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Russia and Tajikistan are planning to establish a joint industrial park in Tajikistan by 2030, in a move aimed at significantly boosting bilateral trade. The announcement was made by the Russian Ministry of Industry and Trade in a recent statement. The industrial park, to be built in Tajikistan and managed by the Russian side, is designed to facilitate the entry of more Russian industrial companies into the local market. According to officials, the project seeks to increase trade between the two countries by 2.5 times within the next five years. The initiative is part of Russia’s national project on international cooperation and export, and participation will be open to companies from both Russia and other countries. Products manufactured at the site are expected to be sold not only within Tajikistan but also across neighboring countries in Central Asia. Details of the project were presented in Dushanbe by Artur Galiullin, Deputy Director of the Department for International Cooperation and Export Licensing. His remarks came during a visit to the Korgohi Machine Building Enterprise. As previously reported by The Times of Central Asia, Tajikistan has made substantial progress in shifting trade settlements with Russia to the ruble. According to Firdavs Tolibzoda, Chairman of the National Bank of Tajikistan, over 90% of trade transactions are now conducted in Russian currency, a sharp departure from 2021, when trade was evenly split between the ruble and the U.S. dollar.
China’s East Hope Group (EHG), a global leader in aluminum and silicon production, plans to invest more than $12 billion in a large-scale non-ferrous metals production and processing project in Kazakhstan. The project was discussed last week during a meeting between Yerzhan Yelekeyev, Chairman of the Board of Kazakh Invest, and Changjun Meng, General Director of EHG. According to Kazakh Invest, EHG plans to build a large industrial park in Kazakhstan, incorporating advanced technologies in non-ferrous metallurgy. The facility will focus on deep metal processing and the production of finished goods for export to the European Union, Central Asia, and China. The project is expected to create up to 10,000 jobs at various stages of implementation. According to Changjun Meng, EHG has already registered a subsidiary in Kazakhstan, which will serve as the project's main operational center. The company has completed preliminary geodetic and hydrogeological studies of land plots across several Kazakh regions and plans to begin a detailed site assessment in the near future. Yelekeyev pledged comprehensive government support for the investment project, emphasizing its significance for Kazakhstan’s industrial sector. "Attracting major strategic investors like East Hope Group opens new opportunities for Kazakhstan," Yelekeyev stated. "We see this project not only as a large investment but also as a way to introduce advanced technologies, create new jobs, and localize production. It will strengthen Kazakhstan’s position in the global non-ferrous metals supply chain and significantly expand finished product exports." EHG has expressed its readiness to sign an investment framework agreement with Kazakhstan’s Ministry of Foreign Affairs and the Ministry of Industry and Construction, marking a significant step forward in the project’s development.
