Economy
Smart construction and clean energy: Turkmenistan prepares for CIET 2025
11.10.2025The CIET 2025 International Conference and Exhibition, dedicated to the development of Turkmenistan's construction, industrial, chemical and energy sectors, will be held in the ‘Avaza’ National Tourist Zone from 3 to 4 November. This was reported by the news agency ‘Turkmenistan: Golden age’. The forum is timed to coincide with Construction and Industry Workers' Day and will highlight the country's achievements in infrastructure, industrialisation and energy. CIET 2025 will strengthen Turkmenistan's position as a regional centre for innovation and investment. The organisers are the Ministry of Industry and Construction of Turkmenistan in conjunction with the Turkmen Energy Forum. For the first time, international companies will participate in the forum, including ‘DAMAC Properties’ (Dubai), ‘Çalık Holding’ (Turkey), ‘Interbudmontazh Group’ (Ukraine), ‘Bitdeer Technologies’ (USA), ‘Wirtgen Group’ (Germany) and ‘POSCO International’ (South Korea), as well as experts in the chemical industry and renewable energy. The CIET 2025 programme covers topics such as smart and sustainable construction, climate-resistant materials, energy and chemical industry development, investment mechanisms and ‘green’ financing. The forum will showcase Turkmenistan's key infrastructure projects, including the bridge across the Garabogaz Bay, new roads, a urea plant and a water treatment facility. CIET 2025 will serve as an international platform for discussing innovation, technology and sustainable development, attracting investors and strengthening the country's strategic course towards industrial modernisation and urban development.
Turkmenistan is ready to implement energy and transport projects with OTS
09.10.2025Ashgabat is making significant efforts to promote large-scale initiatives in the fields of energy, transport and logistics, which are of strategic importance both for the region and for the international community, according to the online news resource TerraNews. This was stated by the National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov, speaking at the 12th Summit of the Council of Heads of State of the Organization of Turkic States (OTS). According to the Hero Arkadag, Turkmenistan attaches particular importance to the development of comprehensive cooperation with the countries of the OTS, seeking to strengthen and fill with concrete content mutually beneficial relations based on equality, mutual respect and strategic partnership. Gurbanguly Berdimuhamedov stressed that to achieve these goals, the country is actively promoting major projects in key sectors – energy, transport, logistics and communications, as well as in other areas of strategic importance at the regional and global levels.
Expansion of economic ties with Croatia discussed in Ashgabat
09.10.2025A Turkmen-Croatian Business Forum was held in Ashgabat with the participation of Croatian Minister of Foreign and European Affairs Gordan Grlić Radman and a business delegation from leading Croatian companies. This was reported by the Orient news agency. The event, organised by the Chamber of Commerce and Industry of Turkmenistan, aimed to expand strategic economic cooperation between the countries. The delegation included companies from the IT, high-tech, industrial and engineering sectors, including ‘404’, ‘Decode’, ‘Insako’ and ‘Neuchemie’. In addition, bilateral meetings were held during the forum, underscoring Turkmenistan's importance as a partner and “bridge” between Europe and Asia. The fourth meeting of the Intergovernmental Commission on Economic Cooperation, chaired by Croatian State Secretary Goran Romek, was also held with the participation of representatives of key ministries and the Chamber of Commerce and Industry.
Turkmenistan Stock Exchange launches ‘“My Account” for customers
06.10.2025As part of the implementation of the ‘Concept for the Development of the Digital Economy in Turkmenistan for 2019-2025’ and the ‘State Programme for the Development of the Digital Economy in Turkmenistan for 2021–2025’ the State Commodity and Raw Materials Exchange of Turkmenistan has introduced a new digital customer system called ‘My Account’, according to the press service of the SCRMET of Turkmenistan. The system is aimed at increasing the transparency, accessibility and efficiency of the services provided. The system allows users to register, manage their accounts, update contact details, configure notification channels and security settings, and quickly track the status of contracts, settlements and financial transactions. In connection with the launch of the ‘My Account’ system, the exchange plans to hold a training seminar at which specialists will explain in detail how to use the system and answer participants’ questions.
CIET 2025: Turkmenistan opens new horizons in construction and energy
06.10.2025On 3–4 November, the ‘Avaza’ National Tourist Zone on the Caspian Sea coast will host the International Conference on the ‘Development of the Construction, Industrial, Chemical and Energy Sectors of Turkmenistan’ (CIET 2025). This was reported by IIC. The event will bring together more than 500 participants from 40 countries, including ministers, heads of international companies, representatives of financial institutions and start-ups. The conference programme and accompanying exhibition will transform the ‘Avaza’ National Tourist Zone into a centre for international dialogue on the introduction of advanced technologies, sustainable development and global cooperation. CIET 2025 will discuss the role of infrastructure, energy and industry in the country's sustainable growth, modernisation of industries, digitalisation and human resource development. Particular attention will be paid to the integration of renewable energy, environmentally friendly materials and climate-resilient infrastructure, as well as financing and attracting investment for sustainable development. The exhibition, held in parallel with the conference, will showcase the latest achievements in construction, energy and the chemical industry, including modern materials, digital solutions and technological innovations. CIET 2025 will serve as a platform for establishing partnerships, exchanging experiences and demonstrating Turkmenistan's potential on the international stage. The country offers vast opportunities for investment in construction, energy and urban development, including the Arkadag ‘smart’ city project, infrastructure modernisation and the expansion of the gas chemical industry. Registration for the conference is now open, and representatives of business, government agencies and international organisations are invited to participate in Turkmenistan's leading event in the field of industry and energy.
Turkmenistan's transport sector shows impressive growth in 9 months
06.10.2025Deputy Chairman of the Cabinet of Ministers of Turkmenistan Mammethan Chakyev presented the results of the work of subordinate structures for the first nine months of 2025. The growth rate of services provided by the transport and communications complex was 114%, according to the state news agency TDH. The freight transport plan was fulfilled by 101.3%, and the passenger transport plan by 104.9%. The growth rates in individual departments reached: Ministry of Rail Transport – 105.1%, Ministry of Road Transport – 113.6%, ‘Türkmenhowaýollary’ – 114.9%, Sea and River Transport – 107.8%, Ministry of Communications – 120.1%. After hearing the report, President of Turkmenistan Serdar Berdimuhamedov emphasised the need for further development of the complex and instructed the Deputy Prime Minister to take measures to increase transport volumes and ensure favourable conditions for international transit.
Turkmenistan's construction and industrial complex demonstrates strong results
06.10.2025On 3 October, during a government meeting, Deputy Chairman of the Cabinet of Ministers of Turkmenistan Baymyrat Annamammedov presented a report on the work of the construction and industrial complex for January–September of this year. This was reported by the state news agency TDH. During the period under review, the plan for production and work performed was fulfilled by 105%. Thus, the Ministry of Construction and Architecture achieved results of 114.3%, the Ministry of Industry and Construction Production – 108.5%, the Ministry of Energy – 109.5%, and the State Concern ‘Türkmenhimiýa’ – 101.1%. The State Agency for Road Construction fulfilled the plan by 103.3%, and the work carried out by the Ashgabat City Administration amounted to 99 million manats. After hearing the report, President of Turkmenistan Serdar Berdimuhamedov emphasised the importance of increasing production volumes, commissioning new enterprises and making effective use of capacity. The Head of State instructed the Deputy Prime Minister to strictly monitor the timely completion of construction and commissioning of facilities planned for the current year.
Turkmenistan exceeds oil and gas production targets
04.10.2025In the first nine months of 2025, Turkmenistan's oil and gas sector exceeded its targets in key areas. This was reported by Deputy Chairman of the Cabinet of Ministers of Turkmenistan Batyr Amanov on 3 October at a government meeting, according to the news website Asmannews. The State Concern ‘Türkmennebit’ fulfilled its oil production plan by 109.7%, while oil refining at plants reached 109.4% of the planned volume. The production of basic petroleum products also exceeded the planned targets: gasoline production amounted to 108.8%, diesel fuel production to 101%. Natural and associated gas production reached 103.1% of the planned volume. After hearing the report, President of Turkmenistan Serdar Berdimuhamedov instructed to continue the introduction of modern technologies that contribute to the discovery of new deposits and to increase the efficiency of hydrocarbon processing.
EU and ITC support trade modernization in Turkmenistan
04.10.2025From 30 September to 2 October, Ashgabat hosted events organised by the International Trade Centre (ITC) project ‘Turkmenistan: Trade Sustainability and Integration’, supported by the European Union. This was reported by the online news resource AsmanNews. On 30 September, an expert meeting on the national roadmap for trade facilitation was held, followed by a two-day training session for employees of the State Customs Service. The meeting presented strategic objectives and measures to bring national foreign trade regulations into line with the WTO's Trade Facilitation Agreement (TFA). Participants discussed the document, noting its importance for Turkmenistan's possible accession to the WTO, and familiarised themselves with the CART.IS tool for analysing inter-agency data exchange in digital format. The training included studying the provisions of the TFA, the classification of trade facilitation measures, digitalisation and inter-agency interaction. Practical tasks allowed participants to simulate real situations and work out steps to improve the efficiency of customs administration.
OGT 2025 Forum in Ashgabat attracts global energy companies
04.10.2025From 22 to 24 October, Ashgabat will host the International Conference and Exhibition ‘Oil and Gas of Turkmenistan’ (OGT 2025) and celebrate the 30th anniversary of the forum. This was reported by the news website Asmannews. The event is organised by the State Concerns ‘Türkmengaz’ and ‘Türkmennebit’, the State Corporation ‘Türkmengeologiýa” and ‘Turkmen Energy Forum’. More than 1,000 delegates from 60 countries and over 300 companies are expected to attend, reflecting Turkmenistan's growing role in the global energy sector. A special feature of OGT 2025 is its focus on innovation and strategic dialogue. The programme includes four round tables: two, jointly with SPE, will be devoted to new technologies, digitalisation and innovation in production and exploration, while the other two, supported by ‘S&P Global Commodity Insights’, will discuss global trends, investments and regional cooperation. The forum will also serve as a platform for discussing sustainable energy development and investment prospects in Central Asia. With an increase in the number of participants and companies (45% more than last year), Turkmenistan confirms its status as a strategic partner for international investors. OGT 2025 will bring together business, academia and politics, providing a platform for discussing key issues for the future of global energy.
Turkmenistan enters the international pharmaceutical arena in Pakistan
03.10.2025Turkmenistan has been invited to participate in the Pharma API Asia 2025 and Health API Asia 2025 international exhibitions, which will be held on 23–25 October in Karachi (Pakistan). This was reported by the Orient news agency. The exhibitions will bring together leading pharmaceutical and medical companies, showcasing equipment, packaging, ingredients, laboratory solutions, IT products and finished medicines. The organiser is E-commerce Gateway Pakistan Pvt. Ltd. The exhibitions are expected to attract the largest Pakistani and foreign manufacturers. Pharma API Asia aims to develop the pharmaceutical industry and investment, while Health API Asia is Pakistan's largest medical exhibition, held since 2004 with the support of the country's Ministry of Health and UFI. Turkmenistan's participation will help expand exports and strengthen international ties in the field of medicine and pharmaceuticals.
Golestan plans to showcase its products at an exhibition in Turkmenistan
02.10.2025Following the successful exhibition of Turkmen goods in Golestan, Iran, the provincial authorities are planning to organise a reciprocal event in Turkmenistan. This was reported by the online publication Business Turkmenistan. The exhibition, which may take place in Ashgabat or Balkan velayat in the coming months, should strengthen bilateral economic and cultural cooperation, expand trade ties and increase trade volume by up to 30%. The development of border infrastructure and a joint chamber of commerce between Turkmenistan and Iran creates a solid foundation for sustainable economic partnership and regional integration. It should be noted that a large exhibition of Turkmen goods was held in Gorgan from 5 to 7 May 2025.
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