Page 30 - MOE ENGLISH PR REPORT - JUNE 2024

Press Release

as encouraging business communities to invest in new economic sectors such as eCommerce,

agriculture technology, healthcare, manufacturing, fintech, logistics, tourism, entrepreneurship,
and space.

Furthermore, Bin Touq invited companies and investors from Turkmenistan participating in the

forum to capitalize on the UAE’s economic advantages and benefit from the incentives to establish

businesses and activities across the seven emirates.

H.E stated that the Emirati companies are keen to inject more investments in Turkmenistan markets

in various economic sectors, including food, energy, clean energy, water, transportation, and
logistics. As of the first quarter of 2024, UAE assets in foreign markets totaled $2.5 trillion,

underscoring the UAE’s diverse investment portfolio across numerous Asian countries with huge
and distinct projects.

During the Forum, H.E met with several ministers and officials in the Turkmenistan government,

including H.E Batyr Atdayev, Deputy Chairman of the Cabinet of Ministers of Turkmenistan for

Trade Complex, Textile Industry and Entrepreneurship, H.E Begenç Goçmollaýew, Minister of
Trade and Foreign Economic Relations, H.E Gurdov Mergen, Chairman of the Chamber of

Commerce and Industry of Turkmenistan, and H.E Nokir Guli Ata Guliyev, Chairman of
Manufacturers and Entrepreneurs. Discussion revolved around the future economic and trade

collaborations aimed at strengthening mutual economic and investment ties.

The forum hosted a series of meetings between representatives of the UAE and Turkmenistan

companies to explore possibilities for consolidating trade and investment relations. The
participating companies also gave presentations on the investment opportunities available in both

countries.

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