China has overtaken Russia on investments in Tajikistan

Almaty. August 3. Silkroadnews – China has outrun Russia in terms of investments in Tajikistan, the Russian business magazine Invest Foresight reported.
The total volume of foreign investors’ direct investment into the country’s economy reached $131.5 million for the first quarter of 2017, the report quoted Fayziddin Qahhorzoda, head of the State Committee on Investments and State Property Management of the Republic of Tajikistan, saying. Having invested $76.6 million into economy of Tajikistan, the People’s Republic of China, staying at the top of the foreign investors lists followed by Russia ($20.5 million) and the Netherlands ($10 million).
It is noted that the economy of Tajikistan also received investment capital from businessmen from the US, the Philippines, Saudi Arabia, England and other countries.
Among the sectors of the major interest to investors there are mining industry, transport industry, communications, processing industry, agriculture, education, finance and construction.
According to publication, in the first quarter of the year the Tajik authorities approved two investment projects: development of the gold ore deposit, Pakkut LLC, and construction of an enterprise to produce explosives in Dangara, KM Muosir LLC, ($180 million and $20 million, respectively).