24.12.21

"Next year we plan to implement more than 6 investment projects, among them the resumption of the idle Kara-Balta carpet factory," Acting Minister of Investment Nuradil Bayasov said today, December 24, at a briefing in Bishkek.

Over the past 4 months, we have been able to reach all agreements with the investor; he has already invested 400 thousand dollars in this project. These are funds related to current repairs, with the purchase of shares, so that they can move in a consolidated manner," he said.

He added that the project is estimated at $ 25 million, and from 800 to 1000 jobs will also be created. "This is a new textile cluster, within which, unlike neighboring countries, new products will be produced, this is fleece, processing of all remnants of textile activity in the Kyrgyz Republic at this factory, taking into account 100% of exports. Today we were able to receive the founders of this company, they arrived from abroad. During the negotiations, we also talked about the opportunities of Kyrgyzstan, about the benefits and preferences that we are ready to provide them. We expect that at the end of 2022 we will prepare all the activities to launch the enterprise. But this company already has contracts for the next 4 years for the export of products," he said.

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