Construction has highest growth rate in Turkmenistan's value added
Turkmenistan, Ashgabat, March 31 / Trend H. Hasanov /
The highest growth rate of value added in Turkmenistan was observed in construction. Last year they have increased more than twice. The share of foreign investments amounted to about 30 percent, the State Information Agency of Turkmenistan said.
"This is a clear feature of foreign investors' confidence towards economic rating of Turkmenistan, as there is outflow of foreign capital and the fall in investment activity in many world countries due to global crisis", the article said.
According to the State Information Agency of Turkmenistan, investment growth is largely determined by the increase of funds to purchase equipment and technology.
About 70 percent of investments are production facilities and 30 percent - non-production sphere.
Power and water facilities, roads, educational and cultural centers, housing, communal, social and cultural facilities are under construction in accordance with the national program.
Construction companies from Turkey, France, Russia, Ukraine, Belarus, Germany, China, Malaysia, Iran and others work in Turkmenistan.
In the next two years, the official Ashgabat plans to acquire approximately $23.6 billion- investments, including foreign ones.