Palestinian companies intend to promote investment cooperation with Turkmenistan

Today Ashgabat has hosted a Turkmen-Palestinian business forum, which took the form of an interested exchange of opinions on the potential and prospects of bilateral cooperation. Members of the delegation led by Deputy Minister of Foreign Affairs of the State of Palestine Mazen Shamiya were among those attending the meeting.

During the meeting, representatives of the Turkmen and Palestinian delegations made speeches on the state of the national economies and prospects for partnership. Stressing the interest in full-scale cooperation with Turkmenistan, heads of Palestinian companies declared their intention to take active part in investment projects.

Special emphasis was placed on cooperation in the banking sector. The forum participants also noted that the ongoing fundamental reforms in Turkmenistan, including in the legislative sphere, and making new laws that grant privileges and state guarantees to foreign businessmen add considerable impetus to the effective collaboration.

Healthcare and the medical industry were identified as a key area of Turkmen-Palestinian cooperation. In this context, the parties highlighted the advisability of exchanging experience and promoting cooperation between the two countries’ relevant agencies. Construction and the building materials industry, the machine-building industry, the agroindustrial sector, the textile industry, and tourism were named as prospective areas of cooperation.

The forum attendees also noted that investment projects would significantly contribute to deepening the bilateral partnership. Turkmen producers are ready to export domestically- produced competitive goods to the State of Palestine.

Joint projects and promising areas of cooperation generated detailed discussions at bilateral meetings between representatives of Turkmenistan’s ministries, agencies and private sector and heads of Palestine’s state institutions and companies.