On 20 September 2024, the Minister of Foreign Affairs of Turkmenistan Rashid Meredov held a meeting with the President of the Islamic Development Bank (IsDB) Muhammad Al-Jasser. During the talks, priority areas were discussed, as well as the possibility of building up a long-term partnership, the Ministry of Foreign Affairs of Turkmenistan reports. It was […]
TIF 2024: 18 agreements and MoUs inked on the sidelines of the Turkmen Investment Forum in Ashgabat
Eighteen agreements and Memorandums of Understanding (MoUs) were signed between Turkmen state-run, public-private enterprises and foreign companies during the dedicated signing ceremony on the second day of TIF 2024 in Ashgabat. The deals cover a wide range of sectors, including energy, textile production, chemical industry development, shipbuilding, railway equipment, environment, logistics. The agreement and MoUs […]
(UPDATED – Pictures and Text) Turkmenistan and Afghanistan launch the construction of a number of energy and transport infrastructure facilities
On 11 September 2024, a ceremony was held at the border of Turkmenistan and Afghanistan with the participation of delegations of the two countries to launch the construction of energy and transport infrastructure facilities. The ceremony was led by President of Turkmenistan Serdar Berdimuhamedov via videoconference. The groundbreaking ceremony at the Islim-Cheshme border checkpoint in […]
Turkmenistan improves its communication infrastructure to fight illicit trafficking
As the global economy becomes increasingly interconnected, opportunities for trade have spread around the world. Shipping lanes are the highways of international commerce. However, this presents opportunities not only for governments and legitimate businesses but also for transnational organized crime groups to transport anything from legal goods used for money laundering, to prohibited drugs and […]
Turkish construction companies implemented projects in Turkmenistan worth over $53 billion
Since 1972 to August 2024, the Turkish contracting sector has implemented 12,277 projects in 137 countries, the Anadolu agency reports, citing the Turkish Ministry of Commerce. At the same time, most of the projects were carried out in Russia. The cost of contract projects implemented in Russia has reached $102.3 billion. Turkmenistan is a close […]
Afghan minister visits Turkmenistan – TAPI board of directors meeting – Cooperation talks
The Acting Minister of Mines and Petroleum Products of Afghanistan Hussein Badri and his delegation are visiting Turkmenistan. A meeting of the board of directors of TAPI (Turkmenistan-Afghanistan-Pakistan-India gas pipeline project) was held in Ashgabat on 29 August 2024. The key aspects of the implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project and prospects for […]
Turkmenistan intends to increase gas exports eastward with the commissioning of a gas purification plant in Mary province
Turkmenistan is going to significantly boost its natural gas exports eastward with the construction of a new gas purification plant in Mary province. The facility, located at the Kelleli gas field, will process gas from three promising fields in the region: Sherepli, Kelleli, and Yylan. Its construction is carried out by the Specialized Management of […]
EDB Report: Infrastructure in Eurasia: short-term and medium-term trends
The Eurasian Development Bank’s (EDB) latest report titled Infrastructure in Eurasia: Short-Term and Medium-Term Trends highlights ten significant trends in the region’s energy, transportation, logistics, water supply and telecommunications sectors. Through meticulous monitoring, the EDB has identified ten important short- and medium-term investment and institutional trends affecting Eurasia’s infrastructure. These trends hold practical value and […]
(UPDATED) Japan and Turkmenistan Deepen Energy Ties with Cooperation MoUs, focused on decarbonization and deep gas processing
During a Tokyo visit, Turkmenistan’s Deputy Prime Minister and Foreign Minister Rashid Meredov met with Minister of Economy, Trade and Industry of Japan Takeshi Saito on 22 January 2024. The meeting focused on bolstering bilateral cooperation in the crucial areas of economics and energy. Discussions yielded two significant agreements: Intergovernmental Memorandum of Understanding (MoU) on […]
Korean Businesses Seek Opportunities in Turkmenistan’s Infrastructure Sector
On an official visit to Turkmenistan, S.Korean Minister of Foreign Affairs Park Jin met with the Deputy Prime Minister of Turkmenistan Baymyrat Annamammedov responsible for industrial and construction sector. According to foreign ministry of Korea, the meeting took place at the opening ceremony of the Daewoo Engineering Ashgabat branch on 31 October. During the meeting, […]
ADB Supports Turkmenistan’s Development with $632.6 Million in Loans, Grants, and Technical Assistance
To date, ADB has committed 13 public sector loans, grants, and technical assistance totaling $632.6 million to Turkmenistan, says Bank’s updated fact sheet. In 2022, ADB topped up its transaction technical assistance portfolio by $225,000 to help prepare bankable projects in Turkmenistan. ADB advanced significantly with the processing of proposed projects including Improving Nursing Quality […]
Turkmenistan’s Industrialization, Innovation, and Infrastructure Drive for Sustainable Development
Sustainable Development Goal 9 of the global development agenda for the period up to 2030 seeks to build resilient infrastructure, promote sustainable industrialization and foster innovation. Here a few facts and indicators from the commentary published by the newspaper “Neutral Turkmenistan”, demonstrating the country’s approach to achieving SDG 9: In Turkmenistan, industrial and innovative development, […]