The Turkmenistan Investment Forum 2024 (TIF 2024) was a significant platform for discussing the country's development prospects and strengthening international ties. Over the two-day forum, 18 agreements and memorandums were signed covering a wide range of sectors, including energy, the chemical industry, textiles, transport, and ecology.
TIF 2024 brought together over 1200 delegates from 46 countries, underscoring the international community's interest in cooperating with Turkmenistan. More than 100 bilateral meetings were held to strengthen economic and investment ties.
The business program of TIF 2024 encompassed key topics of Turkmenistan's economic development, such as public-private partnerships, digital transformation, and environmental sustainability. The forum opened with a plenary session on investment prospects in the country, where government representatives and international organizations discussed the growth strategy. Discussions on developing a green economy, digital technologies, and smart agriculture took center stage, underscoring Turkmenistan's commitment to innovation.
Representatives of many international companies attended TIF 2024, including major players such as Mitsubishi, Sumitomo Corporation, Hyundai Corporation, Wirtgen International GmbH, Petronas, CNPNC, Caspian Logistics Solutions, and many others. Japanese corporations, like Mitsubishi and Sumitomo, expressed interest in developing Turkmenistan's chemical industry and automotive market.
Other participants included DAEWOO Engineering & Construction Co. Ltd., the Korean Association of Shipbuilding and Offshore Engineering (KOMEA), and numerous Turkish companies, such as Astaş Endüstri Tekstil Makinaları Sanayi ve Ticaret A.Ş. and Calik Energy.
International organizations like USAID and S&P Global shared their vision for developing agriculture and the green economy. Particular attention was paid to the prospects of applying smart technologies in Turkmenistan's agricultural sector, which could significantly reduce costs and increase efficiency.
One of the key highlights of the forum was the opening of new projects on the Turkmen-Afghan border, including the Serhetabat-Turgundi railway bridge, the foundation for the “Shatlyk-1” gas compressor station, and the groundbreaking of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline’s section from Serhetabat to Herat. An optical fiber communication line and other infrastructure projects were also initiated, further strengthening regional connectivity.
The forum also served as a platform for discussing Turkmenistan's role in global initiatives, such as the digitalization of customs procedures and the country's accession to the World Trade Organization. As noted by representatives of the Ministry of Economy and Finance of Turkmenistan, integration into the global trading system plays an important role in the country's sustainable growth and economic development.
The forum launched new projects and opened up new prospects for international cooperation, which will contribute to the development of Turkmenistan's economy.
The article was provided by the event organizers
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