ASHGABAT, Turkmenistan, June 27. The trade turnover between Turkmenistan and the UAE has grown almost 1.5 times over the past five years, Trend reports.
This was stated by Deputy Chairman of the Cabinet of Ministers of Turkmenistan, Batyr Atdayev, at the Turkmen-Emirati Business Forum held in Ashgabat city.
According to him, the UAE is currently one of the main partners among 120 countries that have trade and economic cooperation with Turkmenistan, adding that since the beginning of 2024, the trade turnover between the countries has continued to grow rapidly.
Atdayev noted that UAE companies are involved in a number of investment projects in Turkmenistan, and bilateral cooperation has a huge untapped reserve.
At the same time, the Deputy Chairman highlighted such areas for promising cooperation between the two countries as the introduction of high technologies and innovations in all spheres, the fuel and energy complex, including the development of the Galkynysh gas field, and the transnational Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.
Meanwhile, Turkmenistan and the UAE are strengthening their trade and economic cooperation through diverse initiatives, including the active development of mutual investments, the expansion of trade in various goods and services, and joint projects in the fields of energy, infrastructure, and digitalization.
Both countries strive to strengthen partnerships that promote sustainable economic growth and cooperation within the framework of international economic initiatives and organizations.