Invest in Tajikistan


Since gaining independence, Tajikistan conducts active policy aimed at economic growth, through its integration to world economy.

Political and investment climate, adopted legal and regulatory documents promote the solution of many priority tasks related to growth and modernization of the economy, attraction of investments and private sector development.

Developing economy of Tajikistan is connected to the global economy by many threads and along with all others Tajikistan suffers from the consequences of the global financial and economic crisis.

The government of the country makes all efforts to support banking, manufacturing and other sectors.

The Republic of Tajikistan as a full member of the world community makes great effort to be mostly integrated into the world economy. This resulted into the economic reforms conducted during recent years, which marked the achievement of significant progress in improvement of the business and investment environment. Also, the process of invitational reforms is being actively implemented. The relay infrastructure of market economy is being shaped, and state administration authorities are being reformed.

Priority investment sectors

There is a number of promising sectors for investment: energy, mining and chemical industry, light industry, transport infrastructure, communications, tourism infrastructure and tourism services, banking and insurance, storage and processing of agricultural trade.

Energy sector

Tajikistan is on one of the first places in the world in possession of unique hydropower resources. Consequently, development of hydropower sector of economics is a basis line of the national development strategy.

The largest hydropower stations of Tajikistan are: Nurek HPS with the capacity of 3000 megawatts. Baipaza HPS with capacity of 600 megawatts.

Sangtudah-1, 670 MW and Sangtudah-2, 220 MW capacities.

Vakhsh Cascade HPSs with 285 MW total capacity are constructed and successfully work on Vakhsh river.

Varzob Cascade with total capacity of 27 MW on Varzob river.

Kairokrum HPS with capacity 126 MW on Sirdaryo river.

Also, to supply electric power to inaccessible mountain regions, 35 small HPSs with the capacity 100 KWt up to 4500 KWt and 270 micro HPSs with the capacity from 20 to 100 KWt were constructed.

In the period of independence, Republic of Tajikistan implements wide program on construction of hydropower objects of paramount strategic importance for economy of the country.

Total number of HPS’s: 229

Potential reserves

Recently, projects on rehabilitation and modernization of Golovnoy HPS (240 MWt) and Kairakum HPS (126 MWt) have been developed by the financial support of ADB and EBRD. The government of the Republic of Tajikistan has signed the Grant Agreement with ADB on allocation of grant 136 mln. USD for rehabilitation of Golovnoy HPS. The issue of financing of rehabilitation and modernization project of Kayrakum HPS is also being resolved at the level of the Government of the Republic of Tajikistan and EBRD.   Development of the feasibility study of Nurek HPP rehabilitation and modernization project is being financed by World Bank.

The program of development of fuel and energy complex of the Republic of Tajikistan designed for the period of 2006- 2015 foresees the continuation of implementation of projects on modernization and rehabilitation of the basic energy system facilities and construction of new power stations and infrastructure in electric power sector.

 At the same time a project on modernization of hydropower facilities foresees the increase of capacity of installed aggregates up to 10%.

In the frame of CASA 1000 project the government of Tajikistan in cooperation with the governments of Kirgizstan, Islamic Republic of Afghanistan and Pakistan plans to construct the Transmission Electric Line with capacity 500 kWt which will allow to transmit electric energy to Afghanistan and Pakistan from Tajikistan and Kirgizstan. According to feasibility study the project costs more than one billion USD.

Minerals and mining

Natural resources of Tajikistan are very diverse. Rich deposits of multi-chemical are rare and precious metals of an export potential such as zinc, bismuth, molybdenum, tungsten, copper, gold, silver, antimony, mercury, flour-spars, tin, uranium, iron, manganese, table salt, magnesium and others have been revealed in the territory of Tajikistan. The reserve of deposits of silver contains about 60,000 tons. The second largest silver mine in the world «Koni Mansur» is in Tajikistan. It reserves over 56 000 tons of silver.

About 28 known gold deposits with total reserves over 400 tons are in Tajikistan.

Above that, 36 known deposits of with prospective reserve of 4 billion tons are in Tajikistan. A new large “Maikhura” antimony deposit was excavated in 95 km from Dushanbe. But besides the coal mine of Yagnob located in Soghd region, they are not excavated yet.

Despite the fact that many deposits are close to the surface, they are located in the mountainous regions and due to severe climate conditions and undeveloped infrastructure, are difficult to be developed.


TALCO- National Heritage of Tajikistan

TALCO is one of the largest in CIS area and the only in Central Asia aluminium plant. The design capacity of the plant is 517 thousand tons of aluminium per year with output of 360 thousand tons of baked anodes. The company has 12 blocks of electrolysis shop, 2 foundry branches, and production of baked anodes as part of 3 shops, support shops and subdivisions of the plant. Aluminium Company is the largest consumer of domestic electricity supplied by OSHC "Barki Tojik".

Confirmation that output product of TALCO complies with the world standards are high international awards received by the company in 2008: "Best Enterprises of Europe", awarded by the Committee of European Business Assembly (EBA, Oxford, Great Britain) and "European Quality". This prestigious award is recognized by the companies which products accord with high quality figures and competitiveness of granting of the right to set up relevant symbols on business documentation and product label.


