Turkmenistan attracted $11 billion in investments in 2024

18:00 19.03.2025 2817

https://oilgas.gov.tm/storage/posts/13525/original-167da6c9015fb1.jpg

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.

Other articles
164632c8a799dc.jpg
IEA: $600 billion needed to cut global oil and gas emissions

Analysts at the International Energy Agency (IEA) estimate that halving the emission intensity of the world’s oil and gas production will require an investment of $600 billion.


164648946232e8.jpg
EBRD predicts high growth rates of Turkmenistan’s GDP in 2023-2024

The European Bank for Reconstruction and Development (EBRD), in its May Regional Economic Prospects review, published its assessment of Turkmenistan’s GDP growth in 2023-2024.


164647fc9cc49b.png
Energy cooperation will be discussed at the Central Asia – China summit – experts

Theme of the energy cooperation will be among the priority on the agenda of the upcoming Central Asia – China summit, which will be held on May 18-19 in the ancient Chinese city Xi’an, according to well-known analytical centers and political scientists.


164670b97ecf04.jpg
The President of Turkmenistan proposed to implement new projects for gas supplies to China

President of Turkmenistan Serdar Berdimuhamedov, speaking at the first Central Asia-China Summit in the ancient Chinese city of Xian, proposed to continue work on the implementation of new projects related to the supply of Turkmen natural gas to China, TDH reports.


164632cbc5f3a2.jpg
The President instructed to develop drafts of the State Budget and other programs for 2024 in a timely manner

President of Turkmenistan Serdar Berdimuhamedov signed a Resolution providing for measures aimed at the timely preparation of draft State budgets, the main directions of socio-economic development and the country’s investment program for 2024.