The business forum “Turkmenistan – United Arab Emirates” was held on June 25 in Ashgabat, at the Chamber of Commerce and Industry.

The forum brought together heads and leading specialists of government and business structures of the two countries, TDH reports.

Among the participants are companies specializing in the fields of energy, digital technologies, trade, agriculture, food industry, construction and tourism, including HK Associates, AMEA Power, Arabian Falcon Holding, ADIO and others.

Promising areas of interstate cooperation in the economic, investment, industrial sectors, as well as in the field of renewable energy sources were discussed.

The favorable investment climate created in Turkmenistan and the optimal organizational and legal mechanism for doing business help attract an increasing number of potential foreign partners, in particular the UAE business community, to work in the promising Turkmen market.

As noted, the main areas of partnership include joint projects that can become the driving force of economic cooperation and open up new opportunities for attracting investments, creating mixed production, forming a modern infrastructure system, and increasing interaction in the banking and financial sector.

The heads of leading UAE companies confirmed the desire of large Emirati businesses to strengthen and expand their presence in the Turkmen market.

The transport and logistics system is named one of the most promising areas of cooperation.

Turkmenistan expressed its readiness to significantly expand mutually beneficial ties in the fuel and energy sector.

A separate topic of discussion was the rational use of renewable energy sources.

Other relevant vectors of partnership include agriculture, communications, processing and chemical industries, introduction of advanced technologies, construction, healthcare, ecology, etc.

The most Important part of this work is holding joint exhibitions of manufacturers of goods and services, as well as business forums on a regular basis.

Within the framework of the forum, meetings were held between entrepreneurs of the two countries with the aim of exchanging experiences and intensifying productive relations.