Itochu evaluates prospects for business partnership in Turkmenistan

Turkmenistan Materials 23 May 2019 10:48 (UTC +04:00)

Ashgabat, Turkmenistan, May 23

By Huseyn Hasanov – Trend:

President of Turkmenistan Gurbanguly Berdimuhamedov received Yoichi Kobayashi, Vice Chairman of Japan’s Itochu Corporation, Trend reports referring to the local Altyn Asyr TV channel.

An exchange of views took place on the prospects for partnership, which has an impressive diverse potential, taking into account the course by Turkmenistan to industrialize and diversify the national economy, the report says.

Kobayashi reaffirmed the desire of Japanese business circles to expand their presence in the Turkmen market and to take part in the implementation of large-scale reform programs launched in the country.

The impulse to Turkmen-Japanese business partnership was given by the official visit of Japanese Prime Minister Shinzo Abe to Turkmenistan in October 2015, during which memoranda were signed in the areas of development of natural resources and the transport infrastructure of Turkmenistan.

Agreements on a number of projects worth $18 billion were also concluded. Japan then expressed its desire to participate in projects to develop the industrial infrastructure of Turkmenistan’s biggest gas field Galkynysh. Several major infrastructure projects have already been implemented with the participation of Japanese companies in Turkmenistan.