President of Turkmenistan and ADB Vice President Discuss Priority Areas of Cooperation
13:29 25.06.2025 2960
On June 23, President of Turkmenistan Serdar Berdimuhamedov received Vice President of the Asian Development Bank for South, Central and West Asia Yang Yingming, who arrived in Ashgabat on a visit, TDH reports.
The guest emphasized that ADB pays special attention to cooperation with Turkmenistan, which demonstrates stable dynamics of economic growth. In this regard, the bank confirmed its support for Turkmenistan's initiatives to form a sustainable economy and a course for its diversification.
Serdar Berdimuhamedov noted the constructive nature of the interaction established between our country and ADB, which turns 25 this year.
During this time, ADB participated in the financing of many projects that had a significant impact on ensuring sustainable socio-economic development of Turkmenistan. The implemented projects covered various segments of the national economy, in particular, energy, transport and healthcare.
As noted during the meeting, today the partnership with ADB is carried out within the framework of the Cooperation Strategy with Turkmenistan for 2024-2028. In this regard, assistance to projects for the development of the economy, trade, transport and energy sectors of Turkmenistan, implemented in accordance with the Central Asian Regional Economic Cooperation (CAREC) Program, was emphasized.
Serdar Berdimuhamedov expressed confidence that the Memorandum of Understanding signed in May 2025 between the State Committee for the Construction of the City of Arkadag under the President of Turkmenistan and ADB will give a significant impetus to the long-term partnership.
During the meeting, the emphasis was placed on interaction in the energy sector, which Turkmenistan intends to diversify given the presence of colossal hydrocarbon reserves.
It was also noted that given its favorable geographical location, Turkmenistan attaches great importance to the development of the transport and logistics sector and expects to continue the dialogue with ADB on the modernization of the country's railway industry. The head of state also stressed the need for cooperation between Turkmen banks and the ADB to realize the potential of the private sector.
The results of the work of the fuel and energy complex for nine months were discussed at the industry meeting
Today, a reporting meeting was held in the Central building of the oil and gas complex of Turkmenistan, at which the results of the work of the industry enterprises for January-September of the current year, held under the motto "Epoch of people with Arkadag", were discussed.
The results of work in the fuel and energy complex were considered and its economic state was discussed
On November 24, President Gurbanguly Berdimuhamedov held a working meeting on the development of the fuel and energy and financial and economic complexes of the country with the participation of the relevant Vice-Chairmen of the Cabinet of Ministers and heads of a number of specialized structures, at which the results of the work carried out in the fuel and energy complex were considered and its economic state was discussed.
Opening and construction start ceremonies of a number of infrastructure facilities were held
On September 11, Turkmenistan hosted opening and construction start ceremonies of a number of infrastructure facilities with the participation of Afghanistan. The ceremonies were attended by the President of Turkmenistan Serdar Berdimuhamedov, the Chairman of the Halk Malahaty of Turkmenistan Gurbanguly Berdimuhamedov, as well as the Acting Chairman of the Cabinet of Ministers of Afghanistan Molla Mohammed Hassan Akhund, TDH reports.
Construction is progressing
Since the number of various types of equipment is increasing every year, their uninterrupted supply of fuel and lubricants is becoming an urgent issue. In our country, intensive work to successfully resolve this issue is underway. Within the framework of the approved programs, local refineries will be reconstructed and new filling stations will be built.
Serdar Berdimuhamedov: the interests of Turkmenistan and the SCO coincide in terms of strategic parameters
The interests of Turkmenistan and the SCO coincide in strategic parameters, said Vice-Chairman of the Cabinet of Ministers of Turkmenistan Serdar Berdimuhamedov, speaking on Thursday on the digital system at the 20th meeting of the Council of Heads of Government of the Shanghai Cooperation Organization member states.