BAKU, Azerbaijan, September 11. Russia is ready to share its experience and support the development of Turkmenistan's transportation infrastructure, the deputy minister of economic development of Russia, Dmitry Volvach, said at a panel discussion on “Economic Development of Turkmenistan and its Investment Potential” within the framework of the Investment Forum of Turkmenistan (TIF 2024) in Ashgabat, TurkicWorld reports.
“Russia is ready to support the development of Turkmenistan's transport infrastructure by offering its experience in modernizing railroads and creating seamless multimodal logistics services as part of investments in promising sectors of the country's economy. This support is particularly relevant given Turkmenistan's unique geographical location at the crossroads of key Eurasian transportation routes. This location allows Turkmenistan to use the advantages of a major transit hub, providing the shortest route from Europe to the Persian Gulf and contributing to the dynamic development of transport and logistics links between Central Asia and the Caspian region,” he said.
Dmitry Volvach also pointed out that one of the key areas for further cooperation between Russia and Turkmenistan is the use of the potential of special economic zones. He emphasized that the Russian experience, including memoranda with the Iranian Trade and Industrial Zone and cooperation with partners from Azerbaijan, opens up opportunities for inviting Turkmenistan to work together in this area.
To note, the Turkmenistan Investment Forum (TIF 2024) is being held in Ashgabat from September 10-11 and serves as an important platform for attracting investment into the country's economy. The organizers are the Ministry of Finance and Economy, the Ministry of Foreign Affairs, and the Chamber of Commerce and Industry of Turkmenistan. The forum is attended by representatives of leading international companies and organizations. The main focus is on attracting investments in the hydrocarbon sector, the TAPI project, gas chemistry, electric power, construction, and transportation.
The program includes parallel thematic sessions with the participation of experts from UN specialized agencies, S&P Global Commodity Insights, and the World Trade Organization. In parallel, there is an exhibition of economic achievements.
