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- October 13, 202618°
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- October 13, 202618°
Cevdet Yılmaz: Investment target with Turkmenistan is growing
Cevdet Yılmaz explained the $5 billion trade target and increasing investments between Turkey and Turkmenistan at the DTİK meeting in Ashgabat.
Vice President Cevdet Yılmaz spoke at the World Turkish Business Council meeting held in Ashgabat, the capital of Turkmenistan. Yılmaz stated that the relations between Turkey and Turkmenistan have transformed into concrete collaborations and lasting investments supported by a common language, common history, and common culture.
Yılmaz noted that this process has gained strength thanks to the visionary approach of the leaders of the two countries. He expressed that Turkmenistan's strategic importance is increasing day by day with its rich natural resources, young population, and sustainable growth potential.
Highlights
- Yılmaz gave his speech at the DTİK meeting in Ashgabat.
- He said that relations between Turkey and Turkmenistan have turned into concrete collaborations.
- He reported that approximately $300 million in direct investment has been made from Turkey to Turkmenistan.
- He announced that 1101 projects worth $56 billion have been undertaken in the contracting sector.
- He emphasized that the trade volume target between the two countries is $5 billion.
Trade target $5 billion
Yılmaz drew attention to the $5 billion trade volume target set by the leaders of the two countries. He stated that last year trade reached $2.2 billion and that the goal is first to exceed this level and then to move to a larger scale.
In his speech, he also emphasized that the state and the private sector are two complementary forces moving towards the same goal. According to Yılmaz, coordination between public will and the business world is important for making economic relations permanent.
New ground for businesspeople
Yılmaz said he valued the gathering of businesspeople operating in Turkmenistan under the DTİK umbrella. He expressed that such meetings provide a suitable ground to produce solutions to common problems and establish new collaborations.
Yılmaz's message revealed that the economic line between Ankara and Ashgabat is intended to be expanded not only with trade figures but also with long-term investment and contracting projects. The speech highlighted the goal of transforming the relations between the two countries into a stronger economic partnership on a regional scale.
Context: Economic relations between Turkey and Turkmenistan develop through investment, contracting, and trade topics. The meeting in Ashgabat was one of the gatherings highlighting the role of the business world on this line..
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