Chinese to Build Industrial Park and Bonded Warehouses in Kyrgyzstan

China - Kyrgyzstan

A memorandum of cooperation has been signed between the Ministry of Economy and Commerce of the Kyrgyz Republic and the Xinjiang Xing Long Corporation on the establishment of an industrial park in Kyrgyzstan and construction of bonded warehouses in the territories of both countries.

The agreement was made during a visit by the Chinese company to Bishkek where delegates met with Deputy Minister of Economy and Commerce Nazarbek Malaev.

The Chinese company has constructed innovative industrial parks in the city of Urumqi, Xinjiang, and owns the Xing Long Industrial Park in Urumqi spanning over 300,000 square meters and home to over 200 large and medium-sized companies.

Deputy Minister Malaev welcomed the corporation’s plan to build an industrial park on the territory of Kyrgyzstan and pledged support for its to implementation. He also  expressed interest in pursuing joint industrial ventures in Kyrgyzstan.