Kyrgyzstan Set to Launch First-Ever Carpet Flooring Production

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Kyrgyzstan Set to Launch First-Ever Carpet Flooring Production

The Azerbaijani-Kyrgyz Development Fund and Orion Grand LLC have signed an investment agreement to fund the establishment of a modern carpet manufacturing plant in Kyrgyzstan, according to the press service of the Ministry of Economy and Commerce of the Kyrgyz Republic.

This is the first project of its kind in the Kyrgyz Republic. Currently, carpet flooring is entirely imported into the country, The Caspian Post reports citing Kyrgyz media.

The project will:

  • Establish local carpet production and partially replace imports;
  • Create new jobs;
  • Strengthen the country’s industrial potential.

The total cost of the project is $3.2 million. Financing from the Azerbaijani-Kyrgyz Development Fund will amount to $1 million.

The production is targeted not only for the domestic market of Kyrgyzstan but also for export to Uzbekistan, Tajikistan, Azerbaijan, and other countries.

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The Azerbaijani-Kyrgyz Development Fund and Orion Grand LLC have signed an investment agreement to fund the establishment of a modern carpet manufacturing plant in Kyrgyzstan, according to the press service of the Ministry of Economy and Commerce of the Kyrgyz Republic.