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NewsInternational Investment Forum in Ashgabat opened15.10.2009 
The large-scale economic event - International Investment Forum initiated by President of Turkmenistan Gurbanguly Berdimuhamedov has opened on October 15 in Ashgabat.
Over 600 top managers of the largest foreign companies, stock exchanges, commercial banks, the experts of the consulting and rating agencies from over 50 countries worldwide take part in the forum.
The first international investment forum ever hosted by the country is a remarkable event in the modern history of Turkmenistan, which takes the consistent steps to implement large-scale reforms and modernize the national economy. As is known, the successful investment policy is a key factor in the progress of the country.
The forum participants will receive the comprehensive information on Turkmenistan’s economic potential and the impressive ‘investment portfolio’ of the ongoing and future projects and identify the priority fields for investments.
The forum agenda of the first day includes the plenary sessions. On the second day the discussions will be split in two sections – the strategies of development and investment potential of oil and gas and chemical industries of Turkmenistan that ranks among the world’s energy producers and the prospects for investing the projects in a wide spectrum of fields including real estate, construction, social sphere, civil and transport infrastructure, textile, agricultural, power and medical industries, banking sector, in particular the use of the alternative sources of energy, telecommunications and information technologies.
The exhibition of Turkmenistan’s economic achievements, which will be opened on the closing day to mark the 18th anniversary of Turkmenistan independence, will vividly illustrate the large-scale changes taking place in the country.
President of Turkmenistan Gurbanguly Berdimuhamedov addressed the welcoming statement to participants of the International Investment Forum.
Congratulating on opening the forum, the leader of the Turkmen state said, “I believe that this representative forum will promote cooperation among the business circles of different countries along with showcasing Turkmenistan’s investment potential.”
“Viewing economic contacts as an essential component of international cooperation we establish and enhance partnership on a mutually advantageous basis with the large companies, lead an active dialogue with investors.
Long-term political stability, high economic growth rates, profound resource potential, and sustainability of the national currency – all this calls forth the investment attractiveness of our country.
“Turkmenistan’s investment policy is aimed at modernizing and diversifying the national economy and based on the state guarantees of protection of all types of investments made in development of the country. Creating the favourable investment climate for domestic and foreign business, we sustain it with the national legislation complying with the universally recognized norms of international law. Ultimately, all this is aimed at achieving the economic progress of the country, increasing the welfare of the Turkmen people.
Adopting the Law of Turkmenistan “On Foreign investments” that sets forth the legal framework of the activity of the enterprises with foreign capital in the territory of the country considerably extended the opportunities of potential foreign partners to operate on the Turkmen market. Guaranteeing insurance protection, repatriation of capital, customs, tax and other benefits, this law actually encourages the investment activity of domestic and foreign entrepreneurs
“The bilateral intergovernmental trade and economic agreements on mutual promotion and protection of investment signed by Turkmenistan with dozens of the states profoundly contribute to this process.
“I believe that this meeting will be a splendid opportunity to learn about Turkmenistan’s versatile potential aimed at overall integration in global economy, consider the prospects for mutually advantageous cooperation with Turkmen partners as well as your collaboration in the large-scale social and economic projects and establish useful contacts with businessmen and financial experts from different regions of the world.”
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