Investment Potential and Priority Projects for Regional Development

Monday, 19 August 2024 10:46

The first session of the Regional Investment Council in Issyk-Kul Region, moderated by Uluk Kydyrbaev, Head of the Secretariat of the Investment Council, focused on the investment potential and priority projects for the development of the country's regions.

One of the key speakers was Asylbek Aliev, First Vice-President of the Tourism Development Support Fund of the Kyrgyz Republic. He presented the activities of the Fund and its initiatives to support the tourism sector, highlighting that Issyk-Kul Region attracts over 1 million tourists annually. He also spoke about the international sports complex being built in Tosor village.

In addition, Malik-Aidar Abakirov, Chairman of the Board of OJSC "Guarantee Fund," discussed the possibilities of providing guarantees for projects, which could be a crucial factor in attracting investments to various sectors of the economy.

Special attention was given to the development of the local entrepreneurial ecosystem. Mukash Kaldarov, Senior Adviser of UNDP on Social Cohesion, and Elvira Borombaeva, Adviser to the Plenipotentiary Representative of the President in Batken Region, shared their experience with the Business and Investment Development Council of Batken Region, where a strong focus is placed on supporting youth and women's entrepreneurship.

The session also covered projects in the areas of water supply and renewable energy. Dmitriy Pyatachenko, Director of the International Finance Corporation (IFC) in Kyrgyzstan, presented his recommendations on these issues.

The presentations of investment projects such as "Three Peaks" and "Meat Processing Plant. Balykchy" generated significant interest among participants. Representatives of CWP ASSOCIATES LLC and Dordoi-Balykchy LLC discussed the prospects for implementing these projects and their importance for the region.