President of Turkmenistan and head of ADB discussed priority areas of cooperation
21:42 12.11.2025 2729
On November 11, President of Turkmenistan Serdar Berdimuhamedov received Masato Kanda, President of the Asian Development Bank (ADB), who was visiting our country, TDH reports.
The head of state expressed confidence that this visit would facilitate an exchange of views on the further development of bilateral economic cooperation.
Emphasizing that Turkmenistan's economic strategy places great importance on strengthening ties with reputable financial and banking institutions, Berdimuhamedov noted the effectiveness of long-standing collaboration with the ADB. Over the past 25 years, the bank has participated in financing a number of projects in Turkmenistan in the electric power, infrastructure, and railway sectors.
Today, the bilateral partnership is implemented within the framework of Turkmenistan's cooperation strategy. In particular, projects implemented under the Central Asia Regional Economic Cooperation (CAREC) program contribute to the development of Turkmenistan's economic, trade, transport, and energy systems and the training of highly qualified specialists.
As noted during the meeting, a Memorandum of Understanding was signed on May 17, 2025, between the State Committee for Construction of the City of Arkadag under the President of Turkmenistan and the ADB, opening up opportunities for expanding partnerships in energy, water and energy conservation, and the use of renewable energy sources in the smart city.
Strengthening cooperation in the fuel and energy sector was also identified as an important area of cooperation.
During his visit, Masato Kanda held a number of meetings, which resulted in the signing of an Agreement between Turkmenistan and the ADB on Financing the Construction of a Secondary Medical School in Ashgabat, as well as a document between the Ministry of Health and Medical Industry of Turkmenistan and the ADB on cooperation in technical support.
Transactions for the export of LNG and jet fuel were entered at exchange trading
On Monday, August 22, 12 transactions were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan for a total of $5.4 million, the ORIENT news agency reported.
It is planned to increase hydrocarbon production in Balkan region
In the Balkan region, a key region in the oil and gas sector of Turkmenistan, it is planned to increase natural gas production to 11 billion cubic meters per year by 2025. The head of the Department for Analysis of Economic Risks of the Agency for Protection from Economic Risks under the Ministry of Finance and Economy of Turkmenistan, Hangeldi Gurbangeldiev, said this in a commentary for the official Turkmen press.
Modern Information and Analytical Center for sustainable energy development has been opened in Turkmenistan
Today, March 26, the grand opening of the Information and Analytical Center was held at the Natural Gas Research Institute of the State Concern "Turkmengas". The center is equipped with the latest IT equipment purchased with the support of the European Union project "Green Development of Turkmenistan: Policy Dialogue and Climate Action for 2024-2028", funded by the European Union and the German Foreign Ministry and implemented by GIZ.
Hero-Arkadag and Recep Erdogan noted the rapid development of bilateral cooperation
On Sunday, March 30, a telephone conversation took place between the National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Hero-Arkadag Gurbanguly Berdimuhamedov and the President of the Republic of Turkey Recep Tayyip Erdogan, TDH reports.
