Economy
A tender is being held in Turkmenistan for the construction of a reinforced concrete sleeper plant
23.07.2025On 22 July, the Ministry of Construction and Architecture of Turkmenistan, on behalf of the Ministry of Railway Transport, announced an international tender for the design and construction of a plant in the Baherden district of the Ahal velayat. This was reported by the online publication ‘Business Turkmenistan’. The project envisages the production of 300,000 reinforced concrete sleepers and 100 sets of rails for switch points per year. Applications will be accepted until 29 August 2025 at the Department of Marketing and Foreign Economic Relations of the Ministry of Construction and Architecture of Turkmenistan.
Turkmenistan announces tender for construction of cotton seed processing plant
23.07.2025The State Association of the Food Industry of Turkmenistan has announced an international tender for the construction of a modern cotton seed processing plant with a capacity of 60,000 tonnes per year in Dashoguz velayat. This was reported by the online publication ‘Business Turkmenistan’. The project also includes plans to produce cotton oil that meets international quality standards. The deadline for submitting tender proposals is 30 working days from the date of official publication of the announcement in the newspaper ‘Neutral Turkmenistan’. Those wishing to participate in the tender can obtain the technical specifications and application form from the State Association of the Food Industry of Turkmenistan.
Foreign entrepreneurs conclude trade deals with Turkmenistan
22.07.2025On June 21, two foreign trade transactions worth a total of 836,400 US dollars were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan. This was reported by the press service of the SCRMET. Entrepreneurs from Afghanistan purchased a batch of liquefied gas from the State Concern ‘Türkmennebit’. Also, within the framework of the auction, Kyrgyz businessmen signed a contract with Turkmen manufacturers for the purchase of cotton yarn.
Silk production in Turkmenistan: achievements and prospects
22.07.2025Silk production is an important industry in Turkmenistan with deep historical roots. One of the leading enterprises in this field is the Turkmenabat Silk Production Association, which has been operating since 1931 under the auspices of the State Concern ‘Türkmenpagta’. This was reported by the news agency ‘Turkmenistan: Golden age’. During the years of independence, the association was modernised, which significantly increased production efficiency. In the first six months of 2025, the enterprise fulfilled its raw silk production plan by 119.3%, producing about 33.5 tonnes of products. It also produced 4.94 million square metres of cotton fabric and 60,000 square metres of silk fabric, exceeding its targets by more than 106% and 115%, respectively. The enterprise operates in two shifts, employees are provided with transport and have the opportunity to relax at the ‘Hasyl’ health centre in the ‘Avaza’ tourist zone. The association has workshops for processing cocoons, spinning, weaving, dyeing and the production of consumer goods. Raw materials are supplied by silk producers in the Lebap, Mary and Dashoguz velayats. Special attention is paid to the handcrafting of high-quality silk carpets and souvenirs. All of these items are available in the company's brand store at reasonable prices.
Turkmen diesel locomotives return to service after modernization in China
21.07.2025A batch of diesel locomotives from Turkmenistan underwent major repairs and modernisation at the CRRC Ziyang plant in China. The work was completed on 18 July, after which the locomotives were prepared for shipment back to Turkmenistan for operation. This was reported by the news agency Orient. These machines, exported to the country 20 years ago, had travelled more than 2 million km and were in need of serious technical upgrades. The repair contract was signed at the end of 2024 — the first time that diesel locomotives from Turkmenistan had returned to China for modernisation. The project included the repair of key components and the installation of new safety, control and ergonomic systems. Training was also provided for Turkmen specialists and technical manuals were prepared. CRRC Ziyang's partnership with ‘Türkmendemirýollary’ has been ongoing since 2004. During this time, 294 locomotives have been delivered, serving more than 98% of the country's freight traffic. The project has become an example of successful cooperation within the framework of the ‘Belt and Road Initiative’.
Ashgabat will host international exhibition and conference on transport corridors
21.07.2025From 26 to 27 November, Ashgabat will host an International Conference and Exhibition entitled ‘International Transport Corridors: Interconnection and Development – 2025’ at the Chamber of Commerce and Industry of Turkmenistan. This was reported by the press service of the Chamber of Commerce and Industry of Turkmenistan. Participants will discuss the development of international transport and transit corridors, the digitalisation of logistics, environmentally friendly technologies and the role of education in the industry. The event will include a specialised exhibition, ‘Transport and Logistics,’ which will showcase the latest achievements in the field of road, sea, air and rail transport. The event is organised by the Transport and Communications Agency under the Cabinet of Ministers of Turkmenistan and Net Fuar Organizasyon Ltd.Sti.
Products of Turkish manufacturers to be presented in Ashgabat
21.07.2025From 3 to 5 December, a specialised exhibition dedicated to Turkish products will be held at the Chamber of Commerce and Industry of Turkmenistan. This was reported by the press service of the Chamber of Commerce and Industry of Turkmenistan. For many years, this specialised exhibition has served as a platform for presenting Turkish products and exchanging modern technologies. The forum aims to develop bilateral relations and expand business cooperation between Turkmenistan and Turkey, with a focus on investment and innovation opportunities, increasing competitiveness and modernising key sectors of the economy. The event will be attended by manufacturing companies and private enterprises from Turkey. The exhibition will feature equipment and spare parts for industry and agriculture, construction materials, household and electronic appliances, home goods and textiles.
