Turkey will ease restrictions on Turkmen entrepreneurs for their investments in Turkey, Development Minister Cevdet Yýlmaz said yesterday during The Fifth International Investment Forum of Turkmenistan held in Istanbul. The move will aim to boost two-way investments with Turkmenistan, as Turkey’s contractors already make up the largest portion of all worldwide investments in Turkmenistan, at 19 percent.
“The investments that will be made by our Turkmen brothers are as important as Turkish entrepreneurs’ investments in Turkmenistan. We consider their investments as our own and we will assure all easiness,” Yýlmaz said, stressing that Turkey would allow Turkmen investors to benefit from the rights and incentives that local investors benefit from.
$32 bln worth investment
He noted that the total investment value of Turkish firms in Turkmenistan had reached $32 billion with 808 projects, adding that Turkish contractors’ investment volume was worth around $245 billion since 1972.
Turkish President Abdullah Gül stressed that a Turkish firm (Polimeks) had won the tender for the International Ashgabat Airport in Turkmenistan, worth $2.2 billion. The trade volume between Turkey and Turkmenistan is also approaching $2 billion, aside from Turkish contractor’s investments, he added. “Turkmenistan, which boasts an 11 percent growth rate average over the last five years, has the fourth richest natural gas resources in the world,” he said.
Turkmenistan President Gubanguli Berdimuhamedov stated that his country attached importance to taking advantage of foreign investments that contributed to their country’s development. “This forum gives an opportunity to investors to finance important projects in our country and to use mutual interest and cooperation possibilities,” he said.
Turkmenistan Finance Minister Dovletgeldi Sadykov said the country was set to make investments worth $70 billion as part of its 2012-2016 Development Program, adding that many state-run enterprises’ would be privatized.
- ASIAROC commits to providing humanitarian aid
- ASIAUN chief calls for stronger cooperation from Southeast Asian countries to tackle global crises
- ASIAPM condemns attack on Akram Durrani's convoy
- ASIAUN urges concerted action to create world where women, girls live free from violence
- ASIAPakistan urges humanitarian approachto resolve refugee crisis;Denialof asylum toMuslims morallywrong
Most Viewed News
- 1RUSSIAN JET DOWNINGChina’s attitude towards Turkey's downing of a Russian fighter jet
- 2RUSSIAN JET DOWNINGWhile Turkey protects its borders, Putin says “we were stabbed in the back”
- 3RUSSIAN JET DOWNINGPentagon: Russian pilot did not respond Turkish warnings
- 4ASIAChina urges coordination after Turkey downs Russian jet
- 5RUSSIAN JET DOWNINGTurkey shoots down Russian jet for airspace violation near Syrian border