The EDB considers implementing investment projects in the Kulob Free Economic Zone in Tajikistan
Dushanbe, 18 September 2020. Representatives of the Eurasian Development Bank (EDB) and the Eurasian Fund for Stabilization and Development (EFSD) visited the Kulob Free Economic Zone (FEZ) in Tajikistan. Pasha Sadykhov, EDB Director for Tajikistan, and Masrur Nazriyev, EFSD Project Representative, met with Mustafo Abdullozoda, Head of the Kulob FEZ Administration, to discuss investment projects to construct new industrial enterprises in the Kulob FEZ using the existing tax and customs preferences.
The sides focused on the possible extension of grants by the EFSD to construct priority infrastructure in the Kulob FEZ such as power supply, water supply, sewerage, and bank protection, and develop a feasibility study for the construction of a railroad.
EDB representatives also met with Abdukodir Valizoda, Mayor of the town of Kulob, to discuss priority investment projects approved by the State Committee for Investment and State Property Management, the Ministry of Industry and New Technology, and the Ministry of Finance.
“During the meeting, we productively discussed the possibilities and ways to implement investment projects in the Kulob FEZ, including the construction of plants to manufacture energy-saving LED light bulbs and other electrical appliances, batteries, elevators, glass, vegetable oil, those to process fruit and vegetables, cotton fibre, leather, and wool, and manufacture footwear, as well as other enterprises, with the use of local raw materials and the involvement of local businesses using tax and customs preferences,” said Pasha Sadykhov, EDB Director for Tajikistan.
The sides agreed to arrange a business meeting for local entrepreneurs and representatives of the State Committee for Investment and State Property Management, the Ministry of Industry and New Technology, the EDB, the EFSD, and the Kulob FEZ.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.
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