Japan to invest over $10 billion in Turkmenistan’s gas processing and chemical industry
Azerbaijan, Baku, Sept. 16 /Trend V.Zhavoronkova/
Major contracts and framework agreements on construction of factories for processing gas and chemical raw materials in Turkmenistan was signed as result of a three-day official visit of President of Turkmenistan Gurbanguly Berdimuhamedov to Japan, which was completed last week, the State Information Service Turkmen dovlet khabarlary reported.
According to the report, the total cost of the projects for the construction of gas and chemical plants, which will be carried out by leading Japanese companies in near future, is more than $10 billion.
During his visit the President of Turkmenistan met with Japanese Prime Minister Shinzo Abe and Emperor Akihito, attended a business forum, held talks with representatives of leading financial and business circles of Japan and the leaders of companies.
"An effective model of cooperation has been formed between Turkmenistan and Japan, which meets the spirit of the time and the equal mutually beneficial partnership," the President of Turkmenistan said, commenting on the results of the visit.
The Turkmen President said that Japanese technology will contribute to "turning Turkmenistan into an industrially developed country".
Berdimuhamedov invited Japanese companies "to join the process of industrialization of all resources and industrial potential of the country".
"Turkmenistan has plentiful natural gas reserves, and the country is extremely important from a geopolitical point of view," the head of the Japanese government said. "We would like to support Turkmenistan with our technology and qualified personnel".