Tajikistan's mining sector is becoming more and more attractive to investors

The Russian company Formula Sveta, known for its mining activities and production of power tools and equipment, has expressed interest in investing in the mining sector of Guliston, located in Sughd Province in northern Tajikistan. The meeting was attended by the Chairman of Sughd Region, Rajabboy Ahmadzada, and representatives of Formula Light and Orient Investment.

During the discussion, Chairman Ahmadzada emphasised the potential of the region and spoke about various investment opportunities, particularly in the mining industry. Sergey Isakov, representing Formula Light, and Lee Quang Dao, Chairman of Orient Investment, attended to explore these opportunities.

Formula Light management expressed particular interest in the revitalisation of the Adrasmon mining facility in Guliston. Their plans include the introduction of modern equipment and technological advances to bring the plant back into operation.

This interest comes at a time of significant growth in Tajikistan's mining sector. Over the past year, production in this sector has increased by more than 18 %. In the first four months of 2024, the mining and precious metals industry produced output worth TJS 4.3 billion ($398.6 million), up TJS 667 million ($61.7 million) from the same period last year.