Millions invested in fireworks and hotels in Kyrgyzstan

Director of the State Agency for Attraction of Investment and Export Alymbek Orozbekov told today at a press conference which projects are being implemented in Kyrgyzstan at the expense of foreign investments.

He paid attention to nine major investment projects. Thus, investors intend to build in Kyrgyzstan an international standard hotel Novotel. The project is implemented by the domestic company which acquired a franchise from the world-famous company Accor Group. The volume of investments is $ 25 million.

Another major project is the agro-industrial park of cooperation «Iskra of Asia». The investor is the Chinese company Guyu. The estimated amount of investment can reach $ 1 billion.

Salut Company LLC built a plant for the production of civil explosives in Kyzyl-Oktyabr village. More than $ 5.8 million have been already invested.

In addition, investors intend to build a plant for the production of bimetallic aluminum radiators, a textile factory, a meat and dairy plant, a plant for the production of vegetable oils, as well as to establish production of medicines and open a medicine faculty for foreign students.