President of Turkmenistan opens new opportunities for Korean investments

On June 27, President Serdar Berdimuhamedov discussed topical issues and priority areas for further development of fruitful business cooperation with Bek Jung-Wan, head of Daewoo Engineering & Construction Co., Ltd.

During the meeting, it was noted that Korean companies make a great contribution to the development of Turkmen-Korean economic cooperation, actively participating in the implementation of major projects in the country's gas and chemical industries, transportation, high technology and investment.

Special emphasis was placed on the great opportunities for bilateral partnership in terms of creating a new image of Turkmen cities, participation of the companies of the Republic of Korea in the second phase of construction of the unique "smart" city Arkadag and realization of the megaproject "Ashgabat City".

The President of Turkmenistan highly appreciated the established positive cooperation between the State Concern "Türkmenhimiýa" and Daewoo Engineering & Construction Co., Ltd. and expressed readiness of the Turkmen side to consider specific proposals of the Korean partners on the development of the chemical industry, in particular, the production of phosphate, ammonia and urea fertilizers.