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Investments

South Korean Firm Invests $12 Million in Kyrgyz Meat Processing Facility

A major South Korean investment is set to strengthen Kyrgyzstan’s agricultural sector with the launch of a $12 million agro-industrial complex. A groundbreaking ceremony held on December 10 in the village of Baytik, Chui region, marked the start of construction on the project, a joint venture between the state-owned Kyrgyz Agroholding JSC and South Korea’s DOD Company. According to the Kyrgyz Ministry of Water Resources, Agriculture, and Processing Industry, the facility will feature the country’s first shock-freezing unit capable of blast-freezing meat to -35°C. This technology helps preserve the natural structure of the meat, minimizes moisture and weight loss, and extends shelf life without additives, meeting export standards required by high-end markets such as South Korea and Japan. The project will also include a feedlot for 5,000 head of cattle, ensuring a reliable and consistent supply chain for the processing plant. Speaking at the ceremony, Deputy Chairman of the Cabinet of Ministers Bakyt Torobaev said the investment reflects strong trust from Korean partners and represents a major step in integrating Kyrgyz meat production into global value chains. Torobaev noted that Kyrgyz Agroholding, established to develop agro-industrial clusters and boost exports, plans to launch a pilot “Meat Cluster” project in 2026 in the Chui-Bishkek economic zone. Ten cluster associations will receive financing at 3% interest to purchase livestock, feed, cold-chain storage systems, packaging equipment, refrigerated trucks, and working capital. He also highlighted that, for the first time since independence, the Kyrgyz Armed Forces are now fully supplied with domestically produced food, an indicator of the growing capacity and resilience of the national agricultural sector.

World Nomad Games

Kyrgyzstan Secures Exclusive Rights to World Nomad Games Brand

On December 9, Kyrgyzstan officially received the exclusive rights to the World Nomad Games trademark in a formal handover ceremony attended by Chairman of the Cabinet of Ministers Adylbek Kasymaliev. Over the years, the Games have evolved into a major international festival showcasing Central Asia’s rich cultural traditions through events featuring birds of prey, equestrian sports, traditional wrestling, archery, and displays of physical skill and endurance. The rights were transferred by Askhat Akibayev, the founder of the World Nomad Games and former Plenipotentiary Representative of the Kyrgyz Government in the Issyk-Kul region. Kasymaliev praised Akibayev’s foundational role in developing the Games into a globally recognized cultural and sporting event. “Over the past decade, the World Nomad Games have become one of the largest global platforms for promoting ethnic culture, the values of nomadic civilization, and traditional sports,” he said. “Today, this project is a true national brand for Kyrgyzstan, the flagship of our state’s cultural diplomacy, and an important symbol of our international authority.” Launched by Kyrgyzstan in 2012, the World Nomad Games aim to revive and preserve the cultural heritage of nomadic civilizations. The inaugural Games were held in September 2014 in the resort town of Cholpon-Ata on the shores of Lake Issyk-Kul. Kyrgyzstan also hosted the second and third editions in 2016 and 2018. The 2022 Games were held in Turkey, and the 2024 edition took place in Kazakhstan. Kyrgyzstan will host the sixth World Nomad Games from August 31 to September 6, 2026.

Investment Projects

EDB Establishes Investment Bridge Between Gulf Capital and Central Asian Projects

