China invests USD70m to build cement plant in Kyrgyzstan


(MENAFN) China launched a new cement plant investment in northern Kyrgyzstan worth around USD70 million, believed to be largest in Kyrgyzstan on completion, Xinhua reported.

The plant will be located in Kemin, Chui province, about 13 kilometers east of the Kyrgyz capital, Bishkek, according to a business counselor with the Chinese Embassy in Kyrgyzstan.

The Chinese invested cement plant would add more jobs to Kemin along with bringing tax revenue of between USD10 million to USD15 million upon its completion.

Kyrgyzstan and China have been joining hands in building a number of infrastructure projects, such as China-Kyrgyzstan gas pipeline, a highway and a reconstruction of power station.


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