DUSHANBE, February 10, 2011, Asia-Plus — Open joint-stock company OJSC Kazakh-Tajik Joint Investment Fund is currently considering four projects for investment, Mukan Sagindykov, chairman of the fund board, announced in Dushanbe on February 9.
Among them are the projects for construction of a macaroni-producing plant and mini oil refinery in Tajikistan. The fund top managers did not specify places for construction of these enterprises.
Sagindykov noted that the fund would invest in the projects that would be repaid in the future. “The fund plans to invest in enterprises and companies that have already become well-established in Tajikistan’s market and need additional investment for further development,” he said
The fund does not intend to invest in social projects, the board chairman added. “We will thoroughly select companies and enterprises for investment. All projects offered for consideration will be studied within one or two months,” he noted.
We will recall that the heads of state of Tajikistan and Kazakhstan signed an investment deal in Dushanbe in September 2007 during Kazakh President Nursultan Nazarbayev’s official visit to Tajikistan. The sides agreed to set up a joint investment fund of 100 million U.S. dollars that will be used to invest in projects in Tajikistan. Under the agreement, Kazakhstan provides 80 percent of the money for the fund.
The fund gives priority to the economic areas that are of interest of both countries: electric power generation, agriculture, the mining industry and other important spheres of the economy.
