The State Assets Management Agency of Uzbekistan is launching a competition to attract an experienced consultant to develop a privatisation strategy for Navoiyazot.

Source: Rupec

The Navoiyazot plant processes natural gas and produces fertilisers, reagents for gold mines, and small-tonnage chemical products. The business produces more than 30% of chemical products in Uzbekistan and is one of the largest chemical companies in the country.

The company, owned by the state and the state-owned holding company "Uzkimyosanoat", plans to put its shares in its authorised capital up for sale. Both the privatisation of the entire company and the sale of individual independent divisions, production chains, infrastructure, and services are being considered.

By the end of 2021, Navoiyazot had exported a total amount of products worth 6.9 billion sum, mainly to Central Asian and European countries.

In January 2023, the news broke that another large business in Uzbekistan would be privatised - Ferganaazot. Singapore's Indorama is acquiring 99.02% of the company's shares.