Turkmenistan increases volume of capital investments to develop national economy

ASHGABAT, Turkmenistan, July 23. The volume of
capital investments in Turkmenistan aimed at developing the
national economy at the expense of all sources of financing
increased by 24.6 percent from January through June 2023 compared
to the same period last year, which is 16 percent in relation to
GDP, Trend
reports.

This was stated by the Minister of Finance and Economy of
Turkmenistan Serdar Jorayev at an expanded meeting of the Cabinet
of Ministers held on July 14, 2023.

According to him, out of the total volume of capital
investments, 49.4 percent is directed to the construction of
industrial complexes, and 50.6 percent is directed to the
construction of social facilities.

Furthermore, Jorayev noted that as of July 1, 2023, the
construction of 82,300 engineering networks and facilities, 244,400
square meters of housing, 360.3 kilometers of communication systems
was completed as part of the implementation of the National Rural
Program, and also added that work is currently continuing on
various social, industrial and infrastructure facilities.

Considerable funds are being allocated towards the establishment
of advanced industrial infrastructure in Turkmenistan. These
investments play a pivotal role in fostering comprehensive regional
development and driving economic prosperity throughout the entire
nation.