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Turkmenistan attracts over $40 billion investment: President

23 December 2013 14:57 (UTC+04:00)
Turkmenistan attracts over $40 billion investment: President

By Aynur Jafarova

The volume of investments attracted to Turkmenistan in the first 11 months of 2013 exceeded $41 billion, Turkmen President Gurbanguly Berdymukhamedov said on December 20.

Speaking at the enlarged government meeting on the results of first 11 months of 2013, the president said this figure is 7.2 percent more compared to the same period of 2012.

"The GDP growth rate amounted to 10.1 percent. Foreign trade turnover also increased and amounted to $28.4 billion. The volume of wages increased by 11 percent," the Turkmen president said.

Berdymukhamedov also said the exchange rate of the national currency-manat remains at the same level. The inflation level in the country doesn't exceed the predetermined limit.

This year Turkmenistan had a rich harvest of grain and cotton as well. The country is implementing large scale construction of plants and factories amounting to 2,000 large facilities worth $35 billion.

In the reported period the industrial production increased by 13.3 percent and retail trade turnover-by 19.5 percent compared to the same period of 2012.

The volume of construction works performed in January-November increased by 20.2 percent compared to the same period of 2012.

Good performance indicators were achieved in the agricultural sector as well.

The enlarged meeting chaired by Berdymukhamedov focused on the work done for eleven months of the current year, the priority aspects of the foreign and domestic policies and draft documents.

The meeting was attended by Turkmen deputies, ambassadors accredited to foreign countries, district governors, principals of institutions, editors-in-chief of newspapers and magazines and other high-ranking officials.

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