A capsule-laying ceremony was held on the shores of Issyk-Kul Lake in the Issyk-Kul Region, officially marking the start of construction of the Tamchy Special Financial Investment Territory (SFIT), a state-owned development project established under the special legislation of the Kyrgyz Republic.
The Tamchy SFIT is designed as a dedicated investment territory aimed at supporting international business activity through a structured institutional and legal framework. The project includes a dispute resolution center operating under principles of English law and offers residents access to a range of support services, including legal and financial assistance, visa facilitation, customs services, and property management.
Spanning a total area of approximately 5,965 hectares, the Tamchy SFIT integrates multiple functional clusters, including a financial and business hub, a logistics and service area, an international airport, and a tourism cluster located on the shores of Issyk-Kul Lake, covering up to 100 hectares. The territory is intended to operate as a one-stop investment ecosystem with a focus on finance, fintech, and innovation, supported by investment incentives established under applicable legislation.
Project Development Indicators
1. Phase I Implementation (2026–2027)
- Construction of facilities totaling 51,000 square meters, including logistics infrastructure, planned for completion by 2027
- Commissioning of the first office building with a total area of 3,850 square meters, scheduled for 2026
2. Long-Term Development Targets (by 2035)
- Total development area projected to reach 470,000 square meters
- Number of resident companies expected to exceed 3,900
3. Socio-Economic Impact (2026–2035)
- Creation of more than 10,000 jobs
- Annual tourist flow projected to exceed 92,000 visitors
- Expected contribution to the long-term economic development of the Kyrgyz Republic
“Promoting investment into the Kyrgyz Republic’s economy is a key priority of state policy. Today, we are establishing a straightforward and competitive institutional environment for international businesses,” said Adylbek Kasymaliev, Chair of the Cabinet of Ministers of the Kyrgyz Republic and Head of the President Office of the Kyrgyz Republic.
“The Tamchy SFIT offers investors long-term predictability, a modern legal framework, an independent dispute resolution mechanism, and a fully developed ecosystem where companies can operate and grow. Projects like this contribute to sustainable economic development and job creation while strengthening the Kyrgyz Republic’s position as an open and reliable investment destination,” Kasymaliev added.
The initial concept for the project was developed by the Kyrgyz Republic with support from international investment consulting firms, including Singapore-based Makara Capital. The framework draws on institutional practices observed in established international financial centers.
“International financial hubs have demonstrated the importance of strong institutions, predictable laws, and transparent business rules,” said Ali Ijaz Ahmad from Makara Capital. “The Tamchy Special Financial Investment Territory is being developed with these principles in mind while leveraging the Kyrgyz Republic’s strategic geographic location at the crossroads of Eurasian markets and the natural potential of Issyk-Kul.”
For more details, contact Ministry of Economy and Commerce of the Kyrgyz Republic:
720040, Bishkek, Abdumomunov St, 207
Telephone: +996 (312) 62-05-35 (ext. 240, 163, 266, 267)
Fax: +996 (312) 66-18-37
Website: https://mineconom.gov.kg/en
Media Contact
Ministry of Economy and Commerce of the Kyrgyz Republic
mail@mineconom.gov.kg
