Japan implementing major investment projects in Turkmenistan
ASHGABAT, Turkmenistan, Oct. 23
By Huseyn Hasanov– Trend:
Turkmen President Gurbanguly Berdimuhamedov met in Tokyo with heads of Japan’s ITOCHU, Sojitz, Mitsubishi and Kawasaki companies, Trend reports referring to the Turkmen government.
As of Oct. 1, 2019, 37 investment projects with the participation of Japanese companies for a total of $12 billion were registered in Turkmenistan, according to the report.
Heads of influential corporations noted at the meeting that Japanese business is observing economic transformations in Turkmenistan with great interest and welcomes innovative steps in terms of creating the most favorable conditions and effective, flexible mechanisms to attract foreign investments in the country, the report said.
The Turkmen president noted that the construction of new high-tech and knowledge-intensive facilities is envisaged in the country. In this context, such areas as the oil and gas industry, electric power industry, transport and communications, water management and the textile complex were highlighted.
Great prospects in joint work with Japanese facilities are also observed in the implementation of innovative projects to create facilities in Turkmenistan in the fields of electronics, computer and logistics services, the Turkmenistan State News Agency reported.
Turkmenistan will continue to purchase Japanese earthmoving, road construction and automotive equipment.
The Turkmen president reminded that in October 2015, during the visit by Japanese Prime Minister Shinzo Abe to Ashgabat, it was agreed to significantly increase the number and financial parameters of such projects.
The meeting was attended by the heads of a number ministries and departments, including those in the construction sector, financial system, energy, chemical industry, transport sector, water management, as well as representatives of the Turkmen Union of Industrialists and Entrepreneurs.