BAKU, Azerbaijan, July 17. Turkmenistan plans
6.3% GDP growth and several new investment initiatives with
Georgia.


This was reported by the press service of the Turkmen
government, following President Serdar Berdimuhamedov's address at
the Turkmen-Georgian Business Forum in Tbilisi.


Addressing the forum, he announced that Turkmenistan’s newly
approved Investment Program aims to sustain the country’s gross
domestic product (GDP) growth rate at 6.3%. The President
underscored that the continuous modernization of the domestic fuel
and energy complex remains a foundational priority for the
government. In this context, Turkmenistan has launched the fourth
phase of commercial development at the Galkynysh gas field, which
ranks among the largest natural gas reserves in the world.


Furthermore, President Berdimuhamedov noted that the extraction
of offshore hydrocarbon resources in the Caspian Sea continues to
be a strategic objective, prompting Turkmenistan to consistently
expand its long-term partnerships with leading international oil
and gas corporations.







"There is a significant expansion of our country's downstream
refining capacities, which now support steady exports of refined
liquid petroleum products to both European and Asian markets. The
construction of modern industrial facilities producing globally
in-demand mineral fertilizers, polymers, and other chemical
products has triggered rapid, sustained industrial growth within
the domestic gas-chemical sector," he said.


Alongside state-led industrialization, the President praised the
swift development of the Turkmen private sector, which has
established highly competitive production lines for construction
materials, metalwares, plastics, cables, and electrical products in
recent years.


Following his address, the head of state emphasized the robust
export potential of Turkmenistan’s textile and agricultural
industries. The country’s annual manufacturing capacity for
finished textile products now exceeds 130,000 tons, with
approximately 80% of all manufactured textile goods destined for
foreign markets. Backed by steady state investments and the rising
participation of private enterprises, the domestic agricultural
sector has similarly elevated its international market presence,
establishing Turkmenistan as a key regional exporter of organic
food products.