China to invest $300 mn in cotton
processing in Tajikistan
China State Machinery Industry Construction Group Inc will
help the Shino Tajikistan Kulyab Textile Industry
Park raise $300 million for processing cotton fibre in
Tajikistan. The groupís trade manager Hu Sina led a
delegation of Chinese businessmen to the country and met
minister of economic development and trade Nematullo
Hikmatullozoda in March first week.
The park is located in the new Kulyab free economic zone
(FEZ). The resolution to establish the Kulyab FEZ was
adopted by the Tajik Government in February end. Four FEZs
operate at present in the republic.
Investment in this enterprise is expected to be carried out
in two stages. Financing during the first stage will be $130
million, whereas it will be and $170 million during the
second, media in the
Commonwealth of Independent States zone reported citing the
press service of the Tajik ministry of economic development
The park will create 5,500 jobs and annual
processing of cotton will be 35,000 tonnes.
China Machinery Industry Construction Group
Inc is the largest state corporation for construction
Until the middle of the 2000s, cotton was
considered one of the two main exports of Tajikistan.