BAKU, Azerbaijan, Oct.11
Trend:
Turkmenistan and the UAE signed a number of agreements and memorandums in the field of investments, ports and energy, Trend reports citing the NEBIT-GAZ newspaper.
The signing ceremony took place after the meeting of President of Turkmenistan Gurbanguly Berdimuhamedov with Deputy Prime Minister, Minister of Presidential Affairs of the UAE Sheikh Mansour bin Zayed Al Nahyan at the headquarters of Expo 2020 Dubai.
Al Nahyan highly appreciated the signing of bilateral documents, stressing the importance of expanding the opportunities for partnership between the two countries.
During the meeting, the state of relations between the countries, as well as a number of other issues of mutual interest were discussed.
The package of signed documents includes a memorandum of understanding in the field of port operations and logistics between one of the world's largest port operators DP World (Dubai Port World) and the international seaport of Turkmenbashi.
Moreover, a loan agreement was signed between the government of Turkmenistan and the Abu Dhabi Development Fund to finance a project to create a chemical plant for the production of mineral fertilizers in Turkmenabat city.
Another signed agreement envisages establishing of a joint investment company in Turkmenistan between the Abu Dhabi Development Fund and the State Bank for Foreign Economic Affairs of Turkmenistan.
Turkmen Vnesheconombank also signed a Memorandum of Understanding with the Dubai Economic Development Department.
The Memorandum of Understanding was signed between the "Turkmenenergo" State Electric Power Corporation and Abu Dhabi Future Energy Company PJSC - Masdar.
Another memorandum was signed between the government of Turkmenistan and Nasdag Dubai Limited.