Industrial Development · 13 October 2026
According to Gazeta.uz, a 49.07% state stake in the charter capital of the UzXCMG joint venture in Urgench, Khorezm region, has been listed for electronic auction on E-auksion. The starting price for the state package is set at 140.53 billion soums, with a deposit requirement of 4.22 billion soums, representing 3% of the initial value. The bidding is scheduled for 19 October at 10:00, with applications accepted until 9:00 on the same day.
The enterprise specializes in manufacturing machinery for the mining industry and underground operations, as well as hydraulic excavators, construction equipment, and maintenance services. The plant is located on Sanoatchilar Street on a 5.99-hectare land plot, with documented building space of 23 thousand square meters and actual space of 24.4 thousand square meters. The plant employs 159 people.
The buyer will acquire the state share inclusive of all accounts payable and receivable. Conditions require an initial installment of 15% within 30 calendar days, with the remainder payable in interest-free installments. Established in 2014 by Uzbekiston temir yullari and China's Xuzhou Construction Machinery Group (XCMG), the company generated a net profit of 29.95 billion soums in 2025 but recorded a loss of 1.39 billion soums in the first quarter of 2026.
All newsAccording to Spot.uz, a mobile data center previously owned by Turkiston Bank has been put up for sale through the E-auksion platform. The asset is being sold following a decision made by the bank creditors meeting in late October. Turkiston Bank went bankrupt in October 2022, and the economic court declared the credit institution bankrupt in February 2023.
According to Gazeta.uz, the 500 kV Koltsevaya substation was put into operation in Tashkent Region on 7 November. The facility will improve the reliability of power supply to the capital and parts of Tashkent Region, as well as more optimally distribute the load on existing electrical networks. The total cost of the project, implemented with the participation of the World Bank, amounted to 171.4 million US dollars, according to the press service of the Ministry of Energy of Uzbekistan.
Start a conversation
Bring us an opportunity, a technical challenge or a partnership idea.
Talk to our team
