The Japan Bank for International Cooperation (JBIC), specializing in investments in Asian countries, announced its readiness to invest in new Turkmen projects. It was reported by the delegation of JBIC at a business meeting at the Ministry of Foreign Affairs of Turkmenistan, according to the website of the Turkmen foreign ministry.
Japan expressed its readiness to invest in those areas for which Turkmenistan has recently adopted state programs designed to diversify the national economy, that is, to make it more diverse and at the same time to increase the number of jobs. The real prospects for this are in the oil and gas and chemical industries, as well as in the areas of electric power, industry and transport.
Today, the chemical industry is of special interest. At a recent government session, President Berdimuhamedov instructed to prepare the development program for chemical industry, and earlier, to involve local business in its development. The visit of the JBIC delegation to Turkmenistan will help to ensure that this program is developed taking into account the opinion of interested investors.
As of the beginning of 2016, more than 30 investment projects involving Japanese companies for a total of over $ 6.5 billion are registered in Turkmenistan.