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Turkmenistan diversifying national economy

Business Materials 14 September 2018 12:43 (UTC +04:00)

Ashgabat, Turkmenistan, Sept. 14

By Huseyn Hasanov – Trend:

On Sept. 18-20, Ashgabat will host an exhibition of economic achievements of Turkmenistan, traditionally held on the eve of the country’s Independence Day (Sept. 27), the Chamber of Commerce and Industry of Turkmenistan, the event’s organizer, said in a message.

The exhibition will be dedicated to diversification of the Turkmen national economy, import substitution and export growth, as well as the accelerated modernization of production, the message said.

The exhibition will feature such sections as energy, industry, oil and gas, construction, transportation, communications, textile industry, chemical industry, agro-industrial complex and medical industry.

Turkmenistan, according to a BP report, ranks fourth in terms of gas reserves and at this stage exports it to China and Iran.

Turkmenistan is in the process of diversifying its local economy. The country's textile, oil products, chemical and construction materials industries are actively developing.

Turkmenistan is carrying out industrialization aimed at increasing the production of import-substituting products and developing exports.

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