Economy
Turkmen Delegation Discusses Expansion of Trade Cooperation with Libya
12.06.2026A Turkmen business delegation paid an official visit to Libya. The delegation included representatives of the Union of Industrialists and Entrepreneurs of Turkmenistan, executives of textile enterprises, and staff members of the “Hasar” organization. This was reported by the news website Turkmenportal. The visit was accompanied by Libya’s Ambassador to Turkmenistan, Mahmoud A.M. Hasan. The delegation’s first stop was Misrata, where its members visited the Free Economic Zone and held talks with representatives of local authorities and the business community. The parties discussed prospects for trade and economic cooperation as well as the development of logistics links. On June 9, the delegation arrived in Tripoli, where Turkmen manufacturers presented their products to Libyan partners. Textile products, including denim goods, attracted the greatest interest. The visit was aimed at strengthening trade and economic relations between Turkmenistan and Libya, as well as promoting Turkmen products in the markets of North Africa.
Turkmenistan and IDFC discuss infrastructure projects
11.06.2026A meeting was held at the Ministry of Railway Transport of Turkmenistan with a delegation from the U.S. International Development Finance Corporation (IDFC), headed by Chief Policy Officer Caroline Vic. This was reported by IIC. The talks were attended by the Minister of Railway Transport of Turkmenistan M. Akmamedov and, via video link, the head of the State Service of Maritime and River Transport A. Shanazarov. The parties discussed cooperation in the transport sector and opportunities to attract investment for the implementation of infrastructure projects. Representatives of Turkmenistan highlighted the country’s importance as a key link in international transport and transit corridors and emphasized prospects for expanding cooperation in the field of logistics. Following the meeting, participants confirmed their interest in further developing economic cooperation and continuing dialogue on promising areas of partnership.
Cooperation between Turkmenistan and the Republic of Korea in textiles reaches a new level
10.06.2026The textile industry is one of the most important sectors of Turkmenistan’s economy. Leveraging the potential of cotton production, the country is increasing output of high value-added products and expanding international cooperation, including with the Republic of Korea, which possesses advanced technologies in this field, according to the news agency Orient. In recent years, interaction between the two countries has significantly intensified. Cooperation covers not only trade, but also technology exchange, workforce training, modernization of enterprises, and promotion of products to foreign markets. Collaboration with Korean companies has been developing since 2009, while a new stage began in 2023 with the launch of the “TASK” project implemented by the Korea Institute of Industrial Technology (KITECH). The initiative is aimed at providing technical support to Turkmen textile enterprises and introducing modern production solutions. An additional confirmation of the strengthening partnership was the participation of the Korean side in the “Turkmentextile Expo-2026” exhibition in Ashgabat, where KITECH presented a dedicated stand for the “TASK” project. Practical cooperation is also developing through mutual visits. In 2024, a Turkmen delegation visited the KISCO enterprise in Incheon, becoming familiar with the company’s modern production technologies and environmental solutions. Earlier, in 2023, Turkmen entrepreneurs participated in the “Korea Import Fair” in Seoul. Overall, the partnership between the two countries in the textile sector goes beyond trade, encompassing technological exchange and production modernization. The combination of Turkmenistan’s cotton potential and the Republic of Korea’s technological expertise creates a foundation for further industry development and enhances the competitiveness of Turkmen textiles on the global market.
Turkmen market attracts entrepreneurs from Turkey during exchange trading
08.06.2026On June 6, during exchange trading on the external market, entrepreneurs from Turkey concluded deals with Turkmen suppliers for the purchase of first-grade refined cottonseed oil. This was reported by the press service of the State Commodity and Raw Material Exchange of Turkmenistan. On the domestic market, agreements were also recorded between Turkmen entrepreneurs and the State Association of the Food Industry of Turkmenistan for the supply of first-grade refined cottonseed oil. In addition, contracts were signed with the State Concern “Turkmenpagta” for the purchase of cotton fiber. In total, five transactions were concluded worth 97 million manats and 600 thousand US dollars. The deals covered both the domestic market and external export directions, including participation from Turkish companies.
