German companies participate in dev't of Turkmenistan’s various economy sectors

Business Materials 30 September 2020 09:44
German companies participate in dev't of Turkmenistan’s various economy sectors

BAKU, Azerbaijan, September 30

By Jeila Aliyeva - Trend:

German companies participate in the development of various sectors of Turkmenistan’s economy, Trend reports with reference to the Ministry of Foreign Affairs of Turkmenistan.

The discussions were held during a videoconference between Deputy Foreign Minister of Turkmenistan Vepa Hadjiev and Commissioner of the German Foreign Ministry for Eastern Europe, the South Caucasus, and Central Asia Michael Siebert

The parties exchanged views on the development of cooperation in the energy sector, in the field of transport.

Also, the participants emphasized the effectiveness of interaction within international organizations, in particular within the UN and the EU.

The effectiveness of cooperation in the field of environmental security, in particular within the framework of the Green Central Asia initiative, was noted.

Also, the parties discussed cultural and humanitarian cooperation, considered the possibilities of developing joint projects in the field of archeology, and also stressed the effectiveness of cooperation in the field of education.

Earlier, a source in the German Ministry of Foreign Affairs told Trend that there is potential for further investment by German firms in Turkmenistan in the diversification of the Turkmen economy and modernization projects.

Germany may also invest in Turkmen sectors dealing with climate change, environment, and water management, the representative added.

"There are about 50 German companies active in Turkmenistan," said the ministry.
German companies such as Siemens, Daimler, Rohde & Schwarz, Dresser-Rand, MAN, Bosch, and others make a significant contribution to the implementation of long-term projects in Turkmenistan, the source noted.

Follow the author on Twitter: @JeilaAliyeva