To support Tajikistan’s smaller businesses, strengthen support for women entrepreneurs, improve energy efficiency, and boost housing finance, IFC — a member of the World Bank Group — is providing a $5 million loan in local currency to the country’s Bank Arvand. This long-term financing will allow Bank Arvand, an IFC partner since 2019, to ramp
A delegation of the largest U.S. trade mission in Central Asia visited Mangystau region as part of its visit to Kazakhstan. The visit aimed to familiarize with the region’s investment potential and the advantages of the Trans-Caspian International Transport Route (TITR, or the Middle Corridor), according to Kazakh Invest national company. A roundtable was held
In Astana on September 4, Deputy Minister of Foreign Affairs of Kazakhstan Alibek Kuantyrov held a meeting with representatives of leading US companies visiting Kazakhstan as part of a US trade mission. The parties discussed the status of ongoing and prospective projects, as well as the expansion of American companies’ presence in the Kazakh market.
Over the past three years, the value of high-tech exports from Kazakhstan has increased almost threefold. In 2024, the export of such products reached $7.3 billion, compared to $2.5 billion in 2021, finprom.kz reported with reference to the Bureau of National Statistics. Over these years, many of the goods exported by Kazakhstan have increased in
On September 4, Uzbekistan President Shavkat Mirziyoyev reviewed a presentation of measures for creating a value-added chain in agriculture. In the past years, the areas planted with cotton and grain have been reduced and reoriented towards food crops, 160 thousand hectares of new orchards and vineyards have been planted, and 1.5 thousand projects in the
Kazakhstan’s Ministry of Energy and China Energy Engineering Group have signed agreements on the construction of a large solar power plant with a capacity of 300 MW in the Sauran district of the Turkestan region in southern Kazakhstan. The Investment Agreement and the Power Purchase Agreement were signed on September 2 as part of the
India’s Deccan Gold Mines Ltd (DGML) announced significant progress towards production at its Altyn Tor Gold Project in Kyrgyzstan, the first Indian-owned gold production facility in Central Asia, The Times of India reported. The project develops the Solton-Sary deposit, located at an altitude of 3,500-3,600 meters above sea level in the Naryn region, 355 km from
On September 2 in Beijing, Kazakhstan President Kassym-Jomart Tokayev spoke at the 8th meeting of the Kazakh-Chinese Business Council. Tokayev said that last year, Kazakh-Chinese trade turnover reached a record high figure of $44 billion, and both countries plan to increase this figure in the next five years. “China has already invested $27 billion into
The Asian Development Bank (ADB) has approved a $233.1 million loan to Uzbekistan to help modernize a critical segment of the Central Asia Regional Economic Cooperation (CAREC) Road Corridor 2. The project aims to improve regional connectivity, reduce travel time, and enhance road safety and climate resilience in western Uzbekistan. The CAREC Road Corridor 2 Resilience
Kazakhstan and China’s Xinjiang Uygur Autonomous Region have agreed to prepare a roadmap for the development of trade and economic cooperation with a focus on diversifying bilateral trade and increasing non-resource exports from Kazakhstan. The agreement was reached during the recent negotiations in Urumqi between Kazakh Minister of Trade and Integration Arman Shakkaliyev and the
On August 27, Kyrgyzstan President Sadyr Japarov took part in the official ceremony launching the underground gold mining project at the Kumtor mine. The head of state highlighted the importance of this project not only for strengthening the national economy but also for ensuring environmental sustainability. “The underground gold mining project is set to operate
As part of the official visit of King Abdullah II ibn Al Hussein of Jordan to Kazakhstan on August 27, Kazakhstan’s National Atomic Company Kazatomprom JSC and Jordan Uranium Mining Company (JUMCO) signed Heads of Agreement relating to the development of Central Jordan Uranium Project. According to Kazatomprom, the purpose of the Agreement is to
On August 26, the President of Tajikistan Emomali Rahmon inspected the construction work progress at the dam of the Rogun hydroelectric power plant, the country’s largest. The Rogun plant’s dam is the highest rock-and-sand dam in the world, with its upper level at an altitude of 1,300 meters and its lower level at an altitude
Ahead of the official visit of King Abdullah II bin Al-Hussein of Jordan to Kazakhstan, around 50 of the largest Jordanian companies arrived in the country. To expand bilateral cooperation and strengthen business ties, Kazakh Invest national company organized a series of expert sessions with representatives of the pharmaceutical, veterinary, and agrochemical industries. During the session with
Deputy Chairman of the Management Board of Kazakh Invest national company Madiyar Sultanbek held a meeting with a delegation from the private business and academic community of Peshawar Province (Pakistan), which arrived in Kazakhstan to discuss prospects for trade, economic, and investment cooperation. According to Kazakh Invest, the delegation included representatives of leading educational, consulting, and
A new ambitious player is emerging on the global textile industry map. Uzbekistan, long known as a supplier of high-quality cotton, is now rapidly transforming into a manufacturing hub for internationally renowned brands. This transformation is the outcome of a state policy aimed at industry modernization, attracting investments, and integrating into global supply chains. Dozens
In the first half of 2025, cargo transportation along the Trans-Caspian International Transport Route (TITR) reached 2.3 million tons, 7% more than in the same period in 2024, according to the Kazakh Ministry of Transport. The TITR, also known as the Middle Corridor, links China and Europe via Kazakhstan and the Caspian Sea. Over the
In recent months, the growth of real wages in Uzbekistan has been lower than in neighboring countries in the region, UPL.UZ reported with reference to the Central Bank of Uzbekistan. In the first three months of this year, the average growth of real wages in Central Asian countries reached 9.8%. At the same time, in
The incidence of cancer has increased in Kazakhstan. The trend has been observed in cities; in rural areas, the number of cancer cases is decreasing, Energyprom.kz reported. According to the Ministry of Health of Kazakhstan, last year, the incidence of cancer per 100 thousand people in cities was 239.2, compared to 230 a year earlier.
The President of Uzbekistan has reviewed a presentation of projects being implemented in New Tashkent. Construction of the new city began in 2023, and the first buildings have already been erected. To realize large-scale plans, 19,700 hectares of land have been allocated in Yuqorichirchiq and Urtachirchiq districts. The project concept was developed by the British
