‘Over 3,900 companies and more than 10,000 jobs’: what Kyrgyzstan can expect from the Tamchy SFIT project

The ‘Tamchy’ Special Financial and Investment Zone in Kyrgyzstan could attract more than 3,900 companies and create over 10,000 jobs by 2035. These preliminary estimates were announced by the authorities during a presentation of the project, which is seen as a long-term driver of economic growth and a new investment platform in the Issyk-Kul region.

The project envisages the development of the financial sector, banking, brokerage and digital services, as well as infrastructure for tourism and business activity. Furthermore, employment growth is expected in construction, logistics, services and related sectors, where businesses will support the emerging business ecosystem surrounding the zone.

“We have studied this project, analysed global best practices and carried out calculations regarding the development of the territory. As a result, the necessary legislative framework has been established and laws have been adopted defining the legal status, governance, registration, licensing and dispute resolution mechanisms,” noted President Sadyr Zhaparov.

He emphasised that a separate legal system is being established within the zone, with clear rules for investors and mechanisms to protect participants. According to him, this should ensure the long-term sustainability of the project and build trust among the business community: “We have created a fully-fledged legal framework that safeguards the interests of all participants and ensures predictability of operations within the territory.”

Separately, the Head of State outlined the expected economic impact. He said that “Tamchy” should become not merely a platform for company registration, but a fully-fledged investment ecosystem.

“We expect thousands of companies to operate here, new jobs to be created, and, alongside large businesses, construction, transport, service and tourism companies to follow,” he said in his speech.

The authorities expect the economic impact to stem not only from direct investment but also from the development of related sectors. These include the hospitality industry, catering, logistics and service companies, which will operate around the investment zone and boost business activity in the region.