Thursday, April 26, 2012 -
Japanese motor vehicles corporation Toyota opened a representative office in Kyrgyzstan on Thursday.
“I am glad that the representation of such a famous company opened in Kyrgyzstan,” the Kabar.kg news agency reported Kyrgyz President Almazbek Atambayev said.
“I hope this is just the first step in the future in Kyrgyzstan, in that not only will a sales office be opened, but also a venture to assemble vehicles. To do this, we have all the conditions, including human resources.”
Atambayev emphasized the stability and governance of the Central Asian state in his remarks addressed to Toyota’s head of its European division.
“I am grateful that you believe in Kyrgyzstan. We are building a democratic, attractive country for investment,” he said.
Kyrgyzstan is attempting to attract more foreign direct investment (FDI) as it rebuilds its economy following two unstable years which saw the deposing of an allegedly corrupt president, violence in the ethnically mixed south, and the introduction of a new political system.
Kyrgyzstan’s new ambassador to Japan, Rysbek Moldogaziev, vowed in December to bring more Japanese investment to the fragile Central Asian state.