Economy
Demand for petrochemicals and agricultural products recorded on Turkmenistan’s commodity exchange
26.05.2026Last week, 26 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan, according to TDH. For foreign currency, business representatives from Türkiye, Azerbaijan, and Kyrgyzstan purchased cotton yarn and cotton fiber. The total value of the deals exceeded 3 million 526 thousand US dollars. On the domestic market, Turkmen entrepreneurs bought base oil (State Concern “Türkmennebit”), cottonseed oil, wheat flour, and raw silk. The total amount reached 173 million 734 thousand manats.
“Toyo Engineering” begins modernization of a polymer plant in Turkmenistan
26.05.2026The Japanese engineering company “Toyo Engineering” has begun the modernization of the Kiyanly polymer plant in Turkmenistan. This was announced by the company’s director, Tetsuji Miyazaki, at a conference in Ashgabat, as reported by the news website Turkmenportal. The project is being implemented in two stages: the first includes engineering work, procurement of equipment, and dismantling of outdated facilities, followed by technology commissioning and the launch of the upgraded production. T. Miyazaki noted active dialogue between the company’s management and the authorities of Turkmenistan and emphasized the strategic importance of the country for “Toyo Engineering.” The company, operating since 1961, has implemented more than a thousand projects in 60 countries and specializes in full-cycle support of industrial facilities.
Turkmenistan finalizes preparations for launch of the e-TIR system
26.05.2026Turkmenistan is completing the implementation of the international e-TIR system. The issue was discussed during an online coordination meeting involving representatives of the International Road Transport Union (IRU), the Association of International Road Carriers of Turkmenistan (THADA), and the United Nations Economic Commission for Europe (UNECE), according to the news website Turkmenportal. The parties reviewed technical aspects, international experience, and the steps required to launch the system. It was noted that the necessary organizational and technical framework has already been established, while preparations are underway for pilot transport operations in cooperation with the customs authorities of Central Asian countries. e-TIR is a digital version of the international customs transit system developed by the IRU and the World Customs Organization. It enables the electronic processing of transit documents in countries participating in the TIR Convention.
Turkmenistan Showcased Its Products at an International Exhibition in Almaty
24.05.2026The Turkmen company “Garagum” participated in the international exhibition “Kazakhstan International Healthcare Exhibition” (KIHE 2026), held in Almaty from May 20 to 22. The company’s stand featured a wide range of medical and nonwoven products for healthcare, hygiene, and industrial applications, according to the online publication “Business Turkmenistan”. Participation in one of Central Asia’s key industry exhibitions marked another step in the company’s export strategy. Today, Garagum products are supplied to more than 15 countries across Europe and Central Asia, while the company continues to expand its international partnerships and geographic presence. The quality of the products is confirmed by international certifications, including ISO 13485, as well as a license issued by the Ministry of Health of Turkmenistan. Visitors to KIHE 2026 showed particular interest in products under the “Arkadag Medical Cluster” brand, which, according to company representatives, reflects modern approaches to the development of medical and pharmaceutical manufacturing. Participation in the exhibition enabled Garagum to present its innovations to an international audience and strengthen Turkmenistan’s position in the medical products market.
Turkmenistan and Azerbaijan discussed expanding economic cooperation
21.05.2026Within the framework of the World Urban Forum (WUF13) in Baku, a meeting was held between the Chairman of the State Committee for Construction of Arkadag City under the President of Turkmenistan, Deryageldy Orazov, and Azerbaijan’s Minister of Economy, Mikayil Jabbarov. This was reported by the news website Turkmenportal. The sides discussed the current state and prospects of economic cooperation, including investment, transport, logistics, and transit. Special attention was given to possible expansion of cooperation in trade, energy, and other areas. The Azerbaijani side noted the importance of the Turkmen delegation’s visit and confirmed its interest in further developing the partnership. The WUF13 forum is taking place in Baku from May 17 to 22, 2026, under the auspices of UN-Habitat and the Government of Azerbaijan, and is dedicated to sustainable urban development.
“Daewoo E&C” confirms participation in the “White City Ashgabat – 2026” forum
21.05.2026The 25th International Exhibition and Conference “White City Ashgabat – 2026” (WCA 2026), which will take place on May 24–25, 2026, in Ashgabat, is expanding international cooperation. The South Korean company Daewoo Engineering & Construction has joined the event as a gold sponsor, according to the news agency “Turkmenistan: Golden Age”. The forum, held under the motto “Architecture. Innovation. Sustainable Development,” will bring together representatives of government bodies, developers, investors, and engineers to discuss sustainable urban development, industrial modernization, and next-generation infrastructure. Daewoo E&C’s participation further strengthens the international status of WCA 2026 as a platform for strategic dialogue and exchange of engineering solutions in construction, energy, and infrastructure. Founded in 1973, Daewoo E&C is a major EPC company of the Republic of Korea with experience in implementing infrastructure, industrial, and energy projects across various regions of the world, including Asia, the Middle East, Africa, and Europe. In Turkmenistan, the company is involved in a number of major projects, supporting industrial infrastructure modernization and development processes. As part of the forum’s business program, a company representative will speak in a panel session dedicated to industrial development and supply chains in construction. Participants will discuss the development of building materials production, industrial digitalization, the implementation of Industry 4.0 technologies, as well as issues of localization and the resilience of production chains. As of today, more than 650 delegates from 55 countries have confirmed their participation in WCA 2026. The forum continues to strengthen its position as one of the key regional platforms for investment and technological cooperation in the field of construction and infrastructure.
