Turkmenistan and the UAE will create a joint bank to invest in projects in priority areas of cooperation
00:21 23.11.2022 3262
Turkmenistan and the United Arab Emirates are planning to create a joint bank with the opening of representative offices in both countries. This proposal was made at the meeting of President Serdar Berdimuhamedov with Vice-Chairman of the Cabinet of Ministers, Minister for Administration of the President of the United Arab Emirates Sheikh Mansour bin Zayed Al Nahyan, TDH reports.
Describing the Turkmen market as exceptionally promising, Sheikh Mansur Nahyan emphasized that such an assessment includes the existence of all conditions for business in the country, primarily a favorable investment climate and sustained economic growth. In this regard, a proposal was made to create a joint bank and open its representative office in both countries, the news agency of Turkmenistan writes.
Serdar Berdimuhamedov supported this proposal, noting that Turkmenistan would create all opportunities for this.
According to Nahyan, the UAE is interested in cooperation with Turkmenistan, which they see as a reliable and promising partner with huge resource and economic potential, and expressed confidence that the first official visit of Serdar Berdimuhamedov to the UAE and the documents signed within its framework will open a new page in history relations between the two states.
During the meeting, the importance of intensifying trade and economic ties was emphasized, issues of interaction in a number of promising areas were discussed, including in the fuel and energy sector, as well as in such areas as the oil refining, gas chemical industry and transport.
Serdar Berdimuhamedov stated that the fuel and energy potential and favorable geographical location of Turkmenistan - at the crossroads of transport and communication routes of the world - are of great importance for building up Turkmen-Emirati cooperation.
- Our country has all the opportunities for cooperation with the leading oil and gas companies of the Emirates, - said the President of Turkmenistan.
Nahyan confirmed the readiness of the UAE business circles to expand the productive partnership with Turkmenistan.
Referring to the interaction of the two countries in the investment field and noting that during meetings with representatives of the Abu Dhabi Development Fund, issues of investing and attracting loans for the implementation of projects in the gas chemical industry, transport, logistics and financial areas are discussed, the President of Turkmenistan focused on the need to intensify this dialogue .
The parties also noted the importance of building up partnerships in the field of maritime, rail and air communications. In this context, the head of Turkmenistan stressed the relevance of establishing contacts with the International Port of Abu Dhabi in order to join the International Seaport of Turkmenbashi to the system of seaports of the world.
The interlocutors spoke for the importance of giving a new impetus to the activities of the Joint Committee for Cooperation between Turkmenistan and the UAE, as well as for the expediency of holding regular meetings between representatives of the business circles of the two countries.
Serdar Berdimuhamedov invited Sheikh Mansour bin Zayed Al Nahyan to visit Ashgabat at a convenient time for him.
The meeting took place the day before as part of the official visit of Serdar Berdimuhamedov to the UAE on November 21-22.
Iraq is ready to annually purchase about 10 billion cubic meters of gas from Turkmenistan
A memorandum of understanding on natural gas supplies was signed between the State Concern “Turkmengas” and the Ministry of Electricity of the Republic of Iraq.
Trade turnover between Turkmenistan and Russia increased by 13% in 2023
At the end of 2023, mutual trade turnover between Russia and Turkmenistan increased in physical terms by 13% and amounted to 678 million tons. This was said at a meeting between Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov and Deputy Prime Minister of the Russian Federation Marat Khusnullin, reports the News Portal of the State Television and Radio of Turkmenistan.
«Mitro International Limited» is a silver partner of the XXVII International Conference «Oil and Gas of Turkmenistan»
Mitro International Limited is a silver partner of the XXVII International Conference and Exhibition «Oil and Gas of Turkmenistan» (OGT – 2022), which will be held on October 26-28 in Ashgabat, the organizer of the upcoming forum reports.
The delegation of Turkmenistan discussed the possibilities of expanding cooperation in Kazan
As part of the working visit of the Chairman of the Halk Maslahaty Gurbanguly Berdimuhamedov to the Republic of Tatarstan of the Russian Federation to participate in the XV International Economic Forum “Russia-Islamic World: KazanForum 2024”, members of the delegation of Turkmenistan held a number of meetings, during which the possibilities of expanding multifaceted interaction were discussed, TDH reports.
Ministers of Foreign Affairs of Central Asia and the United States discussed cooperation with the new government of Afghanistan
The development of cooperation with the new government of Afghanistan was discussed at a virtual meeting in the «C5 + 1» format of the foreign ministers of the Central Asian countries and the United States, held yesterday on the sidelines of the 76th session of the UN General Assembly, the website of the Ministry of Foreign Affairs of Turkmenistan reports.