management Agency press service
The State Assets Management Agency (SAMA) of Uzbekistan has signed a memorandum of cooperation with Turkey's Foreign Economic Relations Board (DEIK). Under the Tashkent-endorsed agreement, the sides plan to forge closer partnerships with Turkish investors as part of Uzbekistan’s state enterprise privatization program, the Central Asian republic's agency press service reported.
The document provides for supplying Turkish companies with comprehensive data on state assets offered for sale, exchanging investment proposals, establishing direct business contacts, and drawing foreign capital into Uzbekistan's economy.
The memorandum is also designed to promote investment opportunities for Uzbek businesses in the Turkish market.
SAMA leadership used the opportunity to present key parameters of the privatization program and terms for asset acquisition set out by President Shavkat Mirziyoyev’s relevant decree.
In 2026–2027 alone, authorities plan to put state shares in 84 enterprises, 1,242 real estate units, and land plots totaling nearly 8,000 hectares up for sale.
The combined value of these assets stands at around 100 trillion soums (more than $8.3 billion), the Uzbek agency noted.
Turkish delegates were briefed on investor incentives, including a 25% discount off the purchase price if settled in full within six months. Those investing in the Central Asian republic's economy will also be eligible for seven-year interest-free installment plans. Additionally, investors can begin redevelopment once they have paid at least 50% of the asset cost.
Officials emphasized that Turkish entrepreneurs hold a prominent place in Uzbekistan's privatization campaign, having already acquired over 30 state assets valued at roughly $366 million in recent years. Agency officials expressed confidence that expanding cooperation will unlock fresh opportunities to attract capital, introduce advanced technologies, modernize enterprises, and launch new manufacturing facilities.
To move toward practical steps, the Turkish side proposed organizing a dedicated panel session for investors to showcase Uzbek assets slated for sale. SAMA and DEIK have tentatively scheduled the event for December of this year.
