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Turkmen President attends UAE-Turkmen forum

posted on 27/08/2007: 633 views

President Gurbanguly Berdimuhammedow of Turkmenistan has called for establishment of UAE-Turkmen joint ventures to tap off the huge potentials of investments in the various spheres. The visiting President has expressed his country's determination to learn from the UAE experience in developing key economic sectors.

Speaking at the UAE-Turkmen Forum which opened in Abu Dhabi yesterday, the President said his country's economy had been registering strong growth, estimated at around 20 per cent. At the same time, he said, the Government had been building more infrastructure, economic and industrial projects. President Gurbanguly Berdimuhammedow cited the volume of foreign investments in his country as a testimony of the success of the capital investment scheme.

He said his country's oil strategy was to produce 110 million tonnes by 2030, while negotiations were underway for extension of natural gas to china in 2009 and to Afghanistan, Pakistan, and India later.

On tourism, the President said US$ 1billion had been earmarked for the establishment of a tourist zone. He invited UAE businessmen to take advantage of the investment incentives. He welcomed a proposal by UAE businessmen for a Turkmen information centre to be established in the UAE to promote investment potentials in Turkmenistan. He commissioned his finance minister and head of the Chamber of Commerce to discuss the pertinent details with UAE businessmen. (Emirates News Agency, WAM)


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