A public-private partnership agreement on the “Trans-Eurasian Route” railway project was signed in Bishkek on February 19 between the National Investment Agency under the President of the Kyrgyz Republic, Kyrgyzstan’s national railway company Kyrgyz Temir Zholu, and US-based consortium All American Rail Group Global Infrastructure Partner LLC, the National Investment Agency announced. The project will
The Ministry of Foreign Affairs of Kazakhstan on February 18 hosted the signing of an agreement for the implementation of an investment project for the production and deep processing of non-ferrous metals in Kazakhstan with China’s East Hope Group, a leading global manufacturer of non-ferrous metals, semiconductor technologies, and industrial innovations. The signing ceremony was
The Islamic Development Bank (IsDB) and the Government of Uzbekistan have signed two agreements to enhance the country’s education and road infrastructure sectors. The signing took place on the sidelines of the Al-Ula Conference for Emerging Market Economies between IsDB Group Chairman, Dr. Muhammad Al Jasser, and Uzbekistan’s Deputy Prime Minister & Minister of Economy
Kazakhstan’s national atomic company, Kazatomprom, has announced the signing of the first-ever contract with Switzerland-based Axpo Power AG, alongside Kernkraftwerk Leibstadt AG (KKL AG), for the supply of Kazakh natural uranium concentrates for the energy needs of Switzerland’s Beznau and Leibstadt nuclear power plants. Vladislav Baiguzhin, Chief Commercial Officer of Kazatomprom commented that the expansion
According to local executive bodies, in 2024 Kazakhstan introduced water-saving technologies on 158,000 hectares of agricultural land. Sprinkler irrigation systems were used on 56,000 hectares of farmland and drip irrigation systems on 44,000 hectares. President Kassym-Jomart Tokayev earlier criticized the slow progress in adopting water-saving practices, citing annual water losses of up to 40% in
Kyrgyzstan President Sadyr Japarov on February 14 laid the foundation stone for the construction of a new airport complex at the International Airport of Osh, the country’s second-largest city. According to the presidential press service, the new terminal will have more comfortable conditions for passengers, including a spacious hall, modern check-in areas, a food court,
On February 15, prior to an official visit of Uzbekistan President Shavkat Mirziyoyev to Kuwait, an Uzbek-Kuwaiti business forum took place in Al-Kuwait, the capital of this country. The event was attended by leaders from ministries and agencies, industry associations, and representatives from over 100 major companies and financial institutions from both countries. The delegations
According to Kazakhstan’s Ministry of Industry and Construction, in 2024, a total of 18.96 million square meters of housing were built in Kazakhstan, a record figure since the country’s independence. This translated into 172,089 new homes (both individual houses and apartments). Of them, 39,064 were individual houses. The city of Shymkent, as well as the
Construction of the Great Silk Road industrial technopark has begun in cooperation with Chinese company Zhejiang Holley Global Industry Development on 227 hectares of land in the city of Almalyk. Around 100 enterprises will be located in the park, focusing on areas such as electrical engineering, textiles, building materials, and pharmaceuticals. Over 12,000 new jobs
The Ministry of Digital Development, Innovation and Aerospace Industry of Kazakhstan and Freedom Telecom Holding Ltd. (Kazakhstan) have signed a memorandum of cooperation in the construction of a fiber-optic hyper-highway and data centers for the transit and storage of international internet traffic. The construction of the West-East national hyper-highway will significantly increase the volume of
Uzbekistan plans to create a network of “Shaded Walking Streets” in 32 cities and districts across the country, the Ministry of Ecology, Environmental Protection and Climate Change announced. The initiative was proposed in a draft presidential decree, “On the State Program for the Implementation of Uzbekistan-2030 Strategy in the Year of Environmental Protection and Green
According to the Ministry of Water Resources and Irrigation of Kazakhstan, 1 billion cubic meters of water were sent to the North Aral Sea from October 2024 to January 2025, 100 million cubic meters more than planned. Thanks to the agreements reached with neighboring Central Asian countries, a total of 1.6 billion cubic meters of
On February 10, Uzbekistan President Shavkat Mirziyoyev chaired a meeting on the current work in atomic energy and priority tasks for the future. It was said that Uzbekistan is utilizing all available energy sources to meet the growing energy demands of the population and the economy. In addition to traditional power generation, around 4 gigawatts
Batumi Sea Port LLC, a subsidiary of Kazakhstan’s KazTransOil JSC, has transshipped 3,000 tons of Kazakhstani ammonium phosphate for export, KazTransOil said. This marks the first-ever export of this mineral fertilizer through the port of Batumi (Georgia) via the Trans-Caspian International Transport Route (TITR). In 2025, Batumi Sea Port LLC plans to transship 50,000 tons
On February 7, Tashkent hosted a series of events aimed at enhancing Uzbek-Mongolian trade, economic, and investment cooperation. The agenda was preceded by a bilateral meeting between the heads of delegations from the two countries: Deputy Prime Minister Zhamshid Khodjaev representing Uzbekistan and Vice Prime Minister Sainbuyan Amarsaikhan, a member of the Great State Khural
Kazakhstan will receive 16 billion cubic meters of water from Uzbekistan by October 1, 2025, 1 billion cubic meters more than during the previous water management year (October 2023 – October 2024). The agreement was reached on February 5 by Kazakhstan’s Minister of Water Resources and Irrigation Nurzhan Nurzhigitov and Uzbekistan’s Minister of Water Resources
Kazakh Invest, Kazakhstan’s national investment company, and China’s Polyking New Horizons Technology Industry Co. Ltd have signed a memorandum of understanding to collaborate on projects in the field of low-altitude economy. Under the agreement, an industrial park is planned to be constructed in Kazakhstan, integrating drone technologies, smart cities, and intelligent manufacturing. The project will involve $200
Uzbekistan is steadily developing its transport network, modernizing the road sector, and building new modern highways. With the support of the World Bank, the country has developed a project to build an alternative highway connecting the capital, Tashkent, and the city of Andijan. The commissioning of this 314-kilometer highway will reduce travel time between the
The World Bank’s latest economic update on Kazakhstan, “Funding the Future: Boosting Revenues for Lasting Investments,” presents a mixed outlook for the country’s economy, with a projected acceleration of growth from 4 percent in 2024 to 4.5-5 percent in 2025, driven by increased oil production and continued fiscal support. According to the report, growth is expected to
In 2024, Kyrgyzstan’s gross international reserves grew by $1,851,600,000 and reached $5,088,100,000, a 57.2% increase compared to 2023, Melis Turgunbaev, the Chairman of the National Bank of the Kyrgyz Republic (NBKR), wrote on his Facebook page. According to Turgunbaev, one of the key factors behind the increase in reserves was the rising price of gold,
