The European Bank for Reconstruction and Development (EBRD) plans to develop a new five-year strategy for Turkmenistan, which will pay special attention to the development of the country’s export potential. This was stated by Eric Livni, Head of the EBRD Representative Office in Turkmenistan, in an interview with the Neutral Turkmenistan newspaper. The EBRD, being […]
Turkmenistan Showcases Investment Potential at Global Forum in Abu Dhabi
The Global Forum on Commercial, Investment, and Business Opportunities in Turkmenistan 2024 was held on November 7-8, 2024, in Abu Dhabi, UAE. Organized by the Chamber of Commerce and Industry of Turkmenistan and Nielsonsmith, this influential event gathered delegates from international companies, government bodies, and diverse industry sectors. The forum fostered partnerships in investment and […]
CIET 2024: More than 1,500 private companies in Turkmenistan are engaged in industrial and chemical production
The Union of Industrialists and Entrepreneurs of Turkmenistan (UIET), established in 2008, has become a significant force in the country’s economic development. This was highlighted by UIET Board Member Tachmyrat Gurdov at the international conference CIET 2024. With a membership exceeding 29,000 private entrepreneurs and enterprises, the UIET represents a diverse range of industries. The […]
CIET 2024: Turkmenistan strengthens cooperation with international financial institutions to implement major state projects
Chairman of the Board of the State Bank for Foreign Economic Affairs of Turkmenistan Rahimberdi Jepbarov, speaking at the international construction and industrial conference “Construction, Industry, Energy of Turkmenistan” (CIET 2024) in Ashgabat, presented an overview of cooperation with international financial institutions and cited some indicators of the development of the country’s construction and industrial […]
The President of the Islamic Development Bank held a series of talks in Ashgabat to discuss prospects for investment cooperation
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 […]
Uzbekistan: a growing hub for Western and Chinese investments
Bukhara, one of Central Asia’s oldest cities, has long stood as a historical waypoint on the Great Silk Road, where caravans laden with goods moved between East and West. Today, this city is witnessing a new chapter in its storied past—one defined by industrial advancement and economic transformation. Not far from the ancient bazaars of […]
Turkic Investment Fund
nCa Report The Organization of Turkic States (OTS) established the Turkic Investment Fund during the extraordinary summit of the Organisation of Turkic States on 16 March 2023 in Ankara. The founding countries were Azerbaijan, Kazakhstan, Kyrgyzstan, Uzbekistan and Turkey. Baghdad Amreyev, who had completed his tenure as the Secretary General of the OTS, was appointed […]
Interview – Ji Kyu-Taek, Ambassador of Korea in Turkmenistan
Here is the transcript of an interview with the ambassador of Korea in Turkmenistan, Ji Kyu-Taek. nCa – Could you please sum up the results of the visit of President Yoon Suk Yeol of Korea to Turkmenistan in June 2024? JKT – His Excellency Yoon Suk Yeol, President of the Republic of Korea(RoK) and His […]
Abu Dhabi’s Gulf Capital, Kazakhstan’s QIC set up $800mln investments fund for Central Asia
Abu Dhabi private equity firm Gulf Capital and a subsidiary of Kazakhstan’s sovereign wealth fund have established an $800 million fund to drive investments in Central Asia. The partnership between the Qazaqstan Investment Corporation (QIC) and Gulf Capital will include the expansion of the UAE firm’s portfolio companies in Kazakhstan, with the support of the […]
Investments of Turkmenistan in Afghanistan exceed USD 1.5 Billion
The deputy prime minister and foreign minister of Turkmenistan, Rashid Meredov, conducted recently a briefing for the diplomats and media. Among the subjects he covered was the launch of the work on the infrastructure projects in Afghanistan including the first section of TAPI. According to the reports from a number of the Afghan media outlets, […]
Kazakh-German summit talks in Astana – Kazakhstan and Germany are implementing investment projects worth $55 billion
On 16 September 2024, President of Kazakhstan Kassym-Jomart Tokayev and Federal Chancellor of Germany Olaf Scholz had summit talks in Astana. Tokayev called Scholz’s visit historic, as it is the first visit of the head of the German Government to Kazakhstan in the last 14 years. As Tokayev noted, Germany is one of Kazakhstan’s main […]
The German Chancellor and the President of Uzbekistan met in Samarkand – a package of documents signed – Germany and Uzbekistan are working on projects worth 9 billion Euros
On Sunday, 15 September, the Federal Chancellor of Germany Olaf Scholz started his visit to Central Asia. The first stop was Samarkand in Uzbekistan, where he had summit talks with the President Shavkat Mirziyoyev in narrow and expanded formats. A year ago, a meeting in Germany led to intensified contacts at all levels. Trade turnover […]
TIF 2024: ADB Commits $625 Million to Turkmenistan’s Development
The Asian Development Bank (ADB) has pledged $625 million in investment projects in Turkmenistan, with one project completed and another ongoing. Additionally, the Bank is providing $11 million in technical assistance to strengthen institutions and capacity building, as announced by ADB’s Country Director for Turkmenistan, Artur Andrysiak, during his online presentation at TIF2024 in Ashgabat. […]
