Ashgabat, Turkmenistan, May 2
By Huseyn Hasanov- Trend:
Saudi businessmen are interested in expanding their presence in the Turkmen market, Minister of Commerce and Industry of Saudi Arabia Tawfiq bin Fawzan Al Rabiah said at a meeting with Turkmen President Gurbanguly Berdimuhamedov, according to the Turkmen government's message May 2.
Al Rabiah is co-chairman of the intergovernmental Turkmen-Saudi commission on trade-economic cooperation. The minister noted the high interest of the Saudi business circles to expand their presence in the promising Turkmen market, which is due to a favorable investment climate created in the country.
The two countries mentioned fuel and energy sector, construction industry, chemical industry, transport and communications sector, financial sector among the priority areas of cooperation.
The Turkmen president also met with the head of the petrochemicals manufacturer company SABIC, Prince Saud bin Abdullah bin Thenayan Al-Saud. The sides discussed issues of cooperation in fuel and energy sector, which is strategic for economies of the both countries with significant hydrocarbon potential.
The concept of modernization of the national fuel and energy sector, building up mining and processing facilities of the industry through further development of infrastructure, introduction of innovative technologies in this field, as well as diversification principle of export supply routes of Turkmen energy resources to world markets implemented by Turkmenistan create favorable prospects for establishing business contacts
Prince Saud bin Abdullah bin Thenayan Al-Saud said that Turkmenistan, which plays a key role in the Central Asia, is perceived throughout the world as exceptionally promising and reliable partner.
Earlier it was reported that the possibility of joint investment projects were being discussed also with representatives of Saudi companies.