The Ministry of Water Resources, Agriculture and Processing Industry of the Kyrgyz Republic, the Eurasian Development Bank (EABR), and the United Nations Industrial Development Organization (UNIDO) have signed an agreement to finance the development of a preliminary feasibility study for a new agri-park.

Project Goals and Financing

The creation of an integrated site will allow for the integration of agricultural production and processing processes. The project aims to develop supply chains to the end consumer, create new jobs, and expand the country's export potential.

Amount of funds allocated

371thousand dollars
—feasibility study funding from EABR

The funds provided by EABR will be used to determine the optimal development model for the park and to develop an investment attraction strategy. UNIDO, headquartered in Vienna, will provide expertise for the project's implementation.

"We see great potential in this initiative for developing agricultural processing, creating jobs, and strengthening the country's export capabilities."
Alexey Skatin, Deputy Chairman of the Management Board of EABR

Context

The Eurasian Development Bank (EABR) was founded in 2006 and is headquartered in Almaty. UNIDO is an international organization that has been operating since 1966.