Arzuw NEWS - Turkmenistan news

Sumitomo Corporation is ready to expand cooperation with Turkmenistan

Representatives of Türkmenawtoulaglary and Sumitomo Corporation discussed future projects yesterday. Turkmenistan plans to strengthen partnership with the Japanese company, primarily in the transport sector. Other relevant areas of cooperation include power engineering, innovative technologies, agriculture and other sectors.

Japanese top managers emphasized their interest in developing relations with Turkmenistan as a promising partner. It is planned that the key area of interaction will be improvement of logistics processes. In particular, we are talking about projects on transport and transit points along the West-East and North-South lines.

The negotiators also discussed the future prospects of the "open door" policy format proposed by the Leader of the Turkmen Nation.

Since 2018, Sumitomo Corporation is a participant in the construction of a 432-megawatt gas turbine power plant in Lebap velayat, whose electricity will be supplied to Afghan partners. To implement this project, the State Bank for Foreign Economic Affairs of Turkmenistan signed a loan agreement with the Japan Bank for International Cooperation.

Source: turkmenistan.gov.tm

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