A number of documents on investment and attraction of loans for the implementation of projects in Turkmenistan were signed today following the visit of President Gurbanguly Berdimuhamedov to the United Arab Emirates, the State News Agency reported.

Among them - the Agreement on the issuance of a loan for the construction of a chemical plant for the production of mixed mineral fertilizers in the eastern part of Turkmenistan, in Turkmenabat. Representatives of "Türkmenenergo" Corporation and "Abu Dhabi Future Energy Company PJSC-Masdar" signed a Memorandum of Understanding. A similar document was signed by the leadership of the Turkmenbashi International Seaport and the "DP World FZE holding". A number of bilateral documents were signed between the banks of Turkmenistan and the UAE. In particular, the Agreement between the State Bank for Foreign Economic Affairs of Turkmenistan and the Abu Dhabi Development Fund on the establishment of a closed joint stock company "Türkmen maýa goýum kompaniýasy" and a Memorandum of Understanding between the State Bank for Foreign Economic Affairs of Turkmenistan and the Department of Economic Development of the Government of Dubai.

As previously reported, agreements on signing a loan agreement on financing the construction of a plant for the production of combined fertilizers at the Niyazov Turkmenabat Chemical Plant and other documents were reached during the visit of the Turkmen delegation to the UAE.

At a meeting of the Government on September 16, Deputy Prime Minister Serdar Berdimuhamedov also said that an agreement had been reached to conclude a framework agreement on the construction of a polyvinyl acetate plant in Dashoguz velayat.

Recall that in June 2021, the Abu Dhabi Development Fund allocated a loan to Turkmenistan for about 100 million us dollars for the construction of an airport in the city of Jebel in Balkan velayat and a hybrid solar-wind power plant with a capacity of 10 megawatts in the Serdar etrap of Balkan velayat.