The Eurasian Development Bank (EDB), headquartered in Almaty, has opened a representative office in Abu Dhabi Global Market (ADGM), the United Arab Emirates’ international financial center, marking a strategic move to connect Gulf Cooperation Council (GCC) investors with high-potential projects across Central Asia. According to the Bank, the new platform will offer GCC investors structured investment opportunities backed by EDB analytics, regional expertise, and strong ties with the governments of its member states, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. Through this initiative, investors will gain access to infrastructure and sustainable development projects with optimized risk-return profiles. At the launch ceremony, EDB Management Board Chairman Nikolai Podguzov underscored the strategic significance of the move. “We are creating an ‘investment highway’ between Gulf capital and opportunities in Central Asia. Our new office in Abu Dhabi reinforces our role as a regional bridge, combining local knowledge with tailored financial instruments. Investors gain access to proven projects with favorable risk-return dynamics, while Central Asian economies unlock new development funding.” A centerpiece of the new platform is a specialized credit fund dedicated to financing infrastructure development in Central Asia. Registered under ADGM jurisdiction, the fund will focus on debt financing for EDB’s infrastructure portfolio. The Bank highlighted ADGM’s regulatory advantages, noting that the fund will offer Middle Eastern and global investors a secure and efficient entry point into the region’s development landscape. EDB will serve as both a structuring partner and co-investor, providing access to a diversified project pipeline. Priority Sectors for Investment Transport and Logistics: The development of the North-South Corridor could boost transit volumes through Central Asia by up to 40%, significantly reducing shipping distances between the Gulf and key Eurasian markets. Water Sector and Agribusiness: The irrigation equipment market in Central Asia is valued at approximately $426 million annually, while the broader water supply sector is worth up to $2 billion. Renewable Energy: The sector continues to attract major players such as the UAE’s Masdar, which has established a growing footprint across Central Asia. Strengthening Gulf-Central Asia Economic Ties In recent years, the Gulf states have become major trading partners and investors in Central Asia. According to EDB data, trade between the Gulf and Central Asia reached $3.3 billion in 2024, a 4.2-fold increase since 2020. Imports from the Gulf made up 80% of the total trade turnover. Top Central Asian trading partners with the Gulf in 2024 were: Turkmenistan - $2 billion (61%) Uzbekistan - $740 million (23%) Kazakhstan - $302 million (9%) The highest trade growth rates were recorded in: Turkmenistan - up 9.9 times Kyrgyzstan - up 9.5 times Uzbekistan - up 8.1 times The UAE accounted for 97% of all Gulf-Central Asia trade. For Turkmenistan, Gulf trade represented around 10% of total foreign commerce, while Kyrgyzstan’s share stood at approximately 1%, with even lower figures across other regional states. The EDB projects continued growth in trade, citing an unrealized potential of $4.9 billion, including $4.4 billion in potential Gulf exports (motor vehicles, electronics, jewelry) and $500...

Wildlife

Kyrgyzstan Adopts Online Tools to Combat Illegal Wildlife Trade

Customs and border officers in Kyrgyzstan haven’t traditionally focused on the smuggling of animals and plants, even though conservationists say the country is a transit point in Central Asia’s illegal wildlife trade. Backed by international expertise, Kyrgyzstan’s government is working to change that in a campaign that supporters hope will foster more regional collaboration. “We recognize that this work must be done step by step; we cannot build everything at once,” said Bakytbek Tokubek uulu, Central Asia program manager of TRAFFIC, a Britain-based conservation group. Some species considered to be vulnerable to illegal commerce in Central Asia include Saker falcons, coveted in the Middle East for falconry; Central Asian tortoises, which are smuggled as exotic pets; Saiga antelopes, whose horns are used in traditional medicine; and Argali sheep and Marco Polo sheep, which are hunted for trophies. For the first time, Central Asia recently hosted the main meeting of the Convention on International Trade in Endangered Species of Wild Fauna and Flora, a United Nations entity also known as CITES. The conference in Uzbekistan, which ended on December 5, drew delegates from around the world and raised awareness in the region about the legal and illegal wildlife trade and protections for tens of thousands of species of animals and plants. At a presentation during the meeting, the TRAFFIC conservation group described a new electronic database that Kyrgyzstan will use in an effort to detect and prevent wildlife smuggling. The database rollout, which followed training workshops in Bishkek over the summer, will help officials with wildlife checks, including verification of CITES permits, that were sometimes overlooked by officers more involved in searching for weapons and explosives. [caption id="attachment_40661" align="aligncenter" width="403"] Law enforcement officers in Kyrgyzstan during wildlife database training. Photo: Bakytbek Tokubek uulu/TRAFFIC.[/caption] The database will record wildlife smuggling cases, making it easier to spot suspicious conduct, and outline ways to identify animal parts and what documents are needed for import and export. Fauna & Flora, another Britain-based NGO, is also involved in the project overseen by Kyrgyzstan’s Ministry of Natural Resources, Ecology and Technical Supervision. It is funded by the U.S. State Department’s Bureau of International Narcotics and Law Enforcement Affairs. “In the future, we envision all Central Asian governments having their own electronic CITES databases, enabling them to issue and track CITES permits online,” Tokubek uulu, the regional TRAFFIC manager, said in written responses to questions from The Times of Central Asia. “Ultimately, our long-term goal is for all Central Asian countries to operate interconnected systems that share data in real time and enable coordinated, rapid responses like it is at TWIX,” he said. TWIX, which stands for Trade in Wildlife Information eXchange, is an online platform, currently in operation in Europe and Africa, that allows law enforcement agencies to share information across borders as they track wildlife smuggling. Some law enforcement officers at the summer training in Kyrgyzstan said they weren’t previously familiar with the CITES permit system, according to TRAFFIC. “The shift in mindset takes time: officers...