“USPA” showcased polo equipment at an exhibition in Ashgabat
08.06.2026The official representative of the “U.S. Polo Assn.” (USPA) in Turkmenistan presented professional horse polo equipment for the first time at the “Turkmentextile Expo-2026” exhibition. This was reported by the news website Turkmenportal. The stand featured a full set of gear, including a protective helmet, a leather saddle, bamboo mallets, knee pads, and high boots. According to brand representative Sabina Guseynova, the collection is not yet available for sale, but the company plans to further develop this product direction. The company also noted stable sales in Ashgabat and strong visitor interest in its clothing, particularly men’s shirts, sports trousers, and children’s lines. Founded in 1890, “U.S. Polo Assn.” is the official brand of the United States Polo Association. More than 100 companies are participating in the exhibition, representing the textile industry, design, raw material processing, and other segments of light industry.
Ashgabat will host meeting of the Turkmenistan–Azerbaijan Economic Cooperation Commission
08.06.2026The next meeting of the Intergovernmental Commission on Economic Cooperation between Turkmenistan and Azerbaijan takes place on July 7–8 in Ashgabat. Deputy Chairman of the Cabinet of Ministers of Turkmenistan Nokerguly Ataguliyev announced this at a reception marking Azerbaijan’s Independence Day, according to “Business Turkmenistan”. According to the Embassy of Azerbaijan in Turkmenistan, preparations for the meeting already continue. Ataguliyev stressed that the commission remains a key instrument in the development of bilateral relations, ensuring coordination and implementation of joint decisions. Priority areas of cooperation include trade, transport and logistics, energy, agriculture, industry and technology.
“Aýdyň gijeler” will produce 1.5 million ID cards and more than 500,000 passports for Eswatini
08.06.2026Turkmen company “Aýdyň gijeler” will implement a major project in the Kingdom of Eswatini to produce national ID cards and biometric passports. This was announced by the company's branch director, Chary Myradov, in an interview with the newspaper “Neutral Turkmenistan”, as reported by the news website Turkmenportal. According to him, following a working visit by the company’s delegation to Eswatini in January 2026, the parties reached an agreement on cooperation in the field of document production. The project envisages the manufacture and delivery of 1.5 million national identification cards and more than 500,000 biometric passports. To implement the initiative, the company will be allocated a 4-hectare land plot where a production facility will be established. The project is expected to create new jobs and support the country’s economic development. Founded in 2016, “Aýdyň gijeler” is one of Turkmenistan’s leading high-tech enterprises, producing a wide range of electrical and electronic products.
UAE Ambassador discussed cooperation with Turkmen companies
07.06.2026The Ambassador of the United Arab Emirates to Turkmenistan, Ahmed Al-Hameli, held meetings with representatives of Turkmen businesses operating in the heavy machinery and agricultural equipment sectors, according to IIC. During talks with the management of the company “Dag Etek,” the parties discussed prospects for cooperation in the supply and operation of heavy machinery and lifting cranes, as well as opportunities for implementing joint projects. A separate meeting was held with the head of the company “Oguz,” which specializes in supplying agricultural tractors, heavy equipment, and buses. Participants considered the expansion of business contacts and the development of partnerships. According to reports, the meetings were aimed at strengthening cooperation between the private sectors of Turkmenistan and the United Arab Emirates, as well as identifying new areas of collaboration in the industrial and agricultural sectors.
Turkish entrepreneurs concluded deals with Turkmen counterparts
06.06.2026On June 5, during exchange trading on the foreign market, entrepreneurs from Turkey concluded deals with Turkmen entrepreneurs to purchase textile products. This was reported by the press service of the State Commodity and Raw Materials Exchange of Turkmenistan. On the domestic market, Turkmen entrepreneurs concluded deals with the Ministry of Textile Industry of Turkmenistan for the purchase of cotton yarn and first-grade refined cottonseed oil. As a result of the trading session, 9 deals were concluded for a total amount of 55 million manats and 24 thousand US dollars.
