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Abu Dhabi Development Fund to allocate 99.91 million US dollars for projects in Turkmenistan

18:0310.06.2021
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Abu Dhabi Development Fund to allocate 99.91 million US dollars for projects in Turkmenistan

Two agreements worth 99.91 million US dollars have been signed between the Abu Dhabi Development Fund (ADFD) and the government of Turkmenistan, tradearabia.com reported.

One agreement will finance the construction of an airport in Jebel in Balkan velayat, while the other will finance the construction of a 10-megawatt hybrid power plant.

The agreements were signed by ADFD General Director Mohammed Saif Al-Suweidi and Chairman of the State Bank for Foreign Economic Relations of Turkmenistan Rahimberdi Jepbarov. The signing ceremony was attended by Deputy Chairman of the Cabinet of Ministers of Turkmenistan Serdar Berdimuhamedov and a number of high-ranking officials from both sides.

The Jebel airport project aims to improve air transport infrastructure in Balkan region of Turkmenistan and strengthen regional air connectivity in Central Asia. The project also aims to attract investment in Jebel and Balkan velayat by improving the quality of transport services. The project will include the construction of a terminal at Jebel Airport with a capacity of 100 passengers per hour. Project components include planning, design, construction and delivery of the project, as well as training for airport personnel.

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