In Kyrgyzstan, plans are underway to launch the Eurasian Industrial and Financial Park

A meeting was held at the Ministry of Economy and Commerce of the Kyrgyz Republic under the chairmanship of Minister of Economy and Commerce of the Kyrgyz Republic Bakyt Sydykov with representatives of European companies Edelweiss Group, Piper Deutschland AG, Swisscows AG, BRUGG Group of Companies, and Mountain Wolf.

During the meeting, the parties discussed the prospects for expanding investment, industrial, and technological cooperation between the Kyrgyz Republic and European partners, as well as issues related to the implementation of large-scale investment projects within the country.

Special attention was given to initiatives for the creation of the Eurasian Industrial and Financial Park on the territory of the Kyrgyz Republic, as well as the establishment of the Kyrgyz-Swiss Investment Fund for Development. The parties exchanged views on issues such as the formation of modern industrial and engineering infrastructure, attracting foreign direct investment, implementing advanced technologies, localizing production, and developing export-oriented enterprises.

As a result of the meeting, memorandums of cooperation were signed between the Ministry of Economy and Commerce of the Kyrgyz Republic and the foreign company Edelweiss Group in the following areas:
— creation of the Eurasian Industrial and Financial Park on the territory of the Kyrgyz Republic
— establishment of the Kyrgyz-Swiss Investment Fund for Development.

According to the discussed initiatives, the Eurasian Industrial and Financial Park is viewed as a modern platform for locating manufacturing enterprises, financial and business infrastructure, as well as innovative and technology companies.

In turn, the Kyrgyz-Swiss Investment Fund for Development is intended as a mechanism to facilitate investment attraction, support promising investment projects, and expand economic cooperation between the Kyrgyz Republic and European partners.

The implementation of these initiatives will help intensify the inflow of investments into the economy of the Kyrgyz Republic, introduce modern technologies and international experience, develop industrial infrastructure, and strengthen trade-economic and investment cooperation with European partners.

Source: egov.kg