Turkmenistan attracted $11 billion in investments in 2024
18:00 19.03.2025 2811
Turkmenistan fulfilled the plan to attract foreign investment by 110% in 2024, having mastered $11 billion from all sources of financing. This was stated by Deputy Minister of Finance and Economy of Turkmenistan Perhat Yagshiyev at the International Forum “Investments in the Future of Turkmenistan” (IFT 2025), held on March 18 in Ashgabat.
According to the deputy minister, in 2024, Turkmenistan's economy demonstrated steady growth, with GDP growth of 6.3%. At the same time, the share of investments in the total economy reached 17.6%.
In 2025, the government of the country sets the task of increasing the volume of attracted investments to $11.5 billion. According to the data announced at the forum, most of the planned investments (65.6%) will be directed to production projects. At the same time, about 33% of all investments are planned to be developed through the private sector, and about 10% - through foreign investors.
Particular attention in the development strategy of Turkmenistan is paid to the private sector of the economy. It is expected that in 2025, the share of the non-state sector in the country's GDP (excluding the fuel and energy complex) will reach 71.6%.
To date, Turkmenistan has concluded 67 international agreements regulating investment activities, including 28 agreements on mutual promotion and protection of investments and 39 agreements on the avoidance of double taxation.
At the end of his speech, Yagshiyev invited the meeting participants to the Investment Forum of Turkmenistan, which is planned to be held in September this year in Ashgabat. Official invitations will be sent through diplomatic channels to all interested parties.
Turkmenistan exported natural gas worth $ 6.1 billion to China in January-November
Turkmenistan continues to hold a leading position in pipeline export of «blue» fuel to China. According to the General Customs Administration of the PRC, during January-November 2021, the Celestial Empire received 21.91 million tons of Turkmen natural gas through the Turkmenistan-China pipeline, which is $ 6.1 billion in monetary terms.
Laboratory of refrigeration and air conditioning units was opened at the oil and gas university of Turkmenistan
A laboratory of refrigeration and air conditioning units was opened at the International University of Oil and Gas named after Yagshygeldi Kakaev with the assistance of the Ministry of Agriculture and Environmental Protection of Turkmenistan, together with the UN Regional Organization for Industrial Development (UNIDO).
A conference on labor protection was held at the industry institute of the “State Concern” Turkmengas
A conference organized by the State Corporation “Turkmengeology” was held within the walls of the Natural Gas Research Institute of the Turkmengas State Concern. The event, dedicated to compliance with labor protection and technical safety rules in organizations and enterprises of the State Corporation “Turkmengeology” in 2024 and tasks for 2025, was attended by responsible employees of the corporation, engineers, and specialists in technical safety and labor protection.
The Chairperson of the Mejlis of Turkmenistan conveyed an invitation to the President of Turkey to take part in the International Forum in Ashgabat
The Chairperson of the Mejlis of Turkmenistan Dunyagozel Gulmanova conveyed an invitation to the President of Turkey Recep Tayyip Erdogan to take part in a high-level event – the International Forum in Ashgabat on the occasion of the 30th anniversary of Turkmenistan’s permanent neutrality and the “Year of International Peace and Trust”, the website of the Parliament of Turkmenistan reports.
Veterans of the Great Patriotic War were presented with gifts on behalf of the President of Turkmenistan
In Turkmenistan, in honor of the 79th anniversary of Victory in the Great Patriotic War of 1941–1945, veterans in all velayats of the country and the city of Ashgabat were solemnly presented with monetary and valuable gifts with wishes of good health and good spirits.