Economy
Turkmenistan and Uganda are strengthening their economic partnership
13.05.2026Turkmenistan and Uganda held high-level talks in Kampala, confirming their intention to develop relations toward practical economic cooperation. This was reported by the news website Turkmenportal. The Turkmen delegation was led by Yagshuli Mammedov, Head of the Middle East and Africa Department at the Ministry of Foreign Affairs of Turkmenistan. The Ugandan side was represented by Ambassador Leonard Mugerwa, with organizational support from Ugandan diplomatic representatives. The two sides outlined key areas of cooperation, including trade and investment, energy, textiles, agriculture, education, tourism, and cultural exchanges. Turkmenistan proposed exporting natural gas and textile products, while Uganda offered coffee and poultry products, as well as cooperation in food processing development. Education programs, academic exchanges, and training in the field of international relations were also discussed, along with the organization of business forums and trade exhibitions. In addition, the parties considered simplifying travel for diplomats by introducing a visa-free regime for holders of diplomatic and official passports. They also touched upon cooperation within the United Nations and prospects for reciprocal visits. Following the meeting, both sides noted an intensification of bilateral dialogue, with further agreements and contacts expected through 2027.
Turkmenistan and Pakistan discussed trade and logistics cooperation
13.05.2026On May 11, a meeting took place in Islamabad between the Ambassador of Turkmenistan, Atajan Movlamov, and Pakistan’s Minister of Commerce, Jam Kamal Khan. The main focus was on the development of regional trade routes and improving transport and logistics connectivity, according to the news agency Orient. The sides discussed expanding trade corridors to ensure the stable transit of goods and closer cooperation between business entities. The key role of infrastructure in strengthening Pakistan’s trade relations with Central Asian countries was emphasized. The Pakistani side highlighted its strategic position as a transport hub between Central Asia and global markets, as well as the growing importance of the country’s logistics potential. The Turkmen side, in turn, expressed interest in deepening economic cooperation and developing trade and transport links. Energy and infrastructure projects were also discussed separately. The parties agreed to intensify cooperation through chambers of commerce, business forums, and exhibitions.
A meeting of the Council on Railway Transport of CIS countries has opened in Ashgabat
13.05.2026In the capital of Turkmenistan, the 84th Council on Railway Transport of the CIS member states has begun its work in the conference hall of the Yyldyz Hotel. The meeting will last until May 14, according to the news website Turkmenportal. Heads of railway administrations from the Commonwealth countries have arrived in Ashgabat to take part in the event. Within the framework of the forum, participants are expected to discuss key issues related to expanding cooperation and developing the railway sector across the CIS, as well as hold bilateral and multilateral meetings and a briefing for media representatives. A cultural program has been prepared for participants, including visits to the Ashgabat Equestrian Complex, the State Museum of Turkmenistan, and the Magtymguly Fragi cultural and park complex.
The Turkmen cargo vessel Gadamly has entered international service
13.05.2026A ceremonial reception was held at the Baku International Sea Trade Port for the cargo vessel Gadamly — the first ship of this class built in Turkmenistan. The commissioning of the vessel marks an important milestone in the development of the national shipbuilding industry and in strengthening the country’s position within the regional transport system, according to the IIC. The 6,100-ton cargo ship is designed to carry 240 twenty-foot containers. It will operate regular services between the ports of Turkmenbashi and Baku, which will help accelerate cargo flows and improve the efficiency of logistics in the Caspian Sea region. The vessel’s maiden voyage, which took place on May 8, was ceremonially launched under the leadership of the President of Turkmenistan, Serdar Berdimuhamedov. During the ceremony in Baku, officials noted that the commissioning of Gadamly would serve as an additional factor in the development of the Middle Corridor and Eurasian transport routes. The ship is expected to strengthen the region’s transit potential and enhance the resilience of logistics chains in the Caspian basin. The development of Turkmenistan’s merchant fleet through domestically built vessels is seen as part of a broader strategy to expand international cooperation and increase the capacity of transport corridors between East and West.
The international exhibition “Agro Pack Turkmenistan – 2026” has opened in Ashgabat
12.05.2026In Ashgabat, the international exhibition “Agro Pack Turkmenistan – 2026” has opened at the building of the Chamber of Commerce and Industry of Turkmenistan and will run until May 14. This was reported by the news website Turkmenportal. The event is dedicated to modern developments and innovations in agriculture, the food industry, and processing. Participants can explore new technologies and solutions, as well as discuss prospects for cooperation. President of Turkmenistan Serdar Berdimuhamedov delivered a welcoming address to the participants, emphasizing the importance of the exhibition for the exchange of experience and the development of international cooperation. The exhibition features companies from Belarus, the Netherlands, Russia, Azerbaijan, the United States, Turkey, Uzbekistan, and Turkmenistan. Turkmen producers are showcasing achievements in agriculture, livestock farming, processing, and food production, while also strengthening their export positions. Within the framework of the exhibition, business meetings and negotiations are scheduled, aimed at developing mutually beneficial cooperation.
