Economy
Turkmenistan and Qatar step up economic integration
28.11.2025A delegation from Turkmenistan, led by Mergen Gurdov, Head of the Chamber of Commerce and Industry, held a meeting in Doha with the leadership of the Qatar Chamber of Commerce and Industry. This was reported by the Orient news agency. The parties discussed the development of trade and economic relations and the intensification of cooperation between the private sectors. The Turkmen side confirmed its intention to strengthen business ties with Qatar, based on the friendly relations between the two countries. The main topic of the negotiations was the acceleration of the implementation of the agreement on the establishment of a Turkmen-Qatari Business Council, designed to promote interaction between the business communities of both countries. Qatari representatives expressed interest in Turkmenistan's investment potential and supported the initiative to develop partnerships between businesses. Members of the Qatari Chamber noted that joint councils help overcome obstacles in the private sector and strengthen economic integration. M. Gurdov invited Qatari businessmen to visit Turkmenistan to familiarise themselves with investment opportunities on the ground.
Turkmenistan expands contacts at construction exhibition in Dubai
26.11.2025The national delegation of Turkmenistan, led by Minister of Construction and Architecture Abdulla Geldiyev, has begun work at the ‘Big 5 Global 2025’ international exhibition in Dubai. This was reported by Turkmenportal. Representatives of Turkmenistan participated in the opening ceremony and plenary session of the Global Leaders' Summit. The event brought together representatives of government agencies, international companies and experts from the construction industry. On the first day, the delegation held meetings with UAE officials and a number of international construction and engineering companies. They discussed projects in the field of industrial construction, the introduction of new technologies and the possible implementation of infrastructure initiatives in Turkmenistan. The specialists visited the national pavilions of Saudi Arabia, Turkey and China, where they familiarised themselves with materials, equipment, modular systems and technological solutions for urban and industrial projects. Negotiations were also held with EPC contractors, construction equipment manufacturers and digital platform developers. The exhibition participants noted the CIET 2025 conference and exhibition held in ‘Avaza’ in November and expressed interest in cooperation. The companies received invitations to CIET 2026. Turkmenistan's participation in ‘Big 5 Global 2025’ is aimed at expanding external relations and exchanging experience with global construction and technology companies.
Bassem Tadros: Turkmenistan's potential in the energy sector continues to grow
25.11.2025At the opening of the company's office in Ashgabat, Bassem Tadros, Head of the Abu Dhabi National Oil Company (ADNOC) Representative Office, emphasised that relations between Turkmenistan and the UAE are based on trust, respect and a shared vision of energy security. This was reported by the news agency ‘Turkmenistan: Golden age’. Both countries are actively developing political, economic and investment ties, with energy playing a key role in the partnership. B. Tadros noted that Turkmenistan has significant natural gas reserves, a favourable geographical location and a long history in the energy sector. He also stressed that ADNOC's cooperation with Turkmenistan will enable the effective pooling of resources and technical expertise for global growth. The opening of the office is a step towards strengthening cooperation, developing local capacity and supporting the country's further energy development.
A representative office of the Abu Dhabi National Oil Company has opened in Ashgabat
25.11.2025The Abu Dhabi National Oil Company (ADNOC) has opened a representative office in Ashgabat. The ceremony took place at the ‘Arkach’ business centre, according to Turkmenportal. Guvanch Agajanov, Chairman of the State Concern ‘Türkmennebit’, emphasised that the launch of the ADNOC office will be an important step in expanding the partnership. He expressed confidence that joint projects will contribute to the development of fields, increased production and staff training. Bassem Tadros, Director of Asset Management at XRG (a subsidiary of ADNOC), said that the opening of the office reflects the company's long-term plans in Turkmenistan. He noted that relations between the UAE and Turkmenistan are based on trust and cooperation in the energy sector. According to him, Turkmenistan has significant natural gas reserves and a favourable location, which strengthens its role in regional energy security and the development of export routes.
Turkmenistan presents its achievements in construction at ‘BIG 5 Global 2025’
24.11.2025On 24 November, a delegation from Turkmenistan began work at ‘BIG 5 Global 2025’, a leading international platform in the field of construction, infrastructure and urban development, which is being held at the ‘Dubai World Trade Centre’ in Dubai. The summit brings together thousands of specialists, representatives of government agencies, international companies and technology developers, according to the news agency ‘Turkmenistan: Golden age’. The Turkmen delegation will hold meetings with foreign partners and learn about innovative building materials, engineering solutions and digital technologies for ‘smart’ and sustainable cities. The focus will be on cooperation with global companies in the fields of industrial construction, modular technologies, urban planning and infrastructure digitalisation. The delegation will give a presentation on the country's key achievements and strategic priorities: construction modernisation, industrial innovation, ‘smart’ city concepts and large-scale infrastructure projects. Participation in ‘BIG 5 Global 2025’ strengthens professional ties, promotes the introduction of international practices and advances national projects on the world stage.
Makhachkala intends to start transit shipments through the port of Turkmenbashi
24.11.2025The Makhachkala Sea Trade Port is discussing with Turkmenistan opportunities for joint work in the field of transit transportation, according to the news website Asmannews. It is planned that the route between Turkmenbashi and Makhachkala will be able to transport Russian products to Central Asian countries. The port has specified that logistics routes are currently being developed that would allow cargo from Russia to travel through Turkmenistan to Afghanistan, Pakistan, Kyrgyzstan and Uzbekistan, as well as in the opposite direction. In addition, a scheme is being considered for the delivery of goods from China to Makhachkala via the ports of Aktau and Turkmenbashi.
