The investment attractiveness of Turkmenistan is conditioned by the availability of rich natural resources, favorable geographical location, as well as the implemented foreign economic policy of "open doors", it was noted during the Turkmen-Singapore business forum held in Singapore, the State news Agency reports.
According to the information, one of the topical areas for foreign investment is the chemical industry of Turkmenistan, the prospects for the development of which were presented to the Singapore business community.
Currently, the State concern "Türkmenhimiýa" is made up of 11 industrial enterprises, which form the basis of chemical country. Among the priorities of the industry development is the introduction of high-efficiency, energy-and resource-saving technologies based on the latest scientific and technical developments.
During the presentation of the industry, it was noted that at present, special attention is paid to the expansion of production of mineral fertilizers due to availability of raw materials, high capacity of the internal market in this kind of products, improving the efficiency of agricultural production.
Over the past 10 years, the total production capacity of the country for the production of mineral fertilizers increased more than 3 times. During this period, new ammonia-urea complexes were built in the cities of Mary and Garabogaz, the largest in the Central Asian region, the Garlyk potash mining complex, a shop for the production of sulfuric acid as part of the Turkmenabat chemical plant. In the implementation of these projects, financial investments in which amounted to more than 3.3 billion us dollars, partners were the world's leading companies from Japan, the United States, the European Union.
According to the source, in the near future it is planned to implement a number of new promising investment projects. Among them are the construction of plants for the production of iodine, bromine and their derivatives, a new production of concentrated phosphorus fertilizers as part of the Turkmenabat chemical plant; installation for the production of complex (N,P,K) fertilizers; gas chemical complex for the production of mineral fertilizers and chemical products in Mary and many others.
Production of highly liquid chemical products for the domestic market and exports is economically beneficial for all participants of such projects. And the availability of modern transport infrastructure and its integration into the international transportation system, including large seaports, will solve the problems of exporting multi-tonnage chemical products in different directions.
This topic was supported in his speech at the forum by the Director of Indorama Corporation Pte. Ltd. Prakash Kejriwal. The company, based in Singapore, is one of the leading chemical holdings in Asia, producing a variety of products including polyethylene, polypropylene, nitrogen, phosphate fertilizers, polyester, polyester raw materials, textiles and medical gloves. It operates more than 70 production sites in over 30 countries and employs more than 30,000 workers worldwide, it said.
