Plans to sell the assets of indebted enterprises in Uzbekistan
During the significant changes observed in the Uzbek economy in recent years, the condition of large industrial enterprises has become of great importance to society. This was reported by Zamin.uz.
By January 2026, the situation around well-known companies such as Enter Engineering, Eriell, and Saneg had sharply escalated. These enterprises had accumulated a total wage debt of 131 million dollars to their employees.
This large amount of debt turned the issue of social protection for 38,700 workers and employees into an urgent problem. The government approved a plan for the large-scale sale of assets belonging to the group of companies to effectively resolve this crisis situation.
To organize this process transparently and fairly, a special Saneg Asset structure was created under the State Asset Management Agency. The funds from the sales will be transferred directly to a separate account opened at the National Bank.
According to the established procedure, unpaid salaries of employees will be fully covered first. The remaining funds will be used to pay taxes and various credit obligations that must be paid to the state budget.
If demand for the properties put up for sale on the E-Auction electronic platform is low, their starting price will be reduced by five percent each week. However, the total price reduction is set not to exceed twenty percent.
The list of assets to be sold is very extensive, including Enter Engineering offices in the Chilonzor and Sergeli districts of the capital, Eriell offices on Shahrisabz and Chorbog' streets. Also, the building of the Tashkent International Medical Center, a fuel filling complex in Sergeli, Samarkand International Airport, and eight hotels there will be put up for sale.
Large facilities such as the Fergana oil refining complex and the storage terminal in Angren are also included in this list. This step is very important for restoring the financial stability of the companies and fulfilling obligations to employees.
The government is not only limiting itself to closing debts but is also taking measures to attract new investors to complete strategic projects. In particular, international cooperation is being sought for projects such as the Tebinbuloq metallurgical complex, modernization of the Fergana oil refining plant, the gas-chemical complex based on MTO, and the development of Bukhara airport.
At the same time, strict requirements have been established regarding tax benefits. The possibility of deferring tax payments until January 2027 will only come into effect after all debts to workers have been fully eliminated.
This decision is an important step aimed at protecting workers' rights and strengthening economic discipline.