There are significant resources of industrial reserves of coal of various quantities in the depth of Tajikistan: from coal mining “Shurab” up to unique top clean anthracite of Nazar Ayloq. Development of coal industry begins from the last century. Nowadays more than 36 deposit mines are excavated and studied in Tajikistan.

Effective state support and attraction of investment funds allows enterprises to increase the level of production. For example, the production of coal in 2013 made 518 thousand tons, which is 209 thousand tons more than in compare with 1991.

Today 18 various industrial enterprises on coal production work on 14 deposit mines in Tajikistan. The proximate reserve of this natural resource in the country is estimated at more than 4.3 billion tons.

One of the most active companies in coal industry is UE «Fon Yagnob mine» with annual production of 295 thousand tons.

Only the “Fon Yagnob” mine in Tajikistan contains more than 1 billion tons of coal. Among non-metallic mineral the most perspective is the “Kshut Zauran” and “Fon Yagnob” coal deposits. This coal coil is appropriate for production of fluid and gas fuel (approximate 120-130 USD per ton). The reserve of the coal is sufficient for 200 years.


Tajikistan occupies the third place on antimony reserves (after China and Thailand) in Asia and the first place among the Commonwealth of Independent States countries. “Skalni” is the largest deposit of antimony (more than 50% out of all CIS reserves). This deposit contains reserves of raw materials sufficient for 45 years, with a capacity of 800 tons of ore per year.

In Soghd region there are 214 deposits of other minerals besides antimony and mercury, such as: lead and zinc (16 deposits), copper and bismuth (3), molybdenum and tungsten (1), strontium (2), iron (3), gold (15) silver (7), sternum (1), coal (11), oil and gas (11), fluorite (5), rock salts (1) and etc. “Uchkado” deposit is unique in containing gold, silver, lead, zinc and antimony. According to preliminary calculations, the cost of hidden metal and ore there exceeds 10 billion dollars. There is no such a deposit anywhere else in the world.

“Maikhura” tungsten deposit discovered in the central Tajikistan in 95 km from Dushanbe is suitable for establishment of a profitable business with a capacity up to 150 tons of ore per year. 4 strontium deposits are explored in Khatlon region. The ultimate reserves of ore containing strontium in “Chaltash”, “Daudir” and “Chilkutan” allow to establish a major mining enterprise with annual production of 180 thousand tons of ore. The massive lead-zinc exposures were identified in this region. The forecast for ultimate reserves of the largest of them - “Baljuvon”- is 1.2 million tons of lead and 1.2 million tons of zinc. The large reserve of raw materials for production of cement containing approximately 200 million tons are explored in Shahrituz and Qubodiyon districts. Also gas fields were explored and are under development in Baljuvon and Rumi districts of Khatlon region.

Oil and gas reserves have been known in Tajikistan since the Soviet period. By that time, it was determined that there are more than 113 million tons of oil and 863 billion cubic meters of gas in entrails of the earth. The main reserves of rock salts are concentrated in the south of republic. The reserves of “Khoja-Mumin”, “Khoja-Sartez” and “Tanobchi and Samanchi” deposits are calculated billions of tons. Gorno Badakhshan is the severe and mountainous region with hard natural conditions, but here the deposits of gold, silver, copper, tungsten, mica, and precious stones were discovered as well. A single in Tajikistan boric raw material deposit “Ak-arkhar” was explored in the area.


Agriculture is the 2nd after services largest sector of Tajikistan economy, it provides more than 70% of job places, 25% of income from export and 35% of tax yield. Cotton is the main agricultural exportable product which share is 90% of the overall volume of agricultural products export. Other exportable agricultural products are raw and possessed fruit and vegetables (approximately 9% of exportable agricultural value.

Tajikistan has excellent climatic conditions for growing many types of crops. However, the mountainous topography of Tajikistan limits opportunities for agricultural production. Only 30% of the territory of Tajikistan, about 4.1 million hectares can be used for agricultural production. The basic agricultural areas are located at altitudes between 300 and 1500 m. Water resources are presented in sufficient quantities, and about 85% of all the arable lands (720,000 hectares) are located within the irrigation system. River systems feed about two thirds of irrigated land, and the rest is covered by pumping systems

Cotton Subsector

Cotton remains one of the most important crops, occupying one third of arable land and making two thirds of crop production value and 75-90% of export. Agricultural ecological conditions including 10 months of sunny days and abundant water resources are favourable for cotton production. Due to insufficient investment funds cotton crop capacity in Tajikistan is 1.8 tons per hectare while during Soviet period it was 2.8 tons per hectare. There are 41 ginneries in Tajikistan that have the total processing power of 1.1 million tons.

Textile and clothing sector

The textiles and clothing industry, with the exception of cotton production, accounts for approximately 9% of the total volume of industrial production and provides about 12,600 job places.