Turkmenistan Advances AI and Builds New Digital Corridors
06.06.2026At the SPIEF 2026 session, “Digital Future: Common Development Vectors, Challenges and Solutions,” Turkmenistan’s Minister of Communications, Hajymyrat Khudaygulyyev, presented the country’s plans for the development of artificial intelligence. This was reported by the Orient news agency. He announced the establishment of an Artificial Intelligence Competence Center within Turkmentelecom, which will focus on research, support for national digital priorities, and the training of specialists. Joint pilot projects with international partners were also announced in the fields of transport and logistics, oil and gas forecasting, and water resource management in agriculture. The minister noted that the capacity of international internet channels has increased tenfold over the past three years, a development expected to accelerate the growth of digital services and cross-border data exchange. Key focus areas include artificial intelligence, big data, blockchain, and cybersecurity. In addition, several infrastructure initiatives were presented, including the Serhetabat–Herat fiber-optic line and a submarine cable across the Caspian Sea, which are expected to strengthen digital connectivity between Europe and Asia.
Cevdet Yılmaz highlighted the potential for cooperation between Turkmenistan and Turkey
05.06.2026Vice President of the Republic of Turkey Cevdet Yılmaz visited the International Exhibition-Fair “Turkmentextile Expo – 2026”, held in Ashgabat. In a conversation with media representatives, he noted the high level of Turkmen-Turkish cooperation and outlined promising areas of interaction, according to the publication “Turkmenistan: Golden Age”. According to Cevdet Yılmaz, Turkmenistan is a friendly and strategic partner for Turkey. He emphasized that bilateral relations continue to develop on the basis of shared historical, cultural, and economic ties. One of the key areas of cooperation, the Turkish Vice President said, is the development of transport, logistics, and energy projects. In particular, he referred to the Trans-Caspian International Transport Route (the “Middle Corridor”), which is seen as an important tool for expanding trade relations between Asia and Europe. Special attention was paid to energy cooperation. The Turkish side noted the importance of projects for supplying Turkmen natural gas to the Turkish market and, through its territory, to European markets. Speaking about trade and economic cooperation, Cevdet Yılmaz said that the volume of mutual trade between the two countries amounted to 2.2 billion dollars last year. According to him, the parties aim to increase this figure to 5 billion dollars. He noted that the “Turkmentextile Expo – 2026” exhibition contributes to the development of business contacts and the expansion of cooperation between entrepreneurs of the two countries. It was also noted that the volume of Turkish investments and construction contracts in Turkmenistan has reached 56 billion dollars. Turkish companies continue to participate in the implementation of infrastructure projects in the country. The Vice President of Turkey separately highlighted the development of the city of Arkadag, emphasizing its importance as a modern project in urban planning and digital technologies.
Italian technologies will be showcased at “TurkmenTextile Expo 2026”
30.05.2026The arrival in Ashgabat of leading global textile machinery developers, who form the technological backbone of major industries in Europe, Türkiye, India and China, is elevating the upcoming industry forum to a high international level, according to the news agency Orient. With the support of the Embassy of Italy, the Italian Trade Agency and a relevant industry association, a large-scale national Italian exhibition will take place at “TurkmenTextile Expo 2026” in June. Italy is traditionally a leader in industrial engineering solutions. The participation of the Italian pavilion highlights the growing role of Ashgabat as an important hub for attracting investors, industrial capital and manufacturers of high-tech products. Within the exhibition, specialists will be able to explore solutions from leading industry brands. Participants include Marzoli (spinning equipment), Savio (spinning automation), Itema (next-generation weaving looms), Stalam (high-frequency material processing), Mesdan (quality control and laboratory testing), and Color Service (robotic dosing systems and dyeing automation). Their technologies combine digital precision, energy efficiency and environmental sustainability. The “TurkmenTextile Expo 2026” will take place from June 4 to 6 and will cover the entire textile production cycle—from fiber processing to the production of clothing, footwear and home textiles, as well as the supply of components, chemicals and accessories. The forum will serve as a key platform for showcasing the export potential of Turkmenistan’s textile industry, concluding contracts and discussing prospects for regional market development. The participation of the Italian exhibition is expected to add significant commercial impact and open opportunities for the modernization of production based on European technologies.
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