China Plans To Establish Energy, Mining, Transport Companies In Kyrgyzstan
Date
7/26/2024 7:19:13 AM
(MENAFN- Trend News Agency)
BISHKEK, Kyrgyzstan, July 26 . The Shanghai
Cooperation Organization's industry Committee plans to establish
several companies in Kyrgyzstan, Trend reports.
This was announced during a meeting between Nurbek Anarbeki,
Director of Kyrgyzstan's Center for Public-Private Partnership, and
representatives of the committee.
The planned companies include:
-Energy group, which will focus on developing thermal,
hydroelectric, solar, and wind energy and creating an integrated
electricity transmission and distribution network;
-Mining development group, aiming to explore high-value mineral
resources and engage in mineral processing and refinement;
-Transport network development group to invest in roads,
railways, airports, and terminals.
China is the primary trading partner for Kyrgyzstan. According
to the Statistical Committee, the trade turnover between the two
countries amounted to $2.712 billion from January through May 2024,
accounting for 41.8 percent of Kyrgyzstan's total trade turnover.
The value increased by 52.3 percent year over year.
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