Turkmenistan hosts int’l investment forum
Turkmenistan, Ashgabat, Oct. 19 / Trend H. Hasanov /
The International Investment Forum of Turkmenistan is being held in the Caspian Avaza these days (Oct. 18-19). It is a platform for an open dialogue with potential foreign investors, the organizers of the event - the Turkmen Chamber of Commerce and Summit Trade Events Ltd company (Great Britain).
"This is a unique opportunity for investors from all over the world to meet with leadership, specialists of main industrial spheres of Turkmenistan, foreign VIP- guests, diplomats accredited in Turkmenistan and ask them about Turkmenistan's development and the opportunities for investment in the economic sectors," the statement said.
The purpose of the forum is to highlight the investment opportunities for the development of the national economy, effective international partnership and informing the forum participants about the government policy, a strategy of promoting the foreign direct investments and the current state of the business climate in Turkmenistan.
The Investment Forum focused on discussing the issues in the following sectors: agriculture, banking and financial services, chemical industry, communications, construction, health, infrastructure, production, minerals, oil and gas, energy, renewable energy sources, textile industry and transport.
Around 200 delegates from more than 20 world countries attended the forum. The representatives of international financial institutions, including the International Finance Corporation (IFC), the Islamic Development Bank (IDB), the International Development Bank of Japan and others were invited for the event.
Turkmenistan focuses more on direct investments that serve to create additional production demand in the domestic market, contributing to the stabilization of the financial and economic situation.
According to the official figures as of July 2013, Turkmenistan is constructing 1,865 facilities and is mastering investments worth more than $ 41 billion. Around $13 billion of the total amount is being mastered by local construction companies.