Russian-Kyrgyz Dev’t Fund to finance construction of furniture factory for over USD 1M

Economy 0

Bishkek, July 29, 2021 . / Kabar / . The Russian-Kyrgyz Development Fund (RKDF) will provide funding for the construction of SAARA EXCLUSIF furniture factory in the amount of $ 1 million 73 thousand, Chairman of the Fund Artem Novikov said.

The project includes the construction of a modern furniture workshop with the necessary infrastructure, as well as the purchase of equipment for the automation of production.

“The launch of SAARA EXCLUSIF project provides a combination of modern technologies and engineering solutions, which will increase the company's market share in the country up to 15%.

Implementation of the project will lead to import substitution of furniture products in some positions, and exports to Kazakhstan and Tajikistan are also planned. The project provides for the creation of additional jobs," Novikov wrote.

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