Turkmen and Romanian companies discussed prospects for developing partnership
24.11.2025On 21 November, a meeting with representatives of the Romanian company FAN was held at the Chamber of Commerce and Industry of Turkmenistan. This was reported by the online publication ‘Business Turkmenistan’. Business cooperation opportunities in the transport and logistics sector were discussed with FAN CEO Marian Staicu. Representatives of the Romanian company received answers to questions from Turkmen enterprises ‘Eminli maslahat’, ‘Halkara Türkmen Logistik’, ‘Zehinli Ýoldaş’ and ‘Döwrebap Ulag Merkezi’, which actively work with European partners. The parties expressed confidence that the meeting would contribute to the expansion of bilateral cooperation.
Turkmenistan intends to actively develop online trade with Tatarstan
23.11.2025Turkmenistan has proposed deepening trade cooperation with Tatarstan, including in the field of e-Commerce. This was announced by Maksat Gutlymyradov, Head of the Foreign Economic Relations Department of the Ministry of Finance and Economy of Turkmenistan, at a meeting of the joint Turkmen-Tatarstan working group in Ashgabat, according to the news website Asmannews. According to him, the growth of online formats is important for strengthening economic cooperation. Foreign trade turnover in 2024 reached about $40 million: Turkmenistan's exports amounted to $9.9 million, while imports exceeded $25 million, which is 24% lower than in 2023 due to a reduction in supplies from Tatarstan. At the same time, exports of Turkmen products to Tatarstan increased 6.2 times, from $1.6 million to $9.9 million. This trend was also observed in the first half of 2025, noted M. Gutlymyradov.
A Tatarstan trading house will appear in the capital of Turkmenistan
23.11.2025The Republic of Tatarstan plans to open its own trading house in Turkmenistan to further increase mutual trade turnover. This was announced by Oleg Korobchenko, Minister of Industry and Trade of Tatarstan, following the tenth meeting of the joint Turkmen-Tatarstan working group on trade, economic, scientific, technical and cultural cooperation, according to Turkmenportal. According to the Minister, a representative of the Tatarstan trading house confirmed its readiness to launch an office in Turkmenistan, which, according to the parties' estimates, will significantly expand economic exchanges. Korobchenko also stressed that in 2024, trade turnover between Tatarstan and Turkmenistan exceeded $35 million, expressing hope that by the end of this year, this figure will approach the $50 million mark.
Turkmenistan participated in the CAREC 2025 Business Forum in Bishkek
22.11.2025From 18 to 20 November, a delegation from Turkmenistan participated in the CAREC 2025 Business Forum and the 24th Ministerial Conference of the Central Asia Regional Economic Cooperation (CAREC) Programme ‘Green and Digital CAREC’ in Bishkek, according to the news website Asmannews. During the meetings, the Turkmen side confirmed its readiness to strengthen regional economic cooperation, develop sustainable and digital projects, and emphasised the importance of a comprehensive approach to environmental and technological issues. The delegation representatives supported the updated CAREC strategies covering transport, trade, digital and social areas and presented information on infrastructure modernisation, digital service development, customs process improvement and healthcare system strengthening. As a result, a Memorandum on the establishment of the CAREC Digital Corridor and the Bishkek Ministerial Declaration on the start of negotiations on the CARTIF Agreement on Trade and Investment Facilitation were signed.
ADB intends to continue assisting Turkmenistan in developing its transport infrastructure
16.11.2025From 12 to 14 November, Ashgabat hosted the 18th International Exhibition and Scientific Conference ‘Türkmentel–2025’ and the forum ‘International Transport and Transit Corridors: Interconnection and Development–2025’, reports AsmanNews. On the sidelines of the events, Artur Andrysiak, Director of the Asian Development Bank (ADB) Permanent Mission in Turkmenistan, spoke about the bank's current projects in the country. He noted that the ADB has been cooperating with Turkmenistan for 25 years, supporting the development of infrastructure, transport, energy and healthcare. Currently, the bank is working with the Turkmenistan government to implement projects to modernise railway infrastructure and human capital development programmes. Agreements have recently been signed on new infrastructure projects, including the construction of a secondary medical school in Ashgabat, which, according to A. Andrysiak, will make an important contribution to the country's healthcare system. He also emphasised the strategic importance of Turkmenistan in the North-South and East-West transport corridors, noting the ADB's readiness to continue supporting projects in these areas.
‘Türkmen-Innowasiýa’ presented new payment solutions at ‘Türkmentel-2025’
15.11.2025At the 18th International Exhibition ‘Türkmentel-2025’, the individual enterprise ‘Türkmen-Innowasiýa’ presented a line of new payment and cash register devices. This was reported by AsmanNews. The company, which has been operating since 2008, specialises in software development and the implementation of digital solutions for the banking sector, government agencies and private businesses. ‘Türkmen-Innowasiýa’ actively cooperates with international technology partners, including NBA Technologies International, Verifone, PAX and GRG. Terminals equipped with a biometric facial recognition system attracted particular interest at the exhibition. Such solutions speed up the payment process, increase security and comply with modern international standards. As noted by company representative Mihail Kudryashov, the company has implemented a number of projects that have already made a significant contribution to the development of the country's digital economy. Key initiatives include a national instant payment system for mobile communications, internet, utilities and administrative fines. The company supplies and services equipment throughout Turkmenistan, with offices in all five velayats.
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