Translated with AI
On December 11, an investment agreement was signed in Dushanbe between the Government of the Republic of Tajikistan and the Tajik Metallurgical Plant Closed Joint-Stock Company on the construction and commissioning of an iron ore enrichment plant, according to the press service of the State Committee for Investments and State Property Management of the Republic of Tajikistan.
According to the agreement, the enterprise will be built using domestic investment and equipped with modern technologies for the purpose of extracting and processing iron ore and related minerals, as well as producing and exporting high-quality products.
The plant's construction is planned for two phases. The first phase is expected to be operational by 2027, and the second by 2031. The plant's design annual capacity will be 2.5 million tons of ore mined and processed, producing 1.1 million tons of concentrate.
It is noted that the enterprise will not only perform the function of import substitution, but will also be largely focused on the export of products.
Currently, 600 local and international specialists are involved in construction. Once the first phase of the project is operational, it is planned to create 1,200 jobs, and upon full completion, over 2,000 permanent jobs with competitive wages.
The signing of this investment agreement is considered an important step towards attracting foreign and domestic direct investment, as well as strengthening the production and industrial potential of the Republic of Tajikistan.
