Economy
Turkmenistan and Pakistan discussed cooperation in the banking sector
02.05.2026On 29 April 2026, the Embassy of Turkmenistan in Islamabad held a meeting with a delegation from Habib Metro Bank led by Fatima Zehra. The parties discussed expanding cooperation in the financial and banking sectors, according to the press service of the diplomatic mission. The parties considered establishing direct correspondent relations, developing financial mechanisms and launching joint projects. Mutual interest in expanding contacts between the financial institutions of the two countries was noted. It is expected that this will have a positive impact on the business environment and investment activity. Following the meeting, the parties confirmed their readiness to continue the dialogue. They agreed to maintain regular contact.
Turkmenistan has joined the Asian Development Bank’s project to modernise border infrastructure
02.05.2026Turkmenistan has joined the Asian Development Bank’s project to modernise modern border crossing points as part of the CAREC programme. Technical assistance amounting to US$1 million has been allocated to the initiative, according to the news agency Orient. The project aims to upgrade border infrastructure using innovative and environmentally friendly solutions and covers countries in the region and partners. It involves preparing project documentation for key border crossing points, introducing new approaches to infrastructure construction, and training specialists in border facility management. Turkmenistan’s participation will help accelerate the modernisation of the transport and logistics system and improve the efficiency of cross-border trade through the introduction of modern technologies and the optimisation of border procedures. The ADB notes that weak infrastructure and complex control processes remain problematic factors affecting the cost and speed of transport in the region. The project is expected to increase the throughput capacity of border crossing points and improve conditions for the development of trade and transport routes involving the country.
Turkmenistan and South Korea discussed cooperation in shipbuilding and transport
02.05.2026Turkmenistan and the Republic of Korea have discussed prospects for expanding economic cooperation, including in the shipbuilding sector. This was reported by the online publication ‘Business Turkmenistan’. These issues were raised during a meeting between Batyr Annayev, Deputy Chairman of the Cabinet of Ministers of Turkmenistan, and Lee Won-jae, Ambassador of the Republic of Korea to Turkmenistan. In addition to shipbuilding, the parties exchanged views on potential cooperation in the field of rail transport, as well as in the transport and communications sectors. It is noted that the ‘Balkan’ shipbuilding and ship repair yard is currently implementing a project, in collaboration with the South Korean company ‘Koryo Shipbuilding Industry Technology Co., Ltd.’, to build two dry cargo ships, each with a carrying capacity of 6,100 tonnes.
‘Puyang Shengyuan’ is set to launch polycarbonate production in Turkmenistan
01.05.2026The Chinese petrochemical group ‘Puyang Shengyuan Petrochemical Group’ intends to ensure that over 20% of the production of high-quality polycarbonate in Turkmenistan is locally sourced. This was announced by the company’s President, Wang Xichen, at the Turkmen-Chinese Business Forum, according to the online publication ‘Business Turkmenistan’. According to Wang Xichen, the company is ready to implement major strategic projects aimed at strengthening the country’s resource security and modernising its industrial sector. This involves the transfer of technologies for the production of high-quality polymers and environmentally friendly materials, followed by their integration into Turkmenistan’s industrial system. It is also noted that the cooperation includes the introduction of modern environmental standards, the development of sustainable supply chains and the creation of a technical support network across the country. The company’s Head emphasised that entering the Turkmenistan market is viewed as a long-term strategy focused on the production of high value-added products based on local raw materials.
A seminar on the protection of investors’ rights in the securities market was held in Ashgabat
01.05.2026A seminar was held in Ashgabat for specialists from the Ministry of Finance and Economy and the Ashgabat Stock Exchange. The event was organised as part of a joint project between UNDP and the Ministry of Finance and Economy of Turkmenistan aimed at developing the country’s financial market, reports Turkmenportal. UNDP experts reviewed international practices regarding investor protection, standards for investment activities in the securities market, and the operations of the Ashgabat Stock Exchange. The project covers the improvement of legislation, the development of a strategy for the securities market, the professional development of specialists, and the development of the depository system.
The development of ‘green’ energy was discussed at a business forum in Ashgabat
01.05.2026A Turkmen-Chinese business forum was held in Ashgabat, where cooperation in the electricity sector was discussed. This was reported by ‘Turkmenistan: Golden age’. S. Saparov, Deputy Minister of Energy of Turkmenistan, stated that there are 11 power stations operating in the country with a total capacity of 7,000 MW. This enables the country to meet domestic demand and increase electricity exports. Particular attention is being paid to the development of renewable energy sources and the reduction of emissions. In the Gyzylarbat etrap of Balkan velayat, a 10 MW solar-wind power station has been prepared for commissioning. A proposal from ‘Power China’ to build a 300 MW solar power plant using preferential long-term financing is also under consideration. China remains one of Turkmenistan’s key partners in the energy sector. The parties continue to discuss joint projects in the field of ‘green’ energy.
