Batyr Berdiyev, the Head of the Department, Directorate of the Study of Commodity Circulation in Internal and External Markets, Ministry of Trade and Foreign Economic Relations of Turkmenistan, shared his review on Turkmenistan investment policy in his article published on Turkmen Metbugat.
Turkmenistan is an economically stable country that follows the principles of neutrality, good neighborly relations, and territorial integrity. These principles help the country maintain its economic stability. Turkmenistan's investment policy prioritizes creating new businesses that use high technologies for the deep processing of raw materials. The investment policy aims to maintain a high share of investment in GDP, increase investment efficiency, and improve profitability. Turkmenistan is a key center of mutually beneficial interstate cooperation, thanks to its integration into the global economy and attraction of foreign investment. The investment policy is implemented through the existing system of state investment regulation, and the country is working towards establishing an industrial society with high-tech and knowledge-intensive industries.
Turkmenistan is taking concrete steps towards fulfilling its strategic investing objectives, including establishing an agroindustrial sector, modernizing traditional industries, improving transport and logistics infrastructure, and promoting cooperation with partners in Europe, Asia, and America. The country has a developed network of air routes, international airports, railway networks, and a modern seaport on the Caspian Sea shore, which serves as a reliable bridge between the East and West, and the North and South. Free economic zones have also been set up, offering many customs and other benefits.
Construction is another priority sector of Turkmenistan's economy. The country invests impressively in this sector, contributing to the stable growth of the construction industry, setting up new innovative enterprises, and increasing the volumes of goods produced, work performed, and services rendered.