Economy
A large medical cluster is being built in the Turkmen city of Arkadag
17.08.2025As part of the second phase of construction of the ‘smart’ city of Arkadag in southern Turkmenistan, work is continuing on the construction of a large industrial complex, the centrepiece of which will be a modern medical cluster. Oguljahan Atabayeva, Vice-President for Medical Activities of the Gurbanguly Berdimuhamedov Charitable Foundation for Assistance to Children in Need of Guardianship, familiarised herself with the progress of the work and listened to a report from the Chairman of the State Committee for City Construction. This was reported by IIC. The construction project provides for the creation of a multifunctional production centre where medicines, medical equipment and consumer goods, including baby food, personal protective equipment and other products, will be developed and manufactured. Particular attention is being paid to the use of local raw materials, which will ensure the environmental friendliness of the products and their competitiveness on the market. The cluster's management company has already received international quality certificates, and the ‘Arkadag Medisina Klasteri’ trademark has been officially registered with the World Intellectual Property Organisation. The cluster's capabilities will soon be presented at the Kids EXPO international exhibition in Ashgabat. The project is being implemented as part of the ‘Saglyk’ state programme and is part of the strategy to develop high-tech and import-substituting industries in Turkmenistan. The finished products will be sold both on the domestic market and for export.
The international seaport of Turkmenistan is increasing its cargo turnover
16.08.2025The international seaport of Turkmenbashi continues to increase its cargo turnover, confirming its strategic role in transport and logistics links between Asia and Europe. According to the results of the first half of 2025, the total cargo turnover of the port amounted to 4 million 209.5 thousand tons, including 2 million 608 thousand tons of cargoes arriving at dry cargo berths and 1 million 601.5 thousand tons of petroleum products. This was reported by the IIC. At the same time, the volume of export cargo traffic reached 2 million 91.68 thousand tonnes, imports - 620.803 thousand tonnes, and transit - 569.605 thousand tonnes. The main destinations for cargo traffic remain Russia, Turkey, Uzbekistan, Azerbaijan, Georgia and Kazakhstan. Improvements to the logistics infrastructure and the introduction of digital document management technologies are helping to increase the port's efficiency. These measures create favourable conditions for customers and strengthen the transport and logistics potential of the entire region.
Entrepreneurs from Kyrgyzstan purchased cotton yarn from Turkmenistan
16.08.2025On 15 August, entrepreneurs from Kyrgyzstan signed agreements with Turkmen businessmen on the purchase of cotton yarn on the foreign market. This was reported by the press service of the SCRMET. As a result of the negotiations, two deals were concluded for a total amount of US$1.1 million. The deals are seen as part of strengthening trade and economic ties and expanding export and import operations in the textile industry.
Turkmen businessmen invited to oil and gas exhibition in Pakistan
16.08.2025Turkmen companies are inviting participants to the international exhibition ‘Oil & Gas Asia 2025’, which will be held from 23 to 25 August at the Karachi Expo Centre (Pakistan). This was reported by the online publication ‘Business Turkmenistan’. The exhibition will cover all areas of the oil and gas industry, from geological exploration and drilling to processing, logistics and environmentally friendly technologies. The event will feature seismic exploration systems, pumps, compressors, oil processing, filtration and well control equipment. Participation in the exhibition will allow companies to showcase their products, establish international contacts, exchange experience and attract investment in the regional oil and gas sector.
Afghan entrepreneurs have signed deals with ‘Türkmengaz’ worth $1.87 million
15.08.2025On 14 August, two deals were signed on the foreign market between Afghan businessmen and the State Concern ‘Türkmengaz’ for the supply of liquefied gas. This was reported by the press service of the SCRMET. The total value of the contracts amounted to 1.87 million US dollars. These deals strengthen Turkmenistan's position in the regional energy market and contribute to the development of trade relations with Afghanistan.
OGT 2025 in Turkmenistan will welcome over 100 foreign delegates
15.08.2025More than 100 foreign delegates, including representatives of government agencies, major energy companies and investors, will take part in the 30th International Conference and Exhibition ‘Oil and Gas of Turkmenistan – 2025’ (OGT 2025), which will be held from 22 to 24 October in Ashgabat. This was reported by the online publication ‘Business Turkmenistan’. All places at OGT Expo have been booked in advance, which underscores the global business community's interest in Turkmenistan's hydrocarbon and clean energy sectors. The programme will open with a plenary session on ‘Shaping the Future of Global Energy in the International Year of Peace and Trust – Innovation, Energy Transition, and Strategic Cooperation’, followed by discussions on infrastructure, the development of the ‘Galkynysh’ field, the TAPI project, the development of petrochemicals, methane emissions reduction, hydrogen energy and innovative financing. The organisers note that OGT 2025 will not only showcase the industry's achievements, but also serve as a platform for strengthening strategic cooperation in Eurasia.
