President: Turkmenistan interested in foreign capital
Turkmenistan, Ashgabat, Nov. 3 / Trend H. Hasanov /
Turkmenistan is paying special attention to the issue of attracting foreign capital, Turkmen President Gurbanguly Berdimuhamedov told delegates at an international investment forum that opened in Ashgabat on Thursday.
"The investments are considered not only as additional resources from foreign countries, but also as the introduction of advanced technologies in the economy and national staff training," the message said. "This combined factor is the most important source of being able to create a highly developed national economy."
The recent adoption of the Turkmen law on foreign investments determined the legal base covering such activity in the country. It focused on attracting foreign investments to Turkmenistan and its effective use.
The issues of cooperation in oil and gas, chemical and power industries, transport and communications, construction, agricultural and textile industries as well as the financial banking and tourism industries will be discussed with foreign investors.
Turkmenistan is also implementing the 'National programme of Turkmenistan's socio-economic development for 2011-2030'.
This programme provides for implementation of a national economic model. It will enable rapid development and modernisation of the country's manufacturing base and increased competitiveness in the world markets.
President Berdimuhamedov stressed that the current investment policy contributes to the successful application of a large-scale programme to develop market relations.
Turkmenistan will also pay special attention to its industrial sector where it was reported that more than 2000 facilities worth nearly $48 billion are being constructed in the country.