30.01.2024, 12:15 72941

Kazakhstan ready to invest $70 million in economy of Kyrgyzstan in 2024

Kazakhstan ready to invest $70 million in economy of Kyrgyzstan in 2024
Images | Kabar
Kazakhstan is ready to invest USD 70 million in the economy of Kyrgyzstan in 2024,Minister of Foreign Affairs of Kazakhstan Murat Nurtleu told following negotiations with Foreign Minister of Kyrgyzstan Jeenbek Kulubaev in Bishkek, Kabar reports.

According to him, successful investment cases include the Bozumchak open-pit copper-gold mine, which is being developed by the largest Kazakh copper production company, focused on the development of copper mining and new mining operations KAZ Minerals, as well as the construction of a 50 MW solar power plant in the Issyk-Kul region.

It is worth noting that last year Kazakhstan was one of the active investors in the economy of Kyrgyzstan. Direct capital investments by the Kazakh side amounted to USD 55 million. In turn, the total volume of investments in the economy of Kyrgyzstan today exceeded USD 1.3 billion. We are Kyrgyzstan’s third trading partner," he said.

In this context, the head of the Foreign Ministry of the Republic of Kazakhstan emphasized that Kyrgyzstan is one of the main trading partners of Kazakhstan within the CIS and the EAEU.

We see good prospects in this direction and are ready to increase our exports by another USD 260 million - about 200 commodity items that Kazakhstan can offer to the Kyrgyz side. There is good potential in the food, industrial, petrochemical, construction, pharmaceutical and other industries," he concluded.


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