Why is this important
For Uzum, such cooperation could become a connecting link between e-commerce and the country’s logistics infrastructure, while for UzPost, it could accelerate the modernization of the postal network, digitalization, and improve delivery efficiency.
What happened
- Uzum stated that it intends to invest in infrastructure modernization, logistics, branch development, and digital solutions in collaboration with UzPost.
- The company’s plans for 2026 include expanding the network of order delivery points to over 1,000 across the country and increasing the share of orders delivered through postal infrastructure to 10% of Uzum Market’s total order volume.
- Uzum intends to invest more than $1.5 billion in Uzbekistan within 3-4 years, and logistics with UzPost is one of the priorities.
- UzPost previously responded that it was considering attracting investments and that “in the case of a large investor, all information will be disclosed according to the law”.
- As previously reported, part of UzPost’s shareholders were changed: among the new ones are the State Assets Management Agency and the National Investment Fund.
Context
The state-owned stake in UzPost could be privatized, and a potential buyer could be a Russian marketplace — specifically Wildberries. UzPost had previously announced plans to modernize and invest in the company amid the growth of e-commerce and a decrease in demand for traditional postal services.