Turkmen company “Tudana” begins exporting strawberries to Dubai
19.05.2026The “Tudana” business society, located in the Ak Bugdaý etrap of the Ahal velayat, has exported fresh strawberries to Dubai (UAE) for the first time. According to a company representative, the enterprise is also considering entering the Russian market, the IIC reports. The strawberries are grown in modern greenhouse complexes covering a total area of 15 hectares. As part of efforts to expand export potential, the company is constructing additional greenhouses on 30 hectares, which are expected to be launched in the coming years. Products under the “Tudana” brand are available in more than 300 retail outlets across Turkmenistan and are already supplied to the markets of Kazakhstan and Uzbekistan, where they enjoy steady demand.
Turkmenistan and “Habib Rafiq” Discuss Cooperation in Construction and Investment
18.05.2026On May 14, a meeting was held at the Embassy of Turkmenistan with the leadership of the Pakistani company “Habib Rafiq (Pvt.) Ltd.”, headed by Chief Operating Officer Aslam Malik. This was reported by the IIC. The parties discussed prospects for cooperation in construction, investment, and technology implementation, noting the significant potential for collaboration. The Turkmen side presented information on large-scale modernization of transport and engineering infrastructure, including road construction and the development of industrial facilities. Following the talks, the participants expressed readiness to further strengthen business ties and continue dialogue on promising areas of cooperation.
“TurkmenTextile Expo 2026”: focus on exports, logistics and sustainable standards
18.05.2026On June 5, the second day of the international exhibition “TurkmenTextile Expo 2026” in Ashgabat, the business program will focus on key issues in the development of textile exports — logistics, certification, and sustainable production. This was reported by the Orient news agency. The morning training session will be dedicated to the “Better Cotton” standard: participants will learn about requirements for producers, the system for raw material traceability, and preparation for international audits required to access global markets. In the afternoon, a workshop on export logistics for Central Asian countries will take place. Experts will examine practical cases of supply chain optimization, multimodal routes, and cost reduction across production-to-end-customer chains. The program will conclude with a seminar featuring international specialists on the “GOTS” and “OEKO-TEX” standards. The discussion will focus on environmental certification, digital solutions for the industry, and the implementation of ESG approaches in textile production. The organizers emphasize that all sessions are practice-oriented and aimed at helping companies enter foreign markets, improve supply chain transparency, and implement sustainable practices without reducing business efficiency.
Turkmenistan will participate in Green EXPO-2027 in Yokohama
17.05.2026Turkmenistan will take part in the International Garden Exhibition Green EXPO-2027, which will be held in Yokohama from March 19 to September 26, 2027. The relevant proposals were approved at a Cabinet of Ministers meeting, according to TDH. Deputy Chairman of the Cabinet of Ministers N. Atagulyev delivered a report, stating that the exhibition will be held under the motto “Landscape of the Future for Happiness.” Around 80 countries are expected to participate. President Serdar Berdimuhamedov noted that Turkmenistan is developing international cooperation. The proposal to take part in the exhibition was approved, and the Deputy Prime Minister was instructed to carry out preparatory work.
“Gap İnşaat” and “Rönesans Holding” confirm participation in the “White City Ashgabat” forum
17.05.2026International construction companies “Gap İnşaat” and “Rönesans Holding” have become silver sponsors of the XXV International Exhibition and Conference “White City Ashgabat 2026”, which will take place on May 24–25 in Ashgabat under the motto “Architecture. Innovation. Sustainable Development”, reports the news website Turkmenportal. The forum will bring together representatives of government bodies, business, investors, and experts in the field of architecture and urban development. Participation of more than 500 delegates from over 100 companies and 50 countries has already been confirmed. “Gap İnşaat”, operating since 1996, is implementing a number of major infrastructure projects in Turkmenistan, including the Garabogazkarbamid plant, the Turkmenbashi seaport, as well as medical centers and transport and industrial infrastructure facilities in Ashgabat and other regions of the country. “Rönesans Holding”, founded in 1993 in Ankara and present in more than 30 countries, has been operating in Turkmenistan through its subsidiary for over 16 years. The holding has participated in the construction of educational, hotel, and administrative facilities in Ashgabat and plans further expansion of its activities in the energy, petrochemical, and gas processing sectors.
Turkmenistan and Uganda are strengthening their economic partnership
13.05.2026Turkmenistan and Uganda held high-level talks in Kampala, confirming their intention to develop relations toward practical economic cooperation. This was reported by the news website Turkmenportal. The Turkmen delegation was led by Yagshuli Mammedov, Head of the Middle East and Africa Department at the Ministry of Foreign Affairs of Turkmenistan. The Ugandan side was represented by Ambassador Leonard Mugerwa, with organizational support from Ugandan diplomatic representatives. The two sides outlined key areas of cooperation, including trade and investment, energy, textiles, agriculture, education, tourism, and cultural exchanges. Turkmenistan proposed exporting natural gas and textile products, while Uganda offered coffee and poultry products, as well as cooperation in food processing development. Education programs, academic exchanges, and training in the field of international relations were also discussed, along with the organization of business forums and trade exhibitions. In addition, the parties considered simplifying travel for diplomats by introducing a visa-free regime for holders of diplomatic and official passports. They also touched upon cooperation within the United Nations and prospects for reciprocal visits. Following the meeting, both sides noted an intensification of bilateral dialogue, with further agreements and contacts expected through 2027.
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