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Turkmenistan continues work on development of industrial zone in country's Akhal region

Tourism Materials 7 August 2020 13:30 (UTC +04:00)
Turkmenistan continues work on development of industrial zone in country's Akhal region

BAKU, Azerbaijan, August 7

By Jeila Aliyeva - Trend:

Turkmenistan completed the repair work at 33 various production facilities located in the industrial zone of the Union of Industrialists and Entrepreneurs of Turkmenistan in Akhal region’s AK Bugday district, Trend reports with reference to the Business Turkmenistan information portal.

Furthermore, repair work is still underway at 69 production facilities in the industrial zone.

The decree for the creation of an industrial zone on the territory of the AK Bugday district was signed by President of Turkmenistan Gurbanguly Berdimuhamedov in January 2012.

The land plots in the industrial zone located on a 260-hectares area are provided on the basis of the right to use the site for agricultural, construction and other purposes, as well as by the decision of the State Commission for support of small and medium-sized businesses.

In order to stimulate the rapid growth of certain sectors of the economy and the development of export-oriented industries, the country planned to create free economic zones with preferential conditions and guarantees to attract foreign investment.

There are more than 600 enterprises in Turkmenistan, manufacturing construction materials, textiles and carpets, chemicals, metal products, furniture, pottery, glass and plastic products that are in demand on domestic and foreign markets.

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Follow the author on Twitter: @JeilaAliyeva

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