61 cotton cleaning enterprises produce more than 100,000 tons of high quality cotton fibre, which is the basis of the export of textile industry of Tajikistan. Out of this cotton fibre 12,000 tons per year are processed by textile enterprises inside the country. The sewing sector produces a wide range of products, including uniforms, overalls, shirts, jeans trousers, etc. About half of these companies produce finished products, which include embroidery, stuffing, etc.

Sector capacity

Tajikistan has a number of characteristics that allows achieving growth and development in textile and garmenting industries in the future. The country launched its own production of raw cotton, which is the basis for the development of the textile and clothing industry. The industry can also benefit from the strategically important location of Tajikistan between Europe and Asia, as well as proximity to other producers of raw materials and potential markets. Over the last few years the demand for clothes in the markets of Eastern Europe grew from 8% to 21%, which significantly exceed the growth of demand in the rest of the world.

The newly established company engaged in full cycle of processing of cotton fibre into the final product (from cotton yarn to cotton garments) are exempt from tax on profit of legal entities (tax rate is 15%), the minimum tax on business income (tax rate is 1%), property tax and land tax.

Sector of fruit and vegetable processing

Ecologically pure Tajik fruit are highly appreciated not only in the region but far beyond. Due to the unique bioclimatic conditions apricots, peaches, grapes, apples, pears, persimmon, pomegranates and citrus fruits are grown and processed in Tajikistan. The volume of export of agricultural products, fruit and vegetables occupies the second place after cotton. There are also number of enterprises engaged in drying up vegetables and fruit in Tajikistan. Dried fruit is easily transported, stored and sold at a higher price. Over the past years, the industry is showing steady growth rate, mainly due to the export of products.

Tajikistan used to be the main fruit and vegetables producer in the former Soviet Union. More than half of the total area allocated under production of fruit is located in Sughd region, following by Khatlon region and Districts of Republican Subordination. Fruit such as apples, apricots, cherries, peaches and walnuts, pistachios and almonds are in high demand. Some subtropical fruit including lemons, pomegranates and figs is grown here.


Tajikistan is a country of high mountains. Its original nature is full of striking contrasts. Complex and dissected landscape, vertical zones of climate and other geographical and climatic factors contribute to the rich and unique flora of more than four thousand species of flowering plants and more than 200 mellifluous species.

Mountains cover about 93 % of the territory, and despite this, the area of farmland and forests is 4.4 million hectares, the honey supply estimated at 132 thousand tons as a minimum, which allows increasing the number of bee colonies to 480-500 thousand. However, the current level of honey stock use is not more than 6-10%.

Bee-farming has the great potential for development in Tajikistan. Until the recent past, the number of bee-families was 150-160 thousand. There are huge fodder supplies in Tajikistan for the development of this sector. Mellifluous agriculture lands make up around 5 million hectares, which enables to bring up the production of honey to 30-40 thousand tons.

Livestock farming

Tajikistan has the great potential for cultivating competitive products in livestock farming sector and supplying products to home market. The analysis of livestock production indicates that the total number of farm animals and poultry is annually increasing on an average of 8-10 percent.

The share of individual farms in the production of all livestock products, except eggs and poultry meat products has been steadily growing in the past few years and is exceeding 85-90%. Meanwhile, land resources are utilized more effectively in subsidiary farms of population. The gross livestock products produced per 1 hectare of agricultural land in private households 8-9 times exceed production of agricultural or peasant farms.

Fish breeding

There are 1300 natural water basins in the Republic of Tajikistan with a total volume of 705 km2, 8 large water reservoirs with a total volume of 556, 31 km2, 6 large rivers (5555 km2), and 5 large glaciers (414 km2). Tajikistan today utilizes only 20% of its available water capacity. Currently, the demand for fishery products in the country is 14 tons. In the future Tajikistan, due to its water resources, has the potential to increase fish production to 50 tons.


Tajikistan does not have direct access to the sea ports. There - fore, roads and rail systems in Tajikistan are the key to economic development. More than 90% of passenger traffic and 70% of freight traffic accounts for road transport.

Automobile road network of Tajikistan inherited after the collapse of the Soviet Union needed major repair and reconstruction. However, recently the overall situation is improving due to in - creased funding to the maintenance and repair of roads. This al - lowed increasing volume of traffic on average by 6.7% annually. The length of railways is 860 km. Air freight are carried out by both local and international airlines. Tajikistan has three international airports in Dushanbe, Khujand and Kulob.

Existing transport infrastructure initially was focused on Russia and Eastern Europe. Relations are developing with China and South Asia, which promotes the expansion of trade.

The long-term aims of transport strategy of Tajikistan outlined in its National Development Strategy. Tajikistan is the member of Trans-Asian Railway (TAR) agreement linking the railway systems of 28 countries in Asia and Europe, acting from June 11, 2009. The purpose of this agreement is to develop the cargo and passengers’ transportation in the area of Central Asia and Europe. Besides it is planned to develop railway and road system access to this bridge. The connection of road system to the bridge will reduce the distance between Dushanbe and sea port almost on half and will promote increasing of trade and development in all regions.