Arzuw NEWS - Turkmenistan news

Turkmenistan and Russia sign contracts worth 150 billion rubles

During the Russian-Turkmen business forum held in Ashgabat companies of Turkmenistan and Russia signed bilateral contracts worth 150 billion rubles. This was reported by the press service of the Ministry of Economic Development of the Russian Federation.

"Turkmenistan is a reliable partner in the sphere of industrial cooperation. Entrepreneurs of our countries are ready to develop new projects. With the support of the Russian Export Center, the management of which worked at the forum these days, projects to upgrade the rolling stock of Turkmen railroads, freight cars and equipment are implemented," the report says.

It is also emphasized that more than 20 investment projects worth $3.5 billion are currently implemented with Russian participation in Turkmenistan. New projects in transport, construction, automotive and shipbuilding, pharmaceuticals, geological exploration and oil and gas industry are being prepared for launch.

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