KPMG Uzbekistan Honored as «Best Privatization Consultant»

Tashkent, May 3, 2025 – KPMG Uzbekistan has been awarded the prestigious “Best Privatization Consultant” title at the annual ceremony organized by the National Association of Investment Institutions of Uzbekistan. The event brought together key players in Uzbekistan’s financial sector and served as a significant platform for promoting best practices in investment.

Saltanat Sandykbayeva, Partner and Head of Investment & Capital Markets at KPMG Uzbekistan, accepted the award on behalf of the firm. In her speech, she stated:

"KPMG Uzbekistan’s team of experts combines international expertise with deep local knowledge, working closely with government bodies and private companies to ensure transparency and efficiency in all processes. Over the past few years, we have successfully advised on several major privatization projects involving Uzbekistan’s key state-owned enterprises. This award reflects the strong collaboration between KPMG Uzbekistan and our clients, motivating us to continue implementing global best practices and supporting strategic initiatives that drive the country’s economic growth. We are proud to contribute to Uzbekistan’s sustainable development and assist the government in its reform agenda."

Since 2017, Uzbekistan has been undertaking large-scale economic reforms aimed at liberalizing the economy and attracting foreign investment. Privatization of state-owned enterprises has been a key focus, with the government actively reducing its economic footprint to create opportunities for the private sector and international investors. In this context, KPMG Uzbekistan plays a pivotal role, providing expert advisory services at every stage of the privatization process.

KPMG Uzbekistan’s Investment & Capital Markets Expertise

The firm’s Investment & Capital Markets team comprises over 40 highly qualified professionals, leveraging deep market insights and strong stakeholder relationships to deliver leading advisory services.

Key areas of expertise include:

• End-to-end M&A advisory – From pre-deal asset analysis to post-privatization support, including feasibility studies, market and competitor analysis, valuation, negotiation strategy, documentation, partner search, and deal structuring.
• Foreign investment facilitation – Market analysis to identify high-potential sectors, crafting compelling investment proposals, organizing negotiations with key stakeholders, and providing operational support.
• Public-Private Partnership (PPP) advisory – Developing viable PPP models, financial feasibility assessments, economic justification, and full-cycle project support from concept to implementation.
• Comprehensive feasibility studies – In collaboration with KPMG’s tax, legal, and other specialists, the team delivers detailed cost-benefit-risk analyses, financial modeling, revenue forecasting, and risk mitigation strategies.
• “People’s IPO” program advisory – Serving as a Strategic Consultant to Uzbekistan’s State Assets Management Agency, KPMG Uzbekistan provides in-depth financial and economic assessments of companies preparing for public listing, ensuring compliance with regulatory standards, and advising on IPO readiness, investor engagement, and stakeholder coordination.

KPMG Uzbekistan remains committed to supporting the country’s economic transformation and believes that continued collaboration between the public and private sectors will ensure the success of Uzbekistan’s privatization program, unlocking new opportunities for businesses and investors alike.