According to information from the presidential envoy in the Jalal-Abad region, an agreement was signed on February 13 between the Cabinet of Ministers and the company OsOO "Yug Euro Cement" for the implementation of an investment project to build a cement plant in this city.
Present at the event were Tilek Tekebaev, the presidential envoy, and the company's management.
The project includes the completion of previously started construction of the plant and its commissioning. The total cost of the project is over 50 million dollars, and its implementation will create about 250 jobs.
According to the Ministry of Justice, Kasimov Bakhtiyar Imerovich is the head of OsOO "Yug Euro Cement," and the founders are the companies "PALWAN INSAAT TURIZM LOJISTIK SANAYI TICARET LIMITED SIRKETI" and OsOO "HYPER PARTNERS."
OsOO "Yug Euro Cement" was registered with the justice authorities of Kyrgyzstan on July 12, 1993, and underwent re-registration on January 25, 2024.
The main activity of the company is cement production.
The company "Hyper Partners" is an investor and partner in the construction of a business center with a hotel on the site of the "Naryn" restaurant and a mosque for 20,000 people in Bishkek.
The Turkish company "Palvan Insaat Turizm Lojistik Sanayi Ticaret Ltd. Sti.," founded on November 10, 2011, and located in Istanbul, is engaged in the wholesale trade of lumber, plywood, carpentry products, and wood panels.
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In August 2024, the Chairman of the Cabinet of Ministers Akylbek Japarov visited the construction site, as reported by the Cabinet of Ministers at that time. At that point, the project's completion was 60%, and the plant's launch was planned for 2025.
It is expected that the plant will be able to produce up to 1 million tons of cement per year, providing employment for 250-300 people.
