The subsidiary of JSC "SPK Almaty" - LLP "Almaty Finance" - is allocating 500 million tenge for the reconstruction of the "Tigrohaud" goods market in the Auezov district of Almaty. The funds will allow LLP "Firma Tigrohaud" to complete the construction of a trading center that meets modern urban requirements, including parking, as reported by the business information center Kapital.kz, citing the press service of JSC "SPK Almaty".
The project is being financed under the regional entrepreneurship development program "Almaty Business - 2025", which aims to create conditions for organized trade. The loan interest rate will be 6% per annum (APR), with a financing term of 5 years. The loan is secured by a guarantee from JSC "Halyk Bank of Kazakhstan".
The total investment in the project will exceed 3 billion tenge. Construction is expected to be completed in April 2025. After the reconstruction, more than 4,400 square meters of commercial real estate will be put into operation.
“The transformation of the market is being carried out in accordance with the law on regulating trade activities in Kazakhstan. Currently, 41 markets have been modernized in Almaty, and another 9 are under reconstruction. After modernization, the number of jobs at the "Tigrohaud" market will increase from 100 to 160, and comfortable conditions will be created for both sellers and buyers in the trading center,” noted the Deputy Chairman of the Board of LLP "Almaty Finance," Zhuldiz Igenov.
It is worth noting that it was previously reported that 2.4 billion tenge would be invested in the modernization of the market. The completion of the work was planned for October 2025.