A subsidiary of JSC SEC Almaty, Almaty Finance LLP, allocated 500 million tenge for the reconstruction of the Tigrohaud clothing market in the Auezovsky district of Almaty. With the funds received, Firm Tigrohaud LLP will complete the construction of a shopping center with parking that meets modern urban requirements.
The project is funded within the framework of the regional entrepreneurship development program "Almaty Business - 2025", which provides for the creation of conditions for conducting orderly trade. The interest rate on the loan will be 6% per annum (AERR), the financing period is 5 years. The loan is issued under the guarantee of Halyk Bank of Kazakhstan JSC.
The total amount of investments in the project will exceed 3 billion tenge. The construction is scheduled to be completed in April 2025. In total, more than 4,400 square meters of commercial real estate will be put into operation after the reconstruction.
«The transformation of the market is carried out in accordance with the Law on the regulation of trading activities of the Republic of Kazakhstan. Currently, 41 markets have been modernized in Almaty, and 9 more are in the process of reconstruction. After the modernization, the number of jobs in the Tigrohood market will increase from 100 to 160, and comfortable conditions will be created for sellers and buyers in the shopping center», - said Zhuldyz Igenov, Deputy Chairman of the Board of Almaty Finance LLP.