Turkmenistan and Rhenus Group discuss expansion of logistics cooperation
20.07.2025On 18 July 2025, a business meeting was held in Brussels between Turkmenistan's Ambassador Sapar Palvanov and Heinrich Kerstgens, Director of Strategic Projects at the Rhenus Group. The talks focused on the German logistics company's plans to significantly increase freight traffic through Turkmenistan. This was reported by IIC. During the discussion, the representative of the Rhenus Group emphasised that the company considers Turkmenistan not just as a transit territory, but as a strategically important transport hub capable of providing consistent and efficient logistics links between Europe and Asia. Particular attention was paid to the potential of the international seaport of Turkmenbashi and the country's modern railway infrastructure. Ambassador Palvanov provided detailed information on Turkmenistan's large-scale investments in the development of the transport system, including the construction of new motorways, the modernisation of railways and the expansion of port facilities. These projects are aimed at strengthening the country's position as a reliable link in international transport corridors. The parties expressed mutual interest in developing long-term partnership and agreed to continue consultations at the expert level to implement joint initiatives.
Turkmenistan prepares for business forum with Japan
19.07.2025Deputy Chairman of the Cabinet of Ministers of Turkmenistan Nokerguly Atagulyev reported on preparations for the upcoming Turkmen-Japanese business forum during a government meeting on 18 July. This was reported by the state news agency TDH. It is noted that active work is underway to organise the event at a high level. Japanese companies working in the fields of investment, education, services, oil and gas, industry, healthcare, construction and logistics have expressed interest in participating. Turkmenistan will be represented at the forum by the Chamber of Commerce and Industry, the Union of Industrialists and Entrepreneurs, as well as relevant ministries and departments. The relevant proposal has been submitted to the President of Turkmenistan, Serdar Berdimuhamedov, for consideration. After hearing the report, the Head of State emphasised the country's active participation in international forums and recalled the successful work of the Turkmen pavilion at the EXPO 2025 exhibition in Osaka. The Head of State instructed the Deputy Prime Minister to ensure proper preparation and hold a high-level business forum.
Turkmenistan strengthens its position in the oil and gas industry with the launch of a new offshore terminal
19.07.2025A new marine berth at the Kenar terminal for the storage and shipment of petroleum products has been officially opened in Turkmenistan. President Serdar Berdimuhamedov launched the strategic facility via videoconference. This was reported by the IIC. The new terminal, which is part of the ‘Turkmenbashi Oil Refinery’, is equipped with modern equipment and can simultaneously serve two tankers. Its commissioning will increase the annual volume of shipments to 2 million tonnes of petroleum products. The historic enterprise, founded in 1886, now employs more than 700 specialists. Thanks to its developed infrastructure, it supplies products to both the domestic market and abroad. The new terminal is of particular importance in the run-up to the Third UN Conference on Landlocked Developing Countries, which will be held in August in Avaza, Turkmenistan. The grand opening ceremony of the marine berth ended with traditional blessing rituals and the presentation of cars to the company's best employees.
Ashgabat will host anniversary forum "Oil and Gas of Turkmenistan - OGT 2025"
19.07.2025This October, Ashgabat will host the 30th anniversary forum ‘Oil & Gas of Turkmenistan – OGT 2025.’ Over 100 participants have registered for the event, making it one of the largest and most innovative conferences ever held, according to the news website Asmannews. Under the motto ‘Energy. Innovation. Development,’ the forum will bring together experts, investors and politicians from more than 60 countries. The focus will be on expanding gas exports and developing green energy. S&P Global Platts is the intellectual partner of OGT 2025, organising closed-door discussions on key industry trends. Technical sessions on carbon capture and underground gas storage will be held by Gaffney Cline and the Society of Petroleum Engineers (SPE). The forum will also showcase Turkmenistan's achievements in renewable energy, including hybrid power plants and measures to reduce emissions. Auguste International has joined the list of gold sponsors.
Turkmenistan took part in the 106th meeting of the CIS Economic Council in Moscow
19.07.2025The 106th meeting of the CIS Economic Council took place in Moscow today. Turkmenistan was represented at the event by Esen Aydogdyev, Ambassador Extraordinary and Plenipotentiary to the Russian Federation. High-ranking delegates from all CIS member states took part in the meeting. This was reported by the IIC. The participants focused on discussing the draft Declaration on Regional Energy Security, which will be submitted to the Council of Heads of State of the CIS for consideration. A significant part of the meeting was devoted to issues of nuclear energy development, in particular the approval of an action plan for the implementation of the second phase of the Framework Programme for Cooperation in the Peaceful Use of Nuclear Energy for the period 2026-2030. During the event, important documents were also approved, including a comprehensive plan for the prevention and control of particularly dangerous animal diseases, projects on harmonising pricing in the construction industry and developing forestry. The participants reviewed reports on the activities of intergovernmental councils on cooperation in construction and seed production, and discussed issues related to improving the qualifications of specialists in various industries, including the baking industry.
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