President: Turkmenistan pays special attention to investment inflow
Turkmenistan, Ashgabat, October 18/ Trend, H. Hasanov /
Turkmenistan pays constant attention to the permanent inflow of investments, according to the published appeal of the country's president Gurbanguly Berdimuhamedov to the members of the V International Investment Forum.
The event will last until October 19.
"This forum is a bright indicator that Turkmenistan has reached a new level of development in terms of investment activity and has a huge potential for the intensification of interaction with business circles of the world," the message said.
According to the president, thanks to the balanced investment policy based on the international and regional cooperation, Turkmenistan keeps the sustained high growth rates of economy and the positive dynamics of the harmonic internal development.
"The investment strategy pursued in our country contributes to the successful implementation of the large-scale program for the development of market relations," Berdimuhamedov said.
Turkmenistan increases the volumes of both internal financial resources and foreign capital that are directed to the diversification of oil and gas, chemical, processing and textile industries, agro-industrial complex, the further development of spheres such as construction and construction materials' industry, tourism, road construction, modernization of medical industry.
"We have created favorable conditions for the investment inflow to the national economy. Geo-economic position of Turkmenistan, its huge economic potential, the existence of the necessary production infrastructure, land resources, legislative base contribute to the creation of a favorable investment climate in our country," the appeal said.
Turkmenistan has adopted a law "On foreign investments" determining the legal basis of activity of the enterprises in the country's territory with the participation of foreign capital and its effective use.
Turkmenistan holds one of the key positions in the region for natural gas supply. Its importers are Russia,China and Iran.
Meanwhile, the country's leadership has taken a course for the diversification of economy; the spheres such as oil and gas processing, textile industry, cotton processing industry and production of construction materials develop in recent years.
The growth rates of Turkmenistan's GDP amounted to 9.9 per cent during the first nine months of 2013, while the share of industry in the total volume of GDP increased by almost seven per cent.
According to the analytic report of the Eurasian Development Bank, the growth of Turkmenistan's GDP can be expected to reach 10 percent in 2013.