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Turkmenistan signs protocol on intentions with Arab financial institutions

Business Materials 19 December 2009 16:21 (UTC +04:00)

Turkmenistan, Ashgabat, Dec.19 / Trend , H.Hasanov /

Turkmen Government signed a protocol on intentions with the Islamic Development Bank, Saudi Fund for Development, Kuwait Fund for Arab Economic Development, OPEC Fund for International Development and Abu Dhabi Fund for Development.

"This document has become next evidence of the high interest of foreign business circles in increasing cooperation with Turkmenistan, the country with solid economic potential," the participants of Ashgabat meeting said.

According to Altyn Asir national TV channel, the Turkmen side has offered a package of investment projects in industries such as chemical industry, transport and communication infrastructure, water and agriculture, health, tourism.

"These projects caused great interest among foreign partners who expressed willingness to participate in their realization," said the statement.

IDB announced its participation in financing the project on building a railway line north-south (Turkmenistan-Iran-Kazakhstan), which will provide the shortest route to the Persian Gulf ports in June this year.

Turkmenistan plans to hold international investment forum in the UAE in early 2010.

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