At the VII Kyrgyz-Russian Economic Forum in Bishkek, an ambitious project was presented to create Kyrgyzstan’s first national automobile, the Muras. The initiative was launched by the investment fund Central Asia Capital, with Russian automotive giant AO AvtoVAZ serving as the key technology partner, according to Akchabar.kg.
The project is overseen by Anton Sobin, chairman of the board of directors of Central Asia Capital. He stated that the goal is to achieve full production localization in Kyrgyzstan within ten years. The project is designed to run until 2035 and is divided into three phases:
- 2026–2030: Knock-down assembly, with annual production of up to 1,500 vehicles.
- 2031–2035: Mid-level assembly, expansion of the model range, and output of up to 5,000 vehicles per year.
- After 2035: Full production cycle, with annual output exceeding 7,000 vehicles.
The Central Asia Capital fund will invest over $30 million in the project. Additional financing is expected through bond issuance, supported by the brokerage company Banca.
The plant plans to assemble models including the Granta, Vesta, Largus, Niva, and Iskra, as well as commercial and specialized vehicles. The base price of the car is set at $10,400. With support from the Russian government, this price could be reduced to $9,100 during the first three years.
Guaranteed demand will be provided by companies within the fund’s ecosystem: 1,500 vehicles per year will be supplied to the taxi.express fleet and offered through leasing.express.
The project is expected to make a significant contribution to Kyrgyzstan’s economy:
- Contribution to GDP — up to 1% by 2035;
- Creation of up to 12,000 jobs;
- Annual tax revenues exceeding 500 million soms;
- Reduction in the import of used vehicles.
On the Kyrgyz side, First Deputy Prime Minister Danyar Amanbaev is overseeing the project. He confirmed that the government is ready to provide tax incentives, allocate a land plot for the plant, and offer preferential leasing terms for national vehicles. The Russian side is represented by Deputy Minister of Industry and Trade Roman Chekushov.
Exports are planned to begin by 2031, with up to 3,000 vehicles per year targeted for markets in Central Asia and the Balkans. The Muras project is seen as a major step toward building Kyrgyzstan’s industrial capacity and technological sovereignty.
CentralasianLIGHT.org
August 20, 2025