BAKU, Azerbaijan, September 16. Turkmenistan is
interested in attracting South Korean technologies, investment and
expertise for new projects in chemical, energy, transport and other
industries.
This was reflected in a press release published by the press
service of the Turkmen government following President Serdar
Berdimuhamedov’s remarks at the Turkmen-Korean high-level business
forum in Seoul.
According to the press release, Berdimuhamedov highlighted the
potential for cooperation in the chemical industry, noting that
South Korean companies have extensive experience in implementing
large-scale production projects. He said this creates opportunities
for new projects to produce mineral fertilizers, petrochemical
products and other industrial goods.
The president also said Turkmenistan is ready to consider the
participation of South Korean companies in projects to develop
transport and logistics infrastructure.
According to Berdimuhamedov, Turkmenistan is interested in
attracting South Korean technologies, investment and management
experience in the oil and gas chemical, chemical, energy and
transport sectors, among others.
He added that Turkmenistan is ready to create the necessary
conditions and provide comprehensive support to South Korean
businesses in implementing prospective joint projects.
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.
