Uzbekistan and Türkiye have agreed to deepen investment cooperation and encourage greater participation by Turkish companies in the privatization of state-owned assets in Uzbekistan.

The agreement was reached during a meeting between Sohibjon Murodov, Director of Uzbekistan’s State Assets Management Agency, and Özgür Onur Özgüven, Chairman of the Türkiye-Uzbekistan Business Council under Türkiye’s Foreign Economic Relations Board (DEİK), according to UzA.

Following the talks, the sides signed a Memorandum of Cooperation aimed at providing Turkish businesses with information about Uzbekistan’s privatization plans, exchanging investment proposals, and establishing regular business contacts.

As part of the agreement, a special investment session for Turkish businesses will be organized in December.

The event will showcase promising state-owned enterprises and other assets available for privatization, as well as explain the terms and conditions for potential investors.

During the meeting, Murodov outlined the scale of Uzbekistan’s upcoming privatization plans.

Under a presidential decree, state-owned stakes in 84 enterprises, 1,242 real estate properties, and nearly 8,000 hectares of land are scheduled to be offered for sale in 2026-2027.

The total estimated value of these assets stands at nearly 100 trillion soums.

To attract investors, Uzbekistan is introducing several financial incentives for those interested in acquiring state-owned assets.

Investors who pay the full purchase price within six months will receive a 25% discount. Buyers will also be able to make interest-free installment payments over a period of up to seven years.

Additionally, investors will be permitted to begin reconstruction work on acquired properties after paying at least 50% of the purchase price.

The expanded cooperation is expected to create new opportunities for Turkish businesses seeking to enter Uzbekistan's market and participate in the country's large-scale privatization program.