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๐Ÿ‡ฐ๐Ÿ‡ฌ Kyrgyzstan /Economy & Trade

Investment projects worth 460 billion soms considered in Kyrgyzstan

From 24.kg · () Russian

Translated from Russian, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Kyrgyzstan is reviewing over 170 investment projects totaling approximately 460 billion Kyrgyz soms.
  • Special Representative of the President Bakyt Torobaev is leading efforts to study regional economic potential and form an investment portfolio.
  • The initiatives aim to boost socio-economic development, create jobs, and improve living standards, particularly in the Batken region.

Kyrgyzstan is actively seeking to bolster its economy through a significant investment drive, with over 170 projects currently under review and valued at around 460 billion Kyrgyz soms (approximately $5.2 billion USD).

Presidential Special Representative Bakyt Torobaev is spearheading this initiative, conducting in-depth studies of the country's regional economic capabilities to assemble a robust investment portfolio. The focus is on enhancing the socio-economic potential of various regions, with particular attention given to the Batken province and its districts: Batken, ะ›ะตะนะปะตะบ, and ะšะฐะดะฐะผะดะถะฐะน.

The realization of these initiatives will lead to significant changes in the socio-economic situation of the regions.

โ€” Bakyt TorobaevSpecial Representative of the President for Special Assignments, commenting on the potential impact of the investment projects.

Key sectors targeted for development include agriculture, tourism, manufacturing, clean water, and energy. Officials believe these areas hold the potential to significantly improve the quality of life for local populations and generate new employment opportunities. The overarching goal is to unlock the investment potential of each district and translate it into tangible economic growth, aligning with President Sadyr Japarov's directives for systematic project development and efficient resource utilization.

The main goal of such work is to determine the investment potential of each region of the country and transform it into real economic growth through investment projects.

โ€” Bakyt TorobaevExplaining the strategic objective behind the investment initiative.
DistantNews Editorial

Originally published by 24.kg in Russian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.