Turkmen entrepreneurs have been invited to Trans EXPO 2026 in Yerevan
12.05.2026Turkmen entrepreneurs have been invited to take part in the 25th International Specialized Exhibition of Transport and Logistics Trans EXPO 2026. It will be held on September 4–6, 2026, in Yerevan. This was reported by “Business Turkmenistan”, citing the Chamber of Commerce and Industry of Turkmenistan. The exhibition will take place within the framework of the ARMENIA EXPO forum and will bring together representatives of the transport, logistics, and automotive industries. The venue will showcase solutions for road transport and logistics, new models of cars and motorcycles, repair and maintenance services, as well as transportation technologies. The exposition will include car and motorcycle dealerships, auto parts, automotive chemicals, transport and logistics companies, as well as telematics and communication solutions. The program will feature business meetings, negotiations with potential partners, and the exchange of experience among market participants.
Export Trade Deals in Turkmenistan Exceeded $11 Million at Exchange Auctions
12.05.2026Last week, 17 transactions were concluded at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan. This was reported by the news agency “Turkmenistan: Golden Age”. For foreign currency, buyers from the UAE and Georgia purchased Türkmennebit base oil. Cotton yarn, cotton fiber, calico fabric, wheat flour, textile waste, and Portland cement were also sold for export. The buyers included companies from Turkey, the UAE, and Switzerland. The total value of export contracts exceeded $11.375 million. On the domestic market, local entrepreneurs purchased base oil, cotton fiber, textile waste, as well as polypropylene and metallized film worth more than 145.42 million manats.
The Chinese company is initiating a gas processing project in Turkmenistan
11.05.2026The Chinese petrochemical company “Puyang Shengyuan” has proposed implementing a large-scale gas processing project in Turkmenistan aimed at deeper industrial utilization of the country’s natural resources. This was reported by the online newspaper “Nebit-Gaz”. The proposal was presented by the company’s president, Wang Xicheng. The project envisions the creation of an integrated gas-chemical complex combining three main production areas: petrochemical, agricultural, and energy. Its goal is to increase the added value of natural gas and stimulate the development of related industries, including logistics, services, and mechanical engineering, while also creating new jobs. At the core of the initiative is the construction of a methanol production plant with a capacity of 1.8 million tons per year. In addition, the plan includes the production of high value-added products, such as high-density polyethylene and polypropylene.
The Balkan plant received international certificates
11.05.2026The Balkan Shipbuilding Yard was awarded international certificates at the commissioning ceremony of the dry cargo vessel “Gadamly.” This was reported by TDH. The certificates were presented by the president of the company “Koryo Shipbuilding Industry Technology,” Choi Young-wook. He noted the quality of engineering solutions and installation work during the vessel’s construction. Choi Young-wook congratulated those involved on the completion of the project and stated that the launch of the “Gadamly” reflects Turkmenistan’s development in the transport and logistics sector. It was emphasized that the construction of the vessel was the result of joint work. The Balkan shipyard, which is part of the structure of the Turkmenbashi International Seaport, has gained the capability to build modern cargo ships for international transport. A statement was also made by Samat Kamalov, manager of the French company “Bureau Veritas Marine and Offshore.” He presented the shipyard and the vessel with certificates of compliance with international standards, including environmental requirements. According to him, the project confirms the use of modern approaches and international experience in shipbuilding.
Turkmenistan presented its economic potential at an IMF platform in Washington
08.05.2026On May 7, the Embassy of Turkmenistan in the United States, in cooperation with the International Monetary Fund (IMF), held an event at the Fund’s headquarters in Washington titled “Economic Development of Turkmenistan in the Context of Regional and Global Economic Outlook.” The Turkmen-American Business Cooperation Association acted as a partner, according to the news website Turkmenportal. More than 80 representatives of diplomatic missions, international organizations, and the business community took part in the meeting, including the ambassadors of Turkmenistan and the United States, representatives of the IMF, the U.S. Department of Commerce, the State Department, and the World Bank. Participants discussed Turkmenistan’s economic prospects and the development of trade and investment cooperation between Ashgabat and Washington, as well as the expansion of contacts between the business communities of the two countries. The event also featured a cultural presentation and an introduction to Turkmen national cuisine.
The Turkmen-American Business Cooperation Association has been launched in Washington
08.05.2026On May 7, the Turkmen-American Business Cooperation Association was inaugurated in Washington, alongside its first business forum, according to the news website Turkmenportal. More than 50 companies from Turkmenistan and the United States participated in the event, operating in logistics, IT, e-commerce, education, consulting, and services. The majority of participants represented small and medium-sized businesses. The forum aimed to develop direct business contacts between entrepreneurs from the two countries. Participants presented their companies, discussed prospects for cooperation, and exchanged experience in doing business in Turkmenistan and the United States. Representatives of the Embassy of Turkmenistan emphasized the importance of launching TABCA as a new platform for expanding economic interaction between the countries, particularly in the small and medium-sized business segment. The event also included a networking session and an award ceremony honoring entrepreneurs who contributed to the development of bilateral business ties.
A series of transactions with foreign entrepreneurs were concluded on the Turkmenistan exchange
07.05.2026On May 6, export transactions involving foreign entrepreneurs were concluded on Turkmenistan’s external exchange market. This was reported by the press service of the State Commodity and Raw Material Exchange of Turkmenistan. Entrepreneurs from Georgia and the United Arab Emirates signed contracts with the State Concern “Turkmennebit” for the purchase of base oil of the “SN-180” grade. At the same time, business representatives from Switzerland concluded agreements with Turkmen entrepreneurs for the supply of cotton fiber. In total, five deals were executed during the trading session. The total value of the contracts amounted to 3.3 million US dollars. The transactions reflect continued interest from foreign companies in Turkmenistan’s key export goods, including petrochemical products and agricultural raw materials.
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