Baku: The Azerbaijan-Kyrgyz Development Fund has allocated 14.4 million US dollars in funding for four investment projects with a total value of 52.7 million US dollars, the Ministry of Economy informed APA-Economics.

According to Azeri-Press News Agency, the projects include the 9 MW “Tyup HES” small hydroelectric power station, the “Tanar Group” multifunctional center within the social housing complex, the “KG Tex” sewing factory designed to create 300 jobs, and the “Orion Grand” carpet manufacturing plant.

It was noted that the authorized capital of the Fund is planned to be increased to 100 million US dollars.