United StatesKyrgyz President Sadyr Japarov has promoted Asman, a proposed $20 billion 'eco-city' near Lake Issyk-Kul, as a flagship project of national development. The project is spearheaded by RedStone Group, a Kyrgyz company owned by Chinese businessman Tu Yunfei. Corporate records reveal that Tu Yunfei previously co-owned Zet Systems, a Bishkek-based company, alongside Nizamidin Sabirov, the son of Ravshan Sabirov, head of Kyrgyzstan’s National Investment Agency. The National Investment Agency, which is involved in the project, did not respond to requests for comment. RedStone was already selected for the project in an August 2025 draft investment agreement, which outlined a $20 billion investment in exchange for 4,015 hectares of land for 49 years. Despite government announcements and international interest, the project saw little progress until its relaunch in November 2025. The government provided access to the draft agreement but not a signed version. RedStone’s current director, Tu Yunfei, took over the company after the draft agreement was finalized.
Bias read (Progressive): The article highlights potential conflicts of interest between private entities and government officials, suggesting a lack of transparency and accountability. It emphasizes the close ties between RedStone Group and high-level government figures, implying possible undue influence or corruption. The
