Turkmenistan attracted $11 billion in investments in 2024
18:00 19.03.2025 2822
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.
In Ankara, at the meeting of the Intergovernmental Commission, cooperation between Turkmenistan and Turkey in the oil and gas sector was emphasized
As part of the working visit of the delegation of Turkmenistan to Turkey, the eighth meeting of the Intergovernmental Turkmen-Turkish Commission on Economic Cooperation was held in Ankara on February 24-25, the Ministry of Foreign Affairs of Turkmenistan reported today.
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.
Management of «Gumdagnebit» significantly increased the rate of production growth in January-February
Oil and gas production department «Gumdagnebit» of the State Concern «Turkmennebit» in January-February 2023, held under the motto «The Year of Happy Youth with Arkadagly Serdar», ensured the production of about 91 thousand tons of oil from existing wells. At the same time, the plan for the reporting period was fulfilled by 112 percent. Compared to the same period last year, the achieved growth rate exceeded 124 percent.
The volume of purchases of Turkmen gas by Gazprom will double in 2021, - Russian Ambassador to Turkmenistan
In 2021, the volume of gas purchased by Gazprom from Turkmenistan is likely to double and amount to about 10 billion cubic meters. This was stated on Friday by the Russian Ambassador to Turkmenistan Alexander Blokhin at a press conference at the embassy dedicated to the annual results of the Turkmen-Russian cooperation.
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).