Energy Cooperation

Uzbekistan, Kyrgyzstan Strengthen Energy Ties as Kambarata-1 Project Advances

Uzbekistan and Kyrgyzstan are deepening their energy partnership as progress continues on the Kambarata-1 Hydropower Plant (HPP), one of Central Asia’s most ambitious infrastructure projects. Uzbek President Shavkat Mirziyoyev met with Kyrgyz Energy Minister Taalaibek Ibrayev in Tashkent to discuss regional energy cooperation, according to Kyrgyz news agency 24.kg, citing the Kyrgyz Ministry of Energy. The talks focused on strengthening strategic ties between the two countries, with particular emphasis on hydropower development. Both sides acknowledged the growing momentum in bilateral relations and reaffirmed their commitment to joint regional energy initiatives. Mirziyoyev underscored the importance of collaborative water and energy projects, identifying Kambarata-1 as a top priority for all three participating countries, Uzbekistan, Kyrgyzstan, and Kazakhstan. “For the effective use and joint management of the region’s hydropower potential, next year we will begin financing the construction of the Kambarata-1 Hydropower Plant together with Kyrgyzstan and Kazakhstan,” Mirziyoyev said, as quoted by the Kyrgyz Ministry of Energy. He also expressed gratitude to Ibrayev and representatives from major energy companies in the United Arab Emirates, Turkey, and Azerbaijan for supporting Uzbekistan’s efforts to attract investment and adopt advanced energy technologies. The Kambarata-1 project is a trilateral initiative involving Kyrgyzstan, Uzbekistan, and Kazakhstan. With a projected cost of $4.2 billion, the venture has already secured $5.6 billion in committed financing from international financial institutions, according to Uzbek Energy Minister Jorabek Mirzamahmudov. Mirzamahmudov noted that the most recent trilateral ministerial meeting took place in Brussels in late September, coordinated by the World Bank. The event brought together representatives from 10 major financial institutions, including the European Bank for Reconstruction and Development, the European Investment Bank, the OPEC Fund, the Asian Infrastructure Investment Bank, and the Asian Development Bank. Despite strong financial and political backing, the project faces unresolved technical concerns. At a recent parliamentary session in Bishkek, Kanatbek Abdrakhmatov, president of Kyrgyzstan’s National Academy of Sciences, warned that seismic microzonation, a critical safety assessment, has not yet been conducted at the planned construction site. Kambarata-1 is expected to have an installed capacity of 1,860 MW, a reservoir volume of 4.5 billion cubic meters, and a dam height of 256 meters. The facility will house four turbines capable of producing over 5.5 billion kWh of electricity annually. Under the current ownership structure, Kyrgyzstan will hold a 34% stake in the project, while Uzbekistan and Kazakhstan will each hold 33%.

Economic Growth

Kyrgyzstan Reports Strong Economic Growth and Budget Surplus

Kyrgyzstan's consolidated budget for 2025 is expected to exceed $12.5 billion, marking the first time it will cross the historic threshold of one trillion soms. The announcement was made by Chairman of the Cabinet of Ministers Adylbek Kasymaliev during a government meeting on December 8. Kasymaliev stated that while the 2025 state budget was initially approved at the equivalent of $8 billion, it had expanded by $4.3 billion by year-end, leaving the country with a budget surplus of more than $110 million. According to the Statistics Department of the Eurasian Economic Commission, Kyrgyzstan was the only member of the Eurasian Economic Union (EAEU) to post a budget surplus in the first nine months of 2025. The surplus totaled $1 billion, with revenues reaching $4.9 billion and expenditures at $3.9 billion. By comparison, the surplus in the same period of 2024 was $0.5 billion. Citing International Monetary Fund data, Kasymaliev noted that Kyrgyzstan ranked among the top three countries globally in terms of real GDP growth in 2024. The national economy grew by 10% in the first ten months of 2025, with all major sectors showing expansion. The construction sector led with a remarkable 42.8% growth rate. GDP per capita for 2025, initially projected at $2,616, is now expected to reach $2,770 by the end of the year. Kyrgyzstan’s international reserves also saw a significant increase. As of the end of October 2025, reserves stood at $7.955 billion, up by $3.02 billion compared to October 2024, according to the National Bank. The National Statistics Committee earlier reported that Kyrgyzstan’s GDP grew by 11.5% in 2024. Services accounted for the largest share of GDP at 52.3%, followed by goods-producing industries at 33.3%, industry at 17%, construction at 7.7%, and agriculture at 8.6%. The Eurasian Development Bank (EDB) forecasts record-high economic growth for Kyrgyzstan in 2025, driven by robust investment activity. From January to October, fixed capital investment rose by 18.9%, with state budget funds and company resources accounting for 31% and 23% of that total, respectively.