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Turkmenistan makes presentation at World Investment Forum in Geneva

30 October 2018 [16:42] - TODAY.AZ

By  Trend


The government delegation of Turkmenistan has taken part in the World Investment Forum (WIF-2018) in Geneva, organized by the United Nations Conference on Trade and Development (UNCTAD), the Turkmen Foreign Ministry said in a statement.

The World Investment Forum is the leading global platform for investment and development, which is held every two years. Turkmenistan presented its economic opportunities, investment potential and acquainted the forum participants with major international projects implemented in the country in the fields of energy, transport and industry, the message says.

Also, a high-level event on attracting direct foreign investments in landlocked countries was held within the forum. Turkmenistan ranks fourth in the world in terms of natural gas reserves and at this stage, sells this raw material to China and Iran, the report of British Petroleum (BP) company says.

At the same time, Russia, the traditional buyer, stopped purchasing gas from Turkmenistan in 2016.

Ashgabat has set a course for diversification of the local economy, the textile industry and the manufacture of oil products have advanced, the oil- and gas-chemical industries and the building materials’ production sector are actively developing.

The private business is being involved to the development of electronic industry and import-substituting production in the country.

URL: http://www.today.az/news/regions/175434.html

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