Businessmen of Turkmenistan are invited to the international exhibition ‘Plastics Industry’
15.08.2025Business representatives from Turkmenistan are invited to participate in the 15th International Exhibition ‘Plastics Industry - Plastex Uzbekistan’, which will be held in Tashkent from 23 to 25 September 2025. This was reported by the IIC. The exhibition will be a large-scale platform for presenting modern technologies, equipment and engineering solutions in the field of plastics and polymer materials production. Starting this year, the event will be held in a combined format with the 4P Central Asia exhibition, covering the printing, packaging, plastics and polymer industries. This approach will allow participants to explore current trends, raw materials and components in several related areas at once. Visitors and participants will be able to showcase their latest developments, explore products from local and foreign companies, and establish business contacts with industry representatives from different countries.
Turkmenistan participates in financial security programme
14.08.2025Representatives of Turkmenistan are participating in the 'New Generation 2025' training course for young financial intelligence officers, which is being held in Moscow. This was reported by the news agency Orient. The programme is organised by Federal Financial Monitoring Service, Rossotrudnichestvo and the International Educational and Methodological Center for Financial Monitoring. Over the course of five days, participants will exchange experiences and improve key competencies for the upcoming round of mutual evaluations. The programme includes visits to the Bank of Russia, the Federal Tax Service and VTB, as well as participation in seminars, master classes and round tables. A business game on FATF/EAG assessments, a round table on international information exchange and a case study on the freezing of assets related to terrorism have already taken place. As part of the cultural programme, participants laid flowers at the Eternal Flame in Alexander Garden. The participation of Turkmen specialists in such initiatives strengthens the national financial security system and develops international cooperation.
The EU emphasises Turkmenistan's role in diversifying gas supplies
11.08.2025The European Commission has noted Turkmenistan's potential for diversifying gas supplies to the EU via the Southern Gas Corridor. This was reported by the online publication ‘Business Turkmenistan’. Energy cooperation between the parties is governed by a 2008 memorandum covering energy security, infrastructure, renewable energy sources and energy efficiency; a bilateral working group has been set up for dialogue. Decisions on infrastructure projects are taken by national authorities and companies. Turkmenistan's Ambassador to the Russian Federation, Esen Aydogdyev, previously emphasised that the country's neutral status helps to diversify energy export routes.
Turkmenistan and Uzbekistan intend to increase mutual trade turnover to $2 billion
10.08.2025Turkmenistan and Uzbekistan intend to increase mutual trade turnover to $2 billion. This issue was discussed at the Third UN Conference on Landlocked Developing Countries. This was reported by the online publication ‘Business Turkmenistan’. The parties agreed to sign an agreement soon on the creation of a border trade zone between Shavat (Khorezm region) and Dashoguz (Dashoguz velayat) and to launch it in the near future. In 2024, trade turnover between the two countries reached $1.15 billion, and in the first six months of 2025, it amounted to approximately $500 million.
Turkmenistan and Azerbaijan increase mutual trade volume
10.08.2025Between January and June 2025, trade turnover between Turkmenistan and Azerbaijan amounted to US$140.2 million, equivalent to 0.57% of Azerbaijan's total foreign trade turnover. This was reported by the news website Asmannews. Over the six months, exports of Azerbaijani goods to Turkmenistan reached $30.3 million, while imports from that country amounted to $109.8 million. Supplies of non-oil products from Azerbaijan to Turkmenistan during the reporting period amounted to $29.5 million, which corresponds to 1.68% of the country's total non-oil exports. According to this indicator, Turkmenistan ranked 10th among the key importers of non-oil products from Azerbaijan.
Turkmenistan leads the Asian Development Bank's border crossing efficiency ranking
10.08.2025The Asian Development Bank has published the results of the Cross-Border Trade and Transport Facilitation Index (CBTTFI), in which Turkmenistan's border crossing points demonstrated impeccable performance. According to the report, Turkmen border crossing points received the maximum score of 100% in the key category of ‘transport regulation’. This was reported by the online publication AsmanNews. The study covered six border crossing points in five countries in the region. Other participants included the Azerbaijani crossing point ‘Qırmızı Körpü’, which showed 71% overall efficiency, the Uzbek crossing point ‘Yallama’, which ranked with a total score of 77%, and the Pakistani ‘Torham’, which stood out for its best results in coordinating customs procedures (88%) and supporting transit operations (82%). ADB experts emphasise that Turkmenistan's performance in these areas strengthens its strategic position in the development of regional trade routes and transport and logistics cooperation. The data obtained is particularly important for optimising international freight transport and further integration of transport systems in Central Asia. The bank's report testifies to Turkmenistan's significant progress in establishing an effective border control and customs administration system, which contributes to improving the business environment and investment attractiveness of the country.
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