Turkmenistan and ‘Om Office Park’ discussed ways to strengthen cooperation
30.04.2026A meeting was held at the ‘Om Office Park’ headquarters with Sapar Palvanov, Ambassador Extraordinary and Plenipotentiary of Turkmenistan to Belgium. The company’s management thanked the diplomat for his visit and the constructive dialogue, according to the IIC of Turkmenistan. The parties discussed a wide range of issues of mutual interest, noting the prospects for developing the partnership and outlining steps to strengthen it. Following the meeting, representatives of ‘Om Office Park’ expressed their readiness for active cooperation and the implementation of joint projects to develop business ties between Turkmenistan and its European partners.
GEELY presented more than 10 models at the exhibition in Ashgabat
30.04.2026At an exhibition held as part of the Turkmen-Chinese Business Forum in Ashgabat, GEELY’s official distributor in Turkmenistan – the company ‘Bereket gözbaşy’ – showcased more than 10 models from the Chinese car manufacturer. This was reported by the publication ‘Turkmenistan: Golden age’. The GEELY Monjaro crossover attracted the most interest from visitors. According to company representative Altyn Mudraya, the car is equipped with 19 airbags and is adapted to operate in extreme weather conditions – from intense heat to freezing temperatures. The company offers customers finance schemes, direct deliveries from the factory and customised specifications. Car owners are provided with a three-year warranty, a service centre in Ashgabat and a permanent stock of original spare parts.
The Turkmen-Chinese Business Forum was held in Ashgabat
30.04.2026The Turkmen-Chinese Business Forum was held at the Chamber of Commerce and Industry of Turkmenistan. Participants discussed the development of trade and economic cooperation between the two countries, according to the website AsmanNews. Five areas were considered during the plenary sessions: energy, industry and construction, transport and logistics, digital technologies, and agriculture. The parties discussed expanding cooperation in the gas chemical industry and in renewable energy – solar and wind. In the transport sector, the focus was on the ‘Revival of the Great Silk Road’ strategy and China’s ‘Belt and Road’ initiative. The Turkmenbashi International Seaport and new road infrastructure were identified as key points for the development of logistics cooperation. In the field of digital technologies, the parties expressed interest in joint projects in the field of artificial intelligence. Earlier, the Ministry of Communications of Turkmenistan and the State Committee for Development and Reform of the PRC signed a Memorandum of Cooperation in this area. The city of Arkadag was cited as an example of an advanced urban development project with a well-developed digital infrastructure. Following the forum, the participants confirmed their intention to increase trade turnover and implement joint projects.
The Turkmen-Chinese partnership has been hailed as a model of mutually beneficial cooperation
30.04.2026Rahymberdi Jepbarov, Chairman of the Board of the State Bank for Foreign Economic Affairs of Turkmenistan, spoke at a specialised forum held as part of the Turkmen-Chinese Business Forum at the Chamber of Commerce and Industry of Turkmenistan, where a plenary session was held on the state and prospects of intergovernmental cooperation. This was reported by IIC of Turkmenistan. R. Jepbarov noted the long-standing successful experience of cooperation between the countries and the dynamic development of bilateral relations, covering the economic, humanitarian and educational spheres. According to him, the modern Turkmen-Chinese partnership is an example of mutually beneficial cooperation. R. Jepbarov emphasised that the projects currently being implemented and new initiatives are helping to expand ties and form a solid foundation for the long-term development of both countries.
Huawei showcased its digital solutions at the Turkmen-Chinese Business Forum
30.04.2026Huawei is participating in a major Turkmen-Chinese exhibition at the CCI of Turkmenistan, which has become a key platform for discussing cooperation in the field of high technology. This was reported by the IIC. The company, which has been a strategic partner of the country for over 20 years, is showcasing its solutions in the field of digitalisation and the development of telecommunications infrastructure. Its main areas of work in Turkmenistan include the modernisation of 4G networks and preparations for the roll-out of 5G, the development of high-speed DWDM-based backbone data transmission networks, and support for the corporate sector through comprehensive ICT solutions. Special attention at the forum is being paid to educational initiatives: discussions are underway regarding the establishment of a Huawei ICT Academy in the country, which will enable the training and certification of specialists in the fields of cloud technologies, cybersecurity and artificial intelligence. Thus, the company’s participation reflects a shift from equipment supply towards the development of a comprehensive technological and educational ecosystem supporting Turkmenistan’s digital transformation.
Turkmenistan is actively expanding its energy capacity
30.04.2026During the Turkmen-Chinese Business Forum, Serdar Saparov, Turkmenistan’s Minister of Energy, presented an overview of the sector’s development. This was reported by the IIC of Turkmenistan. The country has 11 power stations with a total capacity of around 7,000 MW, which meets domestic demand and provides export opportunities. The implementation of the ‘Turkmenistan–Afghanistan–Pakistan’ regional project, which strengthens the country’s role in the energy sector, was highlighted. The formation of a unified ring power system has been completed due to new high-voltage lines, which has improved power distribution and grid reliability. The focus on ‘green’ energy was highlighted separately: a combined solar-wind power station with a capacity of 10 MW is already in operation.
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