Economy
Vladimir Petruk: ‘Construction of the metro in Ashgabat is a step towards a sustainable and innovative city’
25.05.2025Vladimir Petruk, Managing Director of Interbudmontazh, spoke at the XXIV International Exhibition and Conference ‘White City Ashgabat’. He thanked the leadership of Turkmenistan for the opportunity to participate in the authoritative international platform, which promotes the development of partnerships and exchange of professional experience, IIC reports. The initiative to build an underground in Ashgabat was highlighted among the promising areas. Petruk recalled that on the instructions of the President of Turkmenistan in 2014 the development of a feasibility study of the project with the involvement of Japanese, Austrian and American specialists was launched. The planned metro is seen as an element of a sustainable transport system capable of connecting Ashgabat with the new city of Arkadag in the future. In addition, the company is taking part in the construction of a regulating hydraulic structure on the Karakum Canal in partnership with the Australian firm Rubicon. The aim of the project is to ensure sustainable water supply to the capital and support the development of agriculture in the country. In conclusion, Vladimir Petruk expressed interest in further participation of Interbudmontazh in key infrastructure initiatives of Turkmenistan. He stressed the importance of a systematic project approach taking into account the seismic conditions of the region, and also noted that such forums as ‘White City Ashgabat’ serve as a catalyst for major projects and expand the horizons of international cooperation.
UN-Habitat praises Ashgabat's achievements in sustainable development
25.05.2025At the XXIV International ‘White City Ashgabat’ Exhibition, UN-Habitat Executive Director Anacláudia Marinheiro Centeno Rossbach praised the achievements of the Turkmen capital in her video message. She noted that Ashgabat successfully implements the principles of sustainable development, demonstrating progress in creating a green urban environment and modern infrastructure. It is reported by IIC. In her speech, the UN-Habitat chief emphasised the compliance of Ashgabat's development with the global goals of urbanism, including the New Urban Agenda. Turkmenistan's efforts to create an inclusive urban environment combining technological progress with environmental safety were particularly appreciated. ‘We value the partnership with Turkmenistan and are confident that together we can create cities of the future - comfortable and safe for all,’ said S. Rossbach, confirming readiness for further co-operation.
The head of the Turkish company Çalık Holding spoke at the exhibition "White City Ashgabat"
25.05.2025At the ‘White City Ashgabat’ International Exhibition, Ahmet Chalyk, Chairman of the Board of Directors of Çalık Holding Turkish Group of Companies, emphasised the importance of this large-scale event for the development of global cooperation. According to him, the exhibition creates unique opportunities for establishing strategic partnerships and attracting investments. It is reported by IIC. Ahmet Chalyk noted that Ashgabat, recognised as one of the most beautiful cities in the world, continues to attract the attention of international investors. ‘We are proud to participate in the development of Turkmenistan's infrastructure,’ he said, emphasising the company's contribution to the implementation of large-scale projects in construction and energy. Çalık Holding's participation in the exhibition has already become a tradition, which demonstrates the Turkish company's long-term commitment to the development of the region.
Daewoo CEO praises Turkmenistan's achievements in urban development
25.05.2025At the White City Ashgabat International Exhibition, Daewoo Engineering & Construction President Kim Bo-hyun praised Turkmenistan's construction projects. He noted that the country demonstrates impressive urbanisation rates, harmoniously combining innovative technologies and sustainable development. It is reported by IIC. The Korean leader paid special attention to the Arkadag city project, calling it an exemplary example of modern urban development. Kim Bo-hyun underlined the company's 50-year experience of cooperation with Turkmenistan, including the current project of construction of Turkmenabat fertiliser plant. ‘The White City Ashgabat exhibition provides a unique opportunity for professional dialogue and strengthening partnership,’ the head of Daewoo noted, inviting the participants to get acquainted with the company's exposition. In conclusion of his speech, the head of Daewoo expressed confidence in the prospects for further co-operation with Turkmenistan on the implementation of large-scale infrastructure projects.
Negotiations were held between the Deputy Chairman of the Cabinet of Ministers of Turkmenistan and the President of the Renaissance Holding Company
25.05.2025Deputy Chairman of the Cabinet of Ministers of Turkmenistan Baymyrat Annamammedov and President of Renaissance Holding Erman Ilicak held talks within the framework of the international exhibition ‘White City Ashgabat’. This was reported by IIC. The parties discussed the prospects of partnership in the implementation of large-scale construction projects in Turkmenistan. ‘Renaissance Holding’, which has significant international experience, expressed interest in participating in construction programmes in the country. During the meeting, the interlocutors agreed to further develop the dialogue and outlined specific areas of cooperation that will contribute to the modernization of the construction industry of Turkmenistan, taking into account the best international practices. Turkmenistan, which is actively developing its construction industry, continues to attract the world's leading specialists and introduce advanced urban planning technologies.
Ryazan entrepreneurs discussed prospects for co-operation with Turkmenistan
22.05.2025As part of a series of business events ‘An Hour with the Trade Representative’ organised by the Business Development Agency of the Ryazan region, a video conference with Trade Representative of the Russian Federation in Turkmenistan Andrey Khripunov was held. This is reported by the IIC of Turkmenistan. According to the source, the initiative is aimed at intensifying interaction between business communities of the two countries and expanding the export potential of the region. The key issue of the meeting was the preparation of Ryazan companies for participation in the international exhibition ‘Turkmen Construction’, which will open in Ashgabat on 3 November. Participation in the event is planned in the format of a collective stand of the Ryazan region, where the companies will present products in the fields of construction, industry, chemistry and energy. Andrey Khripunov spoke in detail about the most promising areas of export to Turkmenistan, focusing on the construction industry - one of the most dynamically developing in the country against the background of large-scale infrastructure projects. The participants of the meeting also received detailed information on the specifics of entering the market of Turkmenistan: from customs regulation and product certification requirements to the existing instruments of state support for Russian exporters.