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 […]
Speech by President Serdar Berdimuhamedov at the Investment Forum of Turkmenistan, the international conference on attracting high technologies and innovations to the national economy and specialized exhibitions (via videoconference)
Dear compatriots! Dear participants of the international forum! I heartily congratulate you on the start of the work of the Investment Forum of Turkmenistan and the international conference on attracting high technologies and innovations to the national economy, as well as specialized inspections that are taking place in white marble Ashgabat on the eve of […]
TIF 2024: The private sector is the key to Turkmenistan’s prosperity
The second session of the Turkmenistan Investment Forum (TIF 2024), held in Ashgabat on September 10, focused on the pivotal role of public-private partnerships (PPPs) in driving economic growth. Nokerguly Atagulyev, Chairman of the Union of Industrialists and Entrepreneurs of Turkmenistan (UIET), outlined the country’s thriving entrepreneurial landscape and highlighted key PPP projects. Here are […]
With annual exports of more than USD 3.332 trillion, China is global locomotive of supply chains
nCa Report The global annual exports of China have recently exceeded 23.77 trillion yuan (nearly USD 3.332 trillion). The rise is not only in the sheer volume but also in the diversification of the products and destinations. In several ways, the Chinese products have helped the consumers to balance their budgets. China is also the […]
Central Asia-Japan Joint business forum held in Astana – Turkmenistan and Japan inked a package of deals
On 9 August 2024, a business forum of the Central Asia + Japan Dialogue was held in Astana. The event was organized by the Ministry of Economy, Trade and Industry of Japan, the Japanese Association for Trade with Russia and NIS (ROTOBO), the Ministry of Foreign Affairs of the Republic of Kazakhstan, Kazakh Invest, the […]
Uzbekistan and Kazakhstan held summit talks in Astana – A Program of strategic partnership and alliance for the next 10 years adopted
On 8 August 2024, high-level talks were held in Astana between President Kassym-Jomart Tokayev of Kazakhstan and President Shavkat Mirziyoyev of Uzbekistan. As a result of the talks, a Program of strategic partnership and alliance for the next 10 years was adopted, the key objectives of which are to further strengthen friendly ties and encouraging […]
Ready4Trade and Central Asia Invest Projects Conclude, Paving the Way for Increased Trade and Investment in Central Asia
On June 26, 2024, Almaty hosted the final meeting for the EU-funded Ready4Trade (ITC) and OECD-led Central Asia Invest projects, marking the culmination of years-long efforts to streamline trade procedures, boost investment, and solidify economic cooperation within Central Asia. The event brought together deputy heads from government agencies across Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. […]
Uzbekistan, Korea Forge $9.6 Billion worth package of investment deals, Launch a new model of high-tech and innovative cooperation
Following a summit in Tashkent on June 14, 2024, President Yoon Suk Yeol of Korea and President Shavkat Mirziyoyev of Uzbekistan signed a series of agreements ushering in a “New Era of High-Tech and Innovative Cooperation” between the two nations. These agreements span vital sectors including critical minerals, rail transportation, agriculture, finance, and pharmaceuticals. “A […]
Turkmenistan, S. Korea Eye Deeper Economic Partnership – S. Korean Firms Secured $5 Billion in Turkmenistan Projects over last decade
President of Korea Yoon Suk Yeol said that South Korea’s industrial know-how and technology, if combined with Turkmenistan’s abundant resources, can create economic synergy between the two countries particularly in sectors such as energy and resource development. The remarks were made at the joint Turkmen-Korean business forum in Ashgabat, which brought together 250 government and […]
Speech by the National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov at the Turkmen-Korean Business Forum
Dear President of the Republic of Korea, Mr. Yoon Suk Yeol! Dear guests! Dear Forum members! Today we are hosting the Turkmen-Korean Business Forum, and I take this opportunity to express my gratitude to the President of the Republic of Korea, Mr. Yoon Suk Yeol, for participating in it and for paying special attention to […]
Turkmen-Korean business Forum held in Ashgabat
On 11 June 2024, a Turkmen-Korean business Forum was held in Ashgabat with the participation of the National Leader of the Turkmen people, Chairman of the Halk Maslahaty Gurbanguly Berdimuhamedov and President of the Republic of Korea Yoon Suk Yeol. More than 200 representatives of the public and private sectors took part in the forum. […]
24,000 companies with Russian capital operate in Central Asian countries
At the Innoprom Central Asia exhibition in Tashkent, Russia’s Deputy Prime Minister, minister for industry and trade Denis Manturov emphasized the growing economic ties between Russia and Central Asia. He revealed that over 24,000 companies with Russian capital operate in the region, with combined investments exceeding $38 billion. According to the government representative, Russia retains […]
