Today, the International forum «Investments in the future of Turkmenistan» was held in the capital, at the Chamber of commerce and industry. Organised as part of the exhibition dedicated to the 18th anniversary of the creation of the Union of industrialists and entrepreneurs of the country, it has become an effective platform for discussing investment opportunities in the domestic private sector, sharing experiences and developing public-private partnerships.
The forum was attended by the deputy Chairman of the Cabinet of Ministers of Turkmenistan, who oversees the trade complex, representatives of ministries and industry departments, international financial institutions, foreign companies, and members of the UIET. Such a representative composition of participants in this important event testifies to the growing interest in the investment potential of our country.
At the beginning of the forum, a video was shown about the development of the domestic private sector and its promising programs. It contained detailed information on the contribution of Turkmen entrepreneurs to strengthening the national economy, on the ongoing state policy to support private producers, as well as on the optimal opportunities created by President Serdar Berdimuhamedov in this area.
During the plenary session «The role of the private sector in sustainable development and the investment program of independent, permanently neutral Turkmenistan», it was emphasised that our country is rapidly developing and is recognised in the world as a reliable and stable partner. The forum participants noted that consistently implemented government programs create a favourable basis for attracting foreign investment and expanding international cooperation.
The speeches also focused on public-private partnership, which serves as an effective mechanism for the implementation of national projects. In this context, it was emphasised that the priority task is to create an adaptive system of interaction between government and business. This will make it possible to effectively coordinate public interests with business initiatives.
This topic was continued in the format of the session «Public-private partnership and government support as the basis for economic growth». During the discussion, it was noted that a favourable legal and financial environment has been created in the country to stimulate investment activity. It was emphasised that the preferences created for local and foreign investors contribute to increasing the profitability of long-term investments.
The session «The potential of the private sector in the development of agriculture and its role in ensuring food security» focused on the contribution of entrepreneurs to solving the tasks set in this area. As experts noted, developing the agro-industrial sector using modern technologies is essential for strengthening food abundance in the domestic market and increasing the export potential of the country. It was emphasised that the integration of private enterprises into the agricultural sector contributes to the effective resolution of issues related to the production of import-substituting products and the creation of new jobs in the regions.
During the session «The private sector of the economy and infrastructure: investments in construction, industry and transport», it was noted that favourable geographical location of Turkmenistan opens up wide horizons for international cooperation in the transport and logistics sectors, as well as enhances the role of the private sector in this area. The importance of attracting capital investment in the production of building materials from local raw materials in order to diversify the industrial complex was also emphasised. In addition, emphasis was placed on investments in deep processing of natural gas and the development of the chemical industry – industries that are the driving force behind industrial growth of the country.
Using the opportunities of digitalisation in the field of investments became the main topic on the agenda of the session «Digital Turkmenistan: improving the investment environment». Its participants noted that the transition to electronic means of communication and the introduction of a single window system significantly simplify operations and increase the transparency of all business processes. As it was emphasised, the digital transformation of the financial sector and the tax system creates an understandable and attractive modern ecosystem for the international investment community.
Representatives of foreign companies and financial institutions who actively participated in the forum noted in their speeches that Turkmenistan has a huge potential for implementing interstate projects and that their structures are ready to provide their advanced technologies for the sectors of economy of our country. At the same time, the prospects of the Turkmen market in the context of the development of a long-term mutually beneficial partnership were emphasised.
During the bilateral meetings, Turkmen entrepreneurs and representatives of foreign business circles expressed their readiness to implement their plans. As it was emphasised, the forum has become an open platform for establishing direct business contacts and signing documents defining the directions of future cooperation.
At the end of the forum, it was emphasised once again that its name «Investments in the future of Turkmenistan» is not just a slogan, but a targeted strategy implemented under the farsighted leadership of President Serdar Berdimuhamedov. The participants of this important event expressed confidence that its results would give an effective impetus to the further progress of our country and would help strengthen its position in the global economic system.
