BAKU, Azerbaijan, September 16. Turkmenistan
has 17 investment projects involving South Korean companies, with a
total value exceeding $12 billion.
This was stated by Turkmen President Serdar Berdimuhamedov at
the Turkmen-Korean high-level business forum in Seoul, according to
the Turkmen government press service.
The projects include the construction of a natural gas
desulfurization plant at the Galkynysh gas field and a polymer
plant in Kiyanly with the participation of LX International Corp.
and Hyundai Engineering Co., Ltd.
SK Networks participated in the installation of a road traffic
safety system and the provision of consulting services in
Ashgabat.
A number of other investment projects are currently being
implemented in Turkmenistan with the participation of Daewoo
Engineering & Construction Co., Ltd., Koryo Shipbuilding Industry
Technology Co., Ltd., Korea Meditech Co., Ltd. and other South
Korean companies.
According to the Turkmen president, negotiations are also
underway on prospective projects, with their implementation
expected to begin in the near future.
Meanwhile, Turkmen President Serdar Berdimuhamedov is paying a
state visit to South Korea and taking part in the first Central
Asia-Republic of Korea Summit in Seoul on September 16-17. The
summit brings together the leaders of South Korea and the five
Central Asian countries - Kazakhstan, Turkmenistan, Uzbekistan,
Kyrgyzstan and Tajikistan - marking the first elevation of the
Korea-Central Asia dialogue to the leaders’ level. Seoul has said
the summit is intended to deepen regional cooperation and produce
practical results for the participating countries.
For Turkmenistan, the summit is taking place alongside a state
visit and bilateral negotiations with the South Korean leadership.
During South Korean President Yoon Suk Yeol's state visit to
Turkmenistan in June 2024, the two countries signed a memorandum
aimed at strengthening cooperation in areas including the economy
and investment, culture, education, communications and human
exchanges. Turkmenistan also expressed support for Seoul's K-Silk
Road initiative, which South Korea presented as its comprehensive
strategy for expanding cooperation with the five Central Asian
countries.
The current summit is therefore taking place against the
backdrop of an effort by Seoul to elevate its cooperation with
Central Asia to the leaders' level.