European Bank for Reconstruction and Development Ready to Bolster Turkmenistan’s Economic Diversification
Turkmenistan’s Foreign Minister Rashid Meredov met with the European Bank for Reconstruction and Development (EBRD) Vice President Mark Bowman on 14 March 2024. Discussions centered on strengthening Turkmenistan’s investment climate through collaboration. They explored international cooperation opportunities and implementing new joint projects using cutting-edge technologies. The focus areas aligned with the EBRD’s Country Strategy for […]
Brussels to host Investors Forum for EU-Central Asia Transport Connectivity
Brussels will host Investors Forum for EU-Central Asia Transport Connectivity on 29-30 January 2024, European Commission reports. The Global Gateway Transport Investors Forum takes forward the conclusions of the EU-commissioned Study on Sustainable Transport Corridors between the EU and Central Asia, and aims to translate the political commitments of the EU and the five countries […]
Paris to host International Forum to Attract Foreign Investments in Turkmenistan’s Energy Sector
The International Forum to Attract Foreign Investments in Turkmenistan’s Energy Sector will be held in Paris on 24-25 April 2024. The Forum’s principal organizers are the State Concerns “Turkmennebit” and “Turkmengas”, and the State Corporation “Turkmengeology” in partnership with Turkmen Forum and UK-based GaffneyCline. The purpose of this event is to expand the opportunities for […]
Russia Eyes Deeper Investment Ties with Turkmenistan
Russia is interested in developing cooperation with Turkmenistan and is ready to implement joint projects, supply various products, and expand areas of investment cooperation. This was stated by Dmitry Volvach, Deputy Minister of Economic Development of Russia, during the 9th meeting of the High-level Group on Trade and Investment Support within the framework of the […]
EDB: mutual direct investments among Central Asian countries grow at 9.2% per year on average over the past seven years
The volume of foreign direct investment (FDI) in Central Asia is estimated at US$ 1.1 billion by the end of the H1 2023, marking a 1.8-fold increase from 2016. This is stated in the report of the Eurasian Development Bank “EDB Monitoring of Mutual Investments 2023”. EDB analysts note that by mid-2023, the volume of FDI […]
China is among Top 5 Investors in Kazakhstan
China is now one of the top five investors in Kazakhstan, with cumulative investments of US$24 billion over the past 18 years. This was announced by Kazakh Prime Minister Alikhan Smailov at a meeting with Chinese Premier Li Qiang in Shanghai on 4 November 2023. Smailov said that Chinese investment in Kazakhstan increased by 30% […]
OGT 2023: ADB’s engagement in the energy sector of Turkmenistan
Highlights: ADB will continue to keep strong focus on energy sector in Turkmenistan ADB stands ready to help Turkmenistan in elaborating the Strategy for Long-term Carbon Neutrality The Bank is also working on preparing a Roadmap for the low-carbon transition in Turkmenistan in power sector. ADB is ready to support Turkmenistan’s efforts to reduce greenhouse […]
EBRD Supports 22 Projects in Turkmenistan
The European Bank for Reconstruction and Development (EBRD) currently has 22 active portfolio projects in Turkmenistan, with a total value of €28 million. Industry, agrobusiness and commerce make up 95% or €27 million of the current portfolio, while financial institutions’ share is 5 %. As of 31 July 2023, the EBRD has invested in 87 […]
Визит делегации движения “Талибан” по содействию торговле и инвестициям в Казахстан
Лидеры бизнеса из Казахстана и Афганистана встретились в Астане 2 августа 2023 года, чтобы обсудить торговые и инвестиционные возможности. Делегацию движения “Талибан” возглавляет Азизи Нуриддин, министр торговли и промышленности Афганистана. Афганистан является крупным импортером казахстанской муки и растительного масла, и объем взаимной торговли между двумя странами составляет около 1 миллиарда долларов. Правительство Казахстана заинтересовано в […]
Taliban delegation on trade and investments promotion visit to Kazakhstan
The business leaders from Kazakhstan and Afghanistan met in Astana on 2 August 2023 to discuss trade and investment opportunities. The Taliban delegation is led by Azizi Nuriddin, Minister of Commerce and Industry of Afghanistan. Afghanistan is a major importer of Kazakh flour and vegetable oil, and the two countries have a mutual trade volume […]
EBRD investments in Uzbekistan reached USD 900 million in 2022
“In 2022 the European Bank for Reconstruction and Development (EBRD) invested almost US$ 900 million (€839 million) in 26 projects in Uzbekistan, making it the leading recipient of its funding in Central Asia for the third year running. Investments were made in sectors ranging from renewable energy to banking,” says a presser by EBRD issued […]
GB in Turkey to drum up support for investments, TAPI
Ashgabat, 7 August 2015 (nCa) — President Berdymuhamedov completed Thursday his two-day official visit to Kyrgyzstan and traveled from Bishkek to Istanbul for a working trip to Turkey. In Istanbul, the president addressed a gathering of the top business leaders from Turkey, Japan and Korea, to bolster investment activity in Turkmenistan and drum up support […]