Ashgabat, Turkmenistan, Sept. 15
By Huseyn Hasanov– Trend:
More than $144 billion of investments directed to the basic production assets of Turkmenistan have been spent over the past quarter of a century, the country’s President Gurbanguly Berdimuhamedov said at the Council of Elders meeting.
Some 544 large production and non-production facilities have been built and commissioned, the president said, adding that the industrial sector is developing rapidly. During this period the volume of industrial production increased by more than 7 times, he noted.
Berdimuhamedov said that manufacture of deep-processed products, in particular, oil and chemicals such as polypropylene and polyethylene has been established at the complex of oil refineries.
The production volumes of construction materials are being increased, the Turkmen president said. The country annually produces more than 3.5 million tons of cement, which is 4 times more than in 1991, he added.
Over the past quarter of a century, production of electricity increased by 55.7 percent, liquefied natural gas increased by 23 times, and mineral fertilizers by 2.8 times, according to the president.
Textile industry was created in Turkmenistan, and the country’s enterprises produced 120,000 tons of cotton yarn, 209 million square meters of cotton cloth in 2015, Berdimuhamedov noted, adding that their volumes increased by 24.4 times and 7 times, respectively, compared to 1991.
In addition, production capacity of the industrial sector is being increased, which is due to the use of innovative technologies, diversification of industry infrastructure, he said.
“From a predominantly agrarian country, Turkmenistan has turned into an industrially developed state during the years of independence,” said Berdimuhamedov.
Residential buildings with total area of 35 million square meters have been commissioned, he said. Currently, each person has a total living area of 23.2 square meters, which is twice more than in 1991, according to the Turkmen president.
The volume of Turkmenistan’s foreign trade turnover has increased by more than 8 times in comparison with 1995, Berdimuhamedov added. Turkmenistan has established trade and economic ties with more than 100 countries, he said.