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Asia Today ISSN 1861-4604 Sunday, February 25, 2018

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Turkmenistan sees Germany among its leading partners

Turkmenistan’s private sector enterprises with German capital

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Ashgabat, Turkmenistan, Dec. 1 By Huseyn Hasanov – Trend: Turkmenistan sees Germany as one of its leading partners, said Turkmen President Gurbanguly Berdimuhamedov in his message to participants of the Turkmen-German business forum, opened Dec. 1 in Ashgabat.

The forum will be attended by representatives of public organizations and companies of the two countries.

“German companies are among those first, which entered the promising Turkmen market and have been effectively working in various areas for many years that proves the existence of favorable investment climate in the country,” said Berdimuhamedov in his message.

As of today, Turkmenistan’s private sector enterprises with German capital operate in refining industry, construction, trade, services sector, as well as in education and engineering.

German companies make huge contribution to the implementation of Turkmenistan’s long-term projects. Such companies as Siemens, Daimler, Claas, Rohde & Schwarz, Dresser-Rand are among those.

Moreover, 167 investment projects and contracts with participation of German capital in a total amount of $540 million and about 555 million euros are registered in Turkmenistan.

Trade turnover between Turkmenistan and Germany amounted to $306 million in 2015.

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