Turkmenistan notes interest in joint investment projects with Luxembourg companies

Turkmenistan Materials 25 March 2023 15:11 (UTC +04:00)
Khayal Khatamzadeh
Khayal Khatamzadeh
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BAKU, Azerbaijan, March 25. Turkmenistan's Ambassador to Belgium, the Netherlands and Luxembourg Sapar Palvanov held a meeting with the Director of International Affairs at Luxembourg Chamber of Commerce Cindy Tereba during which he expressed the country's interest in joint investment projects with Luxembourg companies, Trend reports with reference to the Turkmen media.

During the meeting, the diplomat made a presentation of the new city of Arkadag, which is the administrative center of the Ahal region of Turkmenistan.

Noting that Arkadag will be the first in the country to have the status of a "smart", environmentally friendly city, Palvanov invited Luxembourg companies to participate in joint investment projects using high-tech solutions in the field of digitalization and information technology.

In turn, Tereba stressed that Luxembourg is one of the leaders in the development of information technologies, and also expressed opinion that the country's companies will certainly be interested in cooperation with Turkmenistan in this area and will prepare their proposals for the management of this city.

At the same time, she noted that the Luxembourg Chamber of Commerce is actively involved in creating opportunities and tools for bilateral cooperation and is ready to assist in the entry of its companies into the Turkmen market.

The parties also came to the conclusion that it is necessary to create a platform for establishing contacts between the business circles of the two states, exploring opportunities and potentials, as well as to find the most mutually beneficial areas for investment.

One of the results of the meeting was an agreement on the organization of a round table that will bring together the heads of interested companies and financial institutions of Luxembourg, the business community and the economic bloc of Turkmenistan for more substantive discussions of counter-proposals.