Turkmenistan among top 10 countries for investment attractiveness

/By AzerNews/

By Aynur Karimova

Turkmenistan has been listed among top 10 countries for attracting direct foreign investments, the Turkmen government reported with reference to the international financial agencies.

Experts of the International Monetary Fund believe that Turkmenistan will be able to maintain high growth rate of its GDP in coming years as a result of the thought-out investment policy and considerable volume of foreign investments.

Reportedly, Turkmenistan has used $117.2 billion worth investments throughout 20 years.

During this period, the country has constructed and commissioned 250 plants and factories, 26 million square meters of housing, 187 hospitals and therapeutic centers, 394 schools, 310 kindergartens, 94 cultural institutions, 39 high-quality hotels, over 70 administrative buildings of ministries and departments, as well as power plants, railways, airports, large bridges and gas pipelines.

Currently, over 2,000 large facilities are under construction in Turkmenistan.

Energy-rich Turkmenistan mainly attracts investments to its energy sector. The dynamic development of the country's economy, its favorable geographic location, political stability and a favorable investment situation in the country, enshrined in the national legislation corresponding to the relevant international standards together with the huge hydrocarbon resources create significant incentives for the influx of foreign investments in the fuel and energy complex. This is strategically important for the country.

The projects for constructing Turkmenistan-Afghanistan-Pakistan-India gas pipeline, as well as for transportation of Turkmen natural gas to the European market through the Caspian Sea are being developed intensively.