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Development of the Construction Sector and Investment Potential

Wednesday, 19 February 2025 09:15

The construction sector plays a key role in the economy of the Kyrgyz Republic, driving infrastructure development, job creation, and enhancing the country's investment attractiveness. The growth of this industry directly impacts the quality of life for citizens and the sustainable development of regions.

On February 18, an introductory meeting was held at the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic with representatives of the Public Association "International Builders Association", led by Chairwoman Ainura Sagyn. The delegation also included Vice Chairs and the Executive Director of the Association. From the Secretariat, the meeting was attended by Head of the Secretariat Uluk Kydyrbaev and experts.

The meeting focused on discussing the activities, objectives, and development plans of the Association within the construction sector. Representatives of the Association shared information about their current projects and the key challenges facing construction companies in the country.

Among the key topics highlighted were:

  • Enhancing the regulatory framework;
  • Improving conditions for attracting investments;
  • Raising construction quality standards.

The parties explored possible solutions to these challenges, including the introduction of modern technologies and expanding collaboration between the public and private sectors. Plans for future cooperation were outlined, and it was agreed that the key issues affecting the construction industry would be raised on the Investment Council platform for further discussion and decision-making.

This meeting marked an important step in strengthening the partnership between government institutions and the construction industry. The Association expressed its interest in joining the Investment Council and emphasized its commitment to actively participating in discussions on construction sector development and improving the investment climate.

In turn, the Secretariat of the Investment Council reaffirmed its readiness to support initiatives aimed at advancing the construction industry and facilitate the implementation of projects that will contribute to economic growth in the Kyrgyz Republic.