President of Turkmenistan Serdar Berdimuhamedov invited companies from the United Arab Emirates (UAE) for active cooperation in projects in the energy and gas chemical industries of the country. This was reported on Wednesday by the Neytralny Turkmenistan newspaper following the Turkmenistan-UAE business forum held in Abu Dhabi.
According to the newspaper, Berdimuhamedov recalled that Dragon Oil Company (UAE) successfully operates in Turkmenistan and invited other Turkmen enterprises to participate in the projects in the above mentioned areas, noting that Turkmenistan considers UAE companies as "the most promising partners."
"I believe we have reached a point where we really need large-scale, development-oriented joint projects that can become a driving force of economic cooperation and open new opportunities for attracting investments, creating mixed production facilities, forming a modern infrastructure system, and give impetus to the long-term, strategic, integrated Turkmenistan- UAE cooperation. To this end, we are ready to create favorable legal and organizational conditions, provide investors with the necessary support in the form of tax, customs, visa, insurance and other benefits", the Turkmen leader said.
The forum also noted the great opportunities for development of cooperation in the transport sector of the economy. In 2021, the Turkmen government and the Abu Dhabi Development Fund signed a loan agreement to finance the construction of a complex of facilities for the airport in the city of Jebel in Balkan Velayat (province). Berdimuhamedov stated his readiness to attract partners from the UAE to implement a number of other projects of transport and infrastructure systems in the country.
Also, a number of documents on cooperation were signed during the forum. Among them - the agreement between the Turkmenenergo State Electricity Corporation (Ministry of Energy of Turkmenistan) and Abu Dhabi Future Energy Company - Masdar on cooperation on development of renewable energy projects in Turkmenistan with total installed capacity of 100 MW, agreement on cooperation between the State Bank for Foreign Economic Affairs of Turkmenistan and the First Bank of Abu Dhabi and others.
GSV "Russia - Islamic World"
Photo: official website of the President of the Russian Federation
Based on materials from TASS