Orta Asya Yatırım Holding, a subsidiary of Turkish conglomerate Ihlas Holding, has recently made headlines with its latest investment agreements with the government of Kyrgyzstan. The company has signed two separate deals worth a whopping $6.3 billion, showcasing its commitment to expanding its presence in the Central Asian region.
The first agreement, worth $4.2 billion, is for the construction of a new airport in the capital city of Bishkek. This project is set to be one of the largest investments in the country’s history and is expected to significantly boost the country’s economy. The new airport will have a capacity of 5 million passengers per year and will also include a cargo terminal, making it a crucial hub for trade and commerce in the region.
The second agreement, worth $2.1 billion, is for the development of a new industrial zone in the city of Osh. This project aims to attract foreign investment and create job opportunities for the local population. The industrial zone will focus on sectors such as textile, food processing, and construction, which are vital for the country’s economic growth.
These agreements were signed during a high-level meeting between the Kyrgyz government and Orta Asya Yatırım Holding, which was attended by top officials from both sides. The Turkish Ambassador to Kyrgyzstan, Cengiz Kamil Firat, also expressed his support for these investments, stating that they will strengthen the already strong ties between the two countries.
The CEO of Orta Asya Yatırım Holding, Mr. Mehmet Emin Karamehmet, emphasized the company’s long-term commitment to the development of Kyrgyzstan. He stated, “We are proud to be a part of the growth story of Kyrgyzstan. Our investments will not only contribute to the country’s economy but also create job opportunities for the local population.”
The signing of these agreements is a testament to the confidence that the Turkish business community has in the Kyrgyz economy. It also reflects the country’s potential for growth and development, which has been recognized by international investors.
The government of Kyrgyzstan has also expressed its gratitude towards Orta Asya Yatırım Holding for its significant investments in the country. The Minister of Economy, Sanjar Mukanbetov, stated, “We are delighted to have such a reputable company like Orta Asya Yatırım Holding investing in our country. These projects will not only boost our economy but also enhance our infrastructure and create employment opportunities for our people.”
The investments made by Orta Asya Yatırım Holding will not only benefit the Kyrgyz economy but also strengthen the ties between Turkey and Kyrgyzstan. The two countries have a long history of cooperation, and these investments will further enhance their bilateral relations.
Moreover, these agreements are a clear indication of the potential for further investments in Kyrgyzstan. The country offers a favorable business environment, with a strategic location and a young and skilled workforce. With the support of the government and the trust of international investors, Kyrgyzstan is poised to become a major player in the Central Asian region.
In conclusion, Orta Asya Yatırım Holding’s investments in Kyrgyzstan are a significant milestone for both countries. The new airport and industrial zone will not only boost the country’s economy but also create a positive impact on the lives of the local population. This move by the Turkish conglomerate showcases its confidence in the potential of Kyrgyzstan and sets the stage for further investments in the future.