President Gurbanguly Berdimuhamedov has held video conference meeting with Igor Makarov, the Head of ARETI International Group, Andrew Hruska, the General Director and Partner of King & Spalding Law Company, co-founder and Chief Investment Director of Rizvi Traverse Management LLC Sohail Rizvi and General Director of financial company Legacy, Advisor of the ARETI IG Eugene Frenkel.

Having greeted representatives of business circles, President Gurbanguly Berdimuhamedov expressed gratitude to businessmen for their desire to develop productive cooperation with Turkmenistan. It was noted that our country pays special attention to expansion of beneficial relations with big international business structures and leading international companies.

Occupying strategic location in the region, Turkmenistan has big natural resources, the head of the state continued highlighting that steadfast movement of the country forward, use of all existing capabilities for development of the economy and social sphere, introduction of latest technologies to all spheres are the priorities of the country’s policy. Stable growth of life level and quality of Turkmen people is expected in the result.

In this context, such strategic directions as development of energy sector, improvement of investment climate for attraction of investments to various branches of the economy as well as investments to information technologies for provision of enhancement of healthcare, education, science and business are important elements of the progress.

President Gurbanguly Berdimuhamedov noted that current meeting and subjects to be discussed are the part of the strategy. The head of the state highlighted that he welcomes the start of the current dialog on establishment of the consortium of international investors for participation in the projects in Turkmenistan and said about the willingness to review proposals of the businessmen in all directions.

Head of ARETI IG Igor Makarov has expressed gratitude to the head of the state for organization of the meeting and extended deep condolences on passing of the father of the President of Turkmenistan – Myalikguly Berdimuhamedov.

Further, the floor was given to the General Director and partner of King & Spalding Andrew Hrusk, who also extended his condolences to the head of Turkmen state on hard and irreplaceable loss – the death of his father Myalikguly Berdimuhamedov.

Having expressed gratitude for give opportunity to discuss key vectors of beneficial partnership, the businessman noted that it is a big honor for his international business structure to be selected for establishment of close contacts with Turkmenistan, which has recommended itself as responsible and reliable business partner in the world arena.

Continuing and having confirmed the intent of the companies participating in current meeting to work close with Turkmenistan, Andrew Hruska introduced his colleagues to the head of the state and informed about the activity of the holdings specialized in different spheres and having significant experience of work in many countries of the world.

Special emphasis has been laid on the fact that harmonious growth of indicators of national economy, colossal resource potential of our country provide growing attention of other countries and big international corporations to active cooperation. In this context, number of specific proposals has been presented.

Having expressed gratitude to Mr. Andrew Hrusk for the proposals, the head of the state highlighted that the proposals match the main priorities of the government policy and expressed the willingness of Turkmen side to start elaborating of details of implementation of the presented project with the Consortium.

The head of the state has recommended ARETI Group, with which Turkmenistan works close for more than 25 years in different projects, as a connecting link and partner for support to implementation of the project. The experience of the company in energy sphere and reputation in our country and abroad give confidence that Turkmenistan will participate in the project in accordance with vision and strict requirements set by our state, President Gurbanguly Berdimuhamedov highlighted.

Having noted that relative officials have requested to form up a working group, which will include representatives of profile government bodies, for elaboration on the project and development of contract documentation, the head of the state said that further steps for implementation of the plans would be defined at the next session.

Continuing online meeting, the co-founder and Chief Investment Director of Rizvi Traverse Management LLC Sohail Rizvi expressed gratitude for given opportunity to discuss current aspects of cooperation and extended deep condolences to Turkmen leader on passing of his father Myalikguly Berdimuhamedov.

Having introduced the activity of his company, which has a long and successful experience of consulting of the countries and international organizations on advanced practice of implementation of legal base required for creation of attractive investment climate, Sohail Rizvi confirmed the intent of the Consortium of global financial institutions chaired by Switzerland to invest the projects in Turkmenistan.

It was noted that the company supports the vision of Turkmen side on establishment of new infrastructure for development of giant reserves of hydrocarbons. In this context, the importance of the policy of neutrality pursued by Turkmenistan as the main factor of stable development of the country has been highlighted.

Having expressed gratitude for the information, the head of the state highlighted the interest of our country in quality innovative projects in the sphere of high technologies, which can be utilized for development of the economy, financial system and social sphere. Relative government authorities will be requested to study the presented materials, to discuss the details of each project and to make the conclusions by the results of work, the leader of the nation said.

Having proposed to set out the intents of the sides regarding discussed projects in the protocol of the meeting, President Gurbanguly Berdimuhamedov noted that further joint activity in this direction of cooperation would be discussed at the next meeting.

Further in his speech, Igor Makarov has expressed the intent of his business structure to donate some funds to Gurbanguly Berdimuhamedov Charity Fund for help of children requiring care.

Having expressed gratitude to the head of ARETI IG for his good intents, President Gurbanguly Berdimuhamedov noted that care of wealth of younger generation is one of the main priorities of the government policy of Turkmenistan.

In the end of the video conference meeting, the head of Turkmenistan expressed gratitude to the head of the companies for extended condolences and words of support on passing of his father Myalikguly Berdimuhamedov.

Having exchanged good wishes, Turkmen leader and businessmen expressed confidence in continuation of the partnership based on the principles of trust and mutual benefit.

State News Agency of Turkmenistan