(MENAFN- Trend News Agency)
ASHGABAT, Turkmenistan, September 10.
Turkmenistan is solidifying its position in the region by
demonstrating economic stability and predictability, creating new
opportunities for German-Turkmen cooperation, said Executive
Director of the Eastern Committee of the German Economy Michael
Harms sharing his insight during a panel discussion on "Economic
Development and investment Potential of Turkmenistan" at the
Turkmenistan Investment Forum (TIF 2024) in Ashgabat, Trend reports.
"Turkmenistan is a major Silk Road hub and economic powerhouse
in Central Asia. While the country's energy resources drive its
economy, its predictable regulatory environment helps industry
grow," Harms stated.
He highlighted several critical areas for German-Turkmen
cooperation, including energy, transportation, decarbonization, and
infrastructure development.
"Energy resources and raw materials provide a strong basis for
future collaboration, particularly as an alternative to supplies
from Russia, enhancing the significance of Turkmenistan and the
region," he added.
Harms also drove home the point about the significance of
logistics, highlighting that initiatives like the New Silk Road,
the Belt and Road Initiative, the EU Global Gateway, and the Middle
Corridor are the real deal, with the latter acting as a fresh link
between the EU and Asia.
Despite Turkmenistan's fossil fuel wealth, Harms pointed out the
significant potential of renewable energy sources like wind and
solar, which should not be overlooked in the pursuit of
decarbonization.
Additionally, he praised Turkmenistan's efforts in water
resource management and highlighted the importance of regional
cooperation in agriculture and water resources. Harms also
commended Turkmenistan's healthcare system and expressed pride in
the contribution of the German healthcare model.
Finally, he stressed that education is crucial for sustainable
development, with a skilled and educated workforce being essential
for progress. Regional collaboration will play a key role in
achieving these goals.
The Turkmenistan Investment Forum (TIF 2024), taking place from
September 10 to 11, serves as a significant platform for attracting
investment to the country's economy.
The forum, organized by the Ministry of Finance and Economy, the
Ministry of Foreign Affairs, and the Chamber of Commerce and
Industry of Turkmenistan, features representatives from leading
international companies and organizations.
Key focus areas include investment in the hydrocarbon sector,
the TAPI project, gas chemistry, electricity, construction, and
transportation. The program includes parallel thematic sessions
with experts from UN specialized agencies, S&P Global Commodity
Insights, and the World Trade Organization, along with an
exhibition of economic achievements.
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