As of January 1, 2025, Uzbekistan is home to 688 joint-stock companies, with state ownership maintaining a commanding presence writes KAPDEPO. Data from the Central Securities Depository reveals that 261 companies, representing 37.9% of the total, have state participation, with the government’s stake amounting to UZS171.6 trillion (approximately $1.32 bn)—79.9% of all charter capital in the country.
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The Ministry of Economy and Finance of Uzbekistan holds the majority of state-owned shares, accounting for 65.9% of the total, followed by the Reconstruction and Development Fund (25.5%) and the State Assets Management Agency (8.1%).
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Foreign investors have a stake in 333 joint-stock companies, 48.4% of the total. However, their combined share of charter capital stands at a modest UZS 9.9 trillion (approximately $76.3 mn), just 4.6% of the total.
Hungary leads foreign investment with $23.9 mn, followed by the United Kingdom ($14.6 mn), Kazakhstan ($10.8 mn), Turkey ($4.5 mn), and Russia ($4.3 mn).
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