Kyrgyzstan and Uzbekistan are set to embark on a significant joint venture to produce cars starting in 2024. This collaboration aims to manufacture 12 car models and is expected to boost the automotive industry in both countries.
Key Takeaways
- Launch Date: 2024
- Number of Car Models: 12
- Initial Production Capacity: 10,000 cars and commercial vehicles
- Job Creation: 500 jobs initially, increasing to 2,000
- Localization: 5-10% initially, increasing to 15-20%
Project Overview
The joint car production project between Kyrgyzstan and Uzbekistan will be carried out at the Altyn-Tulpar car assembly plant, which is currently being prepared for commissioning. The project is a collaboration with UzAvtoSanoat and is financed by the Uzbek-Kyrgyz Development Fund. The plant is expected to reach its designed capacity by next year.
Phases of Implementation
The project will be implemented in three stages:
- First Stage: Over the first three years, the production of 10,000 cars and commercial vehicles is planned. This phase will involve 500 employees and achieve a localization rate of 5-10%.
- Second Stage: The production capacity will be increased to 20,000 cars and commercial vehicles. The localization rate will rise to 15-20%, and the workforce will expand to 1,000 employees.
- Third Stage: The final phase will see the production volume increase to 30,000 cars and commercial vehicles, with the number of employees growing to 2,000.
Economic Impact
This joint venture is expected to have a significant economic impact on both Kyrgyzstan and Uzbekistan. The creation of jobs and the increase in production capacity will contribute to the economic growth of both countries. Additionally, the localization of production will help in developing the local automotive industry and reduce dependency on imports.
Future Prospects
The successful implementation of this project could pave the way for further collaborations between Kyrgyzstan and Uzbekistan in other sectors. It also sets a precedent for other countries in the region to explore similar joint ventures to boost their economies.
Conclusion
The joint car production project between Kyrgyzstan and Uzbekistan marks a significant step forward in the economic cooperation between the two countries. With the planned production of 12 car models and the creation of thousands of jobs, this venture promises to bring substantial benefits to both nations.