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Economy of Turkmenistan in the world

According to the goals of the “Revival of a new era of a stable state: the National Program for the Socio-Economic Development of Turkmenistan for 2022-2052” and the “Program of the President of Turkmenistan for the Socio-Economic Development of Turkmenistan” of the country in 2022-2028,” the policy of neutrality of Turkmenistan is of global strategic importance. As a tool, it is aimed at further developing cooperation with countries of the world and the region, as well as with authoritative international organizations. Diversification of the national economy of the state, the introduction of high technologies and digitalization processes into the system provide a powerful impetus for active participation in the global economic space and world economic relations.

Turkmenistan attaches great importance to cooperation with various countries of the world in high-tech industries, the introduction of modern advanced knowledge and management solutions in the context of a rapidly developing national economy. With the adoption of medium-term and long-term government programs, Turkmenistan is provided with developed capacities in the electric power industry, oil and gas production, oil refining, chemical and petrochemical industries, mechanical engineering and iron processing, production of building materials, light and food industries. The fields of the Turkmen part of the Caspian Sea are being developed jointly with foreign partners. The fields in the Turkmen part of the Caspian Sea are being developed jointly with foreign partners. Construction of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline continues. This new energy bridge will ensure long-term transportation of Turkmen natural gas to large countries in South Asia, and will serve as a powerful impetus for the socio-economic development of the entire region, business cooperation and the strengthening of peace. The transport and logistics strategy implemented by Turkmenistan is rooted in ancient times - the Great Silk Road. Today Turkmenistan is implementing transit transport projects in the North-South and East-West directions. Turkmenistan-Azerbaijan-Georgia-Turkey, Uzbekistan-Turkmenistan-Iran-Oman-Qatar and TRACECA are actively involved in the creation of international transport corridors. In addition, projects were implemented for the construction of road and railway bridges across the Amu River, international airports in Ashgabat, Turkmenbashi, Turkmenabat, Kerki, and an international seaport in Turkmenbashi. Turkmenistan is guided by strategic objectives and program documents in clearly defined areas, is committed to continuing comprehensive mutually beneficial trade and economic relations with foreign countries, international and regional economic and financial organizations and institutions, and is intensifying efforts to solve existing problems. in this area. Policy to strengthen relations with the Organization for Economic Cooperation and Development, the International Monetary Fund, the World Bank Group, the European Bank for Reconstruction and Development, the Asian Development Bank, the Islamic Development Bank and other financial and economic entities. active cooperation is underway. The efforts made in the foreign economic system are aimed at strengthening the country’s position in world economic relations, developing new markets and increasing export opportunities and foreign investment, exporting Turkmen goods and services to the world market, making full use of the capabilities of international and regional economic and financial organizations. It is also aimed at to create a positive image of the country before the economic and financial communities of the world.

Teacher: Ashirova Makhrijamal

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Sep 20 2025
Great opportunity

In the Year of International Peace and Confidence, on the eve of the 34th anniversary of Turkmenistan’s Independence, the Turkmenistan Investment Forum (TIF 2025) was held in the Avaza National Tourist Zone on September 18 and 19, 2025. This major event brought together more than 800 foreign and local representatives to discuss the country’s investment opportunities. President of Turkmenistan Serdar Berdimuhamedow congratulated the forum participants on this occasion. "I firmly believe that this event in Avaza will contribute to the industrialization and socio-economic development of regions during the period of the Revival of the new era of the sovereign state, the introduction of modern technologies in sectors, the active implementation of the digital economy concept, and the attraction of investment," the head of state noted in his congratulatory message. The forum began with a plenary session entitled "Investment attractiveness of Turkmenistan as a factor ensuring strategic efficiency." The moderator of the session was Dmitry Shlapachenko, UN Resident Coordinator in Turkmenistan. Keynote speeches were delivered by prominent experts from around the world. Among them were Beatrice Luce Maser Mallor, Executive Director of the World Bank, and Rabab Fatima, Under-Secretary-General of the UN, who participated online. Speaking via videoconference to the participants of the Investment Forum in Avaza, UN Under-Secretary-General Rabab Fatima highly appreciated Turkmenistan's leading position in promoting the interests of landlocked developing countries and presented new UN initiatives aimed at attracting investment. The forum participants will have the opportunity to get acquainted with the latest economic reforms and initiatives, establish direct contacts with state and private enterprises of Turkmenistan, and develop specific investment It provided a wide opportunity to discuss projects and identify new directions for cooperation. The forum program included strategic panel discussions, presentations of investment projects, B2B and B2G meetings, master classes and cultural events. Within the framework of the Investment Forum of Turkmenistan (TIF-2025), which was held in the Avaza National Tourist Zone, a number of important documents were signed aimed at strengthening strategic agreements in various sectors of the economy. These agreements demonstrated the broad economic interests of Turkmenistan and its readiness to deepen international cooperation.