Azerbaijan funds a hydropower plant and sewing factory in Kyrgyzstan, creating 300 jobs.

The Azerbaijan-Kyrgyzstan Development Fund (AKDF) approved funding for a 9 MW hydropower plant and a sewing factory in Kyrgyzstan, which will create 300 jobs. These decisions were made during the 4th AKDF Board meeting in Baku. The fund, established in 2023 with $25 million, saw its capital increase to $100 million after a 2024 state visit, reflecting growing economic ties between Azerbaijan and Kyrgyzstan.

2 months ago
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