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Development bank finances crucial textile projects

01
Apr '08
The Development Bank of Kazakhstan, known for crediting medium and long-term investment projects in production, infrastructure and non-primary sector of the economy, held a meeting of its Board of Directors on March 28.

The policy of welfare of Kazakhstan's citizen as pointed out by the President of the country was approved during the meeting.

This policy largely includes development of the overall production of the economy's non-primary sectors.

The project on advanced processing of raw materials and production of competitive leather, fur products and footwear was also sanctioned during the meeting.

A total of US $40 million will be required to complete this project which will in turn ensure an efficient and speedy production of value-added goods.


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