KazakhExport in media

A KAZAKHSTAN COMPANY IS BUILDING A GOLD RECOVERY PLANT IN KYRGYZSTAN

A Kazakhstan company has started building a gold recovery plant in Kyrgyzstan” – reports a correspondent of Khabar 24. The Project is being implemented on the Jeruy Deposit in the Talas Oblast, its cost is over $107 mln.

It is planned that the materials used in the construction will be mostly Kazakhstan-made. And this means that about 7-8 domestic enterprises will also be involved in the supply of metal structures, equipment and as subcontractors.

Furthermore, Kazakhstan will set up an enterprise of this kind abroad for the first time. The Company has had the opportunity to enter the neighboring market due to a support tool as a bank guarantee insurance.

Kuanysh Mukazhanov, Director of the KazakhExport’s Insurance Department: “We have previously supported a construction company, which provides road construction services in Georgia. But such projects where a Kazakh company is building a factory or a plant abroad are, probably, the first time in the Kazakhstan history. The effect of this support is, in the first place, tax revenues to the Kazakhstan budget, and creation of new jobs. In addition, it is currency earnings.

    24.01.2019

https://24.kz/ru/news/economyc/item/292056-kazakhstanskaya-kompaniya-stroit-zolotoizvlekatelnuyu-fabriku-v-kyrgyzstane