Ashgabat, Turkmenistan, June 21
By Huseyn Hasanov – Trend:
In Ashgabat, Qatar Al Qamra Holding and the government of Turkmenistan signed a Memorandum of understanding on financing potential projects in Turkmenistan on June 20, a source close to the negotiations said.
The signing took place within the framework of the international conference, which was organized by the United Nations Development Program and the State Bank for Foreign Economic Affairs of Turkmenistan.
A year ago, the Turkmen bank held a presentation of major investment projects implemented in the country for the representative delegation of Qatar headed by the Director of Al Qamra Holding Hamad Saleh al Kamra. The parties paid special attention to the expansion of the domestic market, the introduction of innovations and the increase in the volume of exports of goods.
The fuel and energy complex, transport and communication sphere, and chemical and medical industry were named among the main vectors of interaction. The large-scale projects which play an important role in strengthening regional energy security and creating a powerful international transit and transport hub on the basis of Turkmenistan were presented at the meeting.
Turkmenistan is interested in the participation of large financial and investment of Qatar in the implementation of the transnational project of the Turkmenistan–Afghanistan–Pakistan–India gas pipeline (TAPI).
The construction of the Turkmen section of the Trans-Afghanistan pipeline was started in December of 2015. It is planned to supply raw materials in the annual volume of up to 33 billion cubic meters of gas from the Galkynysh field in Turkmenistan, the second largest in the world.