Turkmenistan and Kazakhstan discussed co-operation in the energy sector
20.05.2025The Extraordinary and Plenipotentiary Ambassador of Turkmenistan to Kazakhstan Batyr Rejepov held a meeting with Vice-Minister of Energy of Kazakhstan Alibek Zhamauov on 16 May. This was reported by the press service of the Turkmen diplomatic mission. According to the source, the main topic of the talks was the consideration and implementation of the agreements recorded in the protocol of the 13th meeting of the Intergovernmental Turkmen-Kazakhstan Commission on Economic, Scientific, Technical and Cultural Cooperation. During the meeting, the sides discussed key areas of cooperation in the energy sector. The interlocutors noted the importance of a comprehensive and systematic approach to solving urgent tasks facing both countries within the framework of the energy dialogue. At the conclusion of the talks, the sides expressed their commitment to further strengthening of partnership and development of bilateral dialogue.
TurkmenTextile Expo 2025 will bring together the textile industry in Ashgabat
20.05.2025TurkmenTextile Expo 2025, an international exhibition designed to unite key players of the global textile industry on a single platform, will be held in Ashgabat from 11 to 13 June. The large-scale event is organised by the Chamber of Commerce and Industry of Turkmenistan and Turkmen Expo Company, TerraNews reported. The exposition will cover the entire production cycle - from modern technologies and equipment to finished products, including clothing, accessories, textile accessories and interior goods. The exhibition will be attended by leading manufacturers, designers, representatives of specialised companies and industry experts. The forum programme includes demonstrations of new collections, fashion shows with the participation of Turkmen and foreign designers, professional discussions, training master classes, as well as B2B meetings. The participants will be able not only to present their designs, but also to establish promising partnership contacts. The main objective of the exhibition is to promote international cooperation, promote competitive Turkmen products to foreign markets and strengthen the image of Turkmenistan as the centre of the textile industry in the region.
Turkmenistan and Iran discuss expansion of gas transit and investment in petrochemicals
20.05.2025Turkmenistan is considering the possibility of increasing the volume of natural gas transit through Iran as part of the strategy to diversify export routes. This was announced by Turkmen Foreign Affairs Minister Rashid Meredov at the 18th meeting of the Intergovernmental Turkmen-Iranian Commission on Economic Cooperation, IIC reported. According to the Foreign Affairs Minister, Ashgabat is also interested in attracting Iranian investments for the implementation of projects in the petrochemical industry. Such interaction, according to the Turkmen side, contributes to more efficient use of natural gas. During the meeting, the sides discussed topical issues of bilateral interaction, including the development of cooperation in trade and economic, energy and transport spheres.
Turkmenistan at the Tehran Dialogue Forum: transport corridors and energy cooperation
20.05.2025A dialogue forum organised by the Center for Political and International Studies of the Ministry of Foreign Affairs of the Islamic Republic of Iran was held in Tehran on 18-19 May. Deputy Chairman of the Cabinet of Ministers and Minister of Foreign Affairs of Turkmenistan Rashid Meredov took part in the event. This is reported by the IIC. In a panel discussion on the role of transport corridors in the development of Eurasia, Meredov stressed the importance of transport and logistics connectivity for sustainable growth and regional cooperation. He presented Turkmenistan's initiative ‘Revival of the Great Silk Road’ as an important tool of Eurasian integration, and also spoke about the development of national infrastructure, modernisation of Caspian ports and participation in transit projects with Kazakhstan, Uzbekistan and Iran. The Turkmen Foreign Affairs Minister noted the country's contribution to the promotion of sustainable transport, recalling the holding of the first UN Global Conference on this topic in Ashgabat in 2016. He also touched upon Turkmenistan's energy strategy, including the TAPI gas pipeline project and the expansion of electricity exports to West Asia. During the forum, Rashid Meredov held a number of bilateral meetings with representatives of other countries to discuss prospects for co-operation.
Chairman of the Halk Maslahaty of Turkmenistan met with ADB Director
18.05.2025The National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov held a meeting with the Director of the Asian Development Bank's Representative Office in Turkmenistan Arthur Andrysiak in the city of Arkadag. The parties noted 25 years of successful experience of cooperation and discussed the implementation of the new Partnership Strategy for 2024-2028, paying special attention to the issues of ‘green’ economy and structural transformation. This is reported by the IIC. An important outcome of the meeting was the signing of a Memorandum of Understanding between the State Construction Committee of Arkadag and ADB. The document lays the foundation for co-operation in the development of energy and water infrastructure of the new city, created according to the principles of ‘smart’ and environmentally friendly settlement. The agreement provides for the introduction of modern energy and water saving technologies, as well as the development of alternative energy, which is in line with the concept of sustainable development of Arkadag as a modern administrative centre of the country.
Turkmenistan increases cargo turnover and modernises infrastructure
17.05.2025In January-April 2025, transit cargo turnover in Turkmenistan increased by almost 20% compared to the same period last year. Road transport increased by 25%, railway transport - by 6%. This is reported by the news agency ‘Turkmenistan: Golden age’. In total, more than 2 million tonnes of cargo transited the border. The growth of indicators was ensured by measures to develop transport infrastructure, expand logistics corridors and create conditions for uninterrupted transit. In addition, checkpoints were modernised: the material and technical base was upgraded and digital technologies were introduced into the work of customs.
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