Turkmen President woos Qatari investors

Reuters

DOHA: The president of Turkmenistan went to Qatar on a two-day trip this week to attract Qatari businessmen to invest in Turkmenistan and to make use of the various opportunities and facilities provided by the Turkmen government to foreign investors.

Turkmenistan is wooing Qataris to invest in recently inaugurated multiple free zones and facilities for the foreign investors.

Turkmenistan President Gurbanguly Berdimuhamedov met the Emir of Qatar Sheikh Tamim bin Hamad al-Thani and chaired the signing of a number of bilateral agreements.

The two countries signed memoranda of understanding on cooperation in areas like energy, aviation, education and wildlife conservation.

Turkmenistan Cabinet of Ministers Batyr Atdayev has urged Qatari businessmen to invest in Turkmenistan’s textile industry, one of the most important sectors in the country, where 70 factories produce environmentally friendly cotton that is then exported as fabric to almost 30 countries around the world.

Chairman of Qatar Chamber of Commerce said the Qatari businessmen were willing to look into investment opportunities available in Turkmenistan due to its wealthy natural resources, hoping that similar forums would lead to joint investment agreements and memoranda of understanding especially in the fields of tourism, sports, real estate, agriculture and food.