Turkmenistan aims at drawing foreign capital

By  Trend

Turkmenistan’s investment policy is aimed at drawing foreign capital, Turkmen President Gurbanguly Berdimuhamedov said in a message addressed to the participants of the eighth International Investment Forum, which opened in the Avaza national tourist zone November 9 and last till November 10.

According to the message, the main task of the investment forum is to diversify and increase the competitiveness of local economy, introduce innovative technologies in the industry.

The Turkmen Ministry of Economy and Development and Chamber of Commerce and Industry are the organizers of the event, the message said.

“The beneficial investment projects, in particular, those on the formation of innovative economy in the country, are supported,” President Berdimuhamedov said.

According to the message, the national program of Turkmenistan’s social-economic development envisages the modernization of the national industrial complex, the formation of the economy based on the latest technologies.

"Turkmenistan has set a specific goal to produce domestic products to replace imported goods and increase the volumes of export through the widespread introduction of innovations," the Turkmen president added.

The Turkmen president added that the activity opens up new spheres for cooperation in the field of precision engineering and biotechnologies, information technologies, renewable energy sources, telecommunications.

Turkmenistan pays special attention to the development of private entrepreneurship, the message said.

According to the message, all conditions are being created to stimulate domestic investments of private entrepreneurs and implement joint investment